Credit, collections & insolvency news
Latest figures from Accountant in Bankruptcy (AiB) have shown that business insolvencies in Scotland increased by 22% in May 2024. In May 2024 there were 118 business insolvencies registered in Scotland, 22% higher than the number in May 2023. The insolvencies comprised of 71 CVLs, 43 compulsory liquidations and 4 administrations. There were no CVAs and no…
Read more
Latest monthly statistics from the Insolvency Service have shown that business insolvencies increased quadrupled, whilst personal insolvencies fell by over 25%r in Northern Ireland in May 2024. The data showed that there were 44 company insolvencies registered in Northern Ireland, the figures were four times higher than in May 2023. The business insolvencies comprised of…
Read more
The construction industry experienced the highest number of insolvencies in the 12 months to April 2024, reaching a total of 4,401 according to analysis of the latest insolvency figures by RSM UK. Kelly Boorman, National Head of Construction at RSM UK, said “Construction insolvencies continued the upward trajectory of previous months, with the industry maintaining…
Read more
Leonard Curtis has announced that it has appointed Peter Vinden as Director. Vinden will bring 30 years of construction dispute resolution expertise to the firm’s restructuring and turnaround division. Vinden, who recently became a non-exec director at Decipher a DeSimone company, the Manchester-based claims consultant, has now formalised a long-standing working relationship with Leonard Curtis…
Read more
Latest figures from the Insolvency Service have shown that the number of business insolvencies in England & Wales in April 2024, increased by 18.4% than in March 2024 (1,838) and 5.4% higher than the same month in the previous year (2,193 in March 2023). The number of registered business insolvencies totalled 2,177. The business insolvencies…
Read more
Latest figures from Accountant in Bankruptcy (AiB) have shown that business insolvencies in Scotland fell by 4% in April 2024. In April 2024 there were 109 company insolvencies registered in Scotland, 4% lower than the number in April 2023. The insolvencies comprised of 48 compulsory liquidations, 59 CVLs, and 2 administrations. There were no CVAs or…
Read more
Latest monthly statistics from the Insolvency Service have shown that business insolvencies increased three-fold, whilst personal insolvencies remained stable in Northern Ireland in April 2024. The data showed that there were 33 company insolvencies registered in Northern Ireland, more than three times as many as (267% higher than) in April 2023. The insolvencies comprised of…
Read more
Latest analysis of insolvency statistics by the RSM UK has found that the construction industry experienced the highest number of insolvencies in the 12 months to March 2024, reaching a total of 4,273. Kelly Boorman, National Head of Construction at RSM UK, said “As expected, in the 12 months to March 2024, construction continued to…
Read more
In April the following administration notices were issued and advertised in the London Gazette for the following companies: 3ACE INTERNATIONAL LTD AAA CLEANING SUPPLY LTD AAD77 LTD ALUMINIUM WINDOWS LTD ARCHITECTURAL GLASS AND ALUMINIUM LTD ARMSTRONG CRAVEN LTD ARSLAN LONDON SECURITY LTD ATLAS WORCESTER WARRIORS RUGBY CLUB LTD BEATTIE PASSIVE BUILD SYSTEM LTD BEATTIE PASSIVE…
Read more
Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in April: 1 CALL CARE C.I.C. 1234 TRAVEL LTD (FORMERLY HOLIDAY WITH US LTD) 123T LTD 186 RESTAURANT CO LTD 2A LOGISTICS LTD 2PEDALZ LTD 349 DDR LTD 360 PROPERTY SERVICES LEEDS LTD 3H MEDIA INTERNATIONAL…
Read more
In April, Winding Up Petitions (Companies) were issued and advertised in the London Gazette for the following companies: 02262749 LTD 11222557 LTD 12810061 LTD 186 RESTAURANT CO LTD 1862 LTD 2 SAREN HOUSE MANAGEMENT LTD A.B. BUTCHERS LTD A&K RESTAURANTS LTD ABBEY PLASTERING & CONSTRUCTION SERVICES LTD ABINGDON OAK LTD ACCESS PROPERTY FINANCE LTD ACKA…
Read more
Latest figures from the Insolvency Service have shown that the number of business insolvencies in England & Wales in March 2024, was 17% lower than in February 2024 (2,177) and 17% lower than the same month in the previous year (2,193 in March 2023). The number of registered business insolvencies totalled 1,815 with insolvencies comprising…
Read more
Latest figures from Accountant in Bankruptcy (AiB) have shown that business insolvencies in Scotland rose by 11%. In March 2024 there were 115 company insolvencies this was 11% higher than the number in March 2023. The insolvencies comprised of 44 compulsory liquidations, 62 CVLs, and 9 administrations. There were no CVAs or receivership appointments.
Read more