Credit, Collections & Insolvency News
In March, Winding Up Petitions (Companies) were issued and advertised in the London Gazette for the following companies: 1 CHARLES STREET LTD 111280 LTD 18-19 BUCKINGHAM GATE INVESTMENTS LIMITED 3 B’S FOOD GROUP LTD 3P EFFECTS DECORATING LTD 3RD SECTOR ESTATES LIMITED 4 IN 1 EXPRESS TAKEAWAY LTD 4PE SYSTEMS LTD 713 HOMES LIMITED 7EN…
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The number of companies in the UK filing for administration remained steady during Q1 2025 according to analysis by Interpath. Interpath expects that insolvencies to rise sharply as businesses grapple with the impact of new US tariffs on their organisations and the wider economy. Analysis of Companies House data by the international advisory firm shows…
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Latest data has shown that in Quarter 1, business closures in the UK surged to their highest level since 2021, this was before the impact of US trade tariffs and the latest date for the government’s increase in National Insurance contributions. According to insolvency notices in the Gazette, 2,718 companies shut down between January and…
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New data from PwC has found that retail stor closures have stabilised sitting at -3,802 stores across high streets, retail parks and shopping centres. The results for 2024 show that retail is witnessing a promising recovery as chain outlet closures fall to their second lowest level in a decade, with 12,804 closures reported. This marks…
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Latest analysis by Allianz Trade has predicted that global business insolvencies will keep rising over the next two years. Insolvencies rose by 10% in 2024, and are expected to grow by 6% in 2025 and 3% in 2026. This would result in five successive years of increasing insolvencies (2022 – 2026). The UK bucks both…
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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 2.9% in February 2025 to a total of 2,035 compared to January 2025’s total of 1,978, and decreased by 7% compared to February 2024’s figure of 2,188. The business insolvencies consisted of 393 compulsory…
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In February the following administration notices were issued and advertised in the London Gazette for the following companies: ABBEYGLEN (TEKELS PARK) PROPERTIES LIMITED ACHESON CONSTRUCTION LIMITED ADSTOCK BULK SOLUTIONS LIMITED AERISTECH LIMITED ALICIA JAMES LIMITED ANTS DRILLING SERVICES LIMITED ARCHER PUBLICATIONS LIMITED ARMCLAIM LIMITED ARTEZZAN RESTAURANTS LIMITED ASHVILLE AGGREGATES AND CONCRETE LIMITED ASHVILLE COMMERCIALS LIMITED…
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Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in February: 123 TOOLS LTD 12GP MANAGEMENT LIMITED 1892 OPTICAL & HEARING LIMITED 2009 CABOT CIRCUS BRISTOL (LEASECO) LIMITED 2SS CONTRACTORS LTD 300 DEGREES LIMITED 360 REMARKETING LIMITED 3D LINE LTD 72JDOTORG LIMITED 777 INVESTMENTS LIMITED…
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In February, Winding Up Petitions (Companies) were issued and advertised in the London Gazette for the following companies: 3 KH LTD 3M INSTALLATIONS LTD 40 TOLC FISH LTD 465ISH LTD A & E (LONDON) LTD A W J CONSTRUCTION LTD A&D LEISURE AND HOSPITALITY LIMITED AASEYA SOFTWARE SERVICES (UK) LIMITED ABEL BROTHERS LIMITED ABS HOME…
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Latest figures from the Insolvency Service have shown that the number of registered business insolvencies in England and Wales in January 2025 was 1,971, 6% higher than in December 2024 (1,852) and 11% higher than the same month in the previous year (1,780). The business insolvencies consisted of 269 compulsory liquidations, 1,546 creditors’ voluntary liquidations…
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Latest figures from Accountant in Bankruptcy (AiB) have shown that business insolvencies in Scotland fell by 15% in January 2024 The data showed that there were 75 business insolvencies registered in Scotland, 15% lower than the number in January 2024. The business insolvencies was comprised of 37 CVLs, 32 compulsory liquidations and six administrations. There…
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Latest monthly statistics from the Insolvency Service have shown that personal insolvencies rose whilst business insolvencies fell in Northern Ireland. The data showed that in January 2025, there were 141 personal insolvencies. This was 26% higher than in January 2024. The insolvvencies comprised of 97 IVAs, 20 bankruptcies and 24 DROs. The business insolvency data…
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Latest data from the insolvency showed that the construction industry experienced the highest number of insolvencies in the 12 months to December 2024 at 4,032, making up 17% of all industry cases. Kelly Boorman, National Head of Construction at RSM UK, said “The latest rise in construction insolvencies shows the extent of the debt burden…
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