Credit, Collections & Insolvency News
London law firm, Howard Kennedy has announced the appointment of Crispin Daly as Insolvency Partner. Daly focuses on complex domestic and cross-border insolvency and litigation mandates. He represents insolvency office holders, debtors, creditors and creditors’ committees, shareholders, and directors in a variety of contentious and non-contentious situations. Daly joins Howard Kennedy from Paul Hastings LLP…
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In September the following administration notices were issued and advertised in the London Gazette for the following companies: 11052310 REALISATIONS LTD ABILITY RECRUITMENT SOLUTIONS LTD ADVIZA PARTNERSHIP AJ GALAXY LTD AK MIDLANDS WHOLESALE LTD ALDERLEY FARMS LTD ALEXANDRA PETER LTD ANCESTREL WINES LTD ANGUS PRINT LTD AQUALUX PRODUCTS LTD ASSURANCE CARE LTD ATLAS COMMODITIES LTD…
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Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in September: 10-12 RUSSELL SQUARE Q LTD 1A PIZZA HOUSE LTD 1ST CALL ELECTRICAL (UK) LTD 2012 LTD 27FIBRE LTD 290 PIZZA LTD 2NWEST BUILDERS AND DECORATORS LTD 365 PROTECT LTD 3D PRINTZ LTD 4 OFFICE…
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In September Winding Up Petitions (Companies) were issued and advertised in the London Gazette for the following companies: 18 BIKES LTD 24 SECURITY SERVICES LTD 2NBW INVESTMENTS LTD 3R ENERGY UK LTD A CANCAO DE LISBOA LTD A N R SPECIALISTS LTD ABBY LOGISTICS LTD ACTIVE NEURO LTD ADMIRAL CONSTRUCTIONS LTD AK&H TELECOMS LTD AKS…
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Aryza Group, a provider of financial software solutions, has announced the acquisition of NTI, a bespoke training provider for restructuring, insolvency, and debt management solutions. NTI has expertise in delivering professional exam training, compliance reviews, technical helplines, and personal insolvency solutions. As a trusted EdTech provider, NTI’s flexible digital training platform offers on-demand access to…
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Latest figures from the Insolvency Service have shown that there were 1,953 business insolvencies in August 2024, a decrease by 9% in August 2024 compared to July’s total of 2,144, and decreased by 14.6% compared to August 2023’s figure of 2,286. The business insolvencies consisted of 279 compulsory liquidations, 1,542 creditors’ voluntary liquidations (CVLs), 112…
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Latest figures from Accountant in Bankruptcy (AiB) have shown that business insolvencies fell by 9% in August 2024. In August 2024 there were 102 business insolvencies registered in Scotland, this was 9% lower than the number in August 2023. The total number of business insolvencies was comprised of 56 CVLs, 42 compulsory liquidations, two administrations…
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The latest monthly statistics from the Insolvency Service have shown that business insolvencies decreased by 35% and personal insolvencies decreased by 8%. The data shows that in August 2024, there were 11 business insolvencies registered in Northern Ireland, 8% lower than in August 2023. The total number of company insolvencies comprised of one compulsory liquidation,…
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In August the following administration notices were issued and advertised in the London Gazette for the following companies: 108 MEDIA LTD A E CHILLED LTD ACE GLOBAL TRADING LTD ADLUDIO LTD AF ACCIDENT REPAIRS LTD ALTEC ENGINEERING LTD ANARCHY BREW CO. LTD ARCTREND LTD ARG MAXELA UK LTD ASTRADENT (3) LTD AVANTE PROPERTY DEVELOPMENTS LTD…
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Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in August: 10975648 LTD FORMERLY KNOWN AS EFDUK LTD 1HUTCH CREATIVE SERVICES LTD 20 20 OPTICAL SERVICES LTD 24/7 FLOORING LTD 29 ATELIER LTD 2K TIGER LTD 2MC HOLDINGS LTD 3 FUTURES LTD 303 LONDON LTD…
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In August Winding Up Petitions (Companies) were issued and advertised in the London Gazette for the following companies: 10442565 LTD 10449758 LTD 12 RAYS LTD 123 RETAIL LTD 13408494 LTD 2GO COURIERS LTD 2LY PROMOTIONS LTD 3 COUNTIES CAR SALES LTD 3CRISK LTD 777 PARTNERS UK LTD 8 AVENUE LTD A FIRST CALL PLANT HIRE…
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Two connected companies which fraudulently received more than £1 million in Covid support loans have been shut down by the courts following an investigation by the Insolvency Service. Ledbridge Consultants Ltd and Montague Partners Ltd, which had registered offices in Birmingham and London, were wound-up at the High Court in London on Tuesday 10 September.…
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New research by PwC has found that nearly 7,000 shops (6,945) have closed so far in 2024, with this the equivalent of 38 shops per day. When new shop openings are factored in, there is a new closure rate of 12 shop a day. The net closure rate in the same period of 2023 was…
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