Insolvencies are higher than pre-pandemic levels for the first time. For the first time since the start of the coronavirus (COVID-19) pandemic, the monthly number of registered company insolvencies was higher than pre-pandemic levels. This was...
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Many businesses have been unable to pay the rent on their commercial premises due to closures and a cessation of normal business operations during the pandemic. New laws and a Code of Practice are now being introduced to resolve these commercial...
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HMRC paused many of its debt collection activities during the COVID-19 pandemic and has been delivering support packages like the Coronavirus Job Retention Scheme and Self Employment Income Support Scheme. Now that these support measures have come...
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The number of registered company insolvencies in October 2021 was 1,405 which is at the same level as pre-pandemic figures The latest monthly release of insolvency statistics for England and Wales was published on the 16 October 2021. * Overall,...
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A construction company, Pazhar Zvezdy Ltd, was wound-up in the public interest in the High Court earlier this year. The company traded as a residential and commercial construction company, but, following complaints,...
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Sunderland based Derek Milliagn (40) was the sole director of DMNE Limited and also of Dockyard Sunderland when the Insolvency Service begun an investigation into his activities with DMNE. He had failed to deliver up any accounting records of DMNE...
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Despite business saving measures and support packages, it could be that, now that the support has come to an end, you need to face the reality of business insolvency. As an employer, it’s a very difficult time when your employees are looking to...
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The number of registered company insolvencies in September 2021 was 1,446 which is at the same level as pre-pandemic figures The latest monthly release of insolvency statistics for England and Wales was published on the 15 October 2021....
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We have come across a growing trend of subcontractors who are facing financial difficulty, and in some cases becoming insolvent, because of unexpected and at times unwarranted or invalid Pay Less Notices (PLNs) issued by main contractors....
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The Directors of a mechanics and motor parts supplier based in Peterborough have been banned for a total of 25 years after the pair provided false documents to secure £176,000 worth of loans. Adam Hughes received a 13-year disqualification...
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