Credit, Collections & Insolvency News
A new Insolvency Service taskforce will target ‘abusive phoenixism’ by company directors. The Insolvency Service will use AI to root out rogue directors who deliberately fold their companies to dodge tax and walk away from their debts. Phoenixism accounted for 22 per cent of the £3.8 billion in total tax losses in 2022-23, according to…
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Restructuring and insolvency practice Business Rescue Expert (BRE) has bolstered its North West operation with the appointment of Gareth Hunt. Insolvency Practitioner Hunt has joined the firm’s Manchester office from RPG, where he was head of business recovery. He brings more than 20 years’ experience in the debt advisory and insolvency sector, handling corporate and…
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Creditors’ Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in June 2026: 03304393 LIMITED 10537574 LIMITED 16 SCREEN LIMITED 189 PRODUCTIONS LTD 18A LIMITED 24 DUFFIELD LTD 2B STRUCTURES LTD 2HAND LTD 2ND GENERATION FACADES LTD 360 PUBLISHING LIMITED 3D SECURITY LTD 3S COMMERCIAL LTD…
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In June 2026, the following administration notices were issued and advertised in the London Gazette for the following companies: 34 LAVENDER LANE LTD 35 WORSLEY CLOSE LTD 40 STATION ROAD LTD 42 BLUEBELL WAY LTD 5 MAY STREET LTD 7 EDGEWARE COURT LTD 88 LYON STREET LTD ABBEYGLEN (CANNING ROAD) LIMITED ABBEYGLEN PROPERTIES (CASTLEMAINE) LIMITED…
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In June 2026, Winding Up Petitions (Companies) were issued and advertised in the London Gazette for the following companies: 125 DATA & INSIGHTS LTD 2 BLOCKS VENTURES LIMITED A & J RESTAURANT VENTURES LIMITED A A HOMES AND HOUSING (EXCHANGE COURT) LIMITED A CARTER AGRICULTURAL SERVICES LIMITED A PLUS CONSTRUCTION PARTNERSHIP LLP A TO Z…
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The Insolvency Service has published its latest ‘Confidence in the Regime’ report, which looks at how stakeholders across the insolvency community have received the actions and policies of the Insolvency Service. The latest report was commissioned to gauge the success of the organisation’s five-year strategy, now in its final year. The research sought the views…
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Latest figures from the Insolvency Service have shown that the number of business insolvencies in England and Wales fell to 1,868 in May 2026, 10% lower than in April 2026 (2,087), and 16% lower than the same month in the previous year (2,231 in May 2025). The insolvencies consisted of 285 compulsory liquidations, 1,423 creditors’ voluntary…
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Latest monthly statistics from the Insolvency Service have shown that personal insolvencies fell whilst business insolvencies increased in Northern Ireland in May 2026. The data showed that there were 140 personal insolvencies; this was 37% higher than in May 2025. There were 99 IVAs, 20 bankruptcies and 21 DROs. There were 30 business insolvencies, 43% lower…
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Latest figures from the Accountant in Bankruptcy (AiB) have shown that business insolvencies in Scotland decreased in May 2026. The data showed that there were 100 business insolvencies registered in Scotland, 25% lower than the number in May 2025. The business insolvencies comprised 51 CVLs, 40 compulsory liquidations, seven administrations and two CVAs. There were no…
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UK business insolvency stress has remained significantly above its historical baseline for 17 consecutive weeks, according to FrictionIndex, the UK’s first weekly measure of corporate insolvency activity across 21 economic sectors. T The index is currently elevated, with 12 of the main 18 tracked sectors showing above-normal stress levels despite an 8.4% decline over the…
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In May 2026, the following administration notices were issued and advertised in the London Gazette for the following companies: 12470936 LIMITED 4MERIT IMMIGRATION LIMITED ABSOLUTE POST LIMITED AERALIS LTD AIRSPRUNG FURNITURE LIMITED AIRSPRUNG GROUP PLC ALTERNATIVE USE BOSTON PROJECTS LIMITED ARUSTON LTD BARRETTS OF WOODBRIDGE LIMITED BECON (PRECISION) ENGINEERING MANUFACTURERS LIMITED BENLOWE GROUP LIMITED BERRIDGE…
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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 2026: 11 ENTERPRISES LTD 1CARD SOLUTIONS LTD 24 HOUR 7 DAY SECURITY LTD 2LOD COMPLIANCE LIMITED 3 R CONSULTING LIMITED 42 SQUARE (LONDON) LIMITED 51 STUDIO LIMITED 7 TM LTD 720 DIGITAL LIMITED 82-35…
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In May 2026, Winding Up Petitions (Companies) were issued and advertised in the London Gazette for the following companies: 13040874 LTD 18-19 BUCKINGHAM GATE CONSTRUCTION LIMITED 2B STRUCTURES LTD 365 GROUNDWORK LTD 55 HOSPITALITY LIMITED A CONSULTANCY SERVICES LIMITED A T S S LIMITED A.R.J. BUTCHERS (SHAWS) LIMITED A7 COMMODITIES LIMITED ACCES LINK LTD AEQUITAS…
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