Engineering firm appoints administrators
Troubled engineering group Cosalt announced yesterday it was in administration.
joint administrators
Creditors of Consafe owed nearly £4.5m
Aberdeen-based offshore accommodation specialist Consafe Engineering Services collapsed with debts of more than £4million, it emerged yesterday.
Bidder found for Sovereign operations
Hopes are rising for the future prospects of the 400 people who work for troubled Aberdeen-based Sovereign Oilfield Group.
Hope for failed oil firm’s unsecured creditors
UNSECURED creditors of Tuscan Energy (Cragganmore) are likely to get at least some of their money back, joint administrators for the firm have revealed.
Unsecured creditors of ONS could lose their money
Unsecured non-preferential creditors of oil company Oilexco North Sea (ONS) may not get any of their money back, it emerged yesterday.
Offers for oil group now being considered
MANY parties are interested in acquiring the whole of Oilexco North Sea (ONS) and its assets, according to administrators at Ernst and Young (E&Y).