Credit, Collections & Insolvency News
Knights has announced that it has agreed to acquire Coffin Mew, a leading independent law firm in the South East. With a 130 year history operating in the South East of England, Coffin Mew is a leading independent law firm based primarily in Portsmouth with offices in Southampton, Brighton and Newbury. The acquisition brings 102…
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Latest figures from Accountant in Bankruptcy (AiB) have indicated that business insolvency numbers (liquidations and receiverships) in Scotland increased in April. In April 2022 there were 92 company insolvencies registered in Scotland, 142% (2.4 times) higher than April 2021 but 10% lower than in April 2019. The insolvencies comprised of 17 compulsory liquidations, 73 CVLs,…
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Latest statistics from the Insolvency Service have indicated that Northern Irish business insolvencies increased whilst personal insolvency figures declined in the latest monthly figures round-up for April. In April 2022 there were 13 company insolvencies registered in Northern Ireland, 2.6 times as many as in April 2021, but 32% lower than April 2019. This was…
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Latest figures from the Insolvency Service have shown that the number of business insolvencies in England & Wales decreased by 6% in April 2022 to a total of 1,991 compared to March’s total of 2,119, and increased by 115.2% compared to April 2021’s figure of 925. Business insolvencies were more than double the number registered in…
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Business advisory firm, Quantuma, has appointed Lee Brocklehurst as Director at its Nottingham office. Joining from RSM, Brocklehurst has over 25 years’ experience in restructuring and insolvency, working across a diverse range of accountancy practices and insolvency boutiques. As well as advising SMEs and large corporates, Lee has extensive experience advising individuals facing personal financial…
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Independent financial advisory business, Interpath Advisory has announced the appointment of Michael Leeds as Managing Director (MD) in its Contentious Insolvency team. Leeds joins Interpath from Grant Thornton where he was a Partner in the Insolvency and Asset Recovery team. He is an experienced insolvency practitioner and has over 17 years’ experience of working…
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In April Winding Up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: 24/SEVEN CONTRACTS (UK) LTD 2TE ISLAND LTD 360 DEGREES MANAGEMENT LTD 3PHASE ELECTRICAL ENGINEERING LTD 999 PLUMBING HEATING & DRAINAGE LTD A J (PLYMOUTH) LTD A J SMITH (TELFORD) LTD A1 SUPA SKIPS LTD ADS REALITY…
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In April the following administration notices have been issued and advertised in the London Gazette for the following companies: 20 – 24 (20-22) LTD 27-33 CAROLINE STREET LLP 35 QR LTD 52 MP LTD 98 LR LTD ABACUS PRINT LTD ACTIVE WEAR LTD ADAPTABLE CONSULTANCY LTD ALDERDALE SEATING LTD ANGLIA RECOVERY LTD APOLLO MEDICAL INFORMATION…
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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: 1 T0 WEAR LTD 1ST GLASS UK WINDOWS AND DOORS LTD 22M LTD 23TSL LTD 2AA REMOVALS LTD 2HANDYSERVICES LTD 3D MEDICAL IMAGING LTD 3F LTD 3UNIQUE LTD 458 CONTRACTS LTD 5 SPICES…
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Greenlight Credit (trading as Varooma) has entered administration. The short term lender provided customers with finance on logbook loans secured on the customer’s vehicle. Logbook lending allows the lender owns the vehicle until the loan is paid back in full. Martin Charles Armstrong and Andrew Richard Bailey of Turpin Barker Armstrong were appointed as Joint…
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Administrators are working to return savings to members of the North East Warrington Credit Union (NEWCU) after the company has been declared insolvent. The members’ committee of North East Warrington Credit Union (NEWCU) resolved to place the company into administration on 4th May. The Financial Services Compensation Scheme (FSCS) declared the Company in default, which…
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SKSi has announced the appointment of Fred Satow as Chief Executive Officer. Satow is a licenced insolvency practitioner and chartered accountant regulated by the ICAEW. He has a wide range of experience advising businesses, individuals, lenders and other stakeholders facing financial challenges and specialises in solvent liquidations and reorganisations, property and the personal injury /…
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The City of Plymouth Credit Union has entered administration. James Sleight and Peter Hart of PKF GM were appointed as Joint Administrators of CPCU on 27 April 2022. The Financial Services Compensation Scheme (FSCS) has also declared the credit union in default, which means that all savers’ monies are protected and will receive their funds (up to…
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