Credit, Collections & Insolvency News
Begbies Traynor has announced that it has acquired Jones Giles & Clay. The deal sees Begbies Traynor welcome four experienced team members to the Cardiff-based team, including directors Susan Clay and Vaughan Jones, who were the principals of Jones Giles & Clay and operated as licensed insolvency practitioners. Both Clay and Jones have over 38…
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In August the following administration notices were issued and advertised in the London Gazette for the following companies: A C PLC ABCELL LTD AC DATA LTD ACTIVE ELECTRICAL SERVICES (STAMFORD) LTD ALEXANDER GRACE LAW LTD APEX PORTFOLIO (RIPON) TWO LTD ASPIRE PLATFORMS LTD ATN BANGLA UK LTD AUTOMATIC ENGINEERS (HINCKLEY) LTD B.A.W. PRECISION ENGINEERING LTD…
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Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in August: &SOMETHING LTD 07752335 LTD (FORMERLY EWEST LTD) 10XTECH LTD 117 BUILDERS LTD 123 DFE LTD 125 TRADING LTD 1SM LTD 1ST STOP AUTOS LTD 24/7 CLEANING COMPANY 3C FINISHING LTD 3D CITY SIGNS LTD…
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In August Winding Up Petitions (Companies) were issued and advertised in the London Gazette for the following companies: 1982 LONDON LTD 365 ENERGY LTD 786 SOLUTIONS LTD 86 LTD. A MOTORCOMPANY LTD AAMIR & AHMED LTD AARTEE STEEL OPERATIONS LTD AB GROUP (TRADING) LTD ACM SCAFFOLDING LTD ADDISLAND COURT COMPANY LTD ADDISON WAY LTD ADJOSA…
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Around 7,000 UK businesses are likely to go insolvent every quarter in 2024 as high interest rates cause financial strain and the UK economy enters recession, according to a new report from The Centre for Economics and Business Research (Cebr). Cebr research showed that were over 6,700 business insolvencies in Britain in Quarter 2 2023,…
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HMRC has issued the highest number of winding-up petitions since before the pandemic, according to data from Kroll. D In July 348 winding-up petitions were registered with this the highest number of court orders in any month since 2019. The figures also showed that the number of time-to-pay agreements was up by 20% in Quarter…
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Specialist insolvency and restructuring law firm Isadore Goldman has announced two new senior appointments to their team. Christina Fitzgerald and Monica Kapur will both join the firm as directors in September, based in the firm’s London office. Fitzgerald, a solicitor and Licensed Insolvency Practitioner, joins from another top ranked London firm and has extensive experience…
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Latest figures from the Insolvency Service have shown that the number of business insolvencies in England & Wales for July 2023 decreased by 20.4% to a total of 1,727 compared to July and decreased by 5.7% compared to July 2022’s figure of 1,831. Business insolvencies increased by 57.6% compared to July 2021 and increased by…
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Latest figures from Accountant in Bankruptcy (AiB) have indicated that Scottish business insolvency numbers (liquidations and receiverships) increased in July. In July 2023 there were 97 business insolvencies registered in Scotland this was 41% higher than the number in July 2022. The business insolvencies comprised of 44 compulsory liquidations, 51 CVLs and two administrations. There…
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Latest monthly statistics from the Insolvency Service have indicated that Northern Irish business insolvencies and personal insolvencies have fallen. In July 2023 there were 13 business insolvencies registered in Northern Ireland, this was 7% lower than July 2022. The business insolvencies comprised of eight CVLs, three compulsory liquidations and two CVAs. There were no administrations…
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Begbies Traynor has announced that it has further strengthened its team with the addition of experienced Insolvency Director Claire Dowson who is relocating from the firm’s Sheffield office and returning to her roots in the North East. With 18 years’ experience in insolvency, Dowson joined Begbies Traynor in Sheffield in 2015 having already passed the…
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Belfast-based Insolvency Practitioner and restructuring expert Ian Leonard has been appointed as Chair of insolvency and restructuring trade body R3 in Northern Ireland. Leonard is a Director at Interpath Advisory in Ireland, will work with R3 to design and deliver events and conferences for members in Northern Ireland, and support the lobbying and representation work…
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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: 0212 ASSOCIATES LTD 1066 FUNCTIONAL FITNESS LTD 2 OUNCES LTD 24 HRS STEEL LTD 24/7 BERKSHIRE RECOVERY LTD 308 ABILITY LTD 381 IT SOLUTIONS LTD 4500 RIVERS LTD 73 MEDIA LTD 7NRG LTD A…
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