Credit, Collections & Insolvency News
Armstrong Watson has announced that Partner, Mike Kienlen, has been appointed Chair. Kienlen is a Partner in the Restructuring, Recovery and Insolvency service line and has worked for the firm for 13 years, based at their Leeds office. As Chairman, Kienlen will support Chief Executive Officer, Paul Dickson, with the leadership and strategic positioning of…
Read moreCorporate recovery and business advisory firm Quantuma has recruited Maxine Reid as a partner in the Brighton office. Her remit will be to continue the growth of the practice in the south-east and along the south coast from her base in Sussex. Reid was formerly atKreston Reeves where she launched and headed up the Eastbourne…
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Administration notices have been issued and advertised in the London Gazette for the following companies: AAC AIR CONDITIONING AND REFRIGERATION LIMITED AMBRIAN PLC AYALA INTERNATIONAL LTD BALAJI HOTELS ST HELENS LIMITED BARNMEAD DEVELOPMENTS LIMITED BEDWORTH HAULAGE COMPANY LIMITED BEING TECHNOLOGIES LIMITED BM TANKERING LIMITED BURROUGHS DAY LLP CALDWELL RESTAURANTS LIMITED CLIMATE ENERGY HOMES LIMITED CONTINENTAL SHELF…
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Winding up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: 09232408 LIMITED 1FILM UNIT LIMITED A & A TRANSPORT (CANNOCK) LIMITED A HAPPY CHEF LIMITED A LA CARTE MANAGEMENT LTD A S SITE PREPARATION LTD A.I.M.S SUPPORT SERVICES LIMITED AAC AIR CONDITIONING AND REFRIGERATION LTD ACCELERATE DIRECT LTD…
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Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies: 05655331 LTD 07763245 LIMITED A & L ELECTRICAL LTD A M W NORTH EAST LTD A MELIA TRANSPORT LIMITED A. W. BYRNE (CONTRACTORS) LIMITED A.I.M.S SUPPORT SERVICES LIMITED ABC PRODUCTION SERVICES LIMITED ACCELERATE DIRECT LIMITED ACTIVE START…
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A Responsible Finance Provider (RFP) is set to be wound down after Duff & Phelps was appointed as administrators. Midlands Community Finance was one of the first RFP in the East Midlands when it was set up in 2003. Midlands Community Finance was set up to make loans to financially excluded individuals and businesses that…
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Ofgem has chosen Green Star Energy to take on supplying the customers of Future Energy, which went out of business last week. This follows a competitive process run by Ofgem to get the best deal possible for Future Energy’s customers. Green Star Energy is offering Future Energy’s customers the same price as they were paying…
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Law firm, Hill Dickinson has announced the appointment of Gavin Jones as a partner within the firm’s restructuring and insolvency team in Manchester. Jones was previously the national head of business restructuring at DWF, and returns to Hill Dickinson having worked as an associate at Hill Taylor Dickinson between 1993-97. Jones will be working closely…
Read moreThe Insolvency Service has released its latest statistical release on business insolvency. The statistics show: In the last Quarter of 2017 Company insolvencies increased because of a bulk insolvency event, but the underlying number of company insolvencies decreased. The underlying number of company insolvencies increased in 2017, driven by a rise in creditors’ voluntary liquidations. All…
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Future Energy, a regional energy supplier with about 10,000 domestic customers mainly in the North East and Yorkshire, has ceased trading, energy regulator Ofgem has confirmed. In the announcement, Ofgem has made the following statement “Under our safety net, customers of Future Energy will have their energy supply continue as normal, and their outstanding credit balances will…
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The number of Scottish companies going out of business also continued to fall with total corporate insolvencies also down by 3.8% according to latest figures from Accountant in Bankruptcy (AIB). Total corporate insolvencies dropped from 210 to 202 compared to the same quarter a year ago. The figure for Q3 of 2017-18 is made up…
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Accountant in Bankruptcy (AIB) has published its latest figures which have shown a drop in numbers of sequestrations in the third quarter of 2017-18. Fewer Scots have been made bankrupt in comparison to a year ago. In the third quarter of 2017-18 – between October and December 2017 – there were 1,089 awards of bankruptcy, a…
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The number of companies falling into insolvency in Scotland fell to an eight-year low last year according to new research by KPMG. The report found 832 companies went into administration or liquidation in 2017. The total was the lowest since 2008, when 803 firms entered insolvency. The insolvency figures were 15 per cent lower than in 2016,…
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