In May, the following administration notices have been issued and advertised in the London Gazette for the following companies: ABERDEEN BERRY STREET CENTRE LTD AIM CONSTRUCTION & DEVELOPMENT LTD ALFA PRECISION AND GENERAL ENGINEERING COMPANY LTD ALTURA 10 SCAFFOLDING LTD AM 2 PM RETAIL SERVICES LTD APPPAY UMBRELLA LTD AQUA ITALIA LTD ARBORETUM DEVON (RLH)…

Winding up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: 15 GREENWOOD PARK LTD 1ST CHOICE CAKES LTD 1ST LINE FINANCIAL LTD 30 HARLEY HOUSE LTD A A HOMES & HOUSING LTD A TO Z SCENERY LTD A.G. AXTON & SONS (WHOLESALE) LTD AA BUILDING SOLUTIONS LTD ABBOTSGATE…

It has been announced that from 1st June, the process for complaining about enforcement agents (bailiffs) will be streamlined.  The Civil Enforcement Association (CIVEA) will no longer review complaints on behalf of its members. With CIVEA no longer involved, all complaints about enforcement agents acting on behalf of local authorities will go straight to the…

Dun & Bradstreet’s 2019 Global Bankruptcy report has revealed that business failures have declined globally, despite increased economic challenges. However, with global economic challenges on the rise, most regions are forecasted to grow more slowly than in 2018, with the number of business failures forecast to increase in the coming months. Forty-nine percent (49%) of…

Celebrity chef Jamie Oliver’s British restaurant chain filed for bankruptcy protection on Tuesday, mainly due to increased competition and escalating rents in local commercial districts according to reports. The insolvency will leave 1,000 people out of work. Oliver wrote on Twitter “I’m devastated that our much-loved UK restaurants have gone into administration, I am deeply…

New research by fraud investigation technology provider HooYu has identified loopholes at Companies House that enables individuals to register as a director, to run businesses and to enable fraud and money laundering, even after they have been struck-off from holding company directorships. The analysis also uncovered over 500 so-called “chameleon” directors who have been disqualified…

People are at risk from fraudsters masquerading as enforcement agents (bailiffs) and small businesses are a popular target, according to the civil enforcement industry’s trade body Civil Enforcement Association (CIVEA). The warning comes after CIVEA identified cases of fraudsters using the government’s public register of enforcement agents to demand payments for bogus government debts. The…

Credit Insurance specialist Euler Hermes has issued its annual review and forecast of global average Days Sales Outstanding (DSO), based on a sample of 25,000 listed companies across 20 sectors and 36 countries. Days Sales Outstanding (DSO) is a measure of how long it takes companies to collect cash from customers. Euler Hermes’ study shows…

There was a 12 percent increase in the number of county court judgments against all businesses in England and Wales in the first quarter of 2019, according to figures released by the Registry Trust. The total value of the 35,779 business CCJs was £107.2million, a rise of six percent compared to the same period of…

Commenting on the Appointment Administrations from April 2019 Insolvency analyst Geoff Swire from geoffswire.co.uk said “Without any one month being exceptional the Q1 2019 produced the highest number of Administrations (428) since 2014.  Members Voluntary Liquidations (MVLs) and Creditors’ Voluntary Liquidations (CVLs) have both seen their usual uptick at this time of the year but…

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