Credit, Collections & Insolvency News
FTS Recovery has announced it has acquired national insolvency firm FA Simms, adding a number of offices across the country. FA Simms, similar to FTS Recovery, works closely with directors to offer restructuring and insolvency services, primarily to the corporate market. The acquisition sees FTS Recovery add to their national presence by taking on all…
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LCF Law has appointed a new Partner to the specialist insolvency division with the appointment of Natalie Nattress. Nattress has joined from Knights and has worked in insolvency in Leeds for more than 22 years, dealing with all types of business recovery scenarios, as well as handling large scale investigations in bankruptcy and liquidation estates. Nattress…
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In December the following administration notices were issued and advertised in the London Gazette for the following companies: A C MARINE & COMPOSITES LTD A GOMEZ LTD ACCIDENT CLAIMS LAWYERS LTD ACE SCAFFOLDING (M/CR) LTD AGVENTURE FARMS LTD ALCOVA ASSET MANAGEMENT LLP AUGHTON AINSWORTH LTD BARRY WOOD PLANT HIRE LTD BRANDED BUILD LTD C.B.BROOK &…
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Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in December: ACA OPTICAL LTD ACADEMY 1 SPORTS COLLEGE EAST LTD ACC CONSTRUCTION LTD ACCESS TRANSPORT REMOVALS AND STORAGE LTD ACHILLEUS SECURITY (LONDON) LTD ACORN CATERING LTD ACORN IRONMONGERY LTD ACROL AIR CONDITIONING SERVICES LTD ACTIVE…
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In December Winding Up Petitions (Companies) were issued and advertised in the London Gazette for the following companies: 1 CHARLES STREET LTD 465SI LTD 900 DEGREES LTD ACE SUPPORT FM LTD AGENCY PAYROLL SERVICES LTD AIY LTD ALI’S MEAT LTD ALL CONSTRUCTION CONTRACTORS LTD ALL STROKES LTD ALLWAYS MOTORCYCLES LTD AMOR INTERIORS LTD APAX PROPERTY…
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FTS Recovery has announced that it has appointed industry veteran Andrew Duncan as Head of both its London office and secured lending and advisory services. Duncan joins from Leonard Curtis where he spent 12 years as director in the London office of the specialist corporate recovery and insolvency practice. A licensed insolvency practitioner and chartered…
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PwC Economists have issued a stark warning predicting that nearly 30,000 businesses in the UK will collapse under the weight of high interest rates in 2024. The research says company insolvencies will surge by 15% in the next 12 months as corporations and small businesses struggle to meet the repayments on debts run up to…
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Caroline Smale has been elected as ICAEW Vice President for the period 2024 to 2025. Smale has been a member of ICAEW Council since 2017, representing the South West. She is currently Chair of the ICAEW Members and Commercial Board and a member of the ICAEW Board. She has previously served as Vice-President of ICAEW…
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In November the following administration notices were issued and advertised in the London Gazette for the following companies: 123TEACHERS LTD ABBEY OFFICE SOLUTIONS (HAMPSHIRE) LTD ABBOTSFIELD METALS LTD ACTUAL EXPERIENCE PLC ADM PRECISION TOOLS LTD ANGLO-ITALIAN ENTERPRISES LTD C J SERVICES UK LTD CAPREOLUS FINE FOODS LTD CCTV MONITORING LTD CEMINVEST LTD CENTRAL ESSEX INTERIORS…
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Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in November: 03013551 LTD 109 CR LTD 15TEN15 GROUP LTD 28 AT 28 LTD 365 SECURITY (SERVICES) LTD 3D MACHINE SHOP ENGINEERING LTD 4 THE QUAY LTD 48.3 SCAFFOLD DESIGN LTD 5K FITNESS LTD 83 HIGH…
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In November Winding Up Petitions (Companies) were issued and advertised in the London Gazette for the following companies: 2 NORTHDOWN LTD 33 TRANS LTD A LA MAISON LTD A NEW ANGLE LTD A W RENEWABLES LTD A.W.THOMSON & SON LTD ABELL MORLISS INTERNATIONAL LTD AC DRAFTING LTD AD PAVING LTD ADVANTAGE CARS ASTLEY LTD ADVENTURING…
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Latest figures from the Insolvency Service have shown that the number of business insolvencies in England & Wales in November 2023 increased by 6.4% in November 2023 to a total of 2,466 compared to October’s total of 2,317, and increased by 21.4% compared to November 2022’s figure of 2,032. Business insolvencies increased by 47.1% from…
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Latest figures from Accountant in Bankruptcy (AiB) have shown that business insolvencies in Scotland fell by 8%. In November 2023 there were 109 business insolvencies registered in Scotland, this was 8% lower than the number in November 2022. The insolvencies comprised of 30 compulsory liquidations, 74 CVLs and five administrations. There were no CVAs or receivership appointments.
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