Credit, Collections & Insolvency News
The European Parliament has published a new report on Late Payments. The report, drafted by Member of the European Parliament Lara Comi, is based on statistics from European credit management specialist Intrum’s European Payment Report 2018, and takes into account important findings of the yearly study. In response to the new report Intrum has said…
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Administration notices have been issued and advertised in the London Gazette for the following companies: 786 MAGAN CAREHOMES PRIVATE LTD A1 ALPHA PROPERTIES (LEICESTER) LTD ACROBAT CARBON SERVICES LTD AIRHOP LTD ALDD LTD ALFORM EXTRUSIONS LTD ALL LIQUID DRINKS DISPENSE LTD AREMCO INDUSTRIES LTD ASTRACAST INTERNATIONAL HOLDINGS LTD ATTERBURY UK LTD AVARA AVLON PHARMA SERVICES LTD…
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Winding up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: 008 IMPORTS LTD 3 AD 3 LTD 7 WIRE ELECTRICAL LTD ABACUS MICRO LTD ABOUT THE HOUSE ROOFING LTD ACTIVE DEMOLITION SERVICES LTD ADN TRANSPORT LTD AFFILIATETRACTION UK LTD ALBERO BUILDERS LTD ALLSCAFF (SW) LTD ANOTECH (LEICESTER) LTD…
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There was an almost 30 percent increase in the number of adverse county court judgments against incorporated businesses in England and Wales in 2018, according to figures released by Registry Trust. The number of CCJs against incorporated businesses was up by 27 percent at 93,534, though this was counterbalanced by a fall in judgments against…
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Ahead of the Spring Statement next month, the Federation of Small Businesses (FSB) has announced a ‘Fair Pay, Fair Play ‘ campaign as it calls on Government to enlist the help of Non-Executive Directors to help strengthen payment enforcement and adopt Project Bank Accounts in public procurement, as three key reforms that will help end the…
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Lenders could find it much harder to enforce cross border debts in the event of a no deal Brexit, RSM has warned. Currently, European regulations facilitate the collection of cross border debts within the EU, notably through the use of European Enforcement Orders. These allow a judgment in one member state to be enforced in…
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The number of restaurants in Scotland going insolvent last year increased by 86.3% according to new analysis of the sector by accountants and business advisers firm French Duncan. The firm has analysed official Insolvency Service statistics and found that annual restaurant failures increased from 73 in 2017 to 136 in 2018 which is equivalent to…
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Winding up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: 247 LOGISTICS LTD 2M PRINT LTD 4SPORTS & ENTERTAINMENT UK LTD 7DIGITAL TRADING LTD 88 75 LTD A D REMOVALS (WIGAN) LTD A. LYTHE BUTCHERS LTD ABBEY CONSTRUCTION DESIGN & BUILD LTD ABC LEGAL LTD ACCESS CORPORATE LTD…
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Administration notices have been issued and advertised in the London Gazette for the following companies: 6TH GEAR EXPERIENCE LTD AL UMMAH LTD ALUMINIUM R.W. SUPPLIES LTD AMSPHERE LTD APPLE PANELS LTD APPLEGARTH DENE LTD ARDOR BIOMASS LTD ARDOR ENERGY HOLDINGS LTD ARJO WIGGINS FINE PAPERS LTD ARJOBEX LTD ARJOWIGGINS CHARTHAM LTD ARJOWIGGINS SOURCING LTD AW UK…
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The number and total value of small claims judgments in Northern Ireland dropped in 2018 compared to the previous year, but still show a marked increase on 2016’s record lows. There were 8,021 small claims judgments in 2018, eight percent fewer than in the previous year. The total value dropped by 13 percent to £17.1million,…
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The total number of judgments in 2018 against Irish businesses is at a record low, with business debt down 15 percent on last year. For the seventh consecutive year, the number of business judgments issued declined; 575 judgments were registered in 2018, a record low. Compared to 2017, the total value of business judgments fell…
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The total value of decrees against Scottish businesses rose in 2018 compared to the previous year. But the total value of decrees against companies – the generally larger incorporated businesses – dropped to the lowest annual figure on record, according to figures released by Registry Trust. There were 3,057 decrees issued against businesses in Scotland during…
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Latest figures published by construction association, Build UK, show that its members have made a slight improvement in payment performance within the past six months. However, in its latest pay performance construction payment leagues, it indicates that no build UK major contractor members are reported as paying their bills within 30 days. The average time taken…
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