Credit, Collections & Insolvency News
In January the following administration notices were issued and advertised in the London Gazette for the following companies: A.J. SIMS LIMITED ALTIS INDUSTRIES LIMITED ANDREWS MARQUEES LIMITED ANGLO TECHNICAL RECRUITMENT LIMITED AYLESBURY PARK GOLF CLUB LIMITED BRAND AGENCY (LONDON) LIMITED CELSUS GROUP LIMITED COAST HOTELS AND LEISURE LIMITED COLD STORE GROUP LIMITED COMMUNITY & BUSINESS…
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Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in January: 06562942 LTD 13 BAR LIMITED 2021 ENG SOL LTD 26 TWELVE LTD 3 CROWNS PROPERTY & MAINTENANCE CONTRACTORS LTD 3RADICAL LIMITED 5G CHAUFFEURS LIMITED 6 VISION LIMITED 72ND AND MAD LIMITED 77 PROPERTY 7…
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In January, Winding Up Petitions (Companies) were issued and advertised in the London Gazette for the following companies: 06738324 LTD 08112018 LTD 12GP MANAGEMENT LIMITED 14534813 LTD 15530565 LTD. 1ST ARMOUR SECURITY LIMITED 247 EXCELLENT QUALITY CARE LTD 24H RECRUITMENT SOLUTIONS LTD 3 CROWNS PROPERTY & MAINTENANCE CONTRACTORS LTD 50 ST EDMUND’S TERRACE FREEHOLD LIMITED…
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Business insolvency numbers (liquidations and receiverships) in Scotland for Q3 2024-2025 decreased by 2.4% compared with Q3 2023-2024, to a total of 285 according to latest Accountant in Bankruptcy data. Business insolvencies (liquidations and receiverships) decreased by 8.9% when compared with the previous quarter’s total of 313 (July-September 2024). Commenting on the Scottish insolvency statistics,…
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Annual figures from Accountant in Bankruptcy (AiB) have shown that business insolvencies in Scotland remained stable in 2024. Scottish business insolvencies remained steady at 1,236 compared to 1,234 in 2023. Figures for December 2024, showed that there were 82 business insolvencies registered in Scotland, 24% lower than the number in December 2023. The business insolvencies…
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Annual statistics from the Insolvency Service have shown that Northern Irish business insolvencies increased whilst personal insolvencies figures remained similar to the numbers in 2023. The annual number of business insolvencies in Northern Ireland in 2024 was 305, a 40% increase from 2023 (218 in total). In December 2024 there were 23 business insolvencies registered…
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Latest figures from the Insolvency Service have shown that the number of registered business insolvencies in England and Wales was 1,966 in November 2024, 13% higher than in October 2024 (1,743) and 12% lower than the same month in the previous year (2,243 in November 2023). The business insolvencies consisted of 254 compulsory liquidations, 1,565…
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Latest figures from Accountant in Bankruptcy (AiB) have shown that business insolvencies increased by 5%. In November 2024, there were 114 business insolvencies registered in Scotland, 5% higher than the number in November 2023. The insolvencies comprised of 55 CVLs, 54 compulsory liquidations and five administrations. There were no CVAs or receivership appointments.
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More than one in ten (12%) restaurants are at imminent risk of closure as their financial position has worsened over the last 12 months, according to an analysis of financial data by Price Bailey. The research analysed the credit risk scores and balance sheet information of all 50,900 British restaurants. It found that 10,388 (20%…
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Insolvencies in the hospitality sector have increased year-on-year, according to analysis by RSM UK. The insolvency statistics show accommodation and food services insolvencies were up 5% in the year to September 2024 (from 3,490 in the 12 months to September 2023, to 3,679 in the 12 months to September 2024. Insolvencies in the sector saw…
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Latest figures from the Insolvency Service have shown that the number of business insolvencies in England and Wales was 1,747 in October 2024, 10% lower than in September 2024 (1,950) and 24% lower than the same month in the previous year. The business insolvencies figures consisted of 188 compulsory liquidations, 1,445 creditors’ voluntary liquidations (CVLs), 100…
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In October the following administration notices were issued and advertised in the London Gazette for the following companies: 10463817 LIMITED A. M. C. (U.K.) FASTENERS LIMITED A3D2 LIMITED ACTIVE ARENA CIC ADVANCED BACTERIAL SCIENCES LIMITED AFFINITY CLASSICS & ENGINEERING (ACE) LTD AFFINITY LEASING LIMITED ARMSTRONG TEASDALE LIMITED ARMSTRONG TEASDALE MANAGEMENT LIMITED ASHTON BESPOKE LIMITED BELA…
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The Office of the Official Receiver is 140 years old this year, marking a history that has evolved from administering personal bankruptcies to overseeing major company liquidations and securing Bankruptcy Restrictions against people who pose a threat to the public through financial wrongdoing. The Insolvency Service has 16 Official Receivers based across 16 locations in…
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