Credit, Collections & Insolvency News
Two connected corporate rescue firms which encouraged directors struggling with company debts to sell their businesses and avoid liquidation have been shut down. Atherton Corporate (UK) Ltd and Atherton Corporate Rescue Limited, both of which traded under the Atherton brand, claimed their services were ‘a legal alternative to using insolvency practitioners’. They helped sell companies…
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Business rescue and recovery specialist Begbies Traynor Group has announced that it has expanded its senior team with the appointment of Carl Lever as a Director, working across the firm’s Leeds and Manchester offices. Lever joins the firm from Leonard Curtis where he gained 13 years’ experience and has built a specialism in advising Financial…
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Latest figures from the Insolvency Service have shown that there were 2,191 business insolvencies in England & Wales in July 2024, 7.3% lower than in June 2024 (2,363) but 15.9% higher than the same month in the previous year (1,890 in July 2023). The insolvencies consisted of 320 compulsory liquidations, the highest monthly number since…
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The latest monthly statistics from the Insolvency Service have shown that business insolvencies increased by 54% and personal insolvencies increased by 41%. The data shows that in July 2024 there were 20 business insolvencies registered in Northern Ireland, 54%, this was higher than in July 2023. The business insolvencies comprised of 10 CVLs, five compulsory…
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Latest figures from Accountant in Bankruptcy (AiB) have shown that business insolvencies in Scotland increased by 21% in July 2024. In July 2024 there were 117 business insolvencies registered in Scotland, which was 21% higher than in July 2023. The insolvencies comprised of 76 CVLs, 33 compulsory liquidations and eight administrations. There were no CVAs or receivership…
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In July the following administration notices were issued and advertised in the London Gazette for the following companies: 107 STATION STREET LTD 4WOOD TV AND FILM LTD A CATLOW CIVIL ENGINEERING LTD A P V MARINE LTD ACHIEVA GROUP LTD ACT PRODUCTS LTD AGO HOTELS LTD AJA BOTANICALS LTD AKA (SADLER BROWN) LTD ALDERLEY PLC…
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Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in July: 04836342 LTD 1989 CLUBHOUSE LTD 1OVMANY LTD 4 REIGN LTD A. WARD & SON LTD A.M.CARS (UK) LTD A&R 111 LTD A2B TRANSPORT GROUP LTD A2B WORKS LTD ABSOLUTE BUILDING LTD ACE OF DIAMONDS…
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In July, Winding Up Petitions (Companies) were issued and advertised in the London Gazette for the following companies: 1 CHARLES STREET LTD 13374171190324 LTD 170 WHITEHORSE LTD 3 FUTURES LTD 3 KH LTD A.A. MASTERNAK TRANSPORT LTD A.C DUCTWORK SERVICES LTD AAT LAB LTD ACCOUNTANT4ALL LTD ACT PRODUCTS LTD ADAM REED LTD ADISEL LTD ADVANCE…
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A new study from AptPay has revealed the most common types of companies going bust. The study analysed data from Companies House based on each business’s primary nature of business, using the Standard Industrial Classification (SIC) code they registered under. The research revealed that businesses dealing with the development of building projects (41100) are the…
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London and Leeds-based insolvency and restructuring firm, PKF Littlejohn Advisory, has appointed Robert Barker as Insolvency Manager to support and further bolster the firm’s restructuring and insolvency capabilities. Barker joins the company with over 15 years’ experience in the sector, working predominantly within boutique insolvency practices, helping to facilitate the restructuring, sale or liquidation of…
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Business insolvency numbers (liquidations and receiverships) in Scotland for Q1 2024-2025 decreased by 3.1% compared with Quarter 1 (Q!) 2023-2024, to a total of 283 according to latest figures from Accountant in Bankruptcy (AiB). The figures also decreased by 6% compared with the previous quarter’s total of 301 (January-March 2024). Richard Bathgate, Scotland Chair of…
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Latest figures from Accountant in Bankruptcy (AiB) have shown that business insolvencies in Scotland fell slightly in June 2024. In June 2024 there were 109 business insolvencies registered in Scotland, 4% lower than the number in June 2023. The insolvencies comprised of 60 CVLs, 43 compulsory liquidations and six administrations. There were no CVAs and no receivership…
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Latest monthly statistics from the Insolvency Service have shown that business insolvencies increased, whilst personal insolvencies fell in Northern Ireland in June 2024. In June 2024 there were 17 business insolvencies registered in Northern Ireland, this was 13% higher than in June 2023. The insolvencies comprised of eight compulsory liquidations, seven CVLs, one CVA and one administration.…
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