Credit, Collections & Insolvency News
In November Winding Up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: 2FOLD PRINT LTD. 3XY DEVELOPMENTS LTD 4 FUN LTD ABSOLUTE COMPANY SERVICES LTD AC PARL STREET LTD AFRICA SHIPPING SERVICES LTD ASSURED PAINTING CONTRACTORS LTD ATLAS TRAVEL & CULTURE LTD BETTER CHOICE BUILD COMPANY LTD BIG…
Read moreZog Energy has ceased trading, the company claimed that it was unable to secure the gas hedges it previously agreed with its gas shipper CNG. The energy company has served around 11,700 domestic gas customers, is the 27th energy retailer to exit via the Supplier of Last Resort process so far this year. Under Ofgem’s…
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Ofgem has announced the collapse of two more energy firms as number of households affected by a supplier failure nears 4 million. That brings the total number of suppliers that have failed to 24 in fewer than 12 weeks, Entice Energy, which comprises both Entice Energy Supply and Simply Your Energy, and Orbit Energy, are to…
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Government support of energy provider Bulb, which is set to continue to operate under a Special Administration Regime (SAR), is set to cost £1.7billion. The funds will allow Bulb to continue supplying energy to customers. Bulb will be run by administrator Teneo until a buyer can be found or until its customers have moved. A…
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The number of business insolvencies (liquidations and receiverships) in Scotland rose by 58% in October 2021 when compared with October 2020 according to latest Accountant in Bankruptcy (AiB) figures. In October 2021 there were 68 company insolvencies registered in Scotland, 58% higher than in October 2020 but 18% lower than in October 2019. This comprised…
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Latest statistics from the Insolvency Service have shown that Northern Irish business insolvencies increased by 75% whilst personal insolvencies declined by 1% in the latest monthly figures. In October 2021 there were 102 personal insolvencies in Northern Ireland, 11% lower than October 2020 and 56% lower than October 2019. This consisted of 95 IVAs, four…
Read moreLatest figures from the Insolvency Service has shown that the number of businesses in England and Wales that business insolvencies fell by 3% in October to a total of 1,405 compared to September’s total of 1,449, and increased by 63.6% compared to October 2020’s figure of 864. The increase in company insolvencies compared to October…
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Energy companies, Neon Reef and Social Energy Suppl, have announced they are ceasing to trade, meaning that 21 energy suppliers have collapsed since the start of September. Neon Reef supplies around 30,000 domestic electricity customers, and Social Energy Supply supplies around 5,500 domestic customers. Under Ofgem’s safety net, customers’ energy supply will continue and funds…
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Savants Restructuring and Savants Covenant Advisory have appointed Quantuma to oversee their own administration with immediate effect. The company has ceased to trade with immediate effect, after Adrian Duncan, a sole practitioner and Director of Savant, had his insolvency licence withdrawn by the Insolvency Service. Carl Jackson and Michael Hall of business advisory firm Quantuma…
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New research from CompanyDebt has predicted an incoming wave of business failures among the UK’s construction sector. The report says that supply and demand in the global energy market have pushed prices to a record high this month in what industry pundits are called a ‘perfect storm.’ Energy prices are now over 250% higher than…
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In October the following administration notices have been issued and advertised in the London Gazette for the following companies: ACCENTHANSEN LTD ACHIEVEMENT FOR ALL (3AS) LTD AE AEROSPACE LTD AVPE DURHAM LTD AVRO ENERGY LTD BARLOW’S (PROPERTIES) LTD BBS GRANITE CONCEPTS LTD BISHOPSGATE CONTRACTING SOLUTIONS LTD BLUE MARBLE HOLDINGS LTD CAPITAL DATA MANAGEMENT LTD CAPITAL…
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Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in October: (JAS) THE HOUR GLASS LTD 102 COUTURE LTD 1A AUTOSCREENS LTD 1ST CHOICE SKIP & GRAB HIRE LTD 2020 LEISURE LTD 247 GT LTD 29 PRODUCTS LTD 2PLAY INC LTD 360PIC LTD 4.T.W.C. LTD…
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In October Winding Up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: ALBION CONSULTANTS UK LTD ALE PILING LTD ANCESTORS OF DOVER LTD ASHTON WOOD LTD BARNSTAPLE ESTATE PROPERTIES LTD BRYANT HOUSE LTD BUILD MODULAR LTD CFL FINANCE LTD CHAPPELL CREST LTD COOKSON DEVELOPMENTS LTD DRAGON FIRE SYSTEMS…
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