Credit, Collections & Insolvency News
Arron Kendall and Simon Thomas, Partners at Moorfields Advisory have been appointed joint administrators of the UK arm of upmarket women’s fashion brand Basler. Basler UK is a subsidiary of the long-established Basler Fashion Group GmbH, which is headquartered in Goldbach, Germany, and also operates in the United States, Australia and throughout Europe. Since May…
Read more
Andrew Duncan and Alex Cadwallader, Directors at Leonard Curtis have been appointed joint administrators to cake makers More Food. Chichester-based More Food specialised in the creation and supply of handmade cakes and tray bakes to a wide range of customers, including local bakeries, major retailers, such as Budgens and Waitrose as well as international sandwich shop…
Read more
A new study by GoCompare Mortgages has revealed that 31% of tenants in rented accommodation cannot imagine ever owning their own home. The survey also revealed that more than a fifth (21%) of renters think that the removal of mortgage interest tax relief on buy-to-let properties, which came into force in April 2017, will reduce…
Read more
Research by Ferguson Litigation Funding (FLF), has found that, 18-months after the removal of the exemption from the Legal Aid. Sentencing and Punishment of Offenders Act 2012 (LASPO), 93% of Insolvency Practitioners say they are more likely to seek third party litigation funding, as supported by the Statements of Insolvency Practitioners (SIP) 2 para 11. However, 75%…
Read moreThe Insolvency Practitioners Association (IPA) has announced that Liz Bingham OBE has agreed to join the Association’s team to assist Council and support the CEO, management team and staff. Bingham’s role will be in part ambassadorial, and in part focused on helping the IPA with its own strategic review and implementation of its IIP standards. Bingham’smost…
Read moreLiquidation notices have been issued and advertised in the London Gazette for the following companies: 122 LEADENHALL STREET LTD 19 GALE UK LTD 1ST FIX MACHINE SOLUTIONS LTD 888 CHINESE RESTAURANT LTD A & K GLAZING (UK) LTD A CAREY ENGINEERING SERVICES LTD A M WICKHAM LTD A MUM&DAD CO. LTD A RUSHTON JOINERY LTD A…
Read more
Winding up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: 4WORLD DESIGNS LTD A & D TRANSPORT LTD ACCOUNT CONTRACTORS LTD ACKROYD STREET WORKING MENS CLUB AGM DEVELOPMENTS (CARLIOL) LTD AGRA LTD AKA CONSTRUCTION LTD ALAN EDWARDS LLP ALLAN LORD ELECTRICAL LTD ALLECO LTD ANZ GENERAL SERVICES LTD…
Read more
Administration notices have been issued and advertised in the London Gazette for the following companies: A.R.G. ELECTRODESIGN LTD ACE RECYCLING GROUP CIC AGHOCO 1087 LTD AMBA DEFENCE CONTROL LTD AMBA DEFENCE LTD AMBA DEFENCE TECHNOLOGY LTD ANDROMEDA TRADING LTD ASA RESOURCE GROUP PLC AUTOMA LTD AXHOLME CAR CO LTD B C BARTON LTD BEADWORKS UK LTD…
Read more
Northern Ireland’s manufacturing sector has the lowest rate of firms at a higher than normal risk of insolvency of anywhere in the UK, according to the latest research by R3. In August less than one in five (19 per cent) of the North’s manufacturing businesses were considered at higher than normal risk of becoming insolvent…
Read moreFerguson Litigation Funding (FLF) has announced that is has hired business development and client care specialist Paul Cooklin, joining from litigation funder Manolete Partners, where he was chief operating officer. Cooklin has worked in the legal profession since 1984 and has extensive knowledge of the domestic and international commercial and business law sector. Cooklin joins from litigation…
Read more
Shire Leasing has announced that it has surpassed £100 million in own book lending. The news comes only 5 months after it secured a further £37.4m facility under the government-backed British Business Bank’s ENABLE Funding programme, in place to help it increase funding to smaller businesses. Mark Picken, Shire’s Managing Director, said “The £100 million figure is…
Read more
Parents who increasingly have to fork out for iPads, extracurricular activities and uniforms when their children go back to school, are being advised to budget carefully to avoid being pulled into a cycle of debt. PayPlan says that while the price of uniforms has been driven down in recent years, families still have to pay…
Read more
The amount of tax HMRC suspects may have been underpaid by big businesses has increased to £24.8bn, a 13% rise on the previous year following a widening of the scope of investigations, according to analysis by law firm Pinsent Masons. Pinsent Masons says that the amount of tax that HMRC’s large business directorate believes is…
Read more