Credit, Collections & Insolvency News
The UK economy is estimated to have entered a recession in the third quarter of 2022, which could last until the end of 2023 and see output fall by 1.9% during that period according to new research by KPMG. The squeeze on incomes is the main driver, with higher inflation and interest rates significantly reducing…
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Latest monthly statistics from the Insolvency Service have indicated that Northern Irish business insolvencies doubled whilst personal insolvency numbers fell. In November 2022 there were 20 business insolvencies registered in Northern Ireland, this is more than double the number in November 2021, but 35% lower than in November 2019. The business insolvencies comprised of 16…
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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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Restaurants in the UK are going bankrupt at a faster rate than during Covid-19 due to rising energy costs, staff shortages and a lower level of bookings according to research by Mazars. The research found that closures in the sector rose by 60 per cent over 2021-22 compared to 2020-21. Restaurants in the UK are…
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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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Latest monthly statistics from the Insolvency Service have indicated that Northern Irish personal insolvencies and business insolvencies increased in October. In October 2022 there were 161 personal insolvencies in Northern Ireland, 58% higher than in October 2021, but 31% lower than October 2019. The insolvencies consisted of 145 IVAs, 11 DROs and five bankruptcies. Business insolvency figures…
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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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