The insolvency statistics released for November show that of the 1,966 registered company insolvencies: There were 254 compulsory liquidations 1,565 creditors’ voluntary liquidations (CVLs) 132 administrations 14 company voluntary...
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Nazia Khan, a 50-year-old sales consultant with claimed decades of experience, has recently received a nine-year directorship ban for fraudulently obtaining COVID-19 support funding. Khan, now based in Dubai, secured a £25,000 Bounce Back Loan...
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When closing a limited company, directors must choose between strike-off and liquidation. Understanding the key differences between these options is crucial for making an informed decision and avoiding any possible complications. Determining Your...
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The UK's largest water supplier, Thames Water, is currently battling with competing debt rescue proposals that could determine its financial future. With a staggering £15bn debt burden and shareholders reluctant to inject more capital, the company...
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In today's complex landscape of personal finance, insolvency is an important process where individuals struggling with overwhelming debt seek viable solutions. Personal insolvency typically occurs when an individual cannot meet financial...
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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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