Shulmans expands insolvency team

13th April 2017 Commercial Credit Management |

Shulmans has announced it is strengthening its business recovery and insolvency team with a new appointment and an internal promotion. Lucy Clark, who join the company in 2013, has now been promoted to Associate. Lucy has specific expertise in investigatory work and asset realisation in complex bankruptcies, in addition to extensive knowledge of all matters…

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IPA appoints new President

10th April 2017 Commercial Credit Management |

The Insolvency Practitioners Association (IPA) has appointed Ruth Duncan as its new President. Ruth takes office with immediate effect and serves as the Association’s figurehead and Chair of its board of directors for the next twelve months. Ruth, launched RNF Business Advisory (which has offices in Maidstone and London) in 2013, with more than 30…

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LIQUIDATION NOTICES: Meeting of Creditors – March 2017

4th April 2017 Commercial Credit Management |

Liquidation notices have been issued and advertised in the London Gazette  for the following companies: (BE)SPOKE DERBY LTD 189 PICCADILLY LTD 1DS SOLUTIONS LTD 1GAS & POWER LTD 2GEN MOTORS LTD 3X3 SOLUTIONS LTD 4 COUNTIES FARM SERVICES LTD 434 THE PLEDWICK WELL INN LTD 52N RESOURCING SOLUTIONS LTD ‎63 DEGREES LTD 7074 LTD A &…

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INSOLVENCY NOTICES: Winding Up Petitions – March 2017

4th April 2017 Commercial Credit Management |

Winding up Petitions have been issued and advertised in the London Gazette for the following companies: 4FRONT CLEANING LTD ‎A & D HOMES LTD A & R HEATING & PLUMBING LTD A M GAS SERVICES AARON WEBSTER LTD ABSOLUTE HOME TEXTILES LTD ACTIONWAY LTD AE SYSTEMS LTD ‎AERIAL CREATIONS LTD ‎AGILE CONVEYANCING SEARCHES LTD ‎AGP STEEL…

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INSOLVENCY NOTICES: Appointment of Administrators – March 2017

4th April 2017 Commercial Credit Management |

Administration notices have been issued and advertised in the London Gazette  for the following companies: 19 – 20 POLAND STREET LLP 1ST CLASS LEGAL (IS) LTD 4ENERGY LTD 99P STORES LTD ‎A. JONES & SONS LTD ABSOLUTE HOME TEXTILES LTD ADRIAN PHILLIPS PROJECTS LTD AFC ANODISING & POWDER COATING LTD AGENT PROVOCATEUR LTD ALBURY PARK MANSION…

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Importance of advisory work grows for insolvency profession as clients seek flexible arrangements

31st March 2017 Commercial Credit Management |

Restructuring and advisory work is an increasingly important focus for professionals who advise insolvent businesses, according to a survey by insolvency and restructuring trade body R3. A large majority (68%) of respondents said that demand for advisory work had increased in recent years, with over half saying this is because awareness of business rescue options has…

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Duff & Phelps appoint new MD

23rd March 2017 Commercial Credit Management |

Duff & Phelps has announced that Michael Bills has been promoted to a Managing Director in its London office as part of the Restructuring Advisory practice following two successful secondments to leading Asset Based Lending institutions. Bills specialises in providing strategic financial advice and planning to borrowers and lenders with ABL facilities. This advisory work…

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BUDGET 2017: Loss Relief reforms & Business Rates could increase company failures

8th March 2017 Commercial Credit Management |

Changes to corporation tax loss relief included in the Budget Red Book could damage UK business rescue, warns insolvency and restructuring trade body R3. The 2017 Budget was a missed opportunity to amend the reforms, which were first proposed in last year’s Budget and are due to come in on the 1st of April 2017. The…

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BUDGET 2017: Bankruptcy impact of new anti-avoidance tool needs government consideration

8th March 2017 Commercial Credit Management |

With £820million of new anti-tax avoidance measures announced in today’s Budget, Andrew Tate, president of insolvency and restructuring trade body R3, says: The government needs to think more carefully about the impact its anti-tax avoidance tools have on those individuals affected. Tackling the abuse of the tax system is needed, but efforts to do so should…

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INSOLVENCY NOTICES: Winding Up Petitions – February 2017

2nd March 2017 Commercial Credit Management |

Winding up Petitions have been issued and advertised in the London Gazette for the following companies: 02 ENVIRONMENTAL SURVEYS LTD 10100442 LTD 1ST ALERT STEEL LTD A.J.’S COSTCUTTER LTD ABI BUSINESS SERVICES LTD ‎ABUILDERS LTD AGL AVIATION LTD AGNI WHOLESALE LTD AGP STEEL STRUCTURES LTD ‎AIS (MARINE) 2 LTD ‎ALE WEB LTD ‎ALLANSONS LAW LTD ALTERDERMA…

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LIQUIDATION NOTICES: Meeting of Creditors – February 2017

2nd March 2017 Commercial Credit Management |

Liquidation notices have been issued and advertised in the London Gazette  for the following companies: 142 TRADING LTD 350Z LTD 4D LEISURE LTD (CANNOCK) LTD 4U NATIONWIDE LTD ‎505 ASSOCIATES LTD. 57A LOGISTICS LTD 8 MILE RECRUITMENT LTD A & C LANDSCAPES LTD ‎ACTIVE AIR LLP A G T C BIO PRODUCTS LTD A STEP ABOVE…

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INSOLVENCY NOTICES: Appointment of Administrators – February 2017

2nd March 2017 Commercial Credit Management |

Administration notices have been issued and advertised in the London Gazette for the following companies: A&R HUGHES (ACADEMY GARAGE) LTD ABBOT GRANGE LTD AGE UK BLACKPOOL AND DISTRICT ‎AGENCY COMMUNICATIONS LTD ASTON STUDENT VILLAGE ‎BLUCARS (BUGBROOKE) LTD BLUE CUBE BUSINESS LTD ‎BRAKEWORLD LTD BRW SERVICES LTD CARING FOR YOU PTS LTD CIRCLE OIL JERSEY LTD CITADEL…

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Mazars announces new Partner appointment

28th February 2017 Commercial Credit Management |

Mazars has announced the appointment of Adam Simpson as partner, who is responsible for the firm’s receivables management team based in Birmingham, Leeds and Edinburgh. Simpson has worked for Mazars for five years. His role as partner is a promotion and he will also continue his position as director of Mazars Receivables Management covering the…

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