Credit, Collections & Insolvency News
Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in April: 11:11 MEDIA LTD 19TEN LTD 29TEN FITNESS LTD 312 SW3 LTD 360COMPUTING LTD 3MILES LTD 6CATS UK LTD. A LISTER TRANSPORT 80 LTD A ONE PRO STYLE LTD A SLIM LTD A W LEWIS…
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In April, Winding Up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: ACCUTOR LTD ALL2020 LTD ASSEGAI DESIGN AND BUILD LTD BERRY BROW CONVENIENCE STORE LTD BOHEMIA WORLD TRADING LTD CITYWIDE ELECTRICAL SERVICES LTD COUNTER SOLUTIONS U.K. LTD DWHA LTD EESA &CO LTD EUROPA CLUB LTD FORD NEWS…
Read moreAhead of submitting its formal evidence, UKHospitality has written to the Government urging it to adopt its proposals to help tackle the £2.5 billion rent debt crisis that threatens to wreck the hospitality sector’s recovery and risks further widespread job losses. For more than a year, the trade association has been highlighting the existential threat…
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The Covid-19 pandemic has wiped a staggering £80.8bn off hospitality’s sales in just 12 months, the latest edition of the UKHospitality Quarterly Tracker with CGA reveals. The Tracker shows sales from the start of April 2020 to the end of March 2021 totalled £46 billion, down by 64% on £126.8 billion in the previous 12…
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The Insolvency Service has released its latest Quarterly business insolvency for England & Wales, figures which have indicated that there were 2,384 seasonally adjusted corporate insolvencies in Q1 2021, a reduction of 21.9% compared to Q4 2020’s figures of 3,053 and a fall of 38.3% compared to Q1 2020 (3,863). Colin Haig, President of insolvency and…
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UK quoted companies issued 50 profit warnings in Q1 2021, an 83% decrease from the 301 warnings recorded in Q1 2020 according to a latest report from EY-Parthenon’s which indicated the biggest year-on-year percentage fall in UK profit warnings on record. Profit warnings were pushed to record levels in Q1 2020 at the onset of…
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The number of delayed invoices owed to small businesses in the last 12 months , which, on average, totalled a staggering £130,445.05, will continue to hinder their recovery in the second half of this year, according to survey data from Dun & Bradstreet. The survey which polled 753 small businesses in the UK also found…
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County Court Judgments (CCJs) against businesses in England and Wales fell by 55 percent from 33,518 in Q1 2020 to 15,210 in Q1 2021, according to figures released by Registry Trust. Numbers are up 20% from the recent low seen in Q2 2020 but have ranged around the 15,000 mark for the past three quarters.…
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The number of decrees registered against Scottish businesses during the first Quarter of 2021 fell by over 40% according to latest Registry Trust data. The number of decrees against Scottish businesses fell from 722 to 434. The total value fell by 27 percent from just under £3 million to £2.2 million. The average value rose…
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The number of debt judgments registered against Northern Ireland businesses in the first Quarter of 2021 fell by 42% according to the latest Registry Trust figures. The number of judgments registered in Q1 2021 was just 152, compared to 261 in Q2 last year, a fall of 42 percent. The total value of judgments against…
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SME leaders believe it will take on average 12 months for their businesses to regain lost revenue caused by the Covid-19 pandemic, according to research revealed today by Nucleus Commercial Finance. Over half a million SMEs (590,000) say it will take between 10-12 months to make up the lost revenue caused by Covid-19 and 1.6…
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The latest Red Flag Alert research for Q1 2021 has recorded 723,000 businesses in ‘significant financial distress1’ after the largest numerical quarterly leap (93,000) recorded in the research since its new version was launched in 2014. The 15% increase (from 630,000 in Q4 2020) comes as the UK starts its exit from lockdown. This newly…
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Latest figures from the Insolvency Service have indicated a 44% rise in business insolvency rates across England & Wales. Business insolvencies in England increased by 44.8% to 992 in March 2021 compared to February’s figure of 685 and were 19.7% lower than March 2020’s figure of 1,236. The number of business insolvencies in March 2021…
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