Credit, Collections & Insolvency News
New analysis of insolvency statistics has indicated that the HMRC is becoming increasingly aggressive when it comes to issuing Winding Up Petitions according to ReSolve. Winding Up Petitions are a tactic of last resort to claim back monies owed and could be seen as a draconian move, giving businesses a short period to repay debts…
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Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in April: 1 T0 WEAR LTD 1ST GLASS UK WINDOWS AND DOORS LTD 22M LTD 23TSL LTD 2AA REMOVALS LTD 2HANDYSERVICES LTD 3D MEDICAL IMAGING LTD 3F LTD 3UNIQUE LTD 458 CONTRACTS LTD 5 SPICES…
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Insolvency and restructuring trade body R3 has published new research which aims to address a range of misconceptions about insolvency fees. R3’s paper, ‘Insolvency fees and the cost of regulation – the detail behind the headlines’, explains how insolvency fees are charged, paid and regulated, and provides an overview of the role of the…
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Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in February: 0 DAYS OFF LTD 100 HANDS LTD 10729736 LTD 11 ENTERTAINMENT LTD 123 TRAVEL LTD FORMERLY KNOWN AS HOLIDAY WITH US (SPALDING) LTD 1ST BUSINESS ENERGY LTD 21ST CENTURY SIGNS AND DESIGNS LTD 365…
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Financial distress is now affecting a total of 34 football clubs in England and Wales, double the number before football grounds around the UK were closed in March 2020 according to latest research by Begbies Traynor. The latest Football Distress Survey has highlighted a continuing credit crisis among English clubs outside of the Premier League…
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Scotland lost almost 20,000 small businesses during a single year of the covid crisis, according to official statistics. As a consequence of this dramatic fall in business numbers, the Federation of Small Businesses (FSB) is urging the Scottish Government to outline new measures to aid the recovery of local businesses in the budget next week.…
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Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in November: 1ST 4 LEISURE LTD 365 MANAGEMENT SERVICES LTD 5 SENSES MANAGEMENT LTD 85 LEISURE LTD 8701 SERVICES LTD 911 DREAM LTD 9BAR NORWICH LTD A & K CARPENTRY & BUILDING SOLUTIONS LTD A &…
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In November Winding Up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: 2FOLD PRINT LTD. 3XY DEVELOPMENTS LTD 4 FUN LTD ABSOLUTE COMPANY SERVICES LTD AC PARL STREET LTD AFRICA SHIPPING SERVICES LTD ASSURED PAINTING CONTRACTORS LTD ATLAS TRAVEL & CULTURE LTD BETTER CHOICE BUILD COMPANY LTD BIG…
Read moreSavants Restructuring and Savants Covenant Advisory have appointed Quantuma to oversee their own administration with immediate effect. The company has ceased to trade with immediate effect, after Adrian Duncan, a sole practitioner and Director of Savant, had his insolvency licence withdrawn by the Insolvency Service. Carl Jackson and Michael Hall of business advisory firm Quantuma…
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The Institute of Chartered Accountants in England and Wales (ICAEW) announced that it has appointed a new Vice-President. Malcolm Bacchus has been elected ICAEW Vice-President for 2022-23. He will take over the role from current Vice-President Mark Rhys in June 2022. Based in London, Bacchus is the principal of Baccma Consulting. He currently chairs the…
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