Credit, collections & insolvency news
A former Director of Extra Energy Supply has been banned from running a business for six years. Mordechay Ben-Moshe, 48, was a Director of Birmingham-based Extra Energy Supply, which supplied around 130,000 household and business customers at the point it went into administration in December 2018. At the time of its collapse, Extra Energy Supply was…
Read more
Latest figures from Accountant in Bankruptcy (AiB) have indicated that Scottish business insolvency numbers (liquidations and receiverships) decreased in September. The figures showed that. in September 2023 there were 87 business insolvencies registered in Scotland, which was 16% lower than the number in September 2022. The insolvencies comprised of 30 compulsory liquidations, 52 CVLs and five…
Read more
Latest figures from the Insolvency Service have shown that the number of business insolvencies in England & Wales for September 2023 increased by 17% when compared to last year. The number of registered business insolvencies was 1,967, compared to 1,688 in September 2022. Of the registered business insolvencies in September 2023 there were 1,576 CVLs,…
Read more
In September the following administration notices were issued and advertised in the London Gazette for the following companies: 6 TOWNS CREDIT UNION LTD ACELERON LTD ACTIVE SOLUTIONS UK LTD ACUITY SELECTIVE FINANCE LTD ANNAFIELD LTD APEX AERO LTD APEX BSJ LTD ATG – IT. LTD AUSTIN FRASER LTD AXIS SIGNS LTD BABY TV LTD BABYLON…
Read more
Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in September: 01437238 LTD 1111 HOLDINGS LTD 13 FUSION LTD 2020 HOTELS LTD 222 GROUP LTD 231 HOSPITALITY LTD 29 HIGH STREET EAST GRINSTEAD LTD 2B REFURBISHMENT LTD 365 HOSPITALITY & LEISURE GROUP LTD 7 &…
Read more
In September Winding Up Petitions (Companies) were issued and advertised in the London Gazette for the following companies: 1966 ENTERTAINMENT LTD 21 SOHO SQUARE LTD 333 RECORDS LTD A BRIGHT CARE LTD AC CARE SERVICES LTD ACORDD DOORS LTD ACTIVE ALLOYS LTD AERONA CLINICAL LTD AIRSOFT ANONYMOUS LTD AJH GROUP CONSTRUCTION LTD AJS SERVTECH LTD…
Read more
The former boss of failed outsourcing and construction company, Carillion has been banned by the Insolvency Service from leading a business for 8 years. Richard Howson, who was the Chief Executive Officer of Carillion Plc until 10th July 2017, Carillion collapsed in January 2018 amid debts worth £7 billion, leaving a string of projects in its wake across…
Read more
The Serious Fraud Office (SFO) has brought fraud charges against four individuals, including a former director, who oversaw the financial failure of a chain of almost 200 high street bakeries. The SFO has charged former director and Chief Financial Officer of Patisserie Holdings Plc for 12 years, Christopher Marsh, and his wife, accountant Louise Marsh,…
Read more
The charity behind National Debtline has responded to the Government’s decision to row back on plans to bring insolvency firms under independent regulation, calling the decision disappointing. The Money Advice Trust, which runs the free National Debtline and Business Debtline advice services, warns that the changes do not go far enough to protect people in…
Read more
Insolvency firms face being formally regulated for the first time under reforms to be announced next week that will nevertheless fall short of a pledge to establish a new regulator according to Sky News. The news service says it has learnt that the Insolvency Service, which is part of the Department for Business and Trade,…
Read more
Latest figures from the Insolvency Service have shown that the number of business insolvencies in England & Wales for July 2023 decreased by 20.4% to a total of 1,727 compared to July and decreased by 5.7% compared to July 2022’s figure of 1,831. Business insolvencies increased by 57.6% compared to July 2021 and increased by…
Read more
In July the following administration notices have been issued and advertised in the London Gazette for the following companies: 152 LR LTD 154 LR LTD A & A TRAINING LTD ABERYSTWYTH MARINA LTD ACCLAIM UPHOLSTERY COMPANY LTD ACUMEN CARE SERVICES LTD ADAMO COMMONWOOD MANOR LTD ADAMO RIVERCROFT HOTEL LTD AFFORDABLE FITNESS LTD ART PROJECTS FOR…
Read more
In July Winding Up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: 20190221 LTD 231 HOSPITALITY LTD 4 FOOD LONDON LTD A & U (LONDON) LTD A TO Z COMPONENTS LTD A.B. HAULAGE LTD ABACUS ENERGY ENTERPRISES LTD ACF CONSULTANTS LTD ACTIVE BRAND CONCEPTS LTD ACUTE ELEVATORS LTD…
Read more