Credit, collections & insolvency news
In July, Winding Up Petitions (Companies) were issued and advertised in the London Gazette for the following companies: 1 CHARLES STREET LTD 13374171190324 LTD 170 WHITEHORSE LTD 3 FUTURES LTD 3 KH LTD A.A. MASTERNAK TRANSPORT LTD A.C DUCTWORK SERVICES LTD AAT LAB LTD ACCOUNTANT4ALL LTD ACT PRODUCTS LTD ADAM REED LTD ADISEL LTD ADVANCE…
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A new study from AptPay has revealed the most common types of companies going bust. The study analysed data from Companies House based on each business’s primary nature of business, using the Standard Industrial Classification (SIC) code they registered under. The research revealed that businesses dealing with the development of building projects (41100) are the…
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Business insolvency numbers (liquidations and receiverships) in Scotland for Q1 2024-2025 decreased by 3.1% compared with Quarter 1 (Q!) 2023-2024, to a total of 283 according to latest figures from Accountant in Bankruptcy (AiB). The figures also decreased by 6% compared with the previous quarter’s total of 301 (January-March 2024). Richard Bathgate, Scotland Chair of…
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Latest figures from Accountant in Bankruptcy (AiB) have shown that business insolvencies in Scotland fell slightly in June 2024. In June 2024 there were 109 business insolvencies registered in Scotland, 4% lower than the number in June 2023. The insolvencies comprised of 60 CVLs, 43 compulsory liquidations and six administrations. There were no CVAs and no receivership…
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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 June 2024. In June 2024 there were 17 business insolvencies registered in Northern Ireland, this was 13% higher than in June 2023. The insolvencies comprised of eight compulsory liquidations, seven CVLs, one CVA and one administration.…
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Latest figures from the Insolvency Service have shown that there were 2,361 business insolvencies in England & Wales in June 2024, 16% higher than in May 2024 (2,040) and 17% higher than the same month in the previous year (2,016 in June 2023). The insolvencies consisted of 302 compulsory liquidations, 1,866 creditors’ voluntary liquidations (CVLs),…
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A court has wound up a Manchester firm which offered unlicensed Insolvency Practitioner (IP) services. Save Consultants Ltd claimed to provide insolvency practitioner services when none of its current or former directors were licensed. Its actions risked undermining the insolvency regime and the company’s directors refused to explain its trading practices to investigators The company…
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The number of insolvencies of pub and bar companies has jumped 30% in the past year, from 602 insolvencies in 2022/2023 to 784 insolvencies in 2023/24 (year end April 30), according to research by UHY Hacker Young. Pub and bar insolvencies continued to rise over the last year with fewer and fewer people willing or…
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In June the following administration notices were issued and advertised in the London Gazette for the following companies: A T PROMOTIONS LTD A.B. GROUP PACKAGING UK LTD AC LANDSCAPES & TREEWORKS UK LTD ACG HOLDCO LTD ADVANCED ONCOTHERAPY PLC BALBY HEALTH-CARE LTD BOWIE CONSTRUCTION LTD BRANDON TRADECO LTD BROWSIDE LTD BUSINESS DOCTORS FRANCHISING LTD CARTWRIGHT…
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Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in June: (UK) WELDEX LTD &OFFICES EUSTON LTD £AITH PROPERTY LTD 06473722 LTD 09288376 LTD 1 BIG DADDY LTD 10 HELMSLEY PLACE LTD 134 RADCLIFFE ROAD LTD 13957821 LTD 15 BISHOPSGATE TENANT LTD 1GS SERVICES OL…
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In June, Winding Up Petitions (Companies) were issued and advertised in the London Gazette for the following companies: 10M GROUP LTD 13168375 LTD 18 – 19 BUCKINGHAM GATE CONSTRUCTION LTD 1989 GROUP LTD 20/21 ART FAIR LTD 2ND GENERATION FACADES LTD 4 SEASONS MEDICAL CENTRE LTD 638 GREEN LANES LTD A.G.S CASTINGS LTD A.L. MEDICAL…
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A total of 879 UK businesses filed for administration in the first six months of 2024 – a 42% and 16% increase compared to 2022 and 2023 respectively, according to analysis by full-service law firm Shakespeare Martineau. Retail, manufacturing, construction, real estate and hospitality were the worst-hit sectors for the second year in a row,…
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Latest figures from the Insolvency Service have shown that there were 2,006 business insolvencies in England & Wales in May 2024, a decrease of 6% when compared to April 2024 figures (2,144) and 21% lower than the same month in the previous year. The business consisted of 271 compulsory liquidations, 1,590 creditors’ voluntary liquidations (CVLs),…
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