Credit, Collections & Insolvency News
Our Power, an energy supplier with about 38,000 domestic customers, has ceased to trade. Under Ofgem’s safety net, the energy supply of Our Power’s customers will continue and pre payment meters can be topped up as normal. The outstanding credit balances of domestic customers will be protected. Ofgem will choose a new supplier to take…
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Accountant in Bankruptcy (AiB) today released official statistics reporting personal and company insolvencies in Scotland for the third quarter (October to December 2018) of 2018-19. Scottish corporate insolvencies were up slightly on the same period a year ago with 209 recorded for the third quarter this year, eight more than the same quarter in 2017-18.…
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Despite consumer confidence rising from the lows reported during the 2007-8 financial crisis, the number of corporate insolvency cases is steadily rising with no signs of slowing down. The post-Christmas and New Year period is particularly difficult for businesses that often attribute a downturn in business as a seasonal trend. It is often observed that…
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CVR Global has announced two new senior promotions. CVR Global’s Robert Starkins and Bai Cham have both been promoted to Partners after helping to drive annual turnover and expand the firm’s offerings in existing and new regions. Starkins’ decade-long experience in international asset tracing, fraud investigation and recovery has seen him involved in a number…
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CVR Global LLP has announced that it has appointed Brendan Clarkson from Moore Stephens where he was Head of Creditor Services. During his eight-year tenure, Clarkson quickly built an enviable reputation whereby he would be typically handling well over 50 insolvency assignments per annum. With more than 20 years’ experience working with trade creditors, government…
Read moreThe number of UK business insolvencies is set to rise by 9% this year, even if a deal is agreed with the EU before the Brexit deadline, according to trade credit insurer Euler Hermes. The company’s latest Global Insolvencies Index reveals a further 23,660 businesses are expected to become insolvent in 2019 compared to last…
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A new industry careers site for the credit industry and collections industry has been launched by Credit Connect Media. The website is a careers platform which aims to connect the UK’s top credit and collections industry talent with the best career options. Credit-connection.co.uk is an industry careers website sharing the latest job vacancies and a training course…
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A new report from Euler Hermes has warned that company’s need to prepare for another year of rising insolvencies with based upon the collateral damage of low growth and tightening financial conditions. The report says that in 2018, global insolvencies confirmed an upward trend which started in 2017 after seven consecutive years of sizable declines.…
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The number of retailers entering into administration in 2018 was 125 – compared to 118 in 2017, a marginal increase of 6% according to Deloitte’s latest insolvency figures. In addition, the number of retailers entering into Company Voluntary Arrangements (CVAs) increased by 52%, from 25 in 2017 to 38 in 2018. Deloitte’s research shows the…
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Winding up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: 4SQUARE CLOTHING LTD 60-61 EVERSFIELD PLACE LLP A-Z ACCESSORIES LTD A.M.I.SYSTEMS LTD A1 PLASTICS WINDOWS AND DOORS LTD ABBEY GATE ELECTRICAL LTD ACCALAIDE LTD ACE-BEV LTD ACTIVE LIFE GROUP LTD ACTIVE STORAGE TYSELEY LTD AGE GRACEFULLY LTD AH…
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Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies: 0XDEADFA11 LTD 1ST CHOICE IMPROVEMENTS LTD 20/20 CMT LTD 33 LEISURE LTD 360 STUDIOS, LTD 3B LOGISTICS LTD 404 ENTERPRISES LTD 42ND STREET GRILL LTD 777 SOLUTIONS LTD 777 STORES (WEST EALING) LTD 777 STORES LTD A…
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Administration notices have been issued and advertised in the London Gazette for the following companies: 06132417 LTD ACADEMY CLASS LTD ACCURATE LASER CUTTING (LEEDS) LTD ADVENTURES IN FURNITURE LTD AIR AND CARGO SERVICES LTD ALCHEMY FACILITIES LTD ALMTONE LTD AMICUS FINANCE PLC ANOTHERDATE LTD ATLANTIS ENTERPRISES LTD AVIDEAN LTD BADDOW HOSPITAL COMPANY LTD BARNSDALE HILLS LTD…
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Amicus Finance has announced on its website that it has entered administration. A site statement said ” On December 20th, 2018, Mark Robert Fry, Jamie Taylor and Kirstie Jane Provan were appointed Joint Administrators of Amicus Finance plc (In Administration),(the Company). The Joint Administrators act as agent of the Company and without liability. The news…
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