Credit, Collections & Insolvency News
Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in September: 10-12 RUSSELL SQUARE Q LTD 1A PIZZA HOUSE LTD 1ST CALL ELECTRICAL (UK) LTD 2012 LTD 27FIBRE LTD 290 PIZZA LTD 2NWEST BUILDERS AND DECORATORS LTD 365 PROTECT LTD 3D PRINTZ LTD 4 OFFICE…
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In September Winding Up Petitions (Companies) were issued and advertised in the London Gazette for the following companies: 18 BIKES LTD 24 SECURITY SERVICES LTD 2NBW INVESTMENTS LTD 3R ENERGY UK LTD A CANCAO DE LISBOA LTD A N R SPECIALISTS LTD ABBY LOGISTICS LTD ACTIVE NEURO LTD ADMIRAL CONSTRUCTIONS LTD AK&H TELECOMS LTD AKS…
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Latest figures from the Insolvency Service have shown that there were 1,953 business insolvencies in August 2024, a decrease by 9% in August 2024 compared to July’s total of 2,144, and decreased by 14.6% compared to August 2023’s figure of 2,286. The business insolvencies consisted of 279 compulsory liquidations, 1,542 creditors’ voluntary liquidations (CVLs), 112…
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Latest figures from Accountant in Bankruptcy (AiB) have shown that business insolvencies fell by 9% in August 2024. In August 2024 there were 102 business insolvencies registered in Scotland, this was 9% lower than the number in August 2023. The total number of business insolvencies was comprised of 56 CVLs, 42 compulsory liquidations, two administrations…
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The latest monthly statistics from the Insolvency Service have shown that business insolvencies decreased by 35% and personal insolvencies decreased by 8%. The data shows that in August 2024, there were 11 business insolvencies registered in Northern Ireland, 8% lower than in August 2023. The total number of company insolvencies comprised of one compulsory liquidation,…
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In August the following administration notices were issued and advertised in the London Gazette for the following companies: 108 MEDIA LTD A E CHILLED LTD ACE GLOBAL TRADING LTD ADLUDIO LTD AF ACCIDENT REPAIRS LTD ALTEC ENGINEERING LTD ANARCHY BREW CO. LTD ARCTREND LTD ARG MAXELA UK LTD ASTRADENT (3) LTD AVANTE PROPERTY DEVELOPMENTS LTD…
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Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in August: 10975648 LTD FORMERLY KNOWN AS EFDUK LTD 1HUTCH CREATIVE SERVICES LTD 20 20 OPTICAL SERVICES LTD 24/7 FLOORING LTD 29 ATELIER LTD 2K TIGER LTD 2MC HOLDINGS LTD 3 FUTURES LTD 303 LONDON LTD…
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In August Winding Up Petitions (Companies) were issued and advertised in the London Gazette for the following companies: 10442565 LTD 10449758 LTD 12 RAYS LTD 123 RETAIL LTD 13408494 LTD 2GO COURIERS LTD 2LY PROMOTIONS LTD 3 COUNTIES CAR SALES LTD 3CRISK LTD 777 PARTNERS UK LTD 8 AVENUE LTD A FIRST CALL PLANT HIRE…
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New research by PwC has found that nearly 7,000 shops (6,945) have closed so far in 2024, with this the equivalent of 38 shops per day. When new shop openings are factored in, there is a new closure rate of 12 shop a day. The net closure rate in the same period of 2023 was…
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Two connected corporate rescue firms which encouraged directors struggling with company debts to sell their businesses and avoid liquidation have been shut down. Atherton Corporate (UK) Ltd and Atherton Corporate Rescue Limited, both of which traded under the Atherton brand, claimed their services were ‘a legal alternative to using insolvency practitioners’. They helped sell companies…
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Latest figures from the Insolvency Service have shown that there were 2,191 business insolvencies in England & Wales in July 2024, 7.3% lower than in June 2024 (2,363) but 15.9% higher than the same month in the previous year (1,890 in July 2023). The insolvencies consisted of 320 compulsory liquidations, the highest monthly number since…
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The latest monthly statistics from the Insolvency Service have shown that business insolvencies increased by 54% and personal insolvencies increased by 41%. The data shows that in July 2024 there were 20 business insolvencies registered in Northern Ireland, 54%, this was higher than in July 2023. The business insolvencies comprised of 10 CVLs, five compulsory…
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Latest figures from Accountant in Bankruptcy (AiB) have shown that business insolvencies in Scotland increased by 21% in July 2024. In July 2024 there were 117 business insolvencies registered in Scotland, which was 21% higher than in July 2023. The insolvencies comprised of 76 CVLs, 33 compulsory liquidations and eight administrations. There were no CVAs or receivership…
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