Credit, Collections & Insolvency News
Two 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.…
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The 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…
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Latest 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…
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In 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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In May the following administration notices were issued and advertised in the London Gazette for the following companies: 8-10 DOVER STREET LTD ABRA WHOLESALES LTD ADEN & ANAIS LTD ALPHA ANODISING UK LTD ANNA MASON LTD APPLE INVEST LTD AQUAPARK DEVELOPMENTS LTD ARJ CONSTRUCTION PROPERTY LTD ATLANTIC STEEL PROCESSING LTD AXE EDGE BARS LTD BOMBSHELL…
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Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in May: AMBIAN A LTD 1 ST. PETERS WAY LTD 100BAKES LTD 101 LOGISTICS LTD 11640487 LTD 12930264 LTD 1822 DESIGN LTD 1DOM LTD 1ST CHOICE UMBRELLA LTD 1ST COMMUNICATIONS INSTALLATION AND MAINTENANCE LTD 2610 DC…
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In May, Winding Up Petitions (Companies) were issued and advertised in the London Gazette for the following companies: 02262749 LTD 07271389 LTD 13997104 LTD 1966 ENTERTAINMENT LTD 2GR LLP A H T ROOFING AND CONSTRUCTION LTD ABBITECH LTD ACCESS OPERATORS (AXS OPS) LTD ACCUMINE SERVICES LTD ACTIVE DYNAMIC LTD ADVANCED ONCOTHERAPY PLC AIRPORT PERISHABLE HANDLING…
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Latest figures from the Insolvency Service have shown that the number of business insolvencies in England & Wales in April 2024, increased by 18.4% than in March 2024 (1,838) and 5.4% higher than the same month in the previous year (2,193 in March 2023). The number of registered business insolvencies totalled 2,177. The business insolvencies…
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A director who failed to explain £800,000 spend on company vehicles and keep proper accounts has been sentenced. The Construction company director did not keep up-to-date accounts, Eugenijus Nalivaika was the sole director of Niki Contractors Ltd when it entered liquidation in May 2021 Niki Contractors spent more than £800,000 on 106 vehicles in a…
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Latest figures from the Insolvency Service have shown that the number of business insolvencies in England & Wales in March 2024, was 17% lower than in February 2024 (2,177) and 17% lower than the same month in the previous year (2,193 in March 2023). The number of registered business insolvencies totalled 1,815 with insolvencies comprising…
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Latest figures from Accountant in Bankruptcy (AiB) have shown that business insolvencies in Scotland rose by 11%. In March 2024 there were 115 company insolvencies this was 11% higher than the number in March 2023. The insolvencies comprised of 44 compulsory liquidations, 62 CVLs, and 9 administrations. There were no CVAs or receivership appointments.
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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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