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.
Read moreMore 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%…
Read moreInsolvencies 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…
Read moreLatest 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…
Read moreIn 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…
Read moreThe 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…
Read moreIn September Winding Up Petitions (Companies) were issued and advertised in the London Gazette for the following companies: 18 BIKES LTD 24 SECURITY SERVICES LTD 2NBW INVESTMENTS LTD 3R ENERGY UK LTD A CANCAO DE LISBOA LTD A N R SPECIALISTS LTD ABBY LOGISTICS LTD ACTIVE NEURO LTD ADMIRAL CONSTRUCTIONS LTD AK&H TELECOMS LTD AKS…
Read moreLatest figures from Accountant in Bankruptcy (AiB) have shown that business insolvencies fell by 9% in August 2024. In August 2024 there were 102 business insolvencies registered in Scotland, this was 9% lower than the number in August 2023. The total number of business insolvencies was comprised of 56 CVLs, 42 compulsory liquidations, two administrations…
Read moreThe latest monthly statistics from the Insolvency Service have shown that business insolvencies decreased by 35% and personal insolvencies decreased by 8%. The data shows that in August 2024, there were 11 business insolvencies registered in Northern Ireland, 8% lower than in August 2023. The total number of company insolvencies comprised of one compulsory liquidation,…
Read moreTwo connected companies which fraudulently received more than £1 million in Covid support loans have been shut down by the courts following an investigation by the Insolvency Service. Ledbridge Consultants Ltd and Montague Partners Ltd, which had registered offices in Birmingham and London, were wound-up at the High Court in London on Tuesday 10 September.…
Read moreThe latest monthly statistics from the Insolvency Service have shown that business insolvencies increased by 54% and personal insolvencies increased by 41%. The data shows that in July 2024 there were 20 business insolvencies registered in Northern Ireland, 54%, this was higher than in July 2023. The business insolvencies comprised of 10 CVLs, five compulsory…
Read moreLatest figures from Accountant in Bankruptcy (AiB) have shown that business insolvencies in Scotland increased by 21% in July 2024. In July 2024 there were 117 business insolvencies registered in Scotland, which was 21% higher than in July 2023. The insolvencies comprised of 76 CVLs, 33 compulsory liquidations and eight administrations. There were no CVAs or receivership…
Read moreIn July, Winding Up Petitions (Companies) were issued and advertised in the London Gazette for the following companies: 1 CHARLES STREET LTD 13374171190324 LTD 170 WHITEHORSE LTD 3 FUTURES LTD 3 KH LTD A.A. MASTERNAK TRANSPORT LTD A.C DUCTWORK SERVICES LTD AAT LAB LTD ACCOUNTANT4ALL LTD ACT PRODUCTS LTD ADAM REED LTD ADISEL LTD ADVANCE…
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