Grigorijs Hacaturjancs, the director of online hair and beauty business Beauty & Melody Shop Ltd, has been disqualified as a director for 10 years after fraudulently claiming a £50,000 Bounce Back Loan. Beauty&Melody Shop Ltd was...
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High insolvency rates are driven by the increasing number of CVLs The number of registered company insolvencies in June 2022 was 1,691: 40% higher than in the same month in the previous year (1,207 in June 2021), and 15% higher than the...
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High insolvency rates are driven by the increasing number of CVLs The number of registered company insolvencies in May 2022 was 1,817: 79% higher than in the same month in the previous year (1,014 in May 2021), and 34% higher than the...
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The Insolvency Service has taken a tough stance in two recent cases where Bounce Back Loans have been abused. In separate applications, Junaid Dar (31), from Birmingham, and David Michael Godderidge (40), from Tamworth, falsely applied for...
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Are Buy Now Pay Later (BNPL) products a savvy way of managing your money and buying what you want or a way of getting you into debt? Buy now pay later (BNPL) is a service that allows consumers to shop online and place and receive orders while...
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High insolvency rates are driven by the increasing number of CVLs The number of registered company insolvencies in April 2022 was 1,991: More than double the number registered in the same month in the previous year (925 in April 2021), and...
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Insolvencies have risen by 27% since last month The number of registered company insolvencies in March 2022 was 2,114: More than double the number registered in the same month in the previous year (999 in March 2021), and 34% higher...
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In response to increasing scrutiny and at times negative media surrounding the role, regulation and cost of using insolvency practitioners, R3 have put together a report outlining the role of insolvency practitioners as well as some more detail on...
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Insolvencies are higher than pre-pandemic levels The number of registered company insolvencies in February 2022 was 1,515: More than double the number registered in the same month in the previous year (685 in February 2021), and 13%...
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As the last of the COVID Restrictions are lifted , viable businesses should be allowed, where possible and with the support of their creditors, to reshape, continue profitable relationships, retain and recruit staff and generally keep the economy...
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