Credit, Collections & Insolvency News
Deloitte’s latest CFO survey found more than half of UK finance chiefs have seen a full recovery in demand – or expect to by the end of the year – while more than three quarters now expect rises in capital expenditure. The survey found that spending by UK businesses is set to surge in the…
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The number of corporate insolvencies seen across the UK more than halved during the first six months of 2021, as the array of government Covif-19 support measures and a supportive lending community continued to help businesses trade their way through the pandemic. Analysis of notices in The Gazette by Interpath Advisory reveals that a total…
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Business confidence jumped in June to its highest point since 2005, as businesses look ahead to the lifting of lockdown restrictions later this month, according to the latest Business Trends report from accountancy and business advisory firm BDO. The BDO Optimism Index moved 2.74 points from 109.71 in May to 112.45 in June, marking the fifth consecutive month…
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Growing businesses are led by leaders that know about and regularly talk about, technology, according to new findings from Thoughtworks. Surveying 969 CEOs and CIOs across 12 different countries, the research revealed that among businesses that anticipated growth in 2021, three-quarters (74%) were led by leaders that kept fully up-to-date with the latest technology developments,…
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Businesses were supported through the pandemic with nearly £80 billion of emergency government-backed loans, final figures published by HM Treasury have revealed. Over 1.67 million loans have been provided, protecting millions of jobs and livelihoods across the UK at a time of unprecedented uncertainty and crisis. Government-backed loan schemes have supported businesses of all sizes…
Read moreIn June the following administration notices have been issued and advertised in the London Gazette for the following companies: ADRIAN POOLE & SONS INTERNATIONAL LTD AF BIOMASS LTD ALEXANDERS DISCOUNT LTD ARDLEIGH COMMERCIAL PROPERTIES LTD ARTISAN H (KINGS WATERFRONT) LTD BETINDEX LTD BH PRECISION LTD BIRMINGHAM CROSSWAYS HOUSE CENTRE LTD BULSATCOM INVESTMENT LTD BULSATCOM UK…
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Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in June: 3LION VENTURES LTD A & A RESTAURANTS (LS11) LTD A S FASHION (LEIC) LTD A.S CAPITAL INVESTMENTS LTD A.S.F. SUNDRIES LTD AA PLUMBING AND DRAINAGE SERVICES LTD ACDC+ ELECTRICALS LTD ACES HOLDINGS LTD ACG…
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In June, Winding Up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: 1ST E LTD AEQUITAS PACKING (UK) LTD AJ&L LTD ANCESTORS OF DOVER LTD ATPLEDGE LTD BOLBEC HALL LTD BOROUGH RESIDENTIAL DEVELOPMENTS LTD CAMCO ESTATES LTD CHERHIL LTD CHICKEN EXPRESS LTD CRESCERE INVESTMENTS LTD CRYPTOWARE SOLUTIONS LTD…
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Nearly half of SME businesses (46%) contemplated closure in 2020, whilst now only 1% are considering closing their business this year according to research by Purbeck Personal Guarantee Insurance. The research survey of owners and directors of UK showed that further lockdowns is the number one worry for the SMEs but 53% are cautiously optimistic…
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New figures from HMRC show that close to one in three employers will be hit by changes to the furlough scheme from today, the same moment at which repayments of deferred VAT start to fall due and business rates exemptions for hardest-hit firms are lost. A wider ONS business survey, also released today, shows that…
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New research from Metro Bank has shown that only four in ten (39%) SMEs have witnessed an increase in revenue since the easing of lockdown on 17th May. With the Government’s 100% business rate relief ending on 1st July, many small businesses are calling for an extension to the deadline The 100% business rate relief…
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Analysis of official data by real estate advisers Altus Group shows that companies owe English local authorities almost £2.5 billion in unpaid business rates, with the pandemic and subsequent restrictions driving up debt piles. The increase in rates arrears comes despite the Government offering retail, leisure and hospitality companies a rates holiday since the onset…
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Firms anticipating higher employment in the year ahead reached its highest level since December 2018, with the net balance climbing 3 points to 17% according to the Lloyds Bank Business Barometer. This is the fifth consecutive increase, rising strongly from the -12% level in January and reflecting the fact that more than a third of…
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