Credit, Collections & Insolvency News
Ofgem has announced that it has appointed five New Non-Executive Directors. Responsible for bringing independent oversight and support, the new Non-Executive Directors will help guide Ofgem’s work on current and future challenges – from restoring resilience in the energy market to maintaining progress towards the UK’s net zero goals. The 5 appointees, who take up their…
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Latest figures from Accountant in Bankruptcy (AiB) have indicated that Scottish business insolvency numbers (liquidations and receiverships) decreased in September. The figures showed that. in September 2023 there were 87 business insolvencies registered in Scotland, which was 16% lower than the number in September 2022. The insolvencies comprised of 30 compulsory liquidations, 52 CVLs and five…
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Latest monthly statistics from the Insolvency Service have indicated that Northern Irish business insolvencies have risen. In September 2023 there were 37 business insolvencies registered in Northern Ireland, 68% higher than September 2022. The business insolvencies comprised of nine CVLs, 25 compulsory liquidations, one administration and two CVAs. There were no receivership appointments. In September 2023…
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Latest figures from the Insolvency Service have shown that the number of business insolvencies in England & Wales for September 2023 increased by 17% when compared to last year. The number of registered business insolvencies was 1,967, compared to 1,688 in September 2022. Of the registered business insolvencies in September 2023 there were 1,576 CVLs,…
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Latest monthly figures from the Insolvency Service for England & Wales have indicated that personal insolvency numbers fell 27% in September 2023 when compared to August last year. The total number of insolvencies in September 2023 was 7,271, 27% lower than in the same month in the previous year (10,024 in September 2022). Personal insolvencies…
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Debt-laden companies across Europe, Middle East and Africa are facing a $500bn refinancing scramble in the first half of 2024. This challenge could lead to the demise of many zombie businesses, despite the expected peak in interest rates offering some relief. The value of company loans and bonds maturing during this six-month period is higher…
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Before you flip the page to the next article, don’t worry, as a business, we understand that the debate and discussions about the importance of consumer duty have already taken place. We also understand that, just like Zinc, many of you reading this will now be in a position to say that you are Consumer…
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