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