Latest news with #DRO
The Independent
a day ago
- Business
- The Independent
Personal insolvencies 5% higher in May than same month of 2024, figures show
The number of people going financially insolvent across England and Wales in May was 5% higher than the same month in 2024, according to Insolvency Service figures. In May 2025, 10,014 people entered insolvency, including bankruptcies, debt relief orders (DROs) and individual voluntary arrangements (IVAs), a total which was broadly unchanged compared with 10,060 insolvencies in April 2025. The Insolvency Service said DRO numbers have remained similar to the record high levels seen over the past 12 months, with 3,783 cases recorded in May. The report said: 'DRO numbers have been at record high monthly numbers since the abolition of the upfront £90 fee in April 2024, with the 45,802 DROs in the past 12 months being nearly twice as high as the long-term annual average.' In June 2024, DRO eligibility was expanded. The debt threshold was increased from £30,000 to £50,000 and the allowable value of an exempt motor vehicle was increased from £2,000 to £4,000. IVA numbers this year so far have remained in line with monthly averages seen last year. The report added: 'The 5,583 IVAs registered in May 2025 was similar to April 2025 and 13% higher than in May 2024.' With 648 cases recorded, bankruptcy numbers were 4% higher than in May 2024, but remained at less than half of pre-2020 levels. In addition to the formal insolvencies, there were 7,805 'breathing space' registrations recorded under the Debt Respite Scheme in May 2025 – 2% higher than in May 2024. Of the breathing space registrations, 7,684 were standard breathing space registrations and 121 were mental health breathing space registrations. The scheme gives people with problem debt a period of protection from their creditors, enabling them to access professional debt advice, without the stress caused by spiralling debt and looming enforcement action. A standard breathing space gives people with problem debt legal protections from creditor action for up to 60 days. A mental health crisis breathing space is available to those receiving mental health crisis treatment. It lasts as long as the person's mental health crisis treatment, plus 30 days. Households faced various bill increases in April, putting an additional strain on some people's finances. The number of company insolvencies in England and Wales was 2,238 in May 2025 – a 15% jump compared with May 2024. Monthly company insolvency numbers in the first five months of 2025 were slightly higher than in 2024 and at a similar level to 2023, which saw a 30-year high annual number of insolvencies, the Insolvency Service said. The company insolvency rate remains much lower than the peak of 113.1 per 10,000 companies seen during the 2008-09 financial downturn, the report said, adding: 'This is because the number of companies on the effective register has more than doubled over this period.'
The Hindu
2 days ago
- Politics
- The Hindu
Thoothukudi Collector's absence at grievances redress meeting irks farmers; stage sit-in protest
Farmers from Thoothukudi district staged a sit-in protest at the Collectorate on Thursday (June 19, 2025), following the absence of the District Collector at the monthly grievances redress meeting. The meeting, which was presided over by District Revenue Officer (DRO) A. Ravichandran witnessed a brief commotion, when a section of farmers sat on the floor of the meeting hall, raising concerns about the absence of the District Collector. The DRO explained that senior officials had arrived in Tiruchendur regarding the consecration ceremony of the temple and this had prompted the Collector to attend their visit. However, the farmers argued that the meeting must be conducted under the leadership of the District Collector and claimed that any proceedings without the Collector would be ineffective. They also pointed out the absence of Revenue Divisional Officers (RDO's) of Kovilpatti, Tiruchendur and Thoothukudi and noted that divisional-level grievance meetings had not been conducted for the past two months. The DRO assured that RDO's would be instructed to attend all future meetings, and directed the officials to ensure that the divisional-level meetings are conducted regularly. Meanwhile, another section of farmers urged that the meeting should continue. This led to a brief commotion and officials tried to pacify the agitated farmers. Despite the efforts to calm the situation, the agitation continued. The officials further contacted the Collector, who spoke to one of the farmers over the phone and it helped to diffuse the situation. The meeting resumed after a delay of 45 minutes. At the meeting, the farmers raised several key demands which included an integrated plan to control weeds in agricultural lands and measures for the distribution of relief assistance to crops affected by the 2024 monsoon. They demanded that milk producers be paid fair and fixed price and wage of the employees at the milk producers cooperative society to be increased. Farmers from Kulathur and Sivagnanapuram sought insurance compensation for shallots crops for the 2023-2024 season to be released. Additionally, they called for a Forest Extension Centre in Sathankulam, proper water flow to the tail end of the Korampallam tank and strengthening of the bunds along the 'Uppar' canal. They also demanded the speedy completion of works at Maruthur 'Melakaal' canal. Addressing the grievances, the DRO said that a subsidy of ₹800 is currently being provided for farmers for summer ploughing and for weed control measures. He added that flood damage assessments have been completed and that necessary audit work have also been finalised for the distribution of relief funds. The Forest Extension Centre at Sathankulam would be inspected and necessary action would be taken accordingly, noted Mr. Ravichandran. He further said that subsidised chilli and jasmine saplings would be distributed through the Horticulture Department.
Barnama
4 days ago
- Business
- Barnama
PETRONAS Boosts Malaysia's Energy Security With Award Of PSC For Temaris Cluster Small Field Asset
KUALA LUMPUR, June 17 (Bernama) -- PETRONAS, through Malaysia Petroleum Management (MPM), has awarded the Temaris Cluster Small Field Asset Production Sharing Contract (SFA PSC) to Seascape Energy Asia (One) Sdn Bhd, a wholly owned subsidiary of Seascape Energy Asia plc (Seascape). Located in the Malay Basin offshore Peninsular Malaysia, the Temaris Cluster comprises the Tembakau and Mengkuang gas fields. This marks the second SFA PSC awarded from the three Discovered Resource Opportunities (DRO) clusters offered under the Malaysia Bid Round 2025 launched earlier this year.
Hans India
05-06-2025
- Politics
- Hans India
Implement Vishwakarma scheme in full: BJP
Khammam: A petition was submitted by BJP ranks led by district president Nelluri Koteswara Rao to district revenue officer (DRO) Padmaja demanding that the Vishwakarma scheme, which was undertaken by the Central government, be fully implemented. Speaking on the occasion on Wednesday, Rao demanded that allowances be provided to artisans belonging to 18 categories along with training and a loan of Rs 1 lakh be sanctioned after the completion of the training. He expressed concern that training centres should be set up at all parts of the district. 'The scheme is not being implemented due to the negligence of bankers,' he alleged. Rao appealed to relevant authorities to monitor and establish training centres and take steps to ensure that bankers do not act negligently in granting loans. He also expressed concern that only Rs 50,000 was sanctioned out of the bank loan of about Rs 1 lakh, which was supposed to be sanctioned, and the beneficiaries were not given enough funds to give up the skills they learned during the training. He said that more than 11,000 candidates applied across the district, but not even half of them were selected, and that the authorities should still pay attention and select all the eligible candidates and provide them with training, as well as grant them tool kits, training allowances and loans.
Yahoo
01-06-2025
- Business
- Yahoo
DroneShield (ASX:DRO) shareholder returns have been enviable, earning 874% in 5 years
For many, the main point of investing in the stock market is to achieve spectacular returns. While not every stock performs well, when investors win, they can win big. Just think about the savvy investors who held DroneShield Limited (ASX:DRO) shares for the last five years, while they gained 874%. If that doesn't get you thinking about long term investing, we don't know what will. On top of that, the share price is up 71% in about a quarter. We love happy stories like this one. The company should be really proud of that performance! The past week has proven to be lucrative for DroneShield investors, so let's see if fundamentals drove the company's five-year performance. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. Given that DroneShield didn't make a profit in the last twelve months, we'll focus on revenue growth to form a quick view of its business development. Shareholders of unprofitable companies usually desire strong revenue growth. As you can imagine, fast revenue growth, when maintained, often leads to fast profit growth. In the last 5 years DroneShield saw its revenue grow at 56% per year. That's well above most pre-profit companies. Fortunately, the market has not missed this, and has pushed the share price up by 58% per year in that time. It's never too late to start following a top notch stock like DroneShield, since some long term winners go on winning for decades. On the face of it, this looks lke a good opportunity, although we note sentiment seems very positive already. The company's revenue and earnings (over time) are depicted in the image below (click to see the exact numbers). If you are thinking of buying or selling DroneShield stock, you should check out this FREE detailed report on its balance sheet. It's good to see that DroneShield has rewarded shareholders with a total shareholder return of 17% in the last twelve months. Having said that, the five-year TSR of 58% a year, is even better. Potential buyers might understandably feel they've missed the opportunity, but it's always possible business is still firing on all cylinders. It's always interesting to track share price performance over the longer term. But to understand DroneShield better, we need to consider many other factors. Case in point: We've spotted 1 warning sign for DroneShield you should be aware of. If you are like me, then you will not want to miss this free list of undervalued small caps that insiders are buying. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Australian exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
