The insolvency statistics released for March show that of the 2,022 registered company insolvencies: There were 299 compulsory liquidations 1,468 creditors’ voluntary liquidations (CVLs) 235 administrations 20 company voluntary...
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A director operating two fire alarm installation businesses has been disqualified after failing to pay more than £300,000 in VAT and PAYE liabilities, following an investigation by the Insolvency Service. Alex Shorthose ran Siamo Fire and...
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The government is consulting on major changes to the UK’s director disqualification regime. While these proposals are not yet law, they signal a clear shift in approach. The focus is moving toward earlier scrutiny, faster enforcement and a broader...
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Two directors of a medical equipment supplier have been banned from acting as company directors after an investigation revealed investors were misled through a fabricated NHS contract worth £9.8 million. Tanveer Khan has been disqualified for 13...
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The insolvency statistics released for February show that of the 1,878 registered company insolvencies: There were 249 compulsory liquidations 1,473 creditors’ voluntary liquidations (CVLs) 146 administrations 10 company voluntary...
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When a business reaches the point where it can no longer meet its financial obligations, directors are often faced with difficult decisions about how to bring trading to an orderly end. One of the most common routes for insolvent companies in the UK...
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The insolvency statistics released for January show that of the 1,744 registered company insolvencies: There were 256 compulsory liquidations 1,323 creditors’ voluntary liquidations (CVLs) 151 administrations 13 company voluntary...
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An Oxfordshire landscaping company director who ignored a previous ban and left around £300,000 in unpaid tax across two businesses has been disqualified for 12 years. Neil Aldridge was first disqualified in 2019 for three and a half years after...
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For many small and medium-sized businesses, restructuring options can feel limited. When cash flow tightens and creditor pressure builds, directors often assume the only realistic routes are a CVA, administration or liquidation. However, there is...
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A man who abused the government’s Covid support schemes by fraudulently securing multiple Bounce Back Loans for his mobile phone businesses has been ordered to repay almost £200,000 following court proceedings. Zahid Afzal, 37, previously...
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