Credit, Collections & Insolvency News
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…
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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…
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Northern Ireland’s latest Insolvency figures show that there has been a 21.5 percent increase in the number of company insolvencies in the last three months. Company insolvencies in Northern Ireland rose by more than a fifth over the last quarter with 79 firms becoming insolvent from July to September period, according to Insolvency Service figures.…
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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…
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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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The Insolvency Service has published its latest England & Wales insolvency statistics for Q3 2019 (July-September) indicating that underlying corporate insolvencies (seasonally adjusted) rose by 0.4% in Q3 2019 compared to Q2 2019, and rose by 1.6% compared to Q3 2018. There were 4,355 total company insolvencies in England and Wales which was 0.4 per…
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Sales on credit are on the up despite the prevailing economic challenges as UK businesses strive to appear more attractive to potential customers, reveals the latest economic report by trade credit insurer Atradius. The Western Europe Payment Practices Barometer research report by Atradius found offering credit was being used by UK firms as a tool…
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Accountant in Bankruptcy (AiB) has released official statistics reporting company insolvencies in Scotland for the second quarter (July to September 2019) of 2019-20. The number of Scottish registered companies becoming insolvent or entering receivership increased slightly in the second quarter of 2019-20, with 235 companies becoming insolvent compared with 232 in the same quarter of…
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International accounting and advisory firm Mazars has published a study canvassing public opinion on the UK economy and the audit system The study indicates that the public strongly supports audit reform, with nearly two-thirds (62%) stating that they don’t have trust in the current audit system to provide independent and accurate assessments of a company’s…
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681,000 UK individuals and businesses are so far behind on their tax bills that they have been forced to reschedule their payments with HMRC, research UHY Hacker Young shows. Taxpayers are able to reschedule their tax payments with HMRC by agreeing ‘time to pay’ arrangements. These allow taxpayers to pay their taxes over a longer…
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The Federation of Small Business (FSB) is calling on Sajid Javid to bring forward radical interventions to address an unprecedented long-term slump in small business confidence, slowing economic growth and a widening trade deficit when he publishes the 2019 Autumn Budget on 6th November. Writing to the Chancellor, the group calls for a major reduction…
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The Office for National Statistics (ONS) data has shown that UK retail sales were flat last month after a decline in August, with volumes in the three months to September up 0.6% on the previous quarter. An increase in online sales in July was largely responsible for the growth. Sales were up 3.1% year-on-year in…
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New research from Begbies Traynor has revealed that numbers of businesses in significant1 financial distress has increased 40% in the three years since the EU referendum, affecting 489,000 UK businesses with the real estate and property, construction, retail and travel sectors the most severely affected. The latest data for Q3 2019 found that a large…
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