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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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Insolvency statistics released for January 2022

Posted By: Bretts Business Recovery Ltd on 15th February 2022

Insolvencies are higher than pre-pandemic levels  The number of registered company insolvencies in January 2022 was 1, 560 which is: More than double the number registered in the same month in the previous year (758 in January 2021), and...

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Rotherham director receives 13 year ban after fraudulently obtaining bounce back loans.

Posted By: Bretts Business Recovery Ltd on 31st January 2022

Director Muneed Ihsan, 26, from Rotherham, fraudulently obtained £150,000 worth of  Covid-19 financial assistance along with friend who also took £50,000. Ihsan was the director of three companies between 2019 and 2020. All three, Porthart...

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How to get business fit and keep your company healthy in 2022

Posted By: Bretts Business Recovery Ltd on 21st January 2022

It’s often the case that January is written off, what with the recovery from the pre-Christmas rush and the subsequent focus on the end of January deadlines for tax returns. But spending some time making sure that you are “business fit” will...

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Insolvency statistics released for Dec 2021

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

Insolvencies are higher than pre-pandemic levels  The number of registered company insolvencies in December 2021 was 1,486, which is: 20% higher than the number registered in the same month in the previous year (1,237 in December 2020),...

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Insolvency statistics released for Nov 2021

Posted By: Bretts Business Recovery Ltd on 18th December 2021

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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