INSOLVENCY NOTICES: Winding Up Petitions – April 2022

6th May 2022 Business |

In April Winding Up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: 24/SEVEN CONTRACTS (UK) LTD 2TE ISLAND LTD 360 DEGREES MANAGEMENT LTD 3PHASE ELECTRICAL ENGINEERING LTD 999 PLUMBING HEATING & DRAINAGE LTD A J (PLYMOUTH) LTD A J SMITH (TELFORD) LTD A1 SUPA SKIPS LTD ADS REALITY…

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INSOLVENCY NOTICES: Appointment of Administrators – April 2022

6th May 2022 Business | #insolvencies

In April the following administration notices have been issued and advertised in the London Gazette for the following companies: 20 – 24 (20-22) LTD 27-33 CAROLINE STREET LLP 35 QR LTD 52 MP LTD 98 LR LTD ABACUS PRINT LTD ACTIVE WEAR LTD ADAPTABLE CONSULTANCY LTD ALDERDALE SEATING LTD ANGLIA RECOVERY LTD APOLLO MEDICAL INFORMATION…

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LIQUIDATION NOTICES: Creditors Voluntary Winding-Up – April 2022

6th May 2022 Business | #insolvency

Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in April:   1 T0 WEAR LTD 1ST GLASS UK WINDOWS AND DOORS LTD 22M LTD 23TSL LTD 2AA REMOVALS LTD 2HANDYSERVICES LTD 3D MEDICAL IMAGING LTD 3F LTD 3UNIQUE LTD 458 CONTRACTS LTD 5 SPICES…

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Short-term finance lender enters administration 

6th May 2022 Business |

Greenlight Credit (trading as Varooma) has entered administration. The short term lender provided customers with finance on logbook loans secured on the customer’s vehicle. Logbook lending allows the lender owns the vehicle until the loan is paid back in full. Martin Charles Armstrong and Andrew Richard Bailey of Turpin Barker Armstrong were appointed as Joint…

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North East Warrington Credit Union in administration after being declared insolvent

6th May 2022 Business |

Administrators are working to return savings to members of the North East Warrington Credit Union (NEWCU) after the company has been declared insolvent. The members’ committee of North East Warrington Credit Union (NEWCU) resolved to place the company into administration on 4th May. The Financial Services Compensation Scheme (FSCS) declared the Company in default, which…

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City of Plymouth Credit Union enters administration

4th May 2022 Business | #insolvencies

The City of Plymouth Credit Union has entered administration. James Sleight and Peter Hart of PKF GM were appointed as Joint Administrators of CPCU on 27 April 2022. The Financial Services Compensation Scheme (FSCS) has also declared the credit union in default, which means that all savers’ monies are protected and will receive their funds (up to…

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Northern Irish business and personal insolvencies figures increase

Latest quarterly statistics from the Insolvency Service have shown that Northern Irish business insolvencies increased by 273% whilst personal insolvency figures also rose slightly. The figures indicated that there were 56 company insolvencies in Northern Ireland in Quarter 1 2022 (Q1), nearly four times higher (an increase of 273%) than in the same quarter of…

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Business insolvencies rise to ten year high

29th April 2022 Business | #business insolvencies

Latest quarterly figures from the Insolvency Service have indicated that the number of business insolvencies in England & Wales rose to its highest levels since 2012. The figures show that there were 4,896 company insolvencies registered in Q1 2022, 6% higher than the number of company insolvencies registered in the previous quarter and more than double…

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Business insolvencies increased by 39.4% in March

25th April 2022 Business | #business insolvencies

Latest figures from the Insolvency Service have shown that the number of business insolvencies in England & Wales increased by 39.4% in March 2022 to a total of 2,114 compared to February’s total of 1,517, and increased by 111.6% compared to March 2021’s figure of 999. The increase in company insolvencies was driven by an…

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Scottish business insolvencies double

25th April 2022 Business | #business insolvencies

Latest figures from Accountant in Bankruptcy (AiB) have indicated that business insolvency numbers (liquidations and receiverships) in Scotland doubled in February. In March 2022 there were 86 business insolvencies registered in Scotland, 100% (2 times) higher than March 2021 but 11% lower than in March 2019. The insolvencies comprised of nine compulsory liquidations, 71 CVLs…

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Northern Irish business insolvencies increase whilst personal insolvency numbers fall

Latest statistics from the Insolvency Service have indicated that Northern Irish business insolvencies increased whilst personal insolvency figures declined in the latest monthly figures round-up. In March 2022 there were 20 business insolvencies registered in Northern Ireland, almost three times as many as in March 2021, but 35% lower than March 2019. This was comprised…

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Global business insolvencies predicted to increase as support measures end

22nd April 2022 Business | #business insolvencies

Despite a return to normal for many economies in 2022, insolvencies are set to rise according to trade credit insurer, Atradius. The company predicts that the global economy will emerge gradually from the Covid pandemic in 2022, with restrictions unwound in most countries and regions. But despite a return to normality for many, Atradius reports…

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Compulsory liquidations increase by 76% in last three months

8th April 2022 Business | #business insolvencies

Compulsory liquidations of struggling businesses have increased by 76% from 139 to 245 in the last three months according to new research by Mazars. The company predicts that there will be even more liquidations are expected in the next three months as the last temporary government measure to protect companies from insolvency during the pandemic…

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