INSOLVENCY NOTICES: Appointment of Administrators – July 2022

In July the following administration notices have been issued and advertised in the London Gazette for the following companies: 21ST ARCHITECTURE LTD 33 LEGAL LTD A & H PROPERTY LTD ABERLA M&E LTD ABERLA SERVICES LTD ABERLA UTILITIES LTD ABSURD BIRD LTD AEG TEACHWALL LTD AIR ADS LTD AIR COOL ENGINEERING MIDLANDS LTD. ALMOR LTD…

Read more

LIQUIDATION NOTICES: Creditors Voluntary Winding-Up – July 2022

4th August 2022 Business | #Business Liquidations

Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in July: ‘COD’ FELLA’S LTD 10 BUSINESS ENVIRONMENTS LTD 1ST STEP ACCOMMODATION LTD 1STFOREGOLF LTD 22 SPACES MANAGEMENT LTD 24/7 FACILITIES MANAGEMENT SERVICE LTD 24/7 FITNESS GROUP LTD 2E TECH LTD 33HZ LTD 33SIX CONSULTANCY LTD…

Read more

INSOLVENCY NOTICES: Winding Up Petitions – July 2022

In July Winding Up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: 24/7 STAFFING SUPPORT LTD 9TRAK LTD A J BUILDING & PLUMBING SERVICES LTD A TOUCH OF GLASS HAMPSHIRE LTD ACTION CREDIT MANAGEMENT LTD ACTIVE CONSTRUCTION (COVENTRY) LTD AHDC ENGINEERING LTD AIRCOOL TECHNOLOGY LTD AIUK LIFE LTD…

Read more

Business insolvencies jump 81% to the highest rate since 2009

3rd August 2022 Business | #business incsolvencies

Latest quarterly figures from the Insolvency Service for England & Wales showed that there were 5,629 business insolvencies registered in Q2 2022, the figures wew 13% higher than the number of business insolvencies registered in the previous quarter and 81% higher than during the same quarter in the previous year. The total number of registered…

Read more

Northern Irish personal insolvencies rise whilst business insolvencies fall

3rd August 2022 Business |

Latest quarterly statistics from the Insolvency Service have indicated that Northern Irish personal insolvencies increased whilst business insolvency figures declined. The figures showed that in Q2 2022 there were 440 personal insolvencies in Northern Ireland, 25% down on the same quarter of 2021. The insolvencies comprised 373 IVAs, 39 DROs and 28 bankruptcies. Separately there…

Read more

CCJ debt registered against consumers and businesses in England & Wales rises

Latest figures from the Registry Trust has shown a significant increase in the number and value of monetary judgments (including CCJs) registered against consumers and business in England & Wales compared to the same period last year. The total number of monetary judgments registered in England & Wales rose from 207,976 in Q2 2021 to…

Read more

Scottish debt decrees increase 23%

2nd August 2022 Arrears and Recoveries |

New figures from the Registry Trust have revealed that the number of decrees and the value of debt registered in Scotland have seen an increase in Q2 2022 as compared to the same period last year. The total number of decrees increased from 4,356 in Q2 2021 to 5,351 in Q2 2022, an increase of…

Read more

Insolvency Service uses new powers to ban Covid loan fraudsters

28th July 2022 Business | #business insolvencies

The Insolvency Service has used its new powers to investigate and sanction directors who dissolved their companies to avoid repaying bounceback loans. The Service has begun using new powers, given to it last December, to crack down on company directors that dissolve their firms to avoid making repayments on government-backed loans. The crackdown has seen…

Read more

Scottish business insolvencies increase by 49.1%

Latest figures from Accountant in Bankruptcy (AiB) have indicated that business insolvency numbers (liquidations and receiverships) in Scotland increased by 49.1% in Quarter 1 (Q1) compared with Q1 2021-2022. The number of corporate insolvencies (liquidations and receiverships) in Scotland for Q1 2022 rose by 1.3% compared with the previous quarter (January-March 2022). Richard Bathgate, Chair…

Read more

Restaurant closures increase by 64% as customers cut spending

A shortage of workers and surging inflation are pushing more restaurants into insolvency with the number jumping by more than 60% in the past year according to new data from UHY Hacker Young. The data analysis shows that 1,406 restaurants in the UK closed their doors in the 12 months to May, up 64% (856)…

Read more

Business administrations increase by 60%

22nd July 2022 Business | #business insolvencies

More than 620  businesses filed for administration in the first six months of the year – a 60% increase compared to 2021, according to analysis by full-service law firm Shakespeare Martineau. Construction, manufacturing and retail were the sectors worst hit, accounting for 40% of administrations. Greater London led the way with 22% of the filings,…

Read more

Business insolvencies fall 7.2%

18th July 2022 Business | #business insolvencies

Latest figures from the Insolvency Service have shown that the number of business insolvencies in England & Wales decreased by 7.2% in June 2022 to a total of 1,691 compared to May’s total of 1,822, but were still 40.1% higher compared to June 2021’s figure of 1,207. Of the 1,691 registered company insolvencies in June 2022…

Read more

Scottish business insolvencies remain stable

18th July 2022 Business | #business insolvencies

Latest figures from Accountant in Bankruptcy (AiB) have indicated that business insolvency numbers (liquidations and receiverships) in Scotland were stable in June 2022. In June 2022 there were 76 business insolvencies registered in Scotland, equal to the number in June 2021 but 12% higher than in June 2019. The insolvencies comprised of eight compulsory liquidations,…

Read more

1 2 3 91