Credit, Collections & Insolvency News
In April the following administration notices have been issued and advertised in the London Gazette for the following companies: 360 PERSONNEL LTD A MARKETING VOCATION LTD ALLENS CRANKSHAFTS LTD ALPHABET BREWING LTD AMSYS AFTERMARKET SERVICES LTD AMSYS LTD ASSET ACADEMY LTD B B & M (MIDLAND) LTD BAGSHOT MANOR DEVELOPMENTS LTD BAS CASTINGS LTD BIO-BEAN…
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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: & SO THEY MADE LTD 107 (BLACKPOOL) LTD 1ST CARS PRIVATE HIRE LTD 1ST TO QUOTE (CLEANING LEADS) LTD 2 SAVE ENERGY LTD 24/7 FITNESS KIDDERMINSTER LTD 2XELLIOTT LTD 3D ELEVATIONS LTD. 4AMIGOS RESTAURANT…
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In April Winding Up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: 1 CHARLES STREET LTD 1986 LONDON LTD 41 LOWNDES STREET LTD 53 DOLLIS HILL LTD A K TRAVEL WORLDWIDE LTD A.J. INSULATION LTD A.M.A BRICKWORK LTD AARTEE STEEL HOLDINGS LTD AB BUILDING PLASTICS LTD ABH CONSTRUCTION…
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Cross-border advisory firm Quantuma has announced it has appointed Chartered Accountant and Restructuring Advisory professional Alistair Dickson as Managing Director in its Glasgow office. Dickson joins Quantuma from a regional accounting firm where he was a Director and Head of Scotland. He has over 30 years of professional experience in the Restructuring sector and has held several…
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Latest quarterly figures from the Insolvency Service have shown that the number of business insolvencies in England & Wales decreased by 4% but rose 18% year-on-year in Quarter 1 (Q1) when compared to Q1 2022. The figures show between 1 January and 31 March 2023, there were 5,747 company insolvencies made up of 4,739 creditors’…
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Latest quarterly statistics have indicated that Scottish business insolvencies increased whilst personal insolvencies remained static in Quarter 1 (Q1) of 2023. The figures showed that there were 297 total business insolvencies in Scotland in Q1, 41% higher than in the same quarter of 2022. These business insolvencies comprised 113 compulsory liquidations, 176 CVLs, seven administrations…
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Latest quarterly statistics from the Insolvency Service have indicated that Northern Irish personal insolvencies and business insolvencies decreased in Quarter 1 (Q1) of 2023. The figures showed that there were 40 business insolvencies in Northern Ireland in Q1 2023, a decrease of 29% from the same quarter of 2021. The insolvencies comprised 28 CVLs, four…
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Nicky Fisher, Partner at Herron Fisher, has been appointed President of R3, the insolvency and restructuring trade body. Fisher will work with R3’s CEO and senior management team to help shape and deliver R3’s strategy for the next 12 months, as well as supporting its day-to-day operations. Fisher takes on the role amid an extremely…
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Annual figures from Accountant in Bankruptcy (AiB) have indicated that business insolvency numbers in Scotland rose by nearly a third (32.6%) in the year 2022-2023. There were 1,132 business insolvencies an increase of 32.6% from 2021-2022’s figure of 854, an increase of 157.3% on 2020-2021’s figure of 440, and a rise of 19.4% compared to…
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Accountancy firm, Azets has announced that its has appointed Richard Oddy, as a Director in its restructuring and insolvency team in Yorkshire. Oddy is a qualified accountant and licensed insolvency practitioner with 20 years’ experience in providing practical and relevant advice to business owners, management teams and their stakeholders. He offers specialist advisory services to…
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Latest figures from the Insolvency Service have shown that the number of business insolvencies in England & Wales for March 2023 rose by 16%. The number of registered business insolvencies in March 2023 was 2,457, 16% higher than in the same month in the previous year (2,120). The increase in company insolvencies compared to March…
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Latest figures from Accountant in Bankruptcy (AiB) have indicated that business insolvency numbers (liquidations and receiverships) in Scotland rose in March 2023. The figures showed that there were 104 company insolvencies registered in Scotland, 21% higher than the number in March 2022. This was business insolvencies comprised of 40 compulsory liquidations, 61 CVLs, two administrations…
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Latest monthly statistics from the Insolvency Service have indicated that Northern Irish business insolvencies decreased while personal insolvencies declined slightly. In March 2023 there were 12 business insolvencies registered in Northern Ireland, this was 40% lower than in March 2022. The business insolvencies comprised of eight CVLs, two compulsory liquidations and two administrations. There were…
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