Credit, Collections & Insolvency News
The number of decrees and total amount of debt registered against Scottish businesses also fell, by 28 percent, from 2,804 to 1,996 according to figures released by Registry Trust. The total value fell 24 percent from nearly £16 million to just over £12 million. The average value rose by six percent from £5,692 to £6,057.…
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The number of debt judgments registered against Northern Irish businesses fell by 59 percent, from 1,308 to 539. according to figures released by Registry Trust. The total value of judgments against businesses also fell, by 29 percent from £3,203,652 to £2,279,151. The average value of business judgments rose steeply, from £2,449 to £4,228, up 73 percent.…
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The number and total value of judgments registered against Irish businesses saw large falls in 2020 compared to 2019, figures released by registrar Irish Judgments show. Judgments against Irish businesses fell less, by 33 percent, from 676 to 455. The total value registered against businesses fell by 51 percent, from €13.3 million to just €6.4…
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The number of County Court Judgments (CCJs) registered against businesses in England and Wales fell 39 percent from 126,731 in 2019 to 77,139 in 2020, according to figures released by Registry Trust. The total value of CCJ debt owed by businesses fell by nearly 20 percent, from just under £401 million to £322 million. The…
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The Competition and Markets Authority (CMA) has stopped Clydesdale Bank from forcing small business customers to open a business current account with it to get a Covid-19 Bounce Back Loan. The CMA found that Clydesdale was in breach of legal undertakings that prohibit it, along with seven other of the UK’s largest banks, from requiring…
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Analysis by Purbeck Insurance Services shows that owners of SMEs have more than £1.2 billion of personal liabilities linked to emergency pandemic support loans, with 1,587 directors agreeing to such terms when taking on credit through the Coronavirus Business Interruption Loan Scheme (CBILS). The report, which comes after a Freedom of Information request from the…
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Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in January: 365 PRODUCTIONS (UK) LTD 55 PIXELS LTD A & C MOTOR SERVICE LTD A B FOOD TECHNOLOGY SERVICES LTD A J CONTRACTS AND DEVELOPMENTS LTD A MCCULLEY CONSTRUCTION & CONTRACTING LTD A.R.G. (MANSFIELD) LTD…
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In January, Winding Up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: ABACI PROCUREMENT LTD AMAZON CREEK LTD ASIANA LTD AVERY HOMES RH LTD BROOK TRADE BRYMAC (LONDON) LTD C7 BRANDS LTD CRANHAM CURTIS LTD DISCO RETAIL LTD EBULLIO INVEST LTD EBULLIO RETURN SPECIAL PURPOSE VEHICLE LTD ECOMMODITIES…
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In January the following administration notices have been issued and advertised in the London Gazette for the following companies: AH SCARBOROUGH HEALTH PARK LTD ASHRIDGE CONTRACTORS LTD AVON VALLEY PRECISION ENGINEERING LTD AVPE INVESTMENT LTD BAUMOT UK LTD BLACK HANGAR STUDIOS LTD BRACKNELL PROPERTY OPCO LTD CONDER ALLSLADE LTD COVRAD HEAT TRANSFER LTD CREATIVE DIGITAL…
Read moreLatest statistics from the Insolvency Service have indicated that there were 12,557 underlying corporate insolvencies in England and Wales in 2020, a fall of 27.1% from 2019’s figure of 17,224. The total number of registered underlying company insolvencies in 2020 decreased to the lowest annual level since 1989. This was largely driven by a low…
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New HM Treasury figures have revealed that the banking and finance industry has approved nearly £71 billion to over 1.5 million businesses so far through government-backed coronavirus lending schemes. Over 39,000 small enterprises have received a Bounce Back Loan over the past month, with a total of 1.47 million businesses accessing the scheme since it launched in May last…
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County Court Judgments (CCJs) against businesses in England and Wales fell 36 percent in Q4 2020, compared to the same quarter in 2019, according to figures released by Registry Trust. The number of CCJs against businesses decreased from 23,418 in Q4 2019 to 15,052 in Q4 2020. The total value of CCJ debt owed by…
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The number of business decrees against Scottish businesses fell, by 44 percent, from 859 to 481 according to figures released by Registry Trust. However, the total value rose by 69 percent from just over £3 million to £5.1 million. As a result, the average value rose from £3,500 to £10,534, an increase of 200 percent.…
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