Credit, Collections & Insolvency News
The number of decrees and total amount of debt registered against Scottish businesses in 2021 declined when compared to 2020, according to figures released by the Registry Trust. The number of decrees against incorporated businesses also fell, by 13 percent, from 1,687 to 1,472. The total value saw even larger falls, down 21 percent, from…
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The number of debt judgments registered against Northern Ireland consumers in 2021 was 3,263, a small rise of two percent from the 3,207 in 2020, according to latest figures released by the Registry Trust. The Registry Trust says it is worth noting that numbers are still well below the highs seen before Covid struck. The…
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The number of business insolvencies (liquidations and receiverships) in Scotland doubled in November. In November 2021 there were 104 company insolvencies registered in Scotland, more than twice the number in November 2020 and 18% higher than in November 2019. The insolvencies comprised of 21 compulsory liquidations, 76 CVLs and seven administrations. There were no CVAs…
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A report from the National Audit Office (NAO) says the Government only put basic anti-fraud checks on the Bounce Back Loan Scheme (BBLS) for small firms once more than £28 billion had already been paid out. Checks to ensure that a company was not applying for more than one bounce back loan were not put…
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Latest figures from the Insolvency Service has shown that the number of businesses in England and Wales that business insolvencies fell by 3% in October to a total of 1,405 compared to September’s total of 1,449, and increased by 63.6% compared to October 2020’s figure of 864. The increase in company insolvencies compared to October…
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In October the following administration notices have been issued and advertised in the London Gazette for the following companies: ACCENTHANSEN LTD ACHIEVEMENT FOR ALL (3AS) LTD AE AEROSPACE LTD AVPE DURHAM LTD AVRO ENERGY LTD BARLOW’S (PROPERTIES) LTD BBS GRANITE CONCEPTS LTD BISHOPSGATE CONTRACTING SOLUTIONS LTD BLUE MARBLE HOLDINGS LTD CAPITAL DATA MANAGEMENT LTD CAPITAL…
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Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in October: (JAS) THE HOUR GLASS LTD 102 COUTURE LTD 1A AUTOSCREENS LTD 1ST CHOICE SKIP & GRAB HIRE LTD 2020 LEISURE LTD 247 GT LTD 29 PRODUCTS LTD 2PLAY INC LTD 360PIC LTD 4.T.W.C. LTD…
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The number of debt judgments registered against Northern Ireland businesses rose, from 73 to 117 according to new Registry Trust data, Debt judgments increased by 60 percent over the period. The total value of judgments against Northern Ireland businesses rose by much less, 21 percent, from £457,243 to £554,524. As a result, the average value…
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The number of decrees and total amount of debt registered against Scottish businesses was almost unchanged, at 523 compared to 525 in Q3 2020 according to latest figures by the Registry Trust. The total value rose by one quarter, from £2 million to £2.5 million. As a result, the average value rose by 26 percent,…
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Latest figures released by Accountant in Bankruptcy (AIB) have indicated that Scottish business insolvencies rose by 63% in September 2021. In September 2021 there were 70 company insolvencies registered in Scotland, 63% higher than in September 2020 but 8% lower than in September 2019. This was comprised of eight compulsory liquidations, 52 CVLs and 10…
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In September the following administration notices have been issued and advertised in the London Gazette for the following companies: 32 WELLINGTON LTD A F SMART REPAIRS LTD ADS JOINERY DESIGN LTD ADVANCIS LTD AGUA LONDON LTD ALLIED GLAZING SYSTEMS LTD ALTITUDE SELECT LTD ARTISAN GROUP FACILITIES MANAGEMENT LTD ARTISAN H1 LTD AVOCET FACULTIES LTD B…
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In September Winding Up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: ADVANCED INTEGRATED SERVICES LTD ASHFORD DEVELOPMENTS EAST ANGLIA LTD AVANTIS LIVING LTD BROAD ENVIRONMENTAL LTD CARTER HAYNES LTD CG NATION LTD CGB PROJECTS LTD COMMUNITY R4C LTD CONSTRUCTION ONE LTD D.EASY SERVICES LTD DPG CONCEPTS LTD…
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New data from the Registry Trust has indicated that 47% of businesses that became insolvent in May and June 2021 had an outstanding county court judgment (CCJ) against them. Whilst 78% of those who became insolvent with an outstanding CCJ had received their first CCJ within the previous 999 days. With the Insolvency Service’s latest…
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