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Lex Greensill banned from UK directorships for 9 years
Financier’s disqualification from Insolvency Service comes five years after Greensill Capital collapse
Financier Lex Greensill banned from running UK companies for nine years
Founder of Greensill Capital says there was no finding he acted dishonestly after his company collapsed owing £1.6bnThe disgraced former financier Lex Greensill has been banned from running a UK company for nine years after he was judged to be unfit because of the 2021 collapse of his £1.6bn supply chain invoicing firm. The government’s Insolvency Service said on Thursday that Greensill had signed a disqualification undertaking, bringing the case to an end before a trial was due to begin on...
Financier Lex Greensill banned from running UK companies for nine years
Founder of Greensill Capital says there was no finding he acted dishonestly after his company collapsed owing £1.6bnThe disgraced former financier Lex Greensill has been banned from running a UK company for nine years after he was judged to be unfit because of the 2021 collapse of his £1.6bn supply chain invoicing firm. The government’s Insolvency Service said on Thursday that Greensill had signed a disqualification undertaking, bringing the case to an end before a trial was due to begin on...
Financier Lex Greensill banned from running UK companies for nine years
Founder of Greensill Capital says there was no finding he acted dishonestly after his company collapsed owing £1.6bnThe disgraced former financier Lex Greensill has been banned from running a UK company for nine years after he was judged to be unfit because of the 2021 collapse of his £1.6bn supply chain invoicing firm. The government’s Insolvency Service said on Thursday that Greensill had signed a disqualification undertaking, bringing the case to an end before a trial was due to begin on...
Disgraced boss used Covid loans to buy car, holidays and lingerie for his wife
Disgraced boss used Covid loans to buy car, holidays and lingerie for his wife Steven Brookes was branded as someone who 'shamelessly stole from the public purse during a national emergency' using a process set up for vulnerable businesses to use during Covid A disgraced company director bought an Audi with a personalised number plate and underwear for his wife using £300,000 in fraudulent bounce back loans, a court has heard. Steven Brookes, 40, who was banned as a company director in 2010,...
5 ways IBC transformed India's corporate rescue system over the past decade
Ten years ago, India's insolvency landscape was defined by stalled projects, endless litigation, weak recoveries and mounting bad loans. Companies remained trapped in legal limbo for years, banks struggled to recover dues, and distressed assets steadily lost value as cases moved through multiple forums. The Insolvency and Bankruptcy Code (IBC), enacted in 2016, was designed to change that.
UK cycling retailer plunges into administration and will close after 22 years
UK cycling retailer plunges into administration and will close after 22 years Cycle retailer Saddleback, based in Yate near Bristol, has sold bikes, cycling accessories and clothing for 22 years but now 42 jobs are to be lost as it enters administration A high-end cycling business has entered administration with 42 jobs set to be lost. Saddleback, based in Yate near Bristol, said the company is to close due to mounting financial pressures after 22 years in business. The firm sold bikes,...
Couple's £15,000 dream wedding turns to 'nightmare' after receiving devastating message
Couple's £15,000 dream wedding turns to 'nightmare' after receiving devastating message Kayleigh Billington and her fiancé Phil Golding had been planning their dream destination wedding in Tenerife for three years and paid nearly £15,000 to a wedding planner - but were left devastated when they received an email days before their big day A Merseyside couple have watched their dream destination wedding descend into a "nightmare" after discovering that their wedding planner — to whom they had...
Wedding dreams in tatters as dozens of brides told their Tenerife wedding planner has gone bust
Wedding dreams in tatters as dozens of brides told their Tenerife wedding planner has gone bust On Friday, around 20 couples were suddenly sent an email informing them that the business that is planning their wedding is now bankrupt, leaving their dream nuptials in tatters Dozens of brides have had their dreams of a perfect wedding day in Tenerife ruined after being told their wedding planner's business has gone bust. Some of the brides say they had handed over as much as £30,000 to the...
Buyer's agency Dashdot collapse leaves hundreds of clients out of pocket
Buyer's agency Dashdot's collapse leaves hundreds of customers tens of thousands out of pocket Sat 6 Jun 2026 at 4:42am In short: Collapsed buyer’s agency Dashdot had at least 700 clients who could be considered unsecured creditors. Many customers, who paid large up-front fees shortly before the company collapsed, are concerned they will not recover any money. Teneo has been appointed as the liquidator and an initial notice to creditors is expected next week.