The insolvency statistics released for October 2024 show that of the 1,747 registered company insolvencies: There were 188 compulsory liquidations 1,445 creditors’ voluntary liquidations (CVLs) 100 administrations 12 company...
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In a recent case highlighting the consequences of employing unauthorised workers, a restaurant director was given a six-year ban from company leadership. At an establishment in West Wickham, Croydon, two Bangladeshi nationals were found working...
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The insolvency statistics released for September 2024 show that of the 1,973 registered company insolvencies: There were 226 compulsory liquidations 1,575 creditors’ voluntary liquidations (CVLs) 155 administrations 17 company...
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Insolvency poses a significant challenge for businesses, occurring when a company cannot meet its financial requirements, resulting in liabilities exceeding its assets or not meeting payments when they fall due. This situation can lead to various...
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The insolvency statistics released for August 2024 show that of the 1,953 registered company insolvencies: There were 279 compulsory liquidations 1,542 creditors’ voluntary liquidations (CVLs) 112 administrations 20 company voluntary...
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Recent £150 Million Judgment Highlights Risks for Company Directors In a ground-breaking decision this August, the English Court has set a new precedent for how trading misfeasance claims are to be assessed. This ruling has significant...
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In a reminder of the consequences of misusing pandemic support funds, Richard Oliver, former director of Exact Data Trading Co. Ltd, has been banned for 15 years - the maximum period allowed under the law. This severe penalty comes after Oliver...
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An investment scheme fraudster located in Derby was recently subjected to 15 years of Bankruptcy Restrictions in order to keep the public safe from any further damage. Between 2011 and 2016, 60-year-old Andrew Bird deceived 13 separate parties in...
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The government has announced that the Autumn Budget 2024 will be delivered by Chancellor of the Exchequer Rachel Reeves on Wednesday 30 October 2024. The first Budget from the new Labour government is anticipated to announce some substantial...
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The insolvency statistics released for July 2024 show that of the 2,191 registered company insolvencies: There were 320 compulsory liquidations 1,691 creditors’ voluntary liquidations (CVLs) 155 administrations 25 company voluntary...
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