Credit, Collections & Insolvency News
Latest monthly statistics from the Insolvency Service show that business and personal insolvencies increased in Northern Ireland in June 2025. The data showed that there were 25 business insolvencies registered, 47% higher than in June 2024. The insolvencies comprised of 14 compulsory liquidations, seven CVLs, three CVAs and one administration. There were no receivership appointments. Personal insolvency…
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The Insolvency Service has announced ambitious and transformational plans to play a more prominent role in the fight against economic crime and be recognised as the UK’s leading authority in enforcing corporate and insolvency standards. The strategy commits the agency to broadening its remit, taking robust action against criminals who defraud businesses and taxpayers, and…
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As economic pressure mounts and further tax hikes loom, over half (54%) of small and medium-sized businesses (SMBs) say one more major cost hike could force them to shut down. The same number believe today’s economic climate is even more volatile than the Covid-19 crisis, according to research by Dext. The research shows that a year…
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In June, the following administration notices were issued and advertised in the London Gazette for the following companies: 79TH COMMERCIAL ONE LTD 79TH LUXURY LIVING FOUR LIMITED A B DEVELOPMENTS (YORKSHIRE) LIMITED AGFORM LIMITED AIDRIVERS LTD ALEGATUM LIMITED ALFRED CHARLES HOMES (BRACEY’S FIELD) LTD ALUFOLD DIRECT LIMITED ANDREW PLASTICS LTD APPLIANCE HOUSE LTD ARMADILLO MANAGED…
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Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in June: 1903 HOOTON PAGNELL LTD 1950`S BOUTIQUE LTD 1ST FACILITY MANAGEMENT LIMITED 1ST RAPID MAINTENANCE LTD 2048 ORACLE CENTRE READING (LEASECO) LIMITED 2MW HEWORTH LTD 2XSTREAM LIMITED 3DM LEISURE LIMITED 3XPOINT LTD. 4 WALLS DEVELOPMENTS…
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In June, Winding Up Petitions (Companies) were issued and advertised in the London Gazette for the following companies: 3 AUK (LONDON) LTD 3011MAPLESIGN LTD 31STOREYS LIMITED 4 GREEN ARCHITECTURE LIMITED 66 HAYMARKET LIMITED 737 LTD A A PROPERTY INVESTMENT (LUTON) LIMITED A K BUILDING & DECORATING LTD A K K SERVICES LTD A WILLIAMS CONTRACT…
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Latest figures from the Insolvency Service have shown that the number of registered business insolvencies in England and Wales increased by 7.9% to 2,238 in May 2025. when compared to April 2025 (2,074) and 15% higher than the same month in the previous year (1,946 in May 2024). The insolvencies consisted of 354 compulsory liquidations,…
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Latest figures from Accountant in Bankruptcy (AiB) have shown that business insolvencies in Scotland increased by 13% in May 2025. The data showed that there were 133 company insolvencies registered, which is 13% higher than in May 2024. The business insolvencies were driven by an increase in compulsory liquidations. The business insolvencies comprised of 56…
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Latest monthly statistics from the Insolvency Service show that in May 2025, business insolvencies increased while personal insolvencies declined in Northern Ireland. The data showed that there were 53 business insolvencies, which was 20% higher than in May 2024. The insolvencies were driven by an increase in compulsory liquidations. The insolvencies comprised of 33 compulsory…
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Insolvency-related activity in Scotland hit a 29-month high in May 2025, according to new research from R3, the UK’s insolvency and restructuring trade body. R3’s analysis of data provided by Creditsafe shows there were 141 cases of insolvency-related activity in Scotland in May – the highest number on record since December 2022’s figure of 142.…
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In May, the following administration notices were issued and advertised in the London Gazette for the following companies: 375 PROPERTIES LIMITED 79TH COMMERCIAL THREE LTD 79TH GRP CLIENT LTD 79TH GRP THREE LTD 79TH LUXURY LIVING FIVE LTD 80SIX LTD A, R & S SHINGDIA ACM COMMERCIAL LIMITED ACM EDUCATION LIMITED ACM LONDON LIMITED AITA…
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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: 1 LIFE U K LTD 3RIO GROUP LIMITED 99 MEDIA ORG LTD A AND S TRADING NW LTD A B DEVELOPMENTS (YORKSHIRE) LIMITED A V CAPITAL UK LIMITED A&V MOTOR ACCIDENT REPAIRS LTD AAA…
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The winners of the 2025 Credit & Collection Industry Awards have been announced following a live in-person event yesterday (Thursday 22nd May) at the Milner Hotel in York There were eighteen winners (four of which were partnership wins) from the twenty awards categories, which were presented by awards compare’ Brennan Reece. The Credit & Collections…
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