Credit, Collections & Insolvency News
Latest figures from Accountant in Bankruptcy (AiB) have shown that business insolvencies in Scotland increased by 3% in March 2025. The data showed that there were 118 business insolvencies registered in Scotland, which was 3% higher than the number in March 2024. The total insolvencies comprised of 55 CVLs, 57 compulsory liquidations and six administrations.…
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Latest monthly statistics from the Insolvency Service show that in March 2025, personal insolvencies declined while business insolvencies increased in Northern Ireland. The data showed that there were 134 personal insolvencies in, which was 9% higher than in March 2024. The insolvencies consisted of/ 102 IVAs, 18 bankruptcies and 14 DROs. Business insolvency data shows that…
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Latest figures from the Insolvency Service show the agency banned more than 1,000 directors in 2024-25, of which 736 were for Covid loan abuse. The report shows that of the 1,036 directors who were disqualified, 736 were for Covid loan abuse and the average length of a ban was eight years. The report also shows…
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In March, the following administration notices were issued and advertised in the London Gazette for the following companies: ABSOL REALISATIONS LTD ACM-47 GUILDFORD RD LIMITED ACTION ARTIFICIAL INTELLIGENCE LIMITED AD WILLIAMS LYDD LTD AD WILLIAMS SOUTHAMPTON LIMITED ADAM CARPETS LIMITED ADVENTURE PARC SNOWDONIA LIMITED AERGO LTD AFTECH LIMITED ALSIM SYSTEM BUILDING LIMITED ALTRIX TECHNOLOGY 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 March: 1 COMM SYSTEMS LIMITED 100WATT DESIGN LIMITED 1016 DEVELOPMENTS LIMITED 10761645 LTD 11220212 LTD 11557975 LTD 141 PARK LANE LIMITED 1CSS LTD 21ST CENTURY WASTE SOLUTIONS LTD 2ASB LTD 2MANYWINES LTD 3P EFFECTS DECORATING…
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In March, Winding Up Petitions (Companies) were issued and advertised in the London Gazette for the following companies: 1 CHARLES STREET LTD 111280 LTD 18-19 BUCKINGHAM GATE INVESTMENTS LIMITED 3 B’S FOOD GROUP LTD 3P EFFECTS DECORATING LTD 3RD SECTOR ESTATES LIMITED 4 IN 1 EXPRESS TAKEAWAY LTD 4PE SYSTEMS LTD 713 HOMES LIMITED 7EN…
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Latest figures from Accountant in Bankruptcy (AiB) have shown that business insolvencies in Scotland increased by 10% in February 2025 compared to 2024. The data showed that there were 103 company insolvencies registered in Scotland. The insolvencies comprised of 60 CVLs, 38 compulsory liquidations and five administrations. There were no CVAs or receivership appointments.
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Latest figures from the Insolvency Service have shown that the number of registered business insolvencies in England and Wales increased by 2.9% in February 2025 to a total of 2,035 compared to January 2025’s total of 1,978, and decreased by 7% compared to February 2024’s figure of 2,188. The business insolvencies consisted of 393 compulsory…
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Latest monthly statistics from the Insolvency Service have shown that personal insolvencies increased whilst business insolvencies declined in Northern Ireland in February 2025. The data showed that there 21 business insolvencies registered in Northern Ireland, this was 19% lower than in February 2024. The total number of company insolvencies was comprised of nine compulsory liquidations,…
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Latest figures from the Insolvency Service have shown that the number of registered business insolvencies in England and Wales in January 2025 was 1,971, 6% higher than in December 2024 (1,852) and 11% higher than the same month in the previous year (1,780). The business insolvencies consisted of 269 compulsory liquidations, 1,546 creditors’ voluntary liquidations…
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Latest data from the insolvency showed that the construction industry experienced the highest number of insolvencies in the 12 months to December 2024 at 4,032, making up 17% of all industry cases. Kelly Boorman, National Head of Construction at RSM UK, said “The latest rise in construction insolvencies shows the extent of the debt burden…
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The failure rate of new businesses relative to total insolvencies is at its lowest level for more than a decade, according to new analysis from PwC. In 2024 startups accounted for 46% of total company insolvencies, the lowest proportion in a decade by a large margin – despite record levels of company incorporations over the…
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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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