Credit, Collections & Insolvency News
In August Winding Up Petitions (Companies) were issued and advertised in the London Gazette for the following companies: 1982 LONDON LTD 365 ENERGY LTD 786 SOLUTIONS LTD 86 LTD. A MOTORCOMPANY LTD AAMIR & AHMED LTD AARTEE STEEL OPERATIONS LTD AB GROUP (TRADING) LTD ACM SCAFFOLDING LTD ADDISLAND COURT COMPANY LTD ADDISON WAY LTD ADJOSA…
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Around 7,000 UK businesses are likely to go insolvent every quarter in 2024 as high interest rates cause financial strain and the UK economy enters recession, according to a new report from The Centre for Economics and Business Research (Cebr). Cebr research showed that were over 6,700 business insolvencies in Britain in Quarter 2 2023,…
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HMRC has issued the highest number of winding-up petitions since before the pandemic, according to data from Kroll. D In July 348 winding-up petitions were registered with this the highest number of court orders in any month since 2019. The figures also showed that the number of time-to-pay agreements was up by 20% in Quarter…
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Latest figures from the Insolvency Service have shown that the number of business insolvencies in England & Wales for July 2023 decreased by 20.4% to a total of 1,727 compared to July and decreased by 5.7% compared to July 2022’s figure of 1,831. Business insolvencies increased by 57.6% compared to July 2021 and increased by…
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Latest figures from Accountant in Bankruptcy (AiB) have indicated that Scottish business insolvency numbers (liquidations and receiverships) increased in July. In July 2023 there were 97 business insolvencies registered in Scotland this was 41% higher than the number in July 2022. The business insolvencies comprised of 44 compulsory liquidations, 51 CVLs and two administrations. There…
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Latest monthly statistics from the Insolvency Service have indicated that Northern Irish business insolvencies and personal insolvencies have fallen. In July 2023 there were 13 business insolvencies registered in Northern Ireland, this was 7% lower than July 2022. The business insolvencies comprised of eight CVLs, three compulsory liquidations and two CVAs. There were no administrations…
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Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in July: 0212 ASSOCIATES LTD 1066 FUNCTIONAL FITNESS LTD 2 OUNCES LTD 24 HRS STEEL LTD 24/7 BERKSHIRE RECOVERY LTD 308 ABILITY LTD 381 IT SOLUTIONS LTD 4500 RIVERS LTD 73 MEDIA LTD 7NRG LTD A…
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In July the following administration notices have been issued and advertised in the London Gazette for the following companies: 152 LR LTD 154 LR LTD A & A TRAINING LTD ABERYSTWYTH MARINA LTD ACCLAIM UPHOLSTERY COMPANY LTD ACUMEN CARE SERVICES LTD ADAMO COMMONWOOD MANOR LTD ADAMO RIVERCROFT HOTEL LTD AFFORDABLE FITNESS LTD ART PROJECTS FOR…
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In July Winding Up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: 20190221 LTD 231 HOSPITALITY LTD 4 FOOD LONDON LTD A & U (LONDON) LTD A TO Z COMPONENTS LTD A.B. HAULAGE LTD ABACUS ENERGY ENTERPRISES LTD ACF CONSULTANTS LTD ACTIVE BRAND CONCEPTS LTD ACUTE ELEVATORS LTD…
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Recent figures from the ONS have revealed a 15% drop in insolvencies in the last 12 months, with reports falling from 99,300 to 84,080. Whilst these statistics reflect positivity, the report also points to an ongoing decline of business startups, with Q2 of 2023 being the eighth consecutive quarter where business births have been lower…
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British towns have lost 6,000 retail outlets over the past five years, though the vacancy rate has improved in some settings, according to latest British Retail Consortium figures. The figures showed that the biggest 650 towns across have lost a combined 6,000 retail outlets, such as shops and restaurants, since 2018 with vacancy rates reaching…
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Latest quarterly figures from the Insolvency Service have shown that the number of business insolvencies in England & Wales jumped to 13% in Quarter 2 (Q2) 2023 compared to Q2 2022, and reached the highest level since Q2 2009, Q2 figures were also 8.9% higher than in Q1. The figures show between 1st April and…
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Latest quarterly statistics from the Insolvency Service have indicated that Northern Irish personal insolvencies increased by 4%. In Quarter 2 (Q2) 2023 there were 458 personal insolvencies, 4% higher than the same quarter in 2022. The personal insolvencies comprised 349 IVAs, 47 DROs and 62 bankruptcies. The business insolvencies figures showed that there were 35 company insolvencies…
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