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Online hair and beauty business director receives 10 year ban

Posted By: Bretts Business Recovery Ltd on 22nd July 2022

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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Insolvency statistics released for June 2022

Posted By: Bretts Business Recovery Ltd on 20th July 2022

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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Insolvency statistics released for May 2022

Posted By: Bretts Business Recovery Ltd on 20th June 2022

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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Insolvency Service tackles further Bounce Back Loan abusers

Posted By: Bretts Business Recovery Ltd on 19th May 2022

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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Buy Now, Pay Later – too good to be true?

Posted By: Bretts Business Recovery Ltd on 19th May 2022

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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Insolvency statistics released for April 2022

Posted By: Bretts Business Recovery Ltd on 17th May 2022

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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Insolvency statistics released for March 2022

Posted By: Bretts Business Recovery Ltd on 25th April 2022

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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Insolvency fees: the good, the bad and the misunderstood

Posted By: Bretts Business Recovery Ltd on 24th March 2022

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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Insolvency statistics released for February 2022

Posted By: Bretts Business Recovery Ltd on 18th March 2022

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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CVAs and Crown Preference – has the government scored an own goal?

Posted By: Bretts Business Recovery Ltd on 16th February 2022

Crown preference and CVAs

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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  • Our Latest News

    • Online hair and beauty business director receives 10 year ban
    • Insolvency statistics released for June 2022
    • Insolvency statistics released for May 2022
    • Insolvency Service tackles further Bounce Back Loan abusers
    • Buy Now, Pay Later – too good to be true?
    • Insolvency statistics released for April 2022
    • Insolvency statistics released for March 2022
    • Insolvency fees: the good, the bad and the misunderstood
    • Insolvency statistics released for February 2022
    • CVAs and Crown Preference – has the government scored an own goal?
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