Credit, Collections & Insolvency News
In February, Winding Up Petitions (Companies) were issued and advertised in the London Gazette for the following companies: 3 KH LTD 3M INSTALLATIONS LTD 40 TOLC FISH LTD 465ISH LTD A & E (LONDON) LTD A W J CONSTRUCTION LTD A&D LEISURE AND HOSPITALITY LIMITED AASEYA SOFTWARE SERVICES (UK) LIMITED ABEL BROTHERS LIMITED ABS HOME…
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Property consultancy Eddisons has announced that it has appointed Dan Whittaker as an Associate Director in its growing asset advisory and restructuring team. Based in the firm’s Manchester office, Whittaker , who is a registered property receiver, will work as part of wider team across the north of England. He joins Eddisons from risk and…
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Latest figures from the Insolvency Service have shown that the number of registered business insolvencies in England and Wales in January 2025 was 1,971, 6% higher than in December 2024 (1,852) and 11% higher than the same month in the previous year (1,780). The business insolvencies consisted of 269 compulsory liquidations, 1,546 creditors’ voluntary liquidations…
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Latest figures from Accountant in Bankruptcy (AiB) have shown that business insolvencies in Scotland fell by 15% in January 2024 The data showed that there were 75 business insolvencies registered in Scotland, 15% lower than the number in January 2024. The business insolvencies was comprised of 37 CVLs, 32 compulsory liquidations and six administrations. There…
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Latest monthly statistics from the Insolvency Service have shown that personal insolvencies rose whilst business insolvencies fell in Northern Ireland. The data showed that in January 2025, there were 141 personal insolvencies. This was 26% higher than in January 2024. The insolvvencies comprised of 97 IVAs, 20 bankruptcies and 24 DROs. The business insolvency data…
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Latest data from the insolvency showed that the construction industry experienced the highest number of insolvencies in the 12 months to December 2024 at 4,032, making up 17% of all industry cases. Kelly Boorman, National Head of Construction at RSM UK, said “The latest rise in construction insolvencies shows the extent of the debt burden…
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The failure rate of new businesses relative to total insolvencies is at its lowest level for more than a decade, according to new analysis from PwC. In 2024 startups accounted for 46% of total company insolvencies, the lowest proportion in a decade by a large margin – despite record levels of company incorporations over the…
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The Chief Executive of the Insolvency Service, Dean Beale, has announced his plan to leave the agency. Beale has worked in the insolvency sector for more than 30 years in a variety of roles and has been Chief Executive of the Insolvency Service since 2019. He will leave the agency in May to take up…
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In January the following administration notices were issued and advertised in the London Gazette for the following companies: A.J. SIMS LIMITED ALTIS INDUSTRIES LIMITED ANDREWS MARQUEES LIMITED ANGLO TECHNICAL RECRUITMENT LIMITED AYLESBURY PARK GOLF CLUB LIMITED BRAND AGENCY (LONDON) LIMITED CELSUS GROUP LIMITED COAST HOTELS AND LEISURE LIMITED COLD STORE GROUP LIMITED COMMUNITY & BUSINESS…
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Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in January: 06562942 LTD 13 BAR LIMITED 2021 ENG SOL LTD 26 TWELVE LTD 3 CROWNS PROPERTY & MAINTENANCE CONTRACTORS LTD 3RADICAL LIMITED 5G CHAUFFEURS LIMITED 6 VISION LIMITED 72ND AND MAD LIMITED 77 PROPERTY 7…
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In January, Winding Up Petitions (Companies) were issued and advertised in the London Gazette for the following companies: 06738324 LTD 08112018 LTD 12GP MANAGEMENT LIMITED 14534813 LTD 15530565 LTD. 1ST ARMOUR SECURITY LIMITED 247 EXCELLENT QUALITY CARE LTD 24H RECRUITMENT SOLUTIONS LTD 3 CROWNS PROPERTY & MAINTENANCE CONTRACTORS LTD 50 ST EDMUND’S TERRACE FREEHOLD LIMITED…
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Business insolvency numbers (liquidations and receiverships) in Scotland for Q3 2024-2025 decreased by 2.4% compared with Q3 2023-2024, to a total of 285 according to latest Accountant in Bankruptcy data. Business insolvencies (liquidations and receiverships) decreased by 8.9% when compared with the previous quarter’s total of 313 (July-September 2024). Commenting on the Scottish insolvency statistics,…
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Latest data from the Insolvency Service has found that the construction sector experienced the highest number of insolvencies by business sector in the 12 months to November 2024 at 4,102, accounting for 17% of all industry cases. The data showed that Wholesale and retail trade; repair of motor vehicles and motorcycles (3,618, 15% of cases…
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