The number of insolvencies of pub and bar companies has increased by 13% to 530 in the last year (year-end September 30, 2019) up from 470 the previous year according to new UHY Hacker Young research. The research shows that this is the third successive year in which pub company insolvencies have increased. This is…

Nine out of 10 business owners across construction suffer a range of mental health issues due to payment and other business pressures, according to a survey run by leading engineering services trade bodies BESA and ECA. The new survey, conducted in association with 25 other construction trade bodies, found that business owners have an array…

Declining turnover is often identified as the initial sign of corporate distress, but a new study from Euler Hermes shows it is not as reliable as it seems. Euler Hermes’ study highlights three other indicators that can provide warning signs up to four years before an acute insolvency risk for European small and medium enterprises (SMEs)…

High Court Enforcement Agencies have been incorrectly charging VAT on top of their fees to debtors according to research by Just Digital Marketplace. Efforts to obtain clarification on the correct approach were led by the firm. Just says that it sought advice from the VAT barrister, Melanie Hall QC, of Monkton Chambers and then consulted…

Twenty firms – including IBM and Unilever – have been suspended from the Prompt Payment Code for failing to pay suppliers on time, the Chartered Institute of Credit Management (CICM) have announced. Diageo, GlaxoSmithKline and Kier businesses are also among those that have failed to honour their Code commitment to pay 95% of all supplier…

In October, the following administration notices have been issued and advertised in the London Gazette for the following companies: A.G. MAJOR. ENGINEERING SOLUTIONS LTD AAA LINEN LTD ANDREW JAMES UK LTD ASPENLINK LTD ASTONBROOK CARE HOLDINGS LTD AXA BUILD & MAINTENANCE LTD BARNSLEY BODY SHOP LTD BARRY WOOD PLANT HIRE LTD BATH & WEST DEVELOPMENTS…

Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in October: 07435922 LTD 4-INTERIOR LTD A & B RICKERBY LLP A G HALL LTD A II D SOLUTIONS LTD A.R. TRADING SOLUTIONS LTD ACM SURVEYS LTD ACQUISITION 395445638 LTD AFFINITY ESTATE AGENTS LTD AGENTIS SOLUTIONS…

In October, Winding Up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: 05225677 LTD 3T PROJECTS & DEVELOPMENTS LTD A A A SELF STORE LTD A P BUILDING SERVICES (UK) LTD A S ROOFING (SOUTH EAST) LTD A.R. COMPANY (MANCHESTER) LTD ABS GROUP SOUTH LTD ADEPT AGENCY LTD…

New data published analysis shows that there has been no let-up in the number of retail businesses entering insolvency, with 1,252 insolvencies in the sector in the last year, up from 1,232 the year before says RPC, the City-headquartered law firm. Insolvencies in the sector have hit a five-year high and are 31% higher than…

The Treasury Committee has published a unanimously-agreed report on the Impact of Business Rates on Business. The Government must explain whether it is deliberate that, since Business Rates were introduced in their current form in 1990, the revenue they have generated has outpaced inflation. Throughout this inquiry, the Committee has been told that Business Rates…

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