Credit, Collections & Insolvency News
Organisations representing the UK’s independent brewers and beer consumers have called for urgent action on energy and support for the sector. The Society of Independent Brewers (SIBA) and the Campaign for Real Ale (CAMRA) have jointly signed a letter to the Chancellor highlighting the challenges which are putting the future of the UK beer industry…
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Directors of Scunthorpe headstone company have been disqualified as directors by the Insolvency Service. The husband and wife directors were disqualified after taking customers’ payments while knowing the business was insolvent. Paul Hubbard and Susan Hubbard have been disqualified as directors for eight and six years respectively, after taking deposits in excess of £30,000 from…
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A company director has been banned after each of his four companies wrongly claimed Bounce Back Loans and overstated turnover of his construction contractor companies to secure £200,000 Covid 19 financial support to which he was not entitled. Stephen Burke, has been disqualified as a director for 11 years. Burke was director of four companies…
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Latest figures from the Insolvency Service have shown that the number of business insolvencies in England & Wales increased by 7.5% in July 2022 to a total of 1,827 compared to June’s total of 1,699, and increased by 66.7% compared to July 2021’s figure of 1,096. The figures 67% higher than in the same month…
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Latest figures from Accountant in Bankruptcy (AiB) have indicated that business insolvency numbers (liquidations and receiverships) in Scotland were static in Juy 2022. In July 2022 there were 70 business insolvencies registered in Scotland, similar to the number in July 2021 but 28% lower than in July 2019. The insolvencies comprised of 15 compulsory liquidations…
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Five individuals have separately been made subject to bankruptcy restrictions totalling 48 years as the Insolvency Service continues to identify and tackle abuse of the Bounce Back Loan scheme. In each of the five separate cases, the Bounce Back Loans were either wrongfully obtained through overstating their businesses turnover, or on behalf of a company…
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In July the following administration notices have been issued and advertised in the London Gazette for the following companies: 21ST ARCHITECTURE LTD 33 LEGAL LTD A & H PROPERTY LTD ABERLA M&E LTD ABERLA SERVICES LTD ABERLA UTILITIES LTD ABSURD BIRD LTD AEG TEACHWALL LTD AIR ADS LTD AIR COOL ENGINEERING MIDLANDS LTD. ALMOR 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 July: ‘COD’ FELLA’S LTD 10 BUSINESS ENVIRONMENTS LTD 1ST STEP ACCOMMODATION LTD 1STFOREGOLF LTD 22 SPACES MANAGEMENT LTD 24/7 FACILITIES MANAGEMENT SERVICE LTD 24/7 FITNESS GROUP LTD 2E TECH LTD 33HZ LTD 33SIX CONSULTANCY LTD…
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In July Winding Up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: 24/7 STAFFING SUPPORT LTD 9TRAK LTD A J BUILDING & PLUMBING SERVICES LTD A TOUCH OF GLASS HAMPSHIRE LTD ACTION CREDIT MANAGEMENT LTD ACTIVE CONSTRUCTION (COVENTRY) LTD AHDC ENGINEERING LTD AIRCOOL TECHNOLOGY LTD AIUK LIFE LTD…
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Latest quarterly figures from the Insolvency Service for England & Wales showed that there were 5,629 business insolvencies registered in Q2 2022, the figures were 13% higher than the number of business insolvencies registered in the previous quarter and 81% higher than during the same quarter in the previous year. The total number of registered…
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Latest quarterly figures from Accountant in Bankruptcy (AiB) have indicated that business insolvency numbers (liquidations and receiverships) in Scotland increased by 58%, The figures showed that in Q2 2022, there were 261 total company insolvencies in Scotland, this was 58% higher than in the same quarter of 2021. The business insolvencies comprised 44 compulsory liquidations,…
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Latest quarterly statistics from the Insolvency Service have indicated that Northern Irish personal insolvencies increased whilst business insolvency figures declined. The figures showed that in Q2 2022 there were 440 personal insolvencies in Northern Ireland, 25% down on the same quarter of 2021. The insolvencies comprised 373 IVAs, 39 DROs and 28 bankruptcies. Separately there…
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Latest figures from the Registry Trust has shown a significant increase in the number and value of monetary judgments (including CCJs) registered against consumers and business in England & Wales compared to the same period last year. The total number of monetary judgments registered in England & Wales rose from 207,976 in Q2 2021 to…
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