Credit, Collections & Insolvency News
In September Winding Up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: 1 RAPID CLINICS LTD 161 PROPERTIES LTD 4PUBLIC SECTOR LTD A & S WHEELS LTD A W CLEAVER HAULAGE LTD A.B.V SOUTHEAST LTD ACCENTIA FRANCHISE CONSULTANTS LTD ACCURATUS GREEN LTD. ACTIMUS LTD ACTION FIRST MARKETING LTD…
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The reduction of the limit for sequestration proceedings at the end of this week (30th September), could lead to a wave of smaller businesses in Scotland being made bankrupt, according to full-service legal firm Gilson Gray. The limit for pursuing sequestration will be lowered from £10,000 to £5,000. It was originally increased from £3,000 to…
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Latest figures from the Insolvency Service have shown that the number of business insolvencies in England & Wales increased by 5.5% in August 2022 to a total of 1,933 compared to July’s total of 1,832, and increased by 43.4% compared to August 2021’s figure of 1,348. August 2021’s business insolvency figures were also 41.6% higher than…
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UK company insolvencies have increased by 72% in the past year with over 20,000 companies going out of business according to analysis from international audit, tax and advisory firm Mazars. The figures show that insolvencies increased from 11,949 to 20,512. Latest Insolvency Service figures indicated that 1,933 companies entered insolvency with pubs, bars and restaurants…
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Latest figures from Accountant in Bankruptcy (AiB) have indicated that business insolvency numbers (liquidations and receiverships) in Scotland increased in August. The figures showed that there were 105 company insolvencies registered in Scotland, 18% higher than the number in August 2021 and 33% higher than in August 2019. The insolvencies comprised of 37 compulsory liquidations…
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Latest quarterly statistics from the Insolvency Service have indicated that Northern Irish personal insolvencies and business insolvencies decreased in August. The figures showed that there were 125 personal insolvencies, 16% lower than in August 2021, but 39% lower than August 2019. The personal insolvencies consisted of 111 IVAs, 10 DROs and four bankruptcies. Business insolvencies consisted of…
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New UKHospitality, has highlighted the sector’s struggle to survive, with one in five businesses saying they will not survive the current crisis and t in five operators admitting they are no longer profitable. The figures emerged from a recent survey of operators in the sector, which showed that, on top of energy price rises, the…
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In August the following administration notices have been issued and advertised in the London Gazette for the following companies: 9 WHOLESALE LTD ACCESS COMMERCIAL INVESTORS 4 PLC ALITECH PRECISION LTD ALMONDSBURY CARE LTD AQUAHEAT PLUMBING HEATING AND GAS SERVICES LTD ARDULA LTD AROMAWORKS LTD AURORA DISTRIBUTION LTD AURORA LTD AVNI KENSINGTON HOTEL LTD AWESOME MERCHANDISE…
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UK film and TV production company insolvencies have jumped 69% in the past year, from 67 to 113 according to new research from Mazars. The research found that many of those insolvencies were of financially weaker production companies that missed out on last year’s UK film & TV industry boom as they couldn’t recruit staff.…
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Latest figures from the Insolvency Service have shown that the number of business insolvencies in England & Wales increased by 7.5% in July 2022 to a total of 1,827 compared to June’s total of 1,699, and increased by 66.7% compared to July 2021’s figure of 1,096. The figures 67% higher than in the same month…
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Latest figures from Accountant in Bankruptcy (AiB) have indicated that business insolvency numbers (liquidations and receiverships) in Scotland were static in Juy 2022. In July 2022 there were 70 business insolvencies registered in Scotland, similar to the number in July 2021 but 28% lower than in July 2019. The insolvencies comprised of 15 compulsory liquidations…
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In July the following administration notices have been issued and advertised in the London Gazette for the following companies: 21ST ARCHITECTURE LTD 33 LEGAL LTD A & H PROPERTY LTD ABERLA M&E LTD ABERLA SERVICES LTD ABERLA UTILITIES LTD ABSURD BIRD LTD AEG TEACHWALL LTD AIR ADS LTD AIR COOL ENGINEERING MIDLANDS LTD. ALMOR 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 July: ‘COD’ FELLA’S LTD 10 BUSINESS ENVIRONMENTS LTD 1ST STEP ACCOMMODATION LTD 1STFOREGOLF LTD 22 SPACES MANAGEMENT LTD 24/7 FACILITIES MANAGEMENT SERVICE LTD 24/7 FITNESS GROUP LTD 2E TECH LTD 33HZ LTD 33SIX CONSULTANCY LTD…
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