Business
Sanjeev Gupta’s house of cards teeters as Greensill caves in – The Times
Managers at one of Sanjeev Gupta’s UK steel businesses held a discreet meeting last month. The subject had serious implications for them personally as well as the…
Managers at one of Sanjeev Guptas UK steel businesses held a discreet meeting last month. The subject had serious implications for them personally as well as the hundreds of staff they employ: were they trading while insolvent?
Under UK company law, the directors of a business can be held personally liable for its debts if it continues trading when they know it is insolvent.
Bosses at the steel company, who decided the business was still viable for now, had every right to be worried and even more…
-
General11 hours agoDreams shattered as 140 Zone RV caravan customers’ worst fears realised
-
General10 hours agoGrace Lillian Lee weaves a path from the Torres Strait to Paris
-
General13 hours agoPublisher ditches David Walliams after harassment claim
-
Noosa News21 hours agoCollapsed Queensland caravan maker Zone RV accused of trading insolvent