Credit, Collections & Insolvency News
Latest monthly statistics from the Insolvency Service have shown that business insolvencies increased quadrupled, whilst personal insolvencies fell by over 25%r in Northern Ireland in May 2024. The data showed that there were 44 company insolvencies registered in Northern Ireland, the figures were four times higher than in May 2023. The business insolvencies comprised of…
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The construction industry experienced the highest number of insolvencies in the 12 months to April 2024, reaching a total of 4,401 according to analysis of the latest insolvency figures by RSM UK. Kelly Boorman, National Head of Construction at RSM UK, said “Construction insolvencies continued the upward trajectory of previous months, with the industry maintaining…
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Leonard Curtis has announced that it has appointed Peter Vinden as Director. Vinden will bring 30 years of construction dispute resolution expertise to the firm’s restructuring and turnaround division. Vinden, who recently became a non-exec director at Decipher a DeSimone company, the Manchester-based claims consultant, has now formalised a long-standing working relationship with Leonard Curtis…
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The ICAEW has appointed Malcolm Bacchus as its new President for 2024/25. Bacchus succeeds Mark Rhys as ICAEW President and will serve a one-year term until June 2025. As President, Bacchus will support the implementation of ICAEW’s 10-year strategy as well as the Institute’s commitment to serve the public interest as defined in its Royal Charter.…
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In May the following administration notices were issued and advertised in the London Gazette for the following companies: 8-10 DOVER STREET LTD ABRA WHOLESALES LTD ADEN & ANAIS LTD ALPHA ANODISING UK LTD ANNA MASON LTD APPLE INVEST LTD AQUAPARK DEVELOPMENTS LTD ARJ CONSTRUCTION PROPERTY LTD ATLANTIC STEEL PROCESSING LTD AXE EDGE BARS LTD BOMBSHELL…
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Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in May: AMBIAN A LTD 1 ST. PETERS WAY LTD 100BAKES LTD 101 LOGISTICS LTD 11640487 LTD 12930264 LTD 1822 DESIGN LTD 1DOM LTD 1ST CHOICE UMBRELLA LTD 1ST COMMUNICATIONS INSTALLATION AND MAINTENANCE LTD 2610 DC…
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In May, Winding Up Petitions (Companies) were issued and advertised in the London Gazette for the following companies: 02262749 LTD 07271389 LTD 13997104 LTD 1966 ENTERTAINMENT LTD 2GR LLP A H T ROOFING AND CONSTRUCTION LTD ABBITECH LTD ACCESS OPERATORS (AXS OPS) LTD ACCUMINE SERVICES LTD ACTIVE DYNAMIC LTD ADVANCED ONCOTHERAPY PLC AIRPORT PERISHABLE HANDLING…
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Professional services firms Mazars and Forvis have announced they have joined forces to launch a £3.9 billion global network, known as Forvis Mazars. The group says the partnership was established to provide a stronger global reach and support clients’ needs. The head office of Forvis Mazars will be based in London, serving as a gateway to Europe and a…
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Latest figures from the Insolvency Service have shown that the number of business insolvencies in England & Wales in April 2024, increased by 18.4% than in March 2024 (1,838) and 5.4% higher than the same month in the previous year (2,193 in March 2023). The number of registered business insolvencies totalled 2,177. The business insolvencies…
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Latest figures from Accountant in Bankruptcy (AiB) have shown that business insolvencies in Scotland fell by 4% in April 2024. In April 2024 there were 109 company insolvencies registered in Scotland, 4% lower than the number in April 2023. The insolvencies comprised of 48 compulsory liquidations, 59 CVLs, and 2 administrations. There were no CVAs or…
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Latest monthly statistics from the Insolvency Service have shown that business insolvencies increased three-fold, whilst personal insolvencies remained stable in Northern Ireland in April 2024. The data showed that there were 33 company insolvencies registered in Northern Ireland, more than three times as many as (267% higher than) in April 2023. The insolvencies comprised of…
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Latest analysis of insolvency statistics by the RSM UK has found that the construction industry experienced the highest number of insolvencies in the 12 months to March 2024, reaching a total of 4,273. Kelly Boorman, National Head of Construction at RSM UK, said “As expected, in the 12 months to March 2024, construction continued to…
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Specialist business advisory firm, FRP Advisory, has acquired the Hilton-Baird Group. The Hilton-Baird Group is based in Southampton and operates nationally. The business provides commercial finance and credit insurance brokerage, outsourced risk and receivables audit, as well as credit management and commercial debt collection services. Hilton-Baird clients include independent lenders, banks, SME and corporate businesses,…
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