Credit, Collections & Insolvency News
Administration notices have been issued and advertised in the London Gazette for the following companies: 07200375 LIMITED 36 ST. JOHN’S WOOD ROAD LTD A-BELCO (HOLDINGS) LIMITED A-BELCO LIMITED A. T. R. MEDIA LTD ADNAMS BIO ENERGY LIMITED ALDERDALE FIXING SYSTEMS LIMITED ALISON’S COFFEE SHOPS LIMITED AMERICAN APPAREL (CARNABY) LIMITED AMERICAN APPAREL (UK) LIMITED ARLEY HOMES NORTH…
Read morePetitions have been issued and advertised in the London Gazette for the following companies: 09232330 LIMITED 09247724 LIMITED 1ST RESET LIMITED 2 BRIDGE STREET LIMITED 519 CONSULTANCY LIMITED A A COM LIMITED A S HANUSCHI SERVICES LTD A1 COMMERCE HOLDINGS LIMITED AB CARRIAGE LIMITED ACCIDENT REPAIR CENTER LTD ADVISORY SERVICES LONDON LIMITED AFFECTIVE LOGIC LIMITED…
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Insolvency Office statistics reveal that the company liquidation rate in England and Wales is at its lowest level since records began in 1984 and that there has been a continuous downward trend in the rate since 2011. In the 12 months to the end of September 2016, 0.41% of active companies (about one in 244)…
Read moreThe Chartered Institute of Credit Management (CICM) has urged more support for Code in driving better payment practice. A business leader and expert in late payment has welcomed the report from the Federation of Small Businesses (FSB) into the impact of poor payment practice but challenged a proposal that signatories to the Prompt Payment Code (PPC) should…
Read moreThe number of business closures have risen since the Brexit vote, according to Quarter 3 insolvency statistics released by the HMRC. Business insolvencies are up by 2.2% and voluntary liquidations are up by 5.5%,. Simon Underwood, partner and business recovery specialist at Menzies said “Currency fluctuations and the challenging UK financial market have left many…
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Three-in-four UK businesses (74%) say they have yet to feel any financial impact – positive or negative – from the 23rd of June vote to leave the EU, according to new research by the insolvency and restructuring trade body, R3. However, 16% of all businesses, equivalent to 283,000 businesses, say the vote has already had…
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Continued declining confidence in the manufacturing sector is the driving force behind three successive quarterly falls in overall economic confidence, according to the latest barometer from the credit services sector. Manufacturing closed down 2.3 points to 54.9 in Q3’s results from the Credit Managers’ Index which is run by the Chartered Institute of Credit Management (CICM). This is the…
Read moreThe number of debt judgments against businesses in England and Wales in the third quarter of 2016 fell for the seventh consecutive year, according to figures released by Registry Trust. Registry Trust is the non-profit organisation which collects judgment information from jurisdictions across the British Isles and Ireland. In England and Wales, it operates the…
Read morePetitions have been issued and advertised in the London Gazette on the following: 09247972 LIMITED 2012 ADVOCATES LIMITED 21ST CENTURY CONSTRUCTION LIMITED A & D ROBINSON INVESTMENTS LIMITED A & S GLAZING SERVICES LIMITED A.C.E.E.I LTD A.M. CONTRACTORS CONSTRUCTION SERVICES LIMITED AARON ENGINEERING LIMITED AB SOUTH CONSTRUCTION LTD ABBEYLANDS TRANSPORT LIMITED ABBFAB ENGINEERING LIMITED ACCOUNTING…
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Appointment of Administrators Notices – October 2016 Administration notices have been issued and advertised in the London Gazette for the following companies: 3 C’S LOGISTICS LIMITED AFOD LIMITED AIC STEEL LIMITED AKULA FURNITURE LIMITED AMF SYSTEMS LTD ANDEVA UNDERWRITING AGENCY LIMITED ANDREW PAGE LIMITED ASCOT CABLE LTD ATRUL REALISATIONS LIMITED AUM CARE LIMITED BANK CHARGE REFUNDS LIMITED…
Read moreThe Insolvency has published the latest Insolvency statistics between July & September. The key finding from the statistics was that total company insolvencies were slightly higher than the previous quarter and also increased on the year. The trend for the past year has been broadly flat. Andrew Tate, president of insolvency and restructuring trade body…
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British SMEs are owed more than £586billion in outstanding invoices, according to a Business in Britain report from Lloyds Bank Commercial Banking. The average small business is owed more than £108,000 in unpaid invoices, an increase of 8 per cent since the last Business in Britain report in January 2016, with almost a third of…
Read morehttps://www.theguardian.com/business/2016/oct/25/britains-high-streets-under-strain-as-15-shops-close-every-day
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