Credit, Collections & Insolvency News
In January the following administration notices were issued and advertised in the London Gazette for the following companies: A.J. SIMS LIMITED ALTIS INDUSTRIES LIMITED ANDREWS MARQUEES LIMITED ANGLO TECHNICAL RECRUITMENT LIMITED AYLESBURY PARK GOLF CLUB LIMITED BRAND AGENCY (LONDON) LIMITED CELSUS GROUP LIMITED COAST HOTELS AND LEISURE LIMITED COLD STORE GROUP LIMITED COMMUNITY & BUSINESS…
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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: 06562942 LTD 13 BAR LIMITED 2021 ENG SOL LTD 26 TWELVE LTD 3 CROWNS PROPERTY & MAINTENANCE CONTRACTORS LTD 3RADICAL LIMITED 5G CHAUFFEURS LIMITED 6 VISION LIMITED 72ND AND MAD LIMITED 77 PROPERTY 7…
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In January, Winding Up Petitions (Companies) were issued and advertised in the London Gazette for the following companies: 06738324 LTD 08112018 LTD 12GP MANAGEMENT LIMITED 14534813 LTD 15530565 LTD. 1ST ARMOUR SECURITY LIMITED 247 EXCELLENT QUALITY CARE LTD 24H RECRUITMENT SOLUTIONS LTD 3 CROWNS PROPERTY & MAINTENANCE CONTRACTORS LTD 50 ST EDMUND’S TERRACE FREEHOLD LIMITED…
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Business insolvency numbers (liquidations and receiverships) in Scotland for Q3 2024-2025 decreased by 2.4% compared with Q3 2023-2024, to a total of 285 according to latest Accountant in Bankruptcy data. Business insolvencies (liquidations and receiverships) decreased by 8.9% when compared with the previous quarter’s total of 313 (July-September 2024). Commenting on the Scottish insolvency statistics,…
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Latest data from the Insolvency Service has found that the construction sector experienced the highest number of insolvencies by business sector in the 12 months to November 2024 at 4,102, accounting for 17% of all industry cases. The data showed that Wholesale and retail trade; repair of motor vehicles and motorcycles (3,618, 15% of cases…
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Annual figures from the Insolvency Service have shown that there were 23,872 registered business insolvencies in England and Wales in 2024 a fall of 5.1% from 2023’s figure of 25,163. The business insolvencies comprised of 18,840 creditors’ voluntary liquidations (CVLs), 3,230 compulsory liquidations, 1,597 administrations, 202 company voluntary arrangements (CVAs) and three receivership appointments. The…
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Annual figures from Accountant in Bankruptcy (AiB) have shown that business insolvencies in Scotland remained stable in 2024. Scottish business insolvencies remained steady at 1,236 compared to 1,234 in 2023. Figures for December 2024, showed that there were 82 business insolvencies registered in Scotland, 24% lower than the number in December 2023. The business insolvencies…
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Annual statistics from the Insolvency Service have shown that Northern Irish business insolvencies increased whilst personal insolvencies figures remained similar to the numbers in 2023. The annual number of business insolvencies in Northern Ireland in 2024 was 305, a 40% increase from 2023 (218 in total). In December 2024 there were 23 business insolvencies registered…
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New analysis by Kroll found there were 1,330 business administrations last year, a 6% increase on the year before and significantly higher than in the years following the pandemic. Manufacturing suffered the most with administrations up by a fifth followed by the construction sector. The sector posting the biggest increase in business administration was recruitment…
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Leonard Curtis has unveiled new roles for two key members of its leadership team. David Brown, who joined the business in July 2023 as Chief Operations and Financial Officer, becomes Chief Operating Officer (COO), while Paul Birks, who has been Group Financial Director since September 2022, will be promoted to Chief Financial Officer (CFO). Brown…
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PKF Littlejohn Advisory has announced it has appointed Paul Williams as a new Partner to further strengthen the firm’s UK-wide restructuring and insolvency capabilities. Williams has more than 30 years experience across corporate restructuring, recovery and advisory and has built a reputation as a trusted advisor to a wide range of senior lenders. High-profile assignments…
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The Night Time Industries Association (NTIA) has released figures showing a 32.7% decline in the total activity of the UK’s nightclub sector since March 2020. This equates to a loss of 405 venues, with the number of nightclubs dropping from 1,240 in March 2020 to just 835 in November 2024. While late 2024 saw a…
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In December the following administration notices were issued and advertised in the London Gazette for the following companies: A J MECHANICAL SERVICES LIMITED AB PAPERS UK LIMITED AFAAD INVESTMENT PROPERTIES LTD AGE UK STAFFORDSHIRE AGRS HOLDING LIMITED AKJ ENTERPRISES LIMITED ALWAYSDREAMING LTD ANDBRIDGE PROPERTY LIMITED AQUADART BRANDS LIMITED ARCTIC FISH PRODUCTS LIMITED ASHLEY GROVE &…
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