Credit, Collections & Insolvency News
Latest figures from the Insolvency Service have shown that the number of registered business insolvencies in England and Wales increased by 1.4% in July when compared to the month before. The number of registered business insolvencies in England and Wales was 2,081 in July 2025, similar to both June 2025 (2,053) and the same month…
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Five companies which submitted false accounts showing hundreds of millions of pounds of profits have been shut down following investigations by the Insolvency Service and Companies House. Automarket Europe Limited, Integra Group Limited, Maxell Limited, Montana & Montana Limited, and Supermarket Plus Ltd claimed to trade as everything from supermarkets to car dealerships but no…
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A Welsh businessman, who was made bankrupt nearly 20 years ago, has been jailed for more than four years after hiding £130,000 in assets, continuing to operate as a company director, and obtaining more than £100,000 in credit. Helim Miah ran Fresh ‘N’ Clean (Wales) Ltd until 2006, when he was made bankrupt owing £12.3…
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Latest Accountant in Bankruptcy figures have shown that business insolvency numbers (liquidations and receiverships) in Scotland for Q1 2025-2026 increased by 17.3% compared with Q1 2024-2025, to a total of 332. The number of business insolvencies (liquidations and receiverships) in Scotland for Q1 2025-2026 increased by 12.9% compared with the previous quarter’s total of 294…
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Latest figures revealed by the Insolvency Service show that £57.5 million has been returned to the UK economy in the past year, and over 69,000 people have been supported through emergency redundancy payments. The Annual Report and Accounts show that Insolvency Service Official Receivers handled 10,817 new insolvency cases during 2024-25 , this has resulted…
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The construction industry experienced the highest number of insolvencies in the 12 months to May 2025 at 4,056, making up 17% of all industry cases according to latest data from the Insolvency Service. Overtrading risk looms for construction amid housing and infrastructure drive Commenting on the data, Kelly Boorman, National Head of Construction at RSM UK,…
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Latest monthly statistics from the Insolvency Service show that business and personal insolvencies increased in Northern Ireland in June 2025. The data showed that there were 25 business insolvencies registered, 47% higher than in June 2024. The insolvencies comprised of 14 compulsory liquidations, seven CVLs, three CVAs and one administration. There were no receivership appointments. Personal insolvency…
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In June, the following administration notices were issued and advertised in the London Gazette for the following companies: 79TH COMMERCIAL ONE LTD 79TH LUXURY LIVING FOUR LIMITED A B DEVELOPMENTS (YORKSHIRE) LIMITED AGFORM LIMITED AIDRIVERS LTD ALEGATUM LIMITED ALFRED CHARLES HOMES (BRACEY’S FIELD) LTD ALUFOLD DIRECT LIMITED ANDREW PLASTICS LTD APPLIANCE HOUSE LTD ARMADILLO MANAGED…
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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: 1903 HOOTON PAGNELL LTD 1950`S BOUTIQUE LTD 1ST FACILITY MANAGEMENT LIMITED 1ST RAPID MAINTENANCE LTD 2048 ORACLE CENTRE READING (LEASECO) LIMITED 2MW HEWORTH LTD 2XSTREAM LIMITED 3DM LEISURE LIMITED 3XPOINT LTD. 4 WALLS DEVELOPMENTS…
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In June, Winding Up Petitions (Companies) were issued and advertised in the London Gazette for the following companies: 3 AUK (LONDON) LTD 3011MAPLESIGN LTD 31STOREYS LIMITED 4 GREEN ARCHITECTURE LIMITED 66 HAYMARKET LIMITED 737 LTD A A PROPERTY INVESTMENT (LUTON) LIMITED A K BUILDING & DECORATING LTD A K K SERVICES LTD A WILLIAMS CONTRACT…
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Insolvency-related activity in Scotland hit a 29-month high in May 2025, according to new research from R3, the UK’s insolvency and restructuring trade body. R3’s analysis of data provided by Creditsafe shows there were 141 cases of insolvency-related activity in Scotland in May – the highest number on record since December 2022’s figure of 142.…
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In May, the following administration notices were issued and advertised in the London Gazette for the following companies: 375 PROPERTIES LIMITED 79TH COMMERCIAL THREE LTD 79TH GRP CLIENT LTD 79TH GRP THREE LTD 79TH LUXURY LIVING FIVE LTD 80SIX LTD A, R & S SHINGDIA ACM COMMERCIAL LIMITED ACM EDUCATION LIMITED ACM LONDON LIMITED AITA…
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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: 1 LIFE U K LTD 3RIO GROUP LIMITED 99 MEDIA ORG LTD A AND S TRADING NW LTD A B DEVELOPMENTS (YORKSHIRE) LIMITED A V CAPITAL UK LIMITED A&V MOTOR ACCIDENT REPAIRS LTD AAA…
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