Credit, Collections & Insolvency News
A Cumbrian man who pleaded guilty to fraud, disregarding a director disqualification and breaching a bankruptcy order has been jailed. Adam Kirkbride was sentenced to four years in prison when he appeared at Newcastle Crown Court. Kirkbride, of Cobble End, Bassenthwaite, Keswick, was also further banned as a director until April 2036. The 32-year-old abused…
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Ex-England and Liverpool footballer John Barnes banned as company director. The former Premier League footballer and international manager disqualified as director for three-and-a-half years. Barnes has been banned as a company director after his company did not pay tens of thousands of pounds in both VAT and corporation tax. The company, of which Barnes was…
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An IT Consultant has been given 13-year directorship ban by the Insolvency Service after hiding the existence of one when his company went into liquidation. The Consultant. applied for two Bounce Back Loans but failed to disclose the existence of the first loan to liquidators. Syzmon Jastrzebski was the sole director of E Marketing Ltd, a…
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Data from Price Bailey has revealed that 769 pubs were forced to close their doors permanently, marking a significant 48% increase from the 518 closures in 2022, the highest number in over ten years. The surge in insolvencies underscores the growing pressures on the pub sector, with the total count dropping to 38,175 from 41,015…
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Latest figures from Accountant in Bankruptcy (AiB) have shown that business insolvencies in Scotland rose by 9%. In February 2024 there were 94 company insolvencies registered in Scotland, 9% higher than the number in February 2023. The business insolvencies comprised of 33 compulsory liquidations, 58 CVLs, and three administrations. There were no CVAs or receivership…
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Latest monthly statistics from the Insolvency Service have shown that business insolvencies doubled and personal insolvencies increased in Northern Ireland in February 2024. The data showed that there were 26 company insolvencies registered in Northern Ireland, twice as many as (100% higher than) in February 2023. This was comprised of nine CVLs, 14 compulsory liquidations, and…
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In February the following administration notices were issued and advertised in the London Gazette for the following companies: 60 CURZON STREET DEVELOPMENTS LTD A TO B DIRECT LTD A. & S. CARPETS & VINYLS LTD A1 COMMS LTD ACACIA (PB) LTD ACP IP HOLDINGS LTD AQUADART BATHROOMS LTD ARRIVAL AUTOMOTIVE UK LTD ARRIVAL UK 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 February: 1 LANDMARK BUILDERS LTD 11097893 LTD 111 HEALTHCARE LTD 129 MOSELEY LTD 13 BAR LTD 1371 LTD 16 CTR LTD 17 CTR LTD 1787 DESIGN LTD 1POUND ISLAND LTD 1ST CALL RECRUITMENT (LINCOLN) LTD…
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In February Winding Up Petitions (Companies) were issued and advertised in the London Gazette for the following companies: 10TEN TALENT LTD 2 INNOVATIVE (LEIC) LTD 2020 HOMES LTD 31 HARLEY STREET LTD 38 EASTBURY AVENUE DEVELOPMENTS LTD 4XL PROFESSIONAL SERVICES LTD A & R PIKE INTERIORS LTD ABILO JOINERY LTD ADANA MANAGEMENT GROUP LTD ADL…
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The Lord Chancellor has approved the reappointment of Alison Curry as the accountant member of the Insolvency Rules Committee (IRC). Curry is a licensed insolvency practitioner with 28 years of experience working within both private practice and the regulatory arena. She is currently Technical Manager at AlixPartners, where she provides legislative and regulatory compliance support…
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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…
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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…
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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,…
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