Credit, Collections & Insolvency News
Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies: 06606420 LTD 07081565 LTD 08141019 LTD 09874619 LTD 1881 RIPON LTD 209V LTD 21CE INSTALLATIONS LTD 2XL CLEANING SOLUTIONS LTD 3R MEDITERANEAN LTD T/A ROSIE’S MEDITERRANEAN 3S ARCHITECTS AND DESIGNERS LTD 4AMIGOS RESTAURANT (CHESTER) LTD 4D2K LTD…
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Winding up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: 1ST CHOICE PROPERTIES (SRAL) LTD 2 ALL OCCASION SA CATERS LTD 38 WILTON LTD A1 MEAT SUPPLIES LTD ABBEY FIRE EXTINGUISHERS LTD ACA ASPVM GROUP LTD ACCESS CORPORATE LTD ACREMANS TIMBER LTD AIM PERSONNEL LTD AJH TAVERNS LTD…
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Apex Litigation Finance has announced that Stephen Allinson, Chairman of the board of The Insolvency Service, will join the company as an adviser and sit on the investment committee. Allinson is a Solicitor and Licensed Insolvency Practitioner, and has specialised in credit, debt and insolvency work since 1987. Stephen was appointed Chairman of the Board…
Read moreThe Scottish retail sector had its highest ever quarter for insolvencies in the first three months of 2019 according to new analysis of the sector by leading accountants and business advisers French Duncan LLP. In Q1 28 retailers were made insolvent which is already over 40% of the entire figure for 2018 when 68 retailers…
Read moreRetailers are being encouraged to work with insurers to enable informed and accurate trade credit decisions, according to credit insurer Atradius. In its latest Market Monitor report focusing on the retail sector, Atradius highlights the importance of real-time information and close-working relationships with retailers as imperative to credit risk analysis. The advice comes as Atradius…
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The Insolvency Service has published its annual plan 2018-19 business plan outlining targets and priorities Inspector General and Chief Executive,Sarah Albon said that the Insolvency Service is handling the largest and most complex insolvency in the agency’s history. “Through its sheer size and scope, Carillion is touching all corners of the agency, from the official…
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Kingston Smith LLP, the award-winning top 20 UK accounting and business advisory firm, has joined Moore Stephens International, one of the world’s leading global accounting and advisory networks. Centred in London and with 62 partners and 550 staff, Kingston Smith has built an enviable reputation across multiple sectors for providing trusted advice, commercial expertise and…
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New research from Begbies Traynor, the UK’s leading independent insolvency firm, reveals there are now 484,000 UK businesses in significant financial distress, with the property sector particularly affected, giving rise to concerns that the UK could suffer a broader economic slowdown. The Red Flag Alert data for Q1 2019, which monitors the financial health of…
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Accountancy firm KPMG has announced it has a new Partner in its Manchester office. Rick Harrison, will work in the firm’s restructuring practice. Rick brings more than fifteen years’ experience in corporate restructuring, turnaround, refinancing and insolvency to KPMG. Harrison joins the firm from Deloitte where he worked with corporates, lenders and financial sponsors to…
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The Insolvency Service has published its latest insolvency statistics which indicate that the underlying number of business insolvencies increased in England & Wales. Total underlying company insolvencies increased in Q1 2019. Creditors’ voluntary liquidations, administrations and company voluntary arrangements (CVAs) all increased in Q1 2019, while compulsory liquidations decreased. In addition, administrations increased to the…
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Latest figures released by the Registry Trust shows that the number of business debt judgements declined in Ireland during Q1 2019. The number, total value and average value of judgments registered against businesses in Ireland in Q1 2019 were the lowest on record for a first quarter-year, with 112 judgments registered, eight fewer than the…
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A report from trade credit insurer Atradius has revealed that payment delays and insolvencies are expected to weigh heavily on the construction industry this year. The Atradius Construction Market Monitor warns of a negative insolvency outlook for 2019, following an already troubled period since 2017. A catalogue of issues has combined to form a perfect…
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Escalating business rates are continuing to put pressure on London’s hotel industry according to latest figures from Colliers International, Hotel companies are facing new bills for the year ahead which show the third set of rises since the 2017 Revaluation, with many bills double what they were three years ago. Such bills will need to…
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