News Centre

Personal Insolvencies fall in Q3 from record high

The Insolvency Service released it’s latest quarterly statistics on 30 October 2018 and the headline is that total individual insolvencies in Q3 2018 were 10.5 percent lower than in the previous quarter and 2.5 percent lower than in the same quarter the previous year.

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HMRC to be preferred creditor in insolvencies

Following the latest budget on 29 October 2018, one of the lesser publicised announcements is that HMRC will become a preferred creditor in UK insolvencies from April 2020

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Company insolvencies surge in third quarter of 2018

Company insolvencies surged by nearly 20% in the third quarter of 2018 when compared to the same period a year ago, new figures show.

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Mounting financial pressures hit the retail and restaurant sectors

High street behemoth Debenhams has announced plans to shut up to 50 stores, and while the firm’s chief executive has insisted the business remains profitable, it is reflective of growing pressure on high street retailers.

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FSB says Brexit uncertainty is harming small firms

Small firms could face significant difficulties in the wake of Brexit uncertainty, according to the Federation of Small Businesses.

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East Midlands’ retail sector displays mixed fortunes

Bookshops in the East Midlands are bucking wider retail trends, as fewer shops are deemed to be at above average risk of insolvency, new figures show.

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SME closure rates are a warning claims campaign group

More than 27,000 small and medium sized enterprises have ceased trading in 2018 to date as they face a rising financial and administrative burden.

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Late payment proposals target large businesses

The government has unveiled a new set of measures designed to tackle later payments and large businesses that abuse their position in the market.

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Insolvency risk keeps climbing for Yorkshire retailers

Nearly half of retail outlets in Yorkshire and the Humber are currently deemed to be above average risk of insolvency, the latest figures show.

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Business rate increases could put more firms at risk

Business rates are set to climb even higher in 2019, potentially putting more businesses under financial strain, according to new analysis.

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North East insolvency risk levels jump 7% in 2018

More firms are now operating in the North East than at the start of the quarter, although the number facing an elevated insolvency risk has also risen, new figures show.

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Carillion collapse caused surge in insolvency

Construction insolvencies surged by 20% following the collapse of Carillion in early 2018, new figures show.

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MOORFIELDS ADVISORY APPOINTED ADMINISTRATORS OVER GIBRALTAR BASED PROPERTY DEVELOPMENT COMPANY

Property Specialists, Moorfields Advisory have been appointed Administrators over Abbeytown Associates Limited (“Abbeytown”) registered in Gibraltar.

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