Credit, Collections & Insolvency News
Latest monthly statistics from the Insolvency Service have shown that business insolvencies doubled and personal insolvencies increased in Northern Ireland in February 2024. The data showed that there were 26 company insolvencies registered in Northern Ireland, twice as many as (100% higher than) in February 2023. This was comprised of nine CVLs, 14 compulsory liquidations, and…
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Almost 5,000 retail chain stores were left empty last year, according to research by the Local Data Company and PwC. The data showed a 33% increase in net closures compared to the previous year. The rise in closures amounts to about 14 store closures each day, with the closure of Wilko greatly contributing to the…
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In February the following administration notices were issued and advertised in the London Gazette for the following companies: 60 CURZON STREET DEVELOPMENTS LTD A TO B DIRECT LTD A. & S. CARPETS & VINYLS LTD A1 COMMS LTD ACACIA (PB) LTD ACP IP HOLDINGS LTD AQUADART BATHROOMS LTD ARRIVAL AUTOMOTIVE UK LTD ARRIVAL UK 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 February: 1 LANDMARK BUILDERS LTD 11097893 LTD 111 HEALTHCARE LTD 129 MOSELEY LTD 13 BAR LTD 1371 LTD 16 CTR LTD 17 CTR LTD 1787 DESIGN LTD 1POUND ISLAND LTD 1ST CALL RECRUITMENT (LINCOLN) LTD…
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In February Winding Up Petitions (Companies) were issued and advertised in the London Gazette for the following companies: 10TEN TALENT LTD 2 INNOVATIVE (LEIC) LTD 2020 HOMES LTD 31 HARLEY STREET LTD 38 EASTBURY AVENUE DEVELOPMENTS LTD 4XL PROFESSIONAL SERVICES LTD A & R PIKE INTERIORS LTD ABILO JOINERY LTD ADANA MANAGEMENT GROUP LTD ADL…
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Business insolvencies in the UK could increase by 10% this year, according to research by Allianz. The insurer’s global insolvency outlook revealed that 15% of small and medium-sized businesses in the UK are at risk of going bust, the highest proportion in Europe. This is compared to 14% in France, 9% in Italy, and 7%…
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The number of restaurants closing across Britain hit a new quarterly high at the end of 2023, with more than 500 closing. 514 restaurants across England, Scotland and Wales permanently closed in the final quarter of last year, compared to 481 in Q2 2023, according to data obtained under the Freedom of Information Act by…
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Latest figures from the Insolvency Service have shown that the number of business insolvencies in England & Wales in January 2024 was 1,769, 5% higher than in the same month in the previous year (1,685 in January 2023). Of the 1,769 registered company insolvencies in January 2024, 1,294 CVLs, which is 6% lower than in…
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Latest figures from Accountant in Bankruptcy (AiB) have shown that business insolvencies in Scotland fell by 19%. In January 2024 there were 88 business insolvencies registered in Scotland, 19% lower than the number in January 2023. The business insolvencies comprised of 34 compulsory liquidations, 46 CVLs, seven administrations and one CVA. There were no receivership appointments.
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Latest monthly statistics from the Insolvency Service have shown that business insolvencies increased whilst personal insolvencies fell in Northern Ireland in January 2024. The data showed that there were 30 company insolvencies, more than twice as many as (114% higher than) in January 2023. The business insolvencies comprised of 17 CVLs, eight compulsory liquidations, four…
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With six retailers have already gone bust in 2024 and two others warning that they may struggle to stay afloat KPMG is warning that more retailers could collapse, with high inflation and a squeeze on personal finances hitting consumer spending. According to figures from Centre of Retail Research (CEBR), over 400 job roles have been…
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In January the following administration notices were issued and advertised in the London Gazette for the following companies: 10859267 LTD A.H.BALDWIN & SONS LTD AB REALISATIONS 2023 LTD ABAKA HOLDINGS LTD ABLRATE ASSETS LTD AGM BATTERIES LTD AIR MANAGEMENT & DESIGN LTD ALAN WEDDELL DRYLINING & PLASTERING LTD ALTELIUM LTD AMTE POWER PLC ANVILGATE 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 January: 1012 THE GREEN LTD 122 OLD HALL STREET LTD 1855 CORNMARKET LTD 2023 RE INVESTMENT MANAGEMENT LTD 21 HUNDRED LTD 2D OR NOT 2D LTD 2ND-WIND PRO SOLUTIONS LTD 365 HEALTH SOLUTIONS LTD 4LEON…
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