ICAEW appoints new Chair

13th July 2017 Commercial Credit Management |

The Institute of Chartered Accountants in England and WalesChartered Accountants in England and Wales’ (ICAEW has appointed Tyrone Courtman as Chair of its insolvency and restructuring special interest group. Courtman is a Partner at PKF Cooper Parry has more than 25 years’ experience, leads PKF Cooper Parry’s business restructuring, recovery and insolvency services team across the…

Read more

Late payments cost small UK businesses more than £2bn a year

12th July 2017 Commercial Credit Management |

The UK’s smaller businesses are facing a total bill of £2.16 billion to chase overdue payments, according to Bacs Payment Schemes Limited (Bacs). That’s in spite of a dramatic drop in the overall late payment debt, with new figures showing that UK small to medium size enterprises (SMEs) are owed £14.2 billion in contrast with…

Read more

INSOLVENCY NOTICES: Appointment of Administrators – June 2017

Administration notices have been issued and advertised in the London Gazette for the following companies: ‎ ‎ALO CARE LTD 1ST SOLUTIONS EMPLOYMENT AND TRAINING SERVICES LTD ‎ADAMS SHEET METAL LTD ADVANTAGE RENTALS & REPAIRS LTD AEGIS WIND FINANCE (NO.2) LTD ALO CARE LTD ALO CARE LTD ARGYLL RENEWABLE ENERGY LTD ‎AUDIOLOGICAL MEASUREMENT & REPORTING LTD B60…

Read more

LIQUIDATION NOTICES: Meeting of Creditors – June 2017

Liquidation notices have been issued and advertised in the London Gazette for the following companies: ‎08135583 LTD A & A NANDRA LTD A & M DELI LTD ‎A CASA RESTAURANT LTD A D SHAW JOINERY CONTRACTS LTD A-S ELECTRICAL SERVICES UK LTD ‎A101 LTD ABSOLUTE PROPERTY MAINTENANCE BUILDING SERVICES LTD ‎ACADEMY FOR GROWTH LTD ‎ACORN PRINT…

Read more

INSOLVENCY NOTICES: Winding Up Petitions – June 2017

Winding up Petitions have been issued and advertised in the London Gazette for the following companies: 07715030 LTD 8POINT3 LTD A & D ELECTRICAL LTD ‎A.N.A. MOT EXPRESS LTD ‎ACORN DEVELOPMENTS (KENDAL) LTD ADJUST PERSONNEL LTD ALEXANDER DU’BEL WISH FOUNDATION ALL PEOPLE RECRUITMENT LTD ‎ALTEC ENGINEERING LTD ‎ALUFAB LTD ‎AMBER SOLAR LTD ANGLESEA HOME IMPROVEMENTS LTD…

Read more

IPA, NARA and RICS re-launch of the Registered Property Receivers’ Scheme

The Insolvency Practitioners Association (IPA), Royal Institution of Chartered Surveyors (RICS), and the Non-Administrative Receivers Association (NARA) have announced the re-launch of their joint initiative with updated and extended regulation of property receiverships. A new Memorandum of Understanding provides for some important changes which should increase transparency and reassure stakeholders. All Registered Property Receivers will…

Read more

Business rescue reforms placed in doubt by Queen’s Speech

22nd June 2017 Commercial Credit Management |

The government must not neglect its business rescue reform plans as it prepares for Brexit, says insolvency and restructuring trade body, R3. Plans to introduce the government’s year-old reform proposals – or any other corporate governance reforms – appeared to be absent from the Queen’s Speech. As this will be the only Queen’s Speech for…

Read more

LIQUIDATION NOTICES: Meeting of Creditors – May 2017

Liquidation notices have been issued and advertised in the London Gazette for the following companies: 483 NCR LTD 75 PIZZA PRONTO LTD A6 DEVELOPMENTS LTD ABACUS TW LTD AFLAH SHAKES LTD AJM ELECTRICAL & SECURITY SOLUTIONS LTD AJP BUILDING & ROOFING SERVICES LTD ALBION SCRAP METALS LTD ALLANS NEWCASTLE LTD ‎ALPHA EARTHWORKS LTD ‎ALXAS LTD ‎AMBAR…

Read more

INSOLVENCY NOTICES: Winding Up Petitions – May 2017

Winding up Petitions have been issued and advertised in the London Gazette for the following companies: 3NT CONSULTING LTD 784 LTD A & S PUBS LTD A.C.H.G. PROPERTIES A.P. LOOK BUILDING AND MAINTENANCE LTD AAA DRIVEWISE CONTRACTS LTD ABELARDUS LTD ‎ABERSWIFT DE LEADING SPECIALISTS LTD ABH CONTRACTS (UK) LTD ACE GARAGE LTD ‎ACQUIRO LTD ‎ACQUISITION 395448999…

Read more

INSOLVENCY NOTICES: Appointment of Administrators – May 2017

Administration notices have been issued and advertised in the London Gazette  for the following companies: AB INTERNET LTD ADAM DALGLEISH ENGINEERING LTD ADVANCED ANALYSIS AND INTEGRATION LTD AEGIS ENVIRONMENTAL SOLUTIONS LTD AHOY DIGITAL LTD ANCOA SOFTWARE LTD BILL PLANT LTD BIO GREEN ENERGY LTD BLUE CANNON LTD C & J HEATING & PLUMBING LTD C &…

Read more

80,000 businesses at risk from interest rate rise

Research from R3 suggests that 80,000 (4%) of business would struggle to manage a rise in interest rates of 0.25%. The research, part of a long-running survey of business distress by R3 and BDRC Continental, also found that 96,000 firms (5%) were just paying interest on their debts. Speaking on behalf of R3 Andrew Tate…

Read more

Price Bailey merge with accountancy firm Sandcroft

Price Bailey has announced the acquisition of Sandcroft Management Services Limited (SMS) and Sandcroft Payroll Services Limited (SPS) based in Sawston, near Cambridge. With this acquisition, Price Bailey reinforces its position as a leading firm of top 30 chartered accountants and business advisers. The announcement follows a strong relationship between the two practices, which have…

Read more

CVR Global and DDJ Insolvency announce merger

Insolvency and restructuring firm CVR Global has merged with DDJ Insolvency, an independent London-based insolvency firm. Insolvency professionals Ian Defty and James Dowers have also been appointed partners. Richard Toone, Managing aPrtner at CVR Global said “We’re delighted to have bolstered our presence in London with the completion of this merger with DDJ Insolvency. DDJ Insolvency…

Read more