Business insolvencies decreased by 7.4% in September

21st October 2024 Business | #business insolvencies

Latest figures from the Insolvency Service have shown that there were 1,973 business insolvencies in September a decrease of 7.4% when compared to August’s total of 1,943. The business insolvencies consisted of 226 compulsory liquidations, 1,575 creditors’ voluntary liquidations (CVLs), 155 administrations and 17 company voluntary arrangements (CVAs). CVLs accounted for 80% of all company insolvencies. The…

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Scottish business insolvencies fall by 16%

Latest figures from Accountant in Bankruptcy (AiB) have shown that business insolvencies fell by 16%. In September 2024, there were 73 business insolvencies registered in Scotland, 16% lower than the number in September 2023. The total number of business insolvencies was comprised of 48 CVLs, 18 compulsory liquidations and seven administrations. There were no CVAs…

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Northern Irish personal insolvencies increase whilst business insolvencies fall

Latest monthly statistics from the Insolvency Service have shown that personal insolvencies increased by 20% and business insolvencies decreased by 24% in Northern Ireland. The data shows that in September 2024, there were 155 personal insolvencies in Northern Ireland. This was 20% higher than in September 2023. The personal insolvencies consisted of112 IVAs, 24 bankruptcies…

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Global insolvencies predicted to rise by 11%

21st October 2024 Business | #global insolvencies

Allianz Trade has forecasted an 11% rise in 2024, followed by an additional 2% increase in 2025, according to its latest Global Insolvency Report. In its latest  report it reveals a more severe outlook for the global business landscape, with insolvencies projected to climb by 11% in 2024 – an even steeper rise than previously…

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One in ten pubs face risk of closure

9th October 2024 Business |

Analysis by Price Bailey shows that a tenth of all UK pubs are at risk of closure, with one in five classified as technically insolvent. The study examined the credit risk scores and balance sheets of 37,961 pubs, finding that 7,445 have negative net assets, making them vulnerable to bankruptcy. Notably, 4,310 pubs are at…

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Howard Kennedy appoints new Insolvency Partner

9th October 2024 Appointments |

London law firm, Howard Kennedy has announced the appointment of Crispin Daly as Insolvency Partner. Daly focuses on complex domestic and cross-border insolvency and litigation mandates. He represents insolvency office holders, debtors, creditors and creditors’ committees, shareholders, and directors in a variety of contentious and non-contentious situations. Daly joins Howard Kennedy from Paul Hastings LLP…

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INSOLVENCY NOTICES: Appointment of Administrators – September 2024

In September the following administration notices were issued and advertised in the London Gazette for the following companies: 11052310 REALISATIONS LTD ABILITY RECRUITMENT SOLUTIONS LTD ADVIZA PARTNERSHIP AJ GALAXY LTD AK MIDLANDS WHOLESALE LTD ALDERLEY FARMS LTD ALEXANDRA PETER LTD ANCESTREL WINES LTD ANGUS PRINT LTD AQUALUX PRODUCTS LTD ASSURANCE CARE LTD ATLAS COMMODITIES LTD…

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LIQUIDATION NOTICES: Creditors Voluntary Winding-Up – September 2024

Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in September: 10-12 RUSSELL SQUARE Q LTD 1A PIZZA HOUSE LTD 1ST CALL ELECTRICAL (UK) LTD 2012 LTD 27FIBRE LTD 290 PIZZA LTD 2NWEST BUILDERS AND DECORATORS LTD 365 PROTECT LTD 3D PRINTZ LTD 4 OFFICE…

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INSOLVENCY NOTICES: Winding Up Petitions – September 2024

In September Winding Up Petitions (Companies) were issued and advertised in the London Gazette for the following companies: 18 BIKES LTD 24 SECURITY SERVICES LTD 2NBW INVESTMENTS LTD 3R ENERGY UK LTD A CANCAO DE LISBOA LTD A N R SPECIALISTS LTD ABBY LOGISTICS LTD ACTIVE NEURO LTD ADMIRAL CONSTRUCTIONS LTD AK&H TELECOMS LTD AKS…

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Aryza Group acquires NTI

4th October 2024 Insolvency |

Aryza Group, a provider of financial software solutions, has announced the acquisition of NTI, a bespoke training provider for restructuring, insolvency, and debt management solutions. NTI has expertise in delivering professional exam training, compliance reviews, technical helplines, and personal insolvency solutions. As a trusted EdTech provider, NTI’s flexible digital training platform offers on-demand access to…

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Business insolvencies fall by 9%

23rd September 2024 Business | #business insolvencies fall

Latest figures from the Insolvency Service have shown that there were 1,953 business insolvencies in August 2024, a decrease by 9% in August 2024 compared to July’s total of 2,144, and decreased by 14.6% compared to August 2023’s figure of 2,286. The business insolvencies consisted of 279 compulsory liquidations, 1,542 creditors’ voluntary liquidations (CVLs), 112…

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Scottish business insolvencies fall by 9%

Latest figures from Accountant in Bankruptcy (AiB) have shown that business insolvencies fell by 9% in August 2024. In August 2024 there were 102 business insolvencies registered in Scotland, this was 9% lower than the number in August 2023. The total number of business insolvencies was comprised of 56 CVLs, 42 compulsory liquidations, two administrations…

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Northern Irish business and personal insolvencies fall

The latest monthly statistics from the Insolvency Service have shown that business insolvencies decreased by 35% and personal insolvencies decreased by 8%. The data shows that in August 2024, there were 11 business insolvencies registered in Northern Ireland, 8% lower than in August 2023. The total number of company insolvencies comprised of one compulsory liquidation,…

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