Credit, Collections & Insolvency News
In April 2025, the number of registered company insolvencies in England and Wales was 2,053, 3% higher than in March 2025 (1,996) but 5% lower than April 2024 (2,163) with the construction industry experiencing the highest number of insolvencies in the 12 months to March 2025 at 4,111, making up 17% of all industry cases. James…
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Latest figures from the Insolvency Service have shown that the number of registered business insolvencies in England and Wales increased by 2.9% in April 2025 to a total of 2,053 compared to March 2025’s total of 1,996, and decreased by 5.1% compared to April 2024’s total of 2,163. The business insolvencies consisted of 379 compulsory…
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Latest figures from Accountant in Bankruptcy (AiB) have shown that business insolvencies in Scotland declined by 7% in April 2025. The data showed that there were,there were 101 company insolvencies registered in Scotland, 7% lower than the number in April 2024. The total number of business insolvencies was comprised of 47 CVLs, 51 compulsory liquidations…
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The Insolvency Service announced that it has appointed Alec Pybus as Interim Chief Executive Officer. Earlier in the year, Dean Beale announced that he would leave his role, having been Chief Executive Officer of the Insolvency Service since 2019. In February 2025, he announced that he would be moving to the Centre for Public Interest…
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Professional services group Leonard Curtis has appointed Steve Muncaster to strengthen its restructuring and turnaround team in the Northwest, with particular focus on the Merseyside region. Muncaster joins the leading UK firm as a director, qualified accountant and licensed Insolvency Practitioner (IP), with over 25 years’ experience in restructuring and corporate recovery. He has extensive…
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In April, the following administration notices were issued and advertised in the London Gazette for the following companies: 79TH LEISURE TWO DEVELOPMENT LIMITED 79TH LEISURE TWO MANAGEMENT LIMITED 79TH LUXURY LIVING LIMITED 79TH LUXURY LIVING ONE LTD 79TH LUXURY LIVING SIX LTD AEC INDEPENDENT LTD AMHERST HOMES LTD AMP 75 LIMITED ARIES LIMITED ARROW FILM…
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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: 05CREATIVE LIMITED 06449000 LTD 124APPS LIMITED 1ST STEPS DAY CARE LTD 20:09:11 LTD 3RD RAIL LIMITED 3RD SECTOR ESTATES LIMITED 4 IN 1 EXPRESS TAKEAWAY LTD 4 SEASONS CAR WASH (NE) LIMITED 48.3 SCAFFOLD…
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In April, Winding Up Petitions (Companies) were issued and advertised in the London Gazette for the following companies: 13389688 LTD 18-19 BUCKINGHAM GATE INVESTMENTS LIMITED 31 MEDIA LIMITED 345 – VQ UK LIMITED 3ACES LIMITED 777 SECURITY LTD A & L PRECISION ENGINEERING LIMITED A & M PROFESSIONAL LTD A & S PROPERTY DEVELOPMENT LTD…
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Tom Russell, Licensed Insolvency Practitioner and Director at James Cowper Kreston, has been appointed President of R3, the insolvency and restructuring trade body. As President, Russell will work with R3’s CEO, senior management team and Council to help shape and deliver R3’s strategy for the next 12 months and support its day-to-day operations. He takes…
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Latest data from the Insolvency Service has found that the construction industry experienced the highest number of insolvencies in the 12 months to February 2025 at 4,046, making up 17% of all industry cases. Kelly Boorman, National Head of Construction at RSM UK, said: “Rising inflation, tariffs uncertainty and incoming rises to employment costs are…
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Latest figures from the Insolvency Service have shown that the number of registered business insolvencies in England and Wales decreased by 2.9% in March 2025 to a total of 1,992 when compared to February 2025’s total. Business insolvencies increased by 9.1% when compared to March 2024’s figure of 1,826 than the same month in the…
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Latest figures from Accountant in Bankruptcy (AiB) have shown that business insolvencies in Scotland increased by 3% in March 2025. The data showed that there were 118 business insolvencies registered in Scotland, which was 3% higher than the number in March 2024. The total insolvencies comprised of 55 CVLs, 57 compulsory liquidations and six administrations.…
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Latest monthly statistics from the Insolvency Service show that in March 2025, personal insolvencies declined while business insolvencies increased in Northern Ireland. The data showed that there were 134 personal insolvencies in, which was 9% higher than in March 2024. The insolvencies consisted of/ 102 IVAs, 18 bankruptcies and 14 DROs. Business insolvency data shows that…
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