Credit, collections & insolvency news
In October the following administration notices were issued and advertised in the London Gazette for the following companies: 10463817 LIMITED A. M. C. (U.K.) FASTENERS LIMITED A3D2 LIMITED ACTIVE ARENA CIC ADVANCED BACTERIAL SCIENCES LIMITED AFFINITY CLASSICS & ENGINEERING (ACE) LTD AFFINITY LEASING LIMITED ARMSTRONG TEASDALE LIMITED ARMSTRONG TEASDALE MANAGEMENT LIMITED ASHTON BESPOKE LIMITED BELA…
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In November Winding Up Petitions (Companies) were issued and advertised in the London Gazette for the following companies: 2 NORTHDOWN LTD 33 TRANS LTD A LA MAISON LTD A NEW ANGLE LTD A W RENEWABLES LTD A.W.THOMSON & SON LTD ABELL MORLISS INTERNATIONAL LTD AC DRAFTING LTD AD PAVING LTD ADVANTAGE CARS ASTLEY LTD ADVENTURING…
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Latest monthly statistics from the Insolvency Service have shown that business insolvencies rose whilst personal insolvencies fell in Northern Ireland. The data showed that In November 2023 there were 26 business insolvencies registered in Northern Ireland, 30% higher than November 2022. The insolvencies was comprised of six CVLs, 13 compulsory liquidations, five administrations and two CVAs.…
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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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Small firms’ survival during the ongoing energy price crisis will depend on continued government support through Energy Bill Relief Scheme (EBRS) beyond March 2023, according to a new Federation of Small Business (FSB) energy survey. The survey, which measured the impact of the energy price crisis on small businesses, shows small firms await with both hope and…
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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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In April the following administration notices have been issued and advertised in the London Gazette for the following companies: 20 – 24 (20-22) LTD 27-33 CAROLINE STREET LLP 35 QR LTD 52 MP LTD 98 LR LTD ABACUS PRINT LTD ACTIVE WEAR LTD ADAPTABLE CONSULTANCY LTD ALDERDALE SEATING LTD ANGLIA RECOVERY LTD APOLLO MEDICAL INFORMATION…
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The City of Plymouth Credit Union has entered administration. James Sleight and Peter Hart of PKF GM were appointed as Joint Administrators of CPCU on 27 April 2022. The Financial Services Compensation Scheme (FSCS) has also declared the credit union in default, which means that all savers’ monies are protected and will receive their funds (up to…
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In February the following administration notices have been issued and advertised in the London Gazette for the following companies: 1 CHIL (F1) LTD 146 TR LTD 152A LR LTD 152S LR LTD 154A LR LTD 154B LR LTD 154S LR LTD 16 CTR LTD 17 CTR LTD 20 – 24 LR (CH) LTD 20-24 LR…
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The amount paid by the Government to workers because their employers went bust was cut in half last year, according to new analysis by of real estate advisory firm Altus Group. The Insolvency Service paid out £228.28 million last year to people who lost their jobs as a result of administrations, liquidations or other insolvencies.…
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The UK is set for a significant rise in business failures as firms readjust to life without government Covid-19 pandemic support measures, according to trade credit insurance firm, Euler Hermes. The underwriter forecasts that, compared to pre-Covid levels, UK insolvencies could increase by a total of +32% by the end of 2022, with more than…
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