Latest news with #financial difficulties
BBC News
17-07-2025
- Business
- BBC News
Minister sends team to 'take control' of Croydon council
The government is sending in its own team to take control of a south London council that has gone bankrupt three times in the past five government minister Jim McMahon said the scale of the financial difficulties facing Croydon Council and "the failure of the council to adequately respond to these difficulties" had led him to appoint four commissioners will have powers over financial management and decision-making and the "appointment, dismissal and performance management" of senior council Mayor of Croydon Jason Perry said the decision to appoint commissioners was "the wrong decision for Croydon and its residents". 'Financially distressed' Commissioners are appointed when a council is not performing its duties adequately, particularly in areas like financial stability and service said "a short and sharp reset, with fast action, is required to shift the dial on the council's recovery".In a statement to Parliament, McMahon said: "Croydon remains one of the most financially distressed councils in the country."Failing to change course would condemn Croydon's residents to a worsening position without a recovery strategy."I believe this is best achieved by escalating the statutory intervention to a commissioner-led model to ensure the council can achieve sustained change at the pace needed."The council has to pay the costs of the commissioners, including their fees and minister said most decisions should continue to be made by the council but with the oversight of the commissioners who "will uphold proper standards and due process and recommend action to the authority". Perry said: "It does not feel fair and consistent in line with the lower levels of intervention placed on other councils."I will not allow our residents to carry the cost of historic failure. I will not support any proposals that would destroy vital local services or impose further council tax increases above the government cap."Perry also said the council would "engage with the government-appointed team constructively".He added: "We will welcome their advice, challenge, and support, and we will continue to put Croydon's residents at the heart of every decision we make."Croydon Council became the first London borough in two decades to effectively go "bankrupt" back in went on to declare bankruptcy for a third time in November promised to address the borough's £1.4bn debt burden when he was elected in cuts include the closure of four libraries in November 2024 and a restructure of the authority's Youth Engagement tax in Croydon has increased by more than 26% since Conservative-led council attributes its financial problems to a surge in homelessness and social care demand, along with rising costs for children's placements.
Yahoo
14-07-2025
- Business
- Yahoo
Michelle Wai not worried about boss Albert Yeung's financial issues
14 Jul - Despite the issues faced by her boss Albert Yeung in recent months, Michelle Wai recently said that she is confident that all is well with the management company, Emperor Entertainment Group. The actress, who spoke to the media at an event recently, shared that the business tycoon has already reassured her and everybody that everything is being managed well by the company, following news of its financial difficulties. "Emperor Group will begin filming one movie after another, and there are many big productions in the works," she said. Michelle herself will be filming a new drama in two months' time, stating that she is currently using her free time to accompany her husband to Milan for an academic exchange. "It is our first trip after marriage. I said it is a honeymoon, but my husband said it is not really a honeymoon, so I'll wait for him to make arrangements," she added. It was reported earlier this month that Albert Yeung's real-estate development company Emperor International Holding is struggling with debts of HKD 16.6 billion, while losses have more than doubled to HKD 4.74 billion. (Photo Source: Michelle IG, Mingtiandi)
Daily Mail
11-07-2025
- Business
- Daily Mail
Charlotte Dawson proudly showcases her curves in a yellow bikini as she promotes her tanning range amid financial woes
Charlotte Dawson proudly showcased her curves in a yellow bikini on Instagram on Thursday as she plugged her fake tan brand amid her financial difficulties. The mother-of-three, 32, who welcomed baby Gigi Dawson Sarsfield in March, took to social media to promote her Dawsylicious Tanning range. According to documents on Companies House, the reality star's business is facing a £88,000 tax bill and issued an appointment of voluntary liquidation in May. Charlotte co-owns the wholesale clothing and footwear brand with her fiancé Matt Sarsfield. She is also known to have a separate tanning brand, Dawsylicious Tanning. Charlotte promoted the brand in the new clip, where she stood confidently in her garden with a tanning mitt as she performed a hilarious skit from Peter Kay. Using his voice on top of the clip, she mimed: 'Oh it's too warm for me. Oh, oh, I like it warm, but I don't like it this warm. It's too warm, you know. 'You know, there's warm and then there's warm. Oh. I'm sweating cups.' 'When you have to tan outside,' she penned on the video. Charlotte and Matt managed to patch up their relationship last year after the news broke of the former rugby player's sexting scandal. And now the couple, who share sons Noah, four, and Jude, 20 months and daughter Gigi, two months, must face their financial problems together. Documents show the company has £15,000 in assets, reducing her debts to an estimated deficit of £73,300. Since starting the business in May 2020, Dawsylicious has been issued three strike notices, the most recent being in April 2024. Her accounts were due by February 29, 2024 and her confirmation statement was due on June 2, 2024. Both are marked as overdue. Dawsylicious is Charlotte's only limited company listed on Companies House and is described as a wholesale of clothing and footwear. She also has her separate tanning brand, Dawsylicious Tanning. MailOnline have contacted Charlotte's representatives for comment. Back in February Charlotte gave an update on her and Matt's relationship almost six months after Matt was caught sexting another woman. Admitting 2024 was a rollercoaster, she confessed to MailOnline that the couple weren't making time for each other and hadn't been spending quality time together on dates. She explained: 'It was a lot last year and especially being pregnant dealing with all that was quite hard. 'But everything's a lot better now, obviously we've sorted things out and we're really excited to grow our family.' The couple also chose to publicly address the sexting scandal back in December when Matt featured on her podcast The Naughty Corner. As they took a tentative step towards rebuilding the trust, Matt broke down in tears as he admitted he 'massively regrets' the decision and was left 'heartbroken' by his actions. Speaking about his decision to go on the podcast, she explained: 'It was quite a big thing for Matthew. 'He's the hardest guest I've ever had on the podcast because obviously he was very nervous, but we really want to make it work and be a family. 'I think because it was so public, I think that he said it would have helped a lot of couples as well going through the same thing.' Charlotte added: 'I think it was the best thing that we did, just speaking about everything that's the best way to deal with things as well, isn't it? 'I saw a different side to him. He really broke down on it as well which obviously I didn't expect. It was brave for him to do that because he's not like that at all.'
