Credit, Collections & Insolvency News
An independent financial adviser who had debt over £300,000 has been issued with a nine-year bankruptcy order after failing to provide services to customers Marc Jones, from Cardiff, was self-employed as an independent financial advisor from January 2012 until October 2018. From 2018 to 2019 he worked on behalf of a financial institution selling various…
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Interpath Advisory has announced the arrival of experienced restructuring advisor and insolvency practitioner Ryan Grant as Managing Director. Grant s arrival comes as the firm also announces the appointment of five new directors and a total of 51 further promotions across the business, as it continues to invest in its growing suite of advisory services.…
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In March the following administration notices have been issued and advertised in the London Gazette for the following companies: 157 US LTD 2 FR LTD 20 – 24 (FB) LTD 28 FL LTD 28FSM LTD ACM ACOUSTIC ENGINEERING LTD ADAPTIVE MODULES LTD ANGLO CHINESE PROPERTY CORPORATION LTD ANIL ESTATES LTD ARIA DEVELOPMENTS LTD ARNAOUTI PITTA…
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Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in March: 108 (DARLINGTON) LTD 1701 ENTERPRISE LTD 1776 GROUP LTD 1821 HOLDINGS LTD 1ST CHOICE ROLLER SHUTTER SERVICES LTD 2 DEGREE C LTD 2 PHYSIQUE’D LTD 2017 EASY EATING LTD 2TEMPTU TRAVEL LTD 3D DIGITAL…
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In March Winding Up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: 05638092 LTD 4PROPERTYUK LTD A & L GENERAL BUILDING LTD A1 RESTORATIONS LTD ACS MAX LTD AIRLINE MAINTENANCE TRAINING LTD ALBION FABRICATIONS LTD ALLIANCE BRICKWORK LTD AMANAH BB CENTRE LTD ANCHOR HOUSE CONSTRUCTION LTD ARCADIA ALIVE…
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Energy providers could receive up to £2.4 billion for taking on the customers of firms that have collapsed since 2021 according to written evidence given to the Business, Energy and Industrial Strategy Committee by industry regulator Ofgem. The Committee published the figures as part of its inquiry into energy pricing and the future of the…
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Deloitte has announced the appointment of Bhaskar Acharya as an Advisory Corporate Finance Partner in the Corporate Turnaround practice. Acharya joined Deloitte in January as a partner in the firm’s Corporate Turnaround practice. He is working alongside Chris Skinner in the firm’s Performance Improvement services offering in the UK, with a focus on originating special situations.…
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Latest figures from the Insolvency Service have indicated that the number of business insolvencies in England & Wales more than doubled year-on-year last month, with 1,515 business insolvencies in February. The increase was 121.2% compared to February 2021’s figure of 685. They were also 12.6% higher than in February 2020 (1,346). The increase in company…
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Latest figures from Accountant in Bankruptcy (AiB) has indicated that business insolvency numbers (liquidations and receiverships) in Scotland nearly tripled in February. In February 2022 there were 73 business insolvencies registered in Scotland, 181% (2.8 times) higher than February 2021 but 15% lower than in February 2020. The business insolvencies comprised of 10 compulsory liquidations,…
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Latest statistics from the Insolvency Service have indicated that Northern Irish business and personal insolvency figures increased the latest quarterly figures. In February 2022 there were 18 business insolvencies registered in Northern Ireland, this was over three times as many as in February 2021, but 33% lower than February 2020. The insolvencies comprised of 10…
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Restaurant insolvencies increases by a fifth to reach highest levels since pandemic began according to new research by UHY Hacker Young. The data shows that restaurant insolvencies rose to 354 in the last quarter of 2021, up from 296 in the previous three-month period. UHY Hacker Young says that restaurants will also have to contend…
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Insolvency and restructuring trade body R3 has published new research which aims to address a range of misconceptions about insolvency fees. R3’s paper, ‘Insolvency fees and the cost of regulation – the detail behind the headlines’, explains how insolvency fees are charged, paid and regulated, and provides an overview of the role of the…
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Company Directors of a sign company are to face a ban after they failed to pay a £70,00 tax bill but also failed to maintain and preserve adequate accounting records for the company. Husband and wife, Robert Headspeath and Mandy Headspeath both of Galashiels, Scotland, have been disqualified as directors for six years each. The…
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