Credit, Collections & Insolvency News
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…
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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 &…
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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…
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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 moreInsolvency 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 moreNearly 4,000 businesses ceased trading as increased financial uncertainty gripped the UK in the first quarter of 2017 (Q1). Marginally over two-thirds of the 3,967 insolvencies – 68% – were voluntary, with the overall number rising by 4.5% in real terms compared to the fourth quarter of 2016. The research, carried out on behalf of…
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CVR Global has strengthened its partner team with the appointment of an experienced insolvency and restructuring professional. Charles Turner has joined the insolvency, restructuring, international fraud investigation and asset tracing firm and will be based out of CVR Global’s London office. Turner spent 23 years with PwC and after leaving the firm in 2010 was…
Read moreThere was a sharp increase in the number of county court judgments (CCJs) against companies in England and Wales during the first quarter of the year, according to figures released today by Registry Trust. In Q1 2017, 29,811 CCJs were registered against all businesses in England and Wales. The increase of 36 percent compared with…
Read morePayment 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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