Latest figures from the Insolvency Service have shown that the number of registered business insolvencies in England and Wales was 1,966 in November 2024, 13% higher than in October 2024 (1,743) and 12% lower than the same month in the previous year (2,243 in November 2023). The business insolvencies consisted of 254 compulsory liquidations, 1,565…
Read moreThe latest monthly statistics from the Insolvency Service have shown that personal insolvencies rose by 30%, while business insolvencies fell by 47%. The data showed that in November 2024 there were 16 business insolvencies registered in Northern Ireland, 47% lower than in November 2023. The business insolvencies was comprised of three compulsory liquidations, 10 CVLs,…
Read moreLatest figures from Accountant in Bankruptcy (AiB) have shown that business insolvencies increased by 5%. In November 2024, there were 114 business insolvencies registered in Scotland, 5% higher than the number in November 2023. The insolvencies comprised of 55 CVLs, 54 compulsory liquidations and five administrations. There were no CVAs or receivership appointments.
Read moreIn November the following administration notices were issued and advertised in the London Gazette for the following companies: ACCUMIX CONCRETE LIMITED AD FILMS LTD ADVANCED OPTICAL LIMITED ADVATEK (UK) LIMITED ALLPLANTS LTD ALPHACARE NW DOMICILIARY AND SUPPORT SERVICES LTD ARCHITECTURAL LOUVRE PRODUCTS AND SERVICES LIMITED ARCHITECTURAL PANEL SOLUTIONS LIMITED ASCENSION HEALTHCARE DEVELOPMENT LIMITED ASCENSION HEALTHCARE…
Read moreCreditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in November: @HOME PC (UK) LIMITED 10 YETIS MARKETING & PR LIMITED 1ST 4 VENDING LTD 2 UN LIMITED 21ST CENTURY ALPHA LIMITED 27 DEVON LTD 28B LEISURE LTD 365PROJECTS LTD 3DMX CONSULTING LIMITED 400 SHOOT…
Read moreIn November, Winding Up Petitions (Companies) were issued and advertised in the London Gazette for the following companies: 13 SOUTH SAINT ANDREW STREET LTD 24/7 SHIPPING LIMITED 4 SEASONS MEDICAL CENTRE LTD 72ND AND MAD LIMITED 77 PROPERTY 7 LIMITED 8 DUCT LTD A J B SKIP HIRE LTD A MART LIMITED A.A.T WELDING ENGINEERS…
Read moreAaccountancy and advisory firm Azets has signalled service-line growth with the promotion of Mark Barrie to Head of Debt Advisory. Barrie, previously Funding & Strategic Partnership Director, will be assisting business owners and managers with new funding lines, working with intermediaries and mainstream and independent lenders. Barrie is a Chartered Banker, leads a national team…
Read moreMore than one in ten (12%) restaurants are at imminent risk of closure as their financial position has worsened over the last 12 months, according to an analysis of financial data by Price Bailey. The research analysed the credit risk scores and balance sheet information of all 50,900 British restaurants. It found that 10,388 (20%…
Read moreLatest figures from the Insolvency Service have shown that the number of business insolvencies in England and Wales was 1,747 in October 2024, 10% lower than in September 2024 (1,950) and 24% lower than the same month in the previous year. The business insolvencies figures consisted of 188 compulsory liquidations, 1,445 creditors’ voluntary liquidations (CVLs), 100…
Read moreLatest figures from Accountant in Bankruptcy (AiB) have shown that business insolvencies increased by 18% In October 2024, there were 116 business insolvencies registered in Scotland, 18% higher than the number in October 2023. The total number of business insolvencies comprised of 50 CVLs, 60 compulsory liquidations, five administrations and one receivership appointment. There were…
Read moreLatest monthly statistics from the Insolvency Service have shown that personal and business insolvencies rose in October 2024. The data showed that there were 155 personal insolvencies in Northern Ireland. This was 24% higher than in October 2023. The insolvencies consisted of 99 IVAs, 23 bankruptcies and 33 DROs. Business insolvency figures showed that there were…
Read moreLatest data from the Insolvency Service showed that the construction industry experienced the highest number of insolvencies in the 12 months to September 2024, reaching a total of 4,264. Commenting on the data, Kelly Boorman, National Head of Construction at RSM UK, said “Challenges remain for the construction industry following the collapse of several major firms…
Read moreResearch by Forvis Mazars has found that insolvencies of logistics companies’ have risen 14% in the past year, from 464 in 2022/23 to 530 in 2023/24. Many logistics businesses were set up during the pandemic to meet the sudden rise in demand for home delivery. As this surge in demand reversed, some of these companies…
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