Credit, Collections & Insolvency News
Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies: 10 DESIGN AND CONSTRUCTION LTD 10ACIA RIBCHESTER LTD 1990LONDON LTD 2 D SIGN INSTALLATION LTD 3 E SOLUTIONS LTD 3RD I CCTV LTD 53/39 LTD 5TH GENERATION LTD 888 ACCESS CONSULTANTS LTD 99 LTD EDITIONS (ALSO TRADING…
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Administration notices have been issued and advertised in the London Gazette for the following companies: 6TH GEAR EXPERIENCE LTD AL UMMAH LTD ALUMINIUM R.W. SUPPLIES LTD AMSPHERE LTD APPLE PANELS LTD APPLEGARTH DENE LTD ARDOR BIOMASS LTD ARDOR ENERGY HOLDINGS LTD ARJO WIGGINS FINE PAPERS LTD ARJOBEX LTD ARJOWIGGINS CHARTHAM LTD ARJOWIGGINS SOURCING LTD AW UK…
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The total number of judgments in 2018 against Irish businesses is at a record low, with business debt down 15 percent on last year. For the seventh consecutive year, the number of business judgments issued declined; 575 judgments were registered in 2018, a record low. Compared to 2017, the total value of business judgments fell…
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The total value of decrees against Scottish businesses rose in 2018 compared to the previous year. But the total value of decrees against companies – the generally larger incorporated businesses – dropped to the lowest annual figure on record, according to figures released by Registry Trust. There were 3,057 decrees issued against businesses in Scotland during…
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The number of businesses in ‘significant’ financial distress now stands at 481,000, leaping by 15,000 during Q4 2018, after a winter of uncertainty, according to the latest Red Flag Alert research from Begbies Traynor. The hardest hit sector was real estate and property, which not only saw a 7% (3,134) increase in the number of…
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Latest figures from the Insolvency Service for Northern Ireland show that there were 73 company insolvencies between October and December. 34 were compulsory liquidations while 26 were creditors’ voluntary liquidations. There were also eight administrations and five company voluntary arrangements. That total of 73 was 19.8 percent lower than the same quarter in 2017 and…
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The Insolvency Service has published the latest business insolvency statistics for England and Wales for Quarter 4 2018 (October to December 2018) which show that that the underlying number of company insolvencies increased in 2018 to 16,090, the highest level since 2014. Seasonally adjusted corporate insolvencies fell by 9% in Q4 2018 compared to Q3 2018…
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Insolvency and restructuring firm CVR Global is doubling its office footprint in Kent to facilitate the firm’s continued growth. One year after launching their insolvency and restructuring office in Medway, Kent, CVR Global are moving to new premises at the Innovation Centre on Maidstone Road, near Rochester Airport. Since opening CVR Global’s Kent office in…
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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…
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