Hughes & Hughes has gone into liquidation with debts estimated at €15m, according to a report in the Irish Times.

Hughes & Hughes owes about €9m to its only secured creditor, Ulster Bank, which appointed a receiver to the company in February. But it also owes more than €6.4m to unsecured creditors,...

There have been "almost 100 expressions of interest" in buying Reader's Digest UK with 30% of approaches interested in the whole business.

Phillip Sykes, head of corporate advisory services at Moore Stephens, said:  "We have sent information memoranda and process letters to some 25 potential purchasers and have...

Reader's Digest Association UK has filed for administration after its board decided that it was financially unable to meet the obligations of its underfunded pension scheme and could not sustain its own operations. It employs 117 employees.

Its parent the Reader's Digest Association had been trying to work on a deal to come out...

Borders UK’s unsecured creditors could receive as little as 1.5p in the £1, with just £600,000 ring-fenced to pay what is estimated to be in excess of £40m-worth of debt.

Publishers, who were confident of having their £10.8m debts largely repaid in full last year, have so far received £2.2m due to...