Credit, Collections & Insolvency News
Payment delays and insolvencies are predicted to rise in the consumer durables retail sector this year, reveals a new economic report from trade credit insurer Atradius. While payment delays and insolvencies have remained relatively stable over the last six months, the Atradius Consumer Durables Market Monitor reports a weaker picture for the six months ahead.…
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Administration notices have been issued and advertised in the London Gazette for the following companies: ARIK AIR INTERNATIONAL LTD B.W. MANUFACTURING (PLASTICS) LTD BARTON MOSS FARM PRODUCE LTD BCBG MAX AZRIA UK LTD BOSTOCK METALWORKS LTD C.J. LEE & SONS (DAMERHAM) LTD CFO LENDING LTD CGNB LTD CLEAR SPACE CONSTRUCTION LTD COE-CRETE CHESTERFIELD LTD CONTACT TRANSPORT…
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Liquidation notices have been issued and advertised in the London Gazette for the following companies: 1066 IT SOLUTIONS LTD 108 VAUXHALL LLP 4D MEP CAD LTD A C PRODUCE (IMPORTS) LTD A L BENEFIT SOLUTIONS LTD AA INDUSTRIES LTD AAHP LTD ABE HEALTH CARE LTD ABLE DIGITAL CONSULTING LTD. ABSOLUTE PROPERTY SERVICES GROUP LTD ACCIDENT CLAIM…
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Winding up Petitions have been issued and advertised in the London Gazette for the following companies: A.G. LAMB LTD ACQUISITION 395446180 LTD ACQUISITION 395448370 LTD ACS FACILITIES LTD ADC TRADING (UK) LTD ADRIAN V LTD AESTHETICS OF LONDON LTD AIREDALE ENVIRONMENTAL SVS LTD ALBY DISTRIBUTION GROUP LTD ALEGRO ADVISORS LTD AMB ROOFING SERVICES LTD ARCRO HOLDINGS…
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The Insolvency Service has handed out 573 director disqualifications lasting more than five years in 2016/17, the highest figure since 2010/11. In 2015/16, it handed out 532 bans. Data from the regulator showed that, in total, there were 1,214 director disqualifications in 2016/17, compared with 1,210 one year earlier. The regulator said the average period of…
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The number of debt decrees registered against Scottish companies rose by 21 percent during the first quarter of the year, according to figures released today by Registry Trust. Over the same quarter the average value of a company decree rose by five percent. By contrast decrees against businesses which were not incorporated moved strongly in…
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The latest results Insolvency statistics from The Insolvency Service for Quarter 1 (January to March 2017) reveal that Company Insolvency numbers have gone down. The main findings of the report were: Total company insolvencies in Q1 2017 decreased compared with the unusually high level in the previous quarter, when a large number of connected personal service…
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Accountant in Bankruptcy (AIB) has published Scotland’s latest Insolvency figures. The number of Scottish registered companies becoming insolvent or entering receivership decreased in the fourth quarter of 2016-17, with 155 companies becoming insolvent compared with 230 in 2015-16 Q4. The number of members’ voluntary liquidations (solvent liquidations) decreased from 358 to 119 over the same period.…
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Duff & Phelps has appointed Allan Graham as Managing Director of its Restructuring Advisory practice. Graham will focus on Duff & Phelps’ mid-market restructuring and insolvency cases nationwide. Graham joins Duff & Phelps from KPMG, where his 27-year career included 19 years as a Restructuring partner. Having been based in the Midlands for half of…
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Adrian Hyde, a Partner at CVR Global LLP, has been appointed as the new president of R3. Throughout his career, Hyde has worked on a wide range of insolvency matters, primarily focussed on contentious insolvency, tackling crime, and fraud related cases, along with overseas issues at offshore jurisdictions and business centres. Prior to joining CVR,…
Read moreShulmans has announced it is strengthening its business recovery and insolvency team with a new appointment and an internal promotion. Lucy Clark, who join the company in 2013, has now been promoted to Associate. Lucy has specific expertise in investigatory work and asset realisation in complex bankruptcies, in addition to extensive knowledge of all matters…
Read moreThe Insolvency Practitioners Association (IPA) has appointed Ruth Duncan as its new President. Ruth takes office with immediate effect and serves as the Association’s figurehead and Chair of its board of directors for the next twelve months. Ruth, launched RNF Business Advisory (which has offices in Maidstone and London) in 2013, with more than 30…
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Liquidation notices have been issued and advertised in the London Gazette for the following companies: (BE)SPOKE DERBY LTD 189 PICCADILLY LTD 1DS SOLUTIONS LTD 1GAS & POWER LTD 2GEN MOTORS LTD 3X3 SOLUTIONS LTD 4 COUNTIES FARM SERVICES LTD 434 THE PLEDWICK WELL INN LTD 52N RESOURCING SOLUTIONS LTD 63 DEGREES LTD 7074 LTD A &…
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