The insolvency statistics released for June 2024 show that of the 2,361 registered company insolvencies: There were 302 compulsory liquidations 1,866 creditors’ voluntary liquidations (CVLs) 1170 administrations 23 company voluntary...
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In the world of business finance, an Independent Business Review (IBR) is a crucial tool for stakeholders to gain an unbiased assessment of a company's financial health and future prospects. Whether you're a business owner facing an IBR or a...
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In a recent crackdown on unauthorised financial services, a Manchester-based company has been forced to cease operations. Save Consultants Ltd, which claimed to offer insolvency practitioner services, was wound up by the High Court in Manchester on...
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The director of a fruit and vegetable retailer, who improperly invested more than half of a Covid Bounce Back loan on the stock market instead of using it for his business, has been disqualified and ordered to repay the money. Emra Kayam, 35,...
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The insolvency statistics released for May 2024 show that of the 2,006 registered company insolvencies: There were 271 compulsory liquidations 1,590 creditors’ voluntary liquidations (CVLs) 126 administrations 19 company...
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When a business fails a director’s duties continue. Directors have several responsibilities and potential liabilities they must fulfil and these cannot be avoided by entering into insolvency or liquidation – even by resigning. Generally,...
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The road to success for Small and Medium Enterprises (SMEs) in the UK isn't always paved with gold. It's often riddled with financial potholes that can derail even the most promising venture if not detected early. With a new tax year underway,...
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An ex-electrician faces over a decade of constraints after a significant misuse of a pandemic aid scheme meant to assist businesses through tough times. Andrei Adrian Moise, a 35-year-old from Mitcham, Surrey, secured a Bounce Back Loan of £45,000...
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Company Insolvencies The insolvency statistics released for April 2024 show that of the 2177 registered company insolvencies: Company insolvencies in April 2024 consisted of 300 compulsory liquidations 1,715 creditors’ voluntary...
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The insolvency statistics released for March 2024 show that of the 1785 registered company insolvencies: 1,436 were CVLs which is 29% lower than in March 2023 228 were compulsory liquidations which is 25% lower than March 2023 There...
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