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 number of registered company insolvencies in July 2023 was 1,727, 6% lower than in the same month in the previous year (1,831 in July 2022). This was higher than levels seen while the Government support measures were in place in response to the...
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The number of registered company insolvencies in June 2023 was 2,163, 27% higher than in the same month in the previous year (1,698 in June 2022). There were 260 compulsory liquidations in June 2023, 77% higher than in June 2022. Numbers of...
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The number of registered company insolvencies in May 2023 was 2552, 40% higher than in the same month in the previous year and a leap of 51% on April's figures. The number of company insolvencies in May 2023 was 40% higher than the number in...
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The number of registered company insolvencies in April 2023 was 1,685 15% lower than the number in April 2022 The decrease in company insolvencies compared to the same month last year was driven by a decrease in the number of CVLs,...
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The number of registered company insolvencies in March 2023 was 2,457, 16% higher than in the same month in the previous year (2,120 in March 2022) There were 288 compulsory liquidations in March 2023, which is more than twice the number...
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Corporate insolvencies are 33% higher than pre-pandemic levels. The number of registered company insolvencies in February 2023 was 1,783: 17% higher than in the same month in the previous year (1,518 in February 2022), and 33% higher than...
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Corporate insolvencies are rising steadily The number of registered company insolvencies in January 2023 was 1,671: 7% higher than in the same month in the previous year (1,567 in January 2022), and 11% higher than the number registered...
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High corporate insolvencies are driven by an increasing number of CVLs and Compulsory Liquidations Compulsory liquidations have increased by 259% as HMRC are reverting to pre-pandemic practices, whilst bankruptcy figures remain relatively low as...
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