Credit, Collections & Insolvency News
FRP Advisory has announced the promotion ofArvindar Singh-Sall, who is based in the firm’s Birmingham office, to partner. Singh-Sall is a licensed insolvency practitioner and qualified accountant with 25 years of experience advising and managing business and corporate restructuring. She joined the firm as a director in 2014 and has delivered a number of assignments for…
Read moreThe Insolvency Service is increasingly using ‘public interest’ disqualification orders to remove potentially rogue directors from their positions before they can do more wrong, says Moore Stephens. Data from the Insolvency Service show that the number of ‘public interest’ disqualifications have increased from four in 2015/16 to 28 in 16/17. This type of disqualification is…
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The number of county court judgments (CCJs) registered against businesses in England and Wales rose during the third quarter of 2017, compared with the same period a year ago, according to latest figures released by Registry Trust. During Q3 2017, there were 24,698 CCJs against businesses in England and Wales, 27 percent more than the…
Read moreInsolvency and restructuring firm CVR Global has opened a new office in Bristol and made three appointments. Steve Ramsbottom has been appointed as Partner. Ramsbottom has more than 28 years of restructuring and insolvency experience, including spells with Moore Stephens, Deloitte and KPMG. Jess Jennings has also joined CVR Global’s Bristol office as Associate Director,…
Read moreThe number of debt decrees registered against businesses in Scotland fell during the third quarter of the year, according to figures released today by Registry Trust. There were 561 decrees against all businesses in the third quarter 2017, down 43 percent compared with the same quarter a year ago. The total value of all business…
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While UK companies are is struggling to find confidence, there are some reasons to be cheerful, according to the latest ICAEW Business Confidence Monitor. Companies have seen improvements in profit growth, capital investment and sales volumes and are expecting continuing growth in 2018. Key findings for Q4 2017 in the report suggest: Although the Business Confidence…
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Liquidation notices have been issued and advertised in the London Gazette for the following companies: A & N PENNINGTON (MANCHESTER) LTD A.JÆS AUTO SERVICES LTD ABB TRADING LTD ACCESSDATA CORPORATION LTD ACE ARC LTD ADVANCED CLIMATE CONTROL LTD ADVICE 4 BUSINESS (UK) LTD ALEXANDER LUCEY LTD ALLSURE LTD T/A CHASE ALEXANDER ALLWOOD INTERIORS LTD AMAVI LTD…
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Winding up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: 12 PROPERTY RENTALS LTD 15 GREENWOOD PARK LTD 2028 X LTD A & D TRANSPORT LTD A C MORRIS BUILDERS LTD A STAR DRIVERS LTD ACORNFORD ESTATES (NORTHERN) LTD ACURATE SECURITY SERVICES LTD ADD A ROOM LOFTS LTD…
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Administration notices have been issued and advertised in the London Gazette for the following companies: 01662739 LTD AAJ LOCKSMITHS (YORKSHIRE) LTD ABS CASES LTD ACQUASCIENCE LTD ADBRAIN LTD ADEN MORGAN SUMMERS LTD ADVANCED CLIMATE CONTROL LTD ALL EVENT STAFF LTD ANNE CLARKE ASSOCIATES LTD ASTBURY ESTATES LLP AVRO AVIATION LTD AVRO LTD B.M.J. (MANUFACTURING) LTD BAY…
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The UK government needs to kick-start its stalled corporate insolvency reforms in the wake of the UK insolvency framework falling from 13th to 14th in the World Bank’s rankings according to insolvency and restructuring trade body, R3. R3 is warning that with other countries’ insolvency and restructuring frameworks improving, and with Brexit potentially creating barriers…
Read more20% of restaurant businesses in the UK currently exhibit warning signs that they are at risk of going insolvent according to new research by Moore Stephens. The research shows that 14,800 restaurants are faced with the threat of going under as Brexit and rising labour costs put a strain on the industry. Since the Brexit…
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The latest results Insolvency statistics from The Insolvency Service for Quarter July to September 2017 (Quarter 3 2017) indicate that total company insolvencies decreased compared with the unusually high level in the previous quarter when a large number of connected personal service companies entered liquidation. When the statistics are compared with last quarter’s underlying numbers,…
Read moreThe number of Scottish business facing liquation has declined by 23% over the three months leading up to September, according to new research from KPMG. In the year leading up to September 2017, there were 802 insolvency appointments, a drop from 1040 in the previous year. Between June 2016 and June 2017, there was also…
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