Insolvency Service board makes appointment

The Insolvency Service board has announced it has appointed Lorcan O’Connor, founder and former leader of the Insolvency Service of Ireland as a non-executive member. O’Connor, who founded the Insolvency Service of Ireland (ISI) in 2012, joined the UK’s Insolvency Service Board in April. The Board is the agency’s main decision-making body and is responsible…

Read more

The Insolvency Service launches company director information hub

10th July 2023 Business | #insolvency service

The Insolvency Service has launched a new online information hub to support company directors. The hub hosts guidance and information on a range of business themes commonly faced by companies and aims to help company directors to push their business forward by being more aware of potential pitfalls. It is specifically designed for directors of micro,…

Read more

Fortress Restructuring director receives ten year ban after wrongly claiming £50,000 loan

14th February 2023 Business | #insolvency service

A company director has received a ten year from the Insolvency Service td after wrongly claiming a £50,000 loan. Thomas Whyte claimed £50,000 Bounce Back Loan for a dormant Scottish restructuring business, and withdrew cash before the firm was wound up. Whyte was the sole director and shareholder of Fortress Restructuring until it was wound…

Read more