Credit, Collections & Insolvency News
A director who failed to explain £800,000 spend on company vehicles and keep proper accounts has been sentenced. The Construction company director did not keep up-to-date accounts, Eugenijus Nalivaika was the sole director of Niki Contractors Ltd when it entered liquidation in May 2021 Niki Contractors spent more than £800,000 on 106 vehicles in a…
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The Insolvency Service board has announced it has appointed Lorcan O’Connor, founder and former leader of the Insolvency Service of Ireland as a non-executive member. O’Connor, who founded the Insolvency Service of Ireland (ISI) in 2012, joined the UK’s Insolvency Service Board in April. The Board is the agency’s main decision-making body and is responsible…
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In April the following administration notices were issued and advertised in the London Gazette for the following companies: 3ACE INTERNATIONAL LTD AAA CLEANING SUPPLY LTD AAD77 LTD ALUMINIUM WINDOWS LTD ARCHITECTURAL GLASS AND ALUMINIUM LTD ARMSTRONG CRAVEN LTD ARSLAN LONDON SECURITY LTD ATLAS WORCESTER WARRIORS RUGBY CLUB LTD BEATTIE PASSIVE BUILD SYSTEM LTD BEATTIE PASSIVE…
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Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in April: 1 CALL CARE C.I.C. 1234 TRAVEL LTD (FORMERLY HOLIDAY WITH US LTD) 123T LTD 186 RESTAURANT CO LTD 2A LOGISTICS LTD 2PEDALZ LTD 349 DDR LTD 360 PROPERTY SERVICES LEEDS LTD 3H MEDIA INTERNATIONAL…
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In April, Winding Up Petitions (Companies) were issued and advertised in the London Gazette for the following companies: 02262749 LTD 11222557 LTD 12810061 LTD 186 RESTAURANT CO LTD 1862 LTD 2 SAREN HOUSE MANAGEMENT LTD A.B. BUTCHERS LTD A&K RESTAURANTS LTD ABBEY PLASTERING & CONSTRUCTION SERVICES LTD ABINGDON OAK LTD ACCESS PROPERTY FINANCE LTD ACKA…
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Russell-Cooke Solicitors has announced that it has recruited Simon Jerrum as its new Head of Restructuring and Insolvency. Jerrum is a highly regarded insolvency lawyer, with particular expertise in complex contentious insolvency disputes often involving concurrent proceedings in multiple jurisdictions and the recovery of assets based overseas. Jerrum is a solicitor-advocate qualified in England and…
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Latest figures from the Insolvency Service have shown that the number of business insolvencies in England & Wales in March 2024, was 17% lower than in February 2024 (2,177) and 17% lower than the same month in the previous year (2,193 in March 2023). The number of registered business insolvencies totalled 1,815 with insolvencies comprising…
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Latest figures from Accountant in Bankruptcy (AiB) have shown that business insolvencies in Scotland rose by 11%. In March 2024 there were 115 company insolvencies this was 11% higher than the number in March 2023. The insolvencies comprised of 44 compulsory liquidations, 62 CVLs, and 9 administrations. There were no CVAs or receivership appointments.
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A Cumbrian man who pleaded guilty to fraud, disregarding a director disqualification and breaching a bankruptcy order has been jailed. Adam Kirkbride was sentenced to four years in prison when he appeared at Newcastle Crown Court. Kirkbride, of Cobble End, Bassenthwaite, Keswick, was also further banned as a director until April 2036. The 32-year-old abused…
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Latest monthly statistics from the Insolvency Service have shown that business insolvencies doubled and personal insolvencies decreased in Northern Ireland in March 2024. In March 2024 there were 26 company insolvencies registered in Northern Ireland, twice as many as (100% higher than) in March 2023. The business insolvencies comprised of 14 CVLs, 8 compulsory liquidations,…
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Latest figures from Accountant in Bankruptcy found that there were 1,168 Scottish business insolvencies in the year 2023-2024. The figures showed that this was an increase of 3% from 2022-2023’s figure of 1,132, an increase of 37% on 2021-2022’s figure of 854, and an increase of 23% compared to pre-pandemic levels in 2019-2020 (948). Fourth quarterly…
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Ex-England and Liverpool footballer John Barnes banned as company director. The former Premier League footballer and international manager disqualified as director for three-and-a-half years. Barnes has been banned as a company director after his company did not pay tens of thousands of pounds in both VAT and corporation tax. The company, of which Barnes was…
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An IT Consultant has been given 13-year directorship ban by the Insolvency Service after hiding the existence of one when his company went into liquidation. The Consultant. applied for two Bounce Back Loans but failed to disclose the existence of the first loan to liquidators. Syzmon Jastrzebski was the sole director of E Marketing Ltd, a…
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