Credit, Collections & Insolvency News
Latest figures from Accountant in Bankruptcy (AiB) have shown that business insolvencies in Scotland fell slightly in June 2024. In June 2024 there were 109 business insolvencies registered in Scotland, 4% lower than the number in June 2023. The insolvencies comprised of 60 CVLs, 43 compulsory liquidations and six administrations. There were no CVAs and no receivership…
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Latest monthly statistics from the Insolvency Service have shown that business insolvencies increased, whilst personal insolvencies fell in Northern Ireland in June 2024. In June 2024 there were 17 business insolvencies registered in Northern Ireland, this was 13% higher than in June 2023. The insolvencies comprised of eight compulsory liquidations, seven CVLs, one CVA and one administration.…
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Phone, broadband and pay-TV companies are to be banned from imposing mid-contract price increases linked to inflation following a new crackdown announced by the Ofcom. Under the new consumer protection rules telecoms customers must be told upfront in pounds and pence about any price rises their provider includes in their contract,. Ofcom says that in…
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Analysis of the latest insolvency statistics by RSM UK has found that the construction industry experienced the highest number of insolvencies in the 12 months to May 2024, reaching a total of 4,287. Overall data for June 2024 showed that the number of registered company insolvencies in England and Wales was 2,361, 16% higher than…
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Data driven technology company Connected Data has announced the appointment of Richard Mason, who has joined the team as Customer Success Manager. Mason brings with him 30 years of working in the regulated banking and data industry for FTSE 100 businesses. Focused on the effective use of data and analytics, his knowledge and experience have help him deliver…
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Latest monthly figures from the Insolvency Service for England & Wales have indicated that personal insolvency figures increased by 11% in June 2024 with a total of 10,395 personal insolvencies registered when compared to last month. Personal insolvency data consisted of 651 bankruptcies, 4,383 debt relief orders (DROs) and 5,361 individual voluntary arrangements (IVAs). The…
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Latest figures from the Insolvency Service have shown that there were 2,361 business insolvencies in England & Wales in June 2024, 16% higher than in May 2024 (2,040) and 17% higher than the same month in the previous year (2,016 in June 2023). The insolvencies consisted of 302 compulsory liquidations, 1,866 creditors’ voluntary liquidations (CVLs),…
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