UHY Hacker Young has announced the expansion of its Manchester office by welcoming a new partner to its leadership team. Tracey Pye has been appointed turnaround and recovery partner. Pye has run her own consultancy and was previously a business restructuring partner at Top 10 accountancy firm BDO LLP. Pye specialises in corporate restructuring and insolvency.…

Administration notices have been issued and advertised in the London Gazette for the following companies: 1313 BATH LTD 25 W2 LTD 4FIBS LLP ACCIDENT ADVICE SOLICITORS LTD ACTON COACHWORKS(SPORTS CARS) LTD ALCHEMY COATINGS LTD ANACO SYSTEMS LTD ANGUS CEREALS LTD APS DEVELOPMENTS LTD ARMOUR CONTRACTS LTD ASCOT LAWYERS LTD AURELIA (RESTAURANT) LTD AWH UTILITY SERVICES LTD…

Winding up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: 101 ARTISTS LTD 1ST CHOICE BUSINESS SOLUTIONS LTD 36 SCARBOROUGH AVENUE LTD 36415201 LTD 4FIBS LLP A & W ROOFING SERVICES LTD A LEECH LTD A S BURNS LTD A-CLASS ASPHALTING LTD A.C.T DAMP & RENOVATIONS LTD ACQUISITION…

The number of debt decrees registered against Scottish businesses rose sharply during the first half of 2018, according to the latest figures released by the Registry Trust. There were 1,573 decrees issued against all businesses in Scotland during Q1 and Q2 2018, 31 percent more than during the same period of the previous year. A massive 64…

The number of business debt judgments registered in the Republic of Ireland has decreased, according to the latest figures released by Registry Trust. A decrease in the volume of business judgments, coupled with a 16 percent drop in the average judgment’s value led to a 39 percent fall in the total value of business judgments. The…

Customer late payment continues to hamper the growth of small subcontractors working in the UK construction sector, according to new research by Bibby Financial Services and the Vinden Partnership. Bibby Financial Services research entitled ‘Subcontracting Growth 2018’, revealed that 60 per cent of subcontractors in the UK had suffered from bad debt in the last 12…

The Insolvency has published the latest business insolvency figures for England and Wales which indicate that total the underlying number of insolvencies decreased in Q2 2018 but was higher than the same quarter in 2017. The Insolvency Service says this was driven by falls in compulsory liquidations, administrations and underlying creditors’ voluntary liquidations.  Corporate insolvencies…

Iresa, an energy supplier with less than 100,000 domestic customers, has ceased trading. The energy supply of Iresa customers will continue as normal, and their outstanding credit balances protected under Ofgem’s safety net. Ofgem has announced that it will choose a new supplier to take on Iresa’s customers. This supplier will contact these customers individually…

Recovery firm Andrew Wilson & Co has announced that it will increase the High Court Enforcement Officers (HCEO) team from two to five. Kelly Cookson, 34, Eric Roe, 25 and Joe Hanlon are on course to become three of the youngest High Court Enforcement Officers (HCEO) in the country. High Court Enforcement Officers are authorised by…

Accountant in Bankruptcy (AiB) has released its latest official statistics reporting company insolvencies in Scotland for the first quarter (Q1) of 2018-19 and final statistics for the 2017-18 financial year. The results show that the number of corporate insolvencies in Scotland fell by 5% in Q1 2018-19 (April-June 2018) compared with Q4 2017-18 (January-March 2018),…

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