Credit, Collections & Insolvency News
More than £4.3 billion of Covid loans that may have to be written-off by The Treasury due to fraud and highlighted by the recent resignation of Lord Agnew, could be eclipsed by businesses failing to repay their CBILs and BBLs Covid support loans according to new analysis by regional accountancy and business advisor, Azets. Azets…
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A maximum 15-year ban has been imposed on a company director after he posed as a fake Insolvency Practitioner. Kevin Morris, also known as Kevin Gordon Sykes, from north London has been disqualified for the maximum 15 years after he was found to be a de facto director of Rigil Kent Acquisitions Limited (RKAL), while…
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In January the following administration notices have been issued and advertised in the London Gazette for the following companies: 10X PSYCHOLOGY LTD A/P RECOVERY UK LTD ACCUMULATE CAPITAL LTD ACCUMULATE COMMERCIAL LTD ACCUMULATE LONDON SW LTD ACCUMULATE RESIDENCES LTD ALL FLINTSHIRE CREDIT UNION LTD BEAUMONT MORGAN DEVELOPMENTS LTD BIG HOME SHOP LTD BIOSURE (UK) LTD…
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In January Winding Up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: 09546590 LTD A.C.O.R.D (AGENCY FOR CO-OPERATION AND RESEARCH IN DEVELOPMENT) A3 MEDICAL LTD ADVANCED THERMAL SOLUTIONS LTD ALEXANDER JAMES COX LTD ALL FIVE HOLDINGS LTD ALPHA CONSTRUCTION MANAGEMENT LTD ANDY BOLTON GROUP LTD ARMITECH LTD ASCESIS…
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Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in January: 11:11 ESTATES LTD 3PHASE GAS, WATER, OIL LTD 4 DESIGN & BUILD LTD 45 WEST BAR LTD 53 BO’ GROVE LTD 8080 SOLUTIONS LTD A & M ULTIMATE FASHION LTD A C C AIR…
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Annual business insolvency figures statistics for England and Wales from the Insolvency Service have indicated that there were 14,048 underlying corporate insolvencies in 2021, an increase of 11.2% from 2020’s figure of 12,634, but a fall of 18.2% on 2019’s figure (17,166). The increase compared to 2020 was driven by the highest annual number of…
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Latest statistics from the Insolvency Service have indicated that Northern Irish business insolvencies increased the latest quarterly figures. In December 2021 there were 81 individual insolvencies in Northern Ireland, 48% lower than in December 2020, and 42% lower than December 2019. This consisted of 63 IVAs, 11 DROs and seven bankruptcies. There were 32 company…
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Latest figures from Accountant in Bankruptcy (AiB) has indicated that business insolvency numbers (liquidations and receiverships) in Scotland for the year ended 31st December 2021 were 17.9% higher than in the year ended 31st December 2020, at 704 (2021) against 597 (2020). Whilst the number of business insolvencies (liquidations and receiverships) in Scotland rose by…
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Latest Statistics from the Insolvency Service show that the number of registered business insolvencies in England and Wales in December was 33% higher than the number registered two years ago, just before the pandemic. The data shows that there were 1,486 registered company insolvencies in December, with this 20% higher than a year earlier. The…
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The number of business insolvencies (liquidations and receiverships) in Scotland increased by 63% according to latest Accountant in Bankruptcy (AiB) figures. In December 2021 there were 93 company insolvencies registered in Scotland, 63% higher than December 2020 and 4% higher than in December 2019. This was comprised of 17 compulsory liquidations, 73 CVLs and three…
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Latest statistics from the Insolvency Service have shown that Northern Irish personal and business insolvencies decreased in December in the latest monthly figures. In December 2021 there were 81 individual insolvencies in Northern Ireland, 48% lower than in December 2020, and 42% lower than December 2019. This consisted of 63 IVAs, 11 DROs and seven…
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Brexit combined with the coronavirus pandemic has created a double-edged sword for businesses with its full-scale impact yet to be realised with Economists from Atradius predicting that insolvencies will rise by 33%. As the UK marks its first anniversary of the Brexit withdrawal, Atradius reports that the true ramifications of Brexit have been overshadowed by…
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In December the following administration notices have been issued and advertised in the London Gazette for the following companies: 19 RM LTD 316 ENGINEERING LTD. ACCUMULATE COMMERCIAL LTD ACICS LTD AIGENPULSE LTD ALPHA HOMES (LEICESTER) LTD AMTECH DEVELOPMENTS (UK) LTD ARTISAN INVESTMENT GROUP LTD BANANA KICK LTD BATES OF LONDON LTD BDL TOOL & DIE…
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