Credit, Collections & Insolvency News
A new Insolvency Service taskforce will target ‘abusive phoenixism’ by company directors. The Insolvency Service will use AI to root out rogue directors who deliberately fold their companies to dodge tax and walk away from their debts. Phoenixism accounted for 22 per cent of the £3.8 billion in total tax losses in 2022-23, according to…
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Opus Restructuring and Insolvency has announced that it has strengthened its advisory and insolvency offering with the appointment of experienced partner Simon Campbell, as the firm continues to expand its South Coast presence. Based in Southampton, Campbell brings more than 30 years of experience advising businesses, lenders and stakeholders across a wide range of sectors.…
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In April 2026, Appointment of Liquidators (Creditors Voluntary Winding-Up) were issued and advertised in the London Gazette for the following companies: 05726382 LIMITED 101 BESPOKE KITCHEN LTD 11158996 LIMITED 15 MARKETING LIMITED 1998 MINI MART LTD 1ST CARS LTD 1ST CHOICE ESTATE & LETTINGS LIMITED 1ST DRYWALL LIMITED 1ST PAY LIMITED 1ST TRADING LONDON LTD…
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In April 2026, Winding Up Petitions (Companies) were issued and advertised in the London Gazette for the following companies: 1101 HOLDING LTD 2ND GENERATION FACADES LTD 3 DOT HERTS LIMITED 357 GROUP LTD 786 MOTOR SOLUTIONS LIMITED A A LAW (LANCASHIRE) LTD AAF MCR LTD ACCOUNTED LTD ACET CIRCULAR SOLUTIONS LTD ACTIVE BIZ SERVICES LTD…
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Four companies linked to a scheme which risks undermining insolvency legislation have been shut down. Atherton Corporate Partners LLP, Jones & Harlington Ltd, TYA GRP Ltd and TYA Two GRP Ltd formed part of the Atherton scheme, which allowed business owners to keep their assets and drop their debts. More than £18 million in previously…
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SMEs exploring merger or acquisition (M&A) opportunities have been advised to increase the robustness of their due diligence process as figures from Purbeck Insurance Services reveal an uptick in the number of business failures due to business acquisitions gone wrong. The data has found that 33% of all claims for Personal Guarantee Insurance (PGI) during…
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Five companies which submitted false accounts showing hundreds of millions of pounds of profits have been shut down following investigations by the Insolvency Service and Companies House. Automarket Europe Limited, Integra Group Limited, Maxell Limited, Montana & Montana Limited, and Supermarket Plus Ltd claimed to trade as everything from supermarkets to car dealerships but no…
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In June, Winding Up Petitions (Companies) were issued and advertised in the London Gazette for the following companies: 3 AUK (LONDON) LTD 3011MAPLESIGN LTD 31STOREYS LIMITED 4 GREEN ARCHITECTURE LIMITED 66 HAYMARKET LIMITED 737 LTD A A PROPERTY INVESTMENT (LUTON) LIMITED A K BUILDING & DECORATING LTD A K K SERVICES LTD A WILLIAMS CONTRACT…
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More than one in ten (12%) restaurants are at imminent risk of closure as their financial position has worsened over the last 12 months, according to an analysis of financial data by Price Bailey. The research analysed the credit risk scores and balance sheet information of all 50,900 British restaurants. It found that 10,388 (20%…
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In October, Winding Up Petitions (Companies) were issued and advertised in the London Gazette for the following companies: 10408929 LTD 123 EMPLOYEES LTD 13268073 LTD 2GO COURIERS LIMITED 3RD SECTOR ASSIST LIMITED 77 PROPERTY 4 LIMITED 77 PROPERTY LIMITED 85 GRACE CAFE LTD A & M PAKISTAN CATERING LTD A & R HAULAGE (UK) LIMITED…
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In August the following administration notices were issued and advertised in the London Gazette for the following companies: 108 MEDIA LTD A E CHILLED LTD ACE GLOBAL TRADING LTD ADLUDIO LTD AF ACCIDENT REPAIRS LTD ALTEC ENGINEERING LTD ANARCHY BREW CO. LTD ARCTREND LTD ARG MAXELA UK LTD ASTRADENT (3) LTD AVANTE PROPERTY DEVELOPMENTS LTD…
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In July the following administration notices were issued and advertised in the London Gazette for the following companies: 107 STATION STREET LTD 4WOOD TV AND FILM LTD A CATLOW CIVIL ENGINEERING LTD A P V MARINE LTD ACHIEVA GROUP LTD ACT PRODUCTS LTD AGO HOTELS LTD AJA BOTANICALS LTD AKA (SADLER BROWN) LTD ALDERLEY PLC…
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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: 04836342 LTD 1989 CLUBHOUSE LTD 1OVMANY LTD 4 REIGN LTD A. WARD & SON LTD A.M.CARS (UK) LTD A&R 111 LTD A2B TRANSPORT GROUP LTD A2B WORKS LTD ABSOLUTE BUILDING LTD ACE OF DIAMONDS…
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