Credit, Collections & Insolvency News
The number of breweries becoming insolvent has tripled in the past year, jumping to 45 in the year to March 31 2023, up from 15 in the previous year according to research by Mazars. Paul Maloney, Associate Director at Mazars says the insolvencies are largely of smaller craft breweries who have suffered from an oversaturated…
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The number of insolvency-related activities in Scotland has reached its highest level this year, according to new research from R3, the insolvency and restructuring trade body. R3’s analysis of data provided by Creditsafe shows there were 122 cases of insolvency-related activity, which includes liquidator appointments, administrator appointments and creditors’ meetings, in Scotland in April. These…
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Latest figures from the Insolvency Service have shown that the number of business insolvencies in England & Wales for April 2023 fell by 15%. The number of registered company insolvencies in April 2023 was 1,685, 15% lower than in the same month in the previous year (1,988 in April 2022). Business insolvencies decreased by 31.8%…
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Latest figures from Accountant in Bankruptcy (AiB) have indicated that business insolvency numbers (liquidations and receiverships) in Scotland rose in April 2023. The figures showed that tthere were 114 business insolvencies registered in Scotland, 24% higher than the number in April 2022. The insolvencies was comprised of 41 compulsory liquidations, 64 CVLs and nine administrations.…
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Latest monthly statistics from the Insolvency Service have indicated that Northern Irish business insolvencies personal insolvencies have fallen. In April 2023 there were eight company insolvencies registered in Northern Ireland, this was 38% lower than April 2022. The business insolvencies comprised of four CVLs, two compulsory liquidations and two administrations. There were no CVAs or receivership appointments.…
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In April the following administration notices have been issued and advertised in the London Gazette for the following companies: 360 PERSONNEL LTD A MARKETING VOCATION LTD ALLENS CRANKSHAFTS LTD ALPHABET BREWING LTD AMSYS AFTERMARKET SERVICES LTD AMSYS LTD ASSET ACADEMY LTD B B & M (MIDLAND) LTD BAGSHOT MANOR DEVELOPMENTS LTD BAS CASTINGS LTD BIO-BEAN…
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Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in April: & SO THEY MADE LTD 107 (BLACKPOOL) LTD 1ST CARS PRIVATE HIRE LTD 1ST TO QUOTE (CLEANING LEADS) LTD 2 SAVE ENERGY LTD 24/7 FITNESS KIDDERMINSTER LTD 2XELLIOTT LTD 3D ELEVATIONS LTD. 4AMIGOS RESTAURANT…
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In April Winding Up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: 1 CHARLES STREET LTD 1986 LONDON LTD 41 LOWNDES STREET LTD 53 DOLLIS HILL LTD A K TRAVEL WORLDWIDE LTD A.J. INSULATION LTD A.M.A BRICKWORK LTD AARTEE STEEL HOLDINGS LTD AB BUILDING PLASTICS LTD ABH CONSTRUCTION…
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Latest quarterly figures from the Insolvency Service have shown that the number of business insolvencies in England & Wales decreased by 4% but rose 18% year-on-year in Quarter 1 (Q1) when compared to Q1 2022. The figures show between 1 January and 31 March 2023, there were 5,747 company insolvencies made up of 4,739 creditors’…
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Latest quarterly statistics have indicated that Scottish business insolvencies increased whilst personal insolvencies remained static in Quarter 1 (Q1) of 2023. The figures showed that there were 297 total business insolvencies in Scotland in Q1, 41% higher than in the same quarter of 2022. These business insolvencies comprised 113 compulsory liquidations, 176 CVLs, seven administrations…
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Latest quarterly statistics from the Insolvency Service have indicated that Northern Irish personal insolvencies and business insolvencies decreased in Quarter 1 (Q1) of 2023. The figures showed that there were 40 business insolvencies in Northern Ireland in Q1 2023, a decrease of 29% from the same quarter of 2021. The insolvencies comprised 28 CVLs, four…
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Annual figures from Accountant in Bankruptcy (AiB) have indicated that business insolvency numbers in Scotland rose by nearly a third (32.6%) in the year 2022-2023. There were 1,132 business insolvencies an increase of 32.6% from 2021-2022’s figure of 854, an increase of 157.3% on 2020-2021’s figure of 440, and a rise of 19.4% compared to…
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Latest figures from the Insolvency Service have shown that the number of business insolvencies in England & Wales for March 2023 rose by 16%. The number of registered business insolvencies in March 2023 was 2,457, 16% higher than in the same month in the previous year (2,120). The increase in company insolvencies compared to March…
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