INSOLVENCY NOTICES: Appointment of Administrators – October 2024

In October the following administration notices were issued and advertised in the London Gazette for the following companies: 10463817 LIMITED A. M. C. (U.K.) FASTENERS LIMITED A3D2 LIMITED ACTIVE ARENA CIC ADVANCED BACTERIAL SCIENCES LIMITED AFFINITY CLASSICS & ENGINEERING (ACE) LTD AFFINITY LEASING LIMITED ARMSTRONG TEASDALE LIMITED ARMSTRONG TEASDALE MANAGEMENT LIMITED ASHTON BESPOKE LIMITED BELA…

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LIQUIDATION NOTICES: Creditors Voluntary Winding-Up – October 2024

Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in October: 18 BIKES LIMITED 1ST FOCUS LIMITED 1ST STOP CLEANING LTD 2020TRADES LTD 29 HIGH STREET EAST GRINSTEAD LTD 2ASTAR DRYLINING LTD 30 AGINCOURT LTD 3RIT LTD A.D.G. CONSULTANCY LIMITED A.E. TRANSPORT LIMITED A1WEBSTATS LTD…

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INSOLVENCY NOTICES: Winding Up Petitions – October 2024

In October, Winding Up Petitions (Companies) were issued and advertised in the London Gazette for the following companies: 10408929 LTD 123 EMPLOYEES LTD 13268073 LTD 2GO COURIERS LIMITED 3RD SECTOR ASSIST LIMITED 77 PROPERTY 4 LIMITED 77 PROPERTY LIMITED 85 GRACE CAFE LTD A & M PAKISTAN CATERING LTD A & R HAULAGE (UK) LIMITED…

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UK fashion manufacturers insolvencies rise by 23%

25th October 2024 Business |

Insolvencies of UK fashion manufacturers have risen 23% in the past year, with 106 companies going under in the year to July 2024, up from 86 companies in the previous year, says Forvis Mazars, the international tax and advisory firm. The fashion industry has been hit hard by the cost-of-living crisis in the UK whilst…

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Scottish business insolvencies rise by 10.6%

Business insolvency levels rose by 10.6% year-on-year in Scotland in Quarter 2 according to new statistics from Accountant in Bankruptcy to a total of 313. Iain Fraser, Chair of the Scottish Technical Committee at R3, the UK’s insolvency and restructuring trade body, and a Partner at FRP Advisory, said: “Despite the increase in corporate insolvencies, Scotland’s…

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Business insolvencies decreased by 7.4% in September

21st October 2024 Business | #business insolvencies

Latest figures from the Insolvency Service have shown that there were 1,973 business insolvencies in September a decrease of 7.4% when compared to August’s total of 1,943. The business insolvencies consisted of 226 compulsory liquidations, 1,575 creditors’ voluntary liquidations (CVLs), 155 administrations and 17 company voluntary arrangements (CVAs). CVLs accounted for 80% of all company insolvencies. The…

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Scottish business insolvencies fall by 16%

Latest figures from Accountant in Bankruptcy (AiB) have shown that business insolvencies fell by 16%. In September 2024, there were 73 business insolvencies registered in Scotland, 16% lower than the number in September 2023. The total number of business insolvencies was comprised of 48 CVLs, 18 compulsory liquidations and seven administrations. There were no CVAs…

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Northern Irish personal insolvencies increase whilst business insolvencies fall

Latest monthly statistics from the Insolvency Service have shown that personal insolvencies increased by 20% and business insolvencies decreased by 24% in Northern Ireland. The data shows that in September 2024, there were 155 personal insolvencies in Northern Ireland. This was 20% higher than in September 2023. The personal insolvencies consisted of112 IVAs, 24 bankruptcies…

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Global insolvencies predicted to rise by 11%

21st October 2024 Business | #global insolvencies

Allianz Trade has forecasted an 11% rise in 2024, followed by an additional 2% increase in 2025, according to its latest Global Insolvency Report. In its latest  report it reveals a more severe outlook for the global business landscape, with insolvencies projected to climb by 11% in 2024 – an even steeper rise than previously…

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One in ten pubs face risk of closure

9th October 2024 Business |

Analysis by Price Bailey shows that a tenth of all UK pubs are at risk of closure, with one in five classified as technically insolvent. The study examined the credit risk scores and balance sheets of 37,961 pubs, finding that 7,445 have negative net assets, making them vulnerable to bankruptcy. Notably, 4,310 pubs are at…

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Howard Kennedy appoints new Insolvency Partner

9th October 2024 Appointments |

London law firm, Howard Kennedy has announced the appointment of Crispin Daly as Insolvency Partner. Daly focuses on complex domestic and cross-border insolvency and litigation mandates. He represents insolvency office holders, debtors, creditors and creditors’ committees, shareholders, and directors in a variety of contentious and non-contentious situations. Daly joins Howard Kennedy from Paul Hastings LLP…

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INSOLVENCY NOTICES: Appointment of Administrators – September 2024

In September the following administration notices were issued and advertised in the London Gazette for the following companies: 11052310 REALISATIONS LTD ABILITY RECRUITMENT SOLUTIONS LTD ADVIZA PARTNERSHIP AJ GALAXY LTD AK MIDLANDS WHOLESALE LTD ALDERLEY FARMS LTD ALEXANDRA PETER LTD ANCESTREL WINES LTD ANGUS PRINT LTD AQUALUX PRODUCTS LTD ASSURANCE CARE LTD ATLAS COMMODITIES LTD…

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LIQUIDATION NOTICES: Creditors Voluntary Winding-Up – September 2024

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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