Credit, Collections & Insolvency News
Winding up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: 09232408 LIMITED 1FILM UNIT LIMITED A & A TRANSPORT (CANNOCK) LIMITED A HAPPY CHEF LIMITED A LA CARTE MANAGEMENT LTD A S SITE PREPARATION LTD A.I.M.S SUPPORT SERVICES LIMITED AAC AIR CONDITIONING AND REFRIGERATION LTD ACCELERATE DIRECT LTD…
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Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies: 05655331 LTD 07763245 LIMITED A & L ELECTRICAL LTD A M W NORTH EAST LTD A MELIA TRANSPORT LIMITED A. W. BYRNE (CONTRACTORS) LIMITED A.I.M.S SUPPORT SERVICES LIMITED ABC PRODUCTION SERVICES LIMITED ACCELERATE DIRECT LIMITED ACTIVE START…
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A Responsible Finance Provider (RFP) is set to be wound down after Duff & Phelps was appointed as administrators. Midlands Community Finance was one of the first RFP in the East Midlands when it was set up in 2003. Midlands Community Finance was set up to make loans to financially excluded individuals and businesses that…
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Ofgem has chosen Green Star Energy to take on supplying the customers of Future Energy, which went out of business last week. This follows a competitive process run by Ofgem to get the best deal possible for Future Energy’s customers. Green Star Energy is offering Future Energy’s customers the same price as they were paying…
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Law firm, Hill Dickinson has announced the appointment of Gavin Jones as a partner within the firm’s restructuring and insolvency team in Manchester. Jones was previously the national head of business restructuring at DWF, and returns to Hill Dickinson having worked as an associate at Hill Taylor Dickinson between 1993-97. Jones will be working closely…
Read moreThe Insolvency Service has released its latest statistical release on business insolvency. The statistics show: In the last Quarter of 2017 Company insolvencies increased because of a bulk insolvency event, but the underlying number of company insolvencies decreased. The underlying number of company insolvencies increased in 2017, driven by a rise in creditors’ voluntary liquidations. All…
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Future Energy, a regional energy supplier with about 10,000 domestic customers mainly in the North East and Yorkshire, has ceased trading, energy regulator Ofgem has confirmed. In the announcement, Ofgem has made the following statement “Under our safety net, customers of Future Energy will have their energy supply continue as normal, and their outstanding credit balances will…
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The number of Scottish companies going out of business also continued to fall with total corporate insolvencies also down by 3.8% according to latest figures from Accountant in Bankruptcy (AIB). Total corporate insolvencies dropped from 210 to 202 compared to the same quarter a year ago. The figure for Q3 of 2017-18 is made up…
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Accountant in Bankruptcy (AIB) has published its latest figures which have shown a drop in numbers of sequestrations in the third quarter of 2017-18. Fewer Scots have been made bankrupt in comparison to a year ago. In the third quarter of 2017-18 – between October and December 2017 – there were 1,089 awards of bankruptcy, a…
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The number of companies falling into insolvency in Scotland fell to an eight-year low last year according to new research by KPMG. The report found 832 companies went into administration or liquidation in 2017. The total was the lowest since 2008, when 803 firms entered insolvency. The insolvency figures were 15 per cent lower than in 2016,…
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Business Secretary Greg Clark has welcomed a decision by several banks to set up funds to support small businesses affected by Carillion’s insolvency. Lloyds Banking Group has launched a £50 million fund, HSBC a £100 million fund and RBS has made £75 million of assistance available. It follows a meeting held by Greg Clark yesterday with banks where…
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PwC has been appointed as the special managers to troubled outsourcing giant Carillion, which has announced it is going into compulsory liquidation with immediate effect, putting thousands of jobs and major government infrastructure projects, including the new HS2 high-speed rail link, at risk This weekend saw crisis talks between the company, key financial stakeholders and…
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Britain’s complex tax system has caused a rise in the number of companies collapsing because of their debts to HMRC, according to a report. HM Revenues & Customs has emerged as the largest single creditor in 65% of cases where a business has been liquidated, a Freedom of Information request by Enterprise Tax Consultants has…
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