Credit, Collections & Insolvency News
Latest statistics from the Insolvency Service have indicated that Northern Irish business insolvencies and personal insolvency figures declined in the latest monthly figures round-up for May. In May 2022 there were 20 company insolvencies registered in Northern Ireland, 2.6 times as many as in May 2021, but 50% lower than May 2019. This was comprised…
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Directors of distressed building firm have been disqualified from running businesses by the Insolvency Service after abusing government support they were not entitled to. David Garry Harrison and Paul Hudson both received 11-year bans after they did not dispute they caused their company to apply for £100,000 worth of bounce back loans it was not…
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A poll by PayPal UK saw two-thirds of SME bosses who have been running their business since before the pandemic say the last two years have been the most challenging for their business. Almost half (47%) fear that the next 12 months could prove even more difficult, with 12% saying there is a strong possibility…
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In May Winding Up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: 1ST ADVANCED SCAFFOLDING SYSTEMS LTD 9 WINDMILL STREET LTD A & R PLUMBING AND HEATING LTD A A RECLAIM LTD A CUT ABOVE CONSTRUCTION LTD A.C.E. (SOUTH WEST) LTD ABU DESIGN & BUILD LTD ACES AUTO…
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Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in May: 80 20 VENTURES LTD A A PROPERTY LTD A K GILBERT LTD A W PROPERTIES (MIDLANDS) LTD A. & R. LLOYD (CHESTER) LTD A.F. DISCOUNT JEWELLERY LTD A.W PHILLIPS LTD A1 FINANCIAL SERVICES LTD…
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In May the following administration notices have been issued and advertised in the London Gazette for the following companies: A.C. CANOE PRODUCTS (CHESTER) LTD A1 SUPA SKIPS LTD ALL OUTDOOR LTD ALMA DE CUBA HOTEL LTD AMBIENT FOODS LTD ANDRON HANDLING LTD ASHCROFT DEMOLITION (CUMBRIA) LTD BARLOWS SERVICES LTD BAYSCAPE RESIDENTIAL (NUMBER 2) LTD BENTLEY…
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Allianz Trade has predicted that business insolvencies will rise by 37% this year with the UK is set to become the first big European economy to reach pre-pandemic levels of corporate insolvencies. The research suggests the surge in insolvencies will be driven by the withdrawal of Covid support schemes, rising commodity prices, supply chain disruption,…
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Latest figures from Accountant in Bankruptcy (AiB) have indicated that business insolvency numbers (liquidations and receiverships) in Scotland increased in April. In April 2022 there were 92 company insolvencies registered in Scotland, 142% (2.4 times) higher than April 2021 but 10% lower than in April 2019. The insolvencies comprised of 17 compulsory liquidations, 73 CVLs,…
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Latest statistics from the Insolvency Service have indicated that Northern Irish business insolvencies increased whilst personal insolvency figures declined in the latest monthly figures round-up for April. In April 2022 there were 13 company insolvencies registered in Northern Ireland, 2.6 times as many as in April 2021, but 32% lower than April 2019. This was…
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Latest figures from the Insolvency Service have shown that the number of business insolvencies in England & Wales decreased by 6% in April 2022 to a total of 1,991 compared to March’s total of 2,119, and increased by 115.2% compared to April 2021’s figure of 925. Business insolvencies were more than double the number registered in…
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In April Winding Up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: 24/SEVEN CONTRACTS (UK) LTD 2TE ISLAND LTD 360 DEGREES MANAGEMENT LTD 3PHASE ELECTRICAL ENGINEERING LTD 999 PLUMBING HEATING & DRAINAGE LTD A J (PLYMOUTH) LTD A J SMITH (TELFORD) LTD A1 SUPA SKIPS LTD ADS REALITY…
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In April the following administration notices have been issued and advertised in the London Gazette for the following companies: 20 – 24 (20-22) LTD 27-33 CAROLINE STREET LLP 35 QR LTD 52 MP LTD 98 LR LTD ABACUS PRINT LTD ACTIVE WEAR LTD ADAPTABLE CONSULTANCY LTD ALDERDALE SEATING LTD ANGLIA RECOVERY LTD APOLLO MEDICAL INFORMATION…
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Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in April: 1 T0 WEAR LTD 1ST GLASS UK WINDOWS AND DOORS LTD 22M LTD 23TSL LTD 2AA REMOVALS LTD 2HANDYSERVICES LTD 3D MEDICAL IMAGING LTD 3F LTD 3UNIQUE LTD 458 CONTRACTS LTD 5 SPICES…
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