Publishing companies will be asked in the coming days to bid for the back catalogue of the now defunct Merlin Books, according to The Sunday Business Post.
Posts Tagged ‘liquidation’
Corporate insolvencies could rise by 30% to more than 2,000 this year and personal insolvencies could “explode” this year according to Business Pro, the publisher of Stubbs Gazette.
“More Than 2,000 Irish Companies Set To Fail This Year.” It is the sort of headline that once might have appeared on the front page of the Sunday Business Post but space for bad business news is at such a premium these days, it only made page six of last weekend’s edition. As what it called the “deep malaise” in the property and retail sectors spread to all areas of the economy, the Business Post carried a report from accountancy firm FGS which predicted a new record of company failures in 2010. The number of firms that will go into liquidation, receivership and examinership will rise by more than 500 on last year – the rate of insolvencies is increasing by 8 per cent a quarter and there is no sign of it slowing down.
Creditors’ meetings will take place this week for Broadworks Communications and its parent firm, BWC Investments, which had deals with property developers to lay fibre-optic cabling in new developments.
An Irish technology security company has collapsed with the loss of 15 jobs and debts of almost €2m.