Credit, Collections & Insolvency News
Latest monthly statistics from the Insolvency Service have indicated that Northern Irish business insolvencies and personal insolvency increased. The figures in December 2022 indicated that there were 15 business insolvencies registered in Northern Ireland, 67% higher than December 2021, but 53% lower than December 2019. The business insolvencies comprised of 11 CVLs, two compulsory liquidations…
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The Insolvency Service has given a ten year bankruptcy restrictions to an Uxbridge clothes wholesaler who abused Bounce Back Loans. Muhammad Arif from Uxbridge, has been made subject to ten years of bankruptcy restrictions for claiming a £50,000 Bounce Back Loan to which he was not entitled. Arif had run a wholesale clothing business in…
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Latest figures from Accountant in Bankruptcy (AiB) have indicated that business insolvency numbers (liquidations and receiverships) in Scotland increased by 13% in November 2022. There were 118 business insolvencies registered in Scotland, 13% higher than the number in November 2021 and 36% higher than in November 2019. The business insolvencies comprised of 42 compulsory liquidations,…
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Latest figures from the Insolvency Service have shown that the number of business insolvencies in England & Wales increased by 4.2% in November 2022 to a total of 2,029 compared to October’s total of 1,948, and increased by 21.1% compared to November 2021’s figure of 1,676, and by 34.8% compared to November 2019’s total of 1,505.…
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In November the following administration notices have been issued and advertised in the London Gazette for the following companies: 109 CR LTD 7BONE GERVIS PLACE LTD 7BONE HOLDINGS (1) LTD 7BONE HOLDINGS LTD ACL ASTUTE 2006 LTD ACL ASTUTE 2022 LTD ADVANCED DIGITAL INNOVATION (UK) LTD AE AEROSPACE (BIRMINGHAM) LTD ALDER BRIDGE ASSOCIATION FOR STEINER-WALDORF…
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Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in November: 1080 LONDON LTD 1SR LTD 1UPSEARCH LTD 2DAY’S GRILL HOUSE LTD 36-44 LODGE ROAD LTD 360 CAPITAL CONSULTANCY LTD 4 SEASONS (PARK FARM) LTD 4CI JAMES LTD 4TH GENERATION (NW) LTD 599 GG LTD…
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In November Winding Up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: 36-44 LODGE ROAD LTD 3D INDUSTRIES LTD 4 FORCES KEYHOLDING LTD 42 SOLUTIONS LTD 445 WOOLWICH ROAD LTD A.L.L. BUILDERS LTD ABBEY RETAIL (MCR) LTD ABBEY TAX AND ACCOUNTANCY LTD ACADEMY FOODSERVICE LTD ADAM GROOMING LB…
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Two Leicestershire company directors have been banned for a total of 19 years by the Insolvency Service for misconduct including Bounce Back Loan abuse and failing to keep company books and records. Savio Gilbert Pereira, 46, and Sajid Anver Valimohammed, 37, have been disqualified as company directors for a total of 19 years following separate…
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A director of Brentwood property development company has been disqualified by the Insolvency Service for 11 years after overstating his company’s turnover in order to claim £50,000 that the business was not entitled to. Anthony Killarney, from Brentwood, has been given an 11-year ban for falsely claiming a £50,000 Bounce Back Loan for his property…
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Latest figures from the Insolvency Service have shown that the number of business insolvencies in England & Wales were 38% higher than in the same month in the previous year (1,410 in October 2021), and 32% higher than the number registered three years previously (pre-pandemic; 1,477 in October 2019). The number of registered company insolvencies…
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Latest figures from Accountant in Bankruptcy (AiB) have indicated that business insolvency numbers (liquidations and receiverships) in Scotland increased in October. The figures show that there were 82 business insolvencies registered in Scotland, 22% higher than the number in October 2021 and 1% higher than in October 2019. The business insolvencies comprised of 19 compulsory…
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In October the following administration notices have been issued and advertised in the London Gazette for the following companies: 2NDHND LTD 36C HARRINGTON GARDENS LTD ACCENTIA FRANCHISE CONSULTANTS LTD AEROCARE INTERNATIONAL LTD ALLOY FUSION LTD ARCADIAN LIVING LTD AVENUE CLOSE FREEHOLD LTD BIRMINGHAM INNER CIRCLE COMMUNITY CREDIT UNION LTD BLACK CAPITAL PARTNERS LTD BLUE MARBLE…
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Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in October: (UK) CITY APARTMENTS LTD &OFFICES CANARY WHARF LTD 1 CR LTD 145 SMR LTD 174A WF LTD 199 CMR LTD 1ST HOMES LTD 1ST INVESTMENTS LTD 1STCC LTD 2 BOX LTD 205 BR LTD…
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