Credit, Collections & Insolvency News
Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in May: 100% INSPECTION LTD 4ZERO LTD A BLAIR LTD A NINETEEN PUB COMPANY LTD A.L.P.H.A. HOME IMPROVEMENTS PS LTD ABBEY MECHANICAL & ELECTRICAL SERVICES LTD ABSOLUTELY FLOORSOME LTD AC CASTLE STREET LTD ACCUMULATION LTD ACE…
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In May, Winding Up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: BIG MARTHA LTD BLACK SWAN VENTURE CAPITAL LTD BOROUGH RESIDENTIAL DEVELOPMENTS LTD CHIC BUILDING LTD CLAYBORN CONSTRUCTION LTD. CREATIVE GLASS (NW) LTD CXL 2020 LTD DESAI & CO ACCOUNTANTS LTD ESPRIT LAND LTD GILB CONSTRUCTION LTD…
Read moreThe British Retail Consortium (BRC) has warned that the retail sector will endure a ‘tsunami of closures’ if the Government does not extend a moratorium on debt enforcement rolled out amid the pandemic. This comes after a poll found that two-thirds of retailers have been told by landlords they could face legal action once a…
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The Chartered Institute of Credit Management (CICM) has partnered with Court Enforcement Services (CES) in a campaign calling for a change in enforcement practice. The campaigns calling for regulatory change which will allow cases to be transferred to High Court Enforcement for debts under £600. The current system means debts below the threshold can only…
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New legislation, which aims to prevent company directors from avoiding investigation into their conduct by informally striking off their company instead of entering an insolvency process, has had its first reading in Parliament before it is set to become law Begbies Traynor says that the move has been driven, in part, by the fear that…
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Latest figures from the Insolvency Service have indicated a 22% fall in business insolvency rates across England & Wales. The figures show that business insolvencies fell by 7.2% to 925 in April 2021 compared to March’s figure of 997, and fell by 22.9% compared to April 2020’s figure (1,199). In April 2021 there was a…
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Latest figures released by Accountant in Bankruptcy (AIB) have indicated that Scottish business insolvencies continued to remain low in April 2021. In April 2021 there were 38 company insolvencies registered in Scotland this was 17% lower than in April 2020 and 63% lower than in April 2019. The figures comprised of 9 compulsory liquidations, 28…
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Latest statistics from the Insolvency Service have shown that Northern Irish personal and business insolvencies numbers are continuing to fall. Overall number of personal and business insolvencies have continued to remain low since the start of the first UK lockdown in March 2020 In April 2021 there were 226 personal insolvencies in Northern Ireland which…
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The latest Market Recovery Monitor from CGA and AlixPartners has indicated that up to one in ten restaurants has closed down since the beginning of the coronavirus lock-downs. The data suggests the number of food-led venues has fallen by 4,204. It was also found that by the end of April, only 32.9% of pubs, bars,…
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Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in April: 11:11 MEDIA LTD 19TEN LTD 29TEN FITNESS LTD 312 SW3 LTD 360COMPUTING LTD 3MILES LTD 6CATS UK LTD. A LISTER TRANSPORT 80 LTD A ONE PRO STYLE LTD A SLIM LTD A W LEWIS…
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In April, Winding Up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: ACCUTOR LTD ALL2020 LTD ASSEGAI DESIGN AND BUILD LTD BERRY BROW CONVENIENCE STORE LTD BOHEMIA WORLD TRADING LTD CITYWIDE ELECTRICAL SERVICES LTD COUNTER SOLUTIONS U.K. LTD DWHA LTD EESA &CO LTD EUROPA CLUB LTD FORD NEWS…
Read moreThe number of decrees registered against Scottish businesses during the first Quarter of 2021 fell by over 40% according to latest Registry Trust data. The number of decrees against Scottish businesses fell from 722 to 434. The total value fell by 27 percent from just under £3 million to £2.2 million. The average value rose…
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The number of debt judgments registered against Northern Ireland businesses in the first Quarter of 2021 fell by 42% according to the latest Registry Trust figures. The number of judgments registered in Q1 2021 was just 152, compared to 261 in Q2 last year, a fall of 42 percent. The total value of judgments against…
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