Fallout from the Budget and rising overheads have driven up this month’s corporate insolvency figures, with struggling businesses set to face further challenges in 2025 when wage costs increase. This is according to the Midlands branch of insolvency and restructuring body R3 and follows latest statistics published by the Insolvency Service which show that corporate…
GS Holdings Faces Liquidation of Key Subsidiary TipRanks Read the original article here
To use this website, cookies must be enabled in your browser. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a…
Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. Pay growth across the UK has picked up, ending the recent slowdown in earnings, even though fewer vacancies are available for workers across the economy. New data from the Office for National Statistics this morning show that average…
Date published: 18 December 2024 The Department for the Economy has accepted a disqualification undertaking from the director of a company involved in repair and maintenance of aircraft and spacecraft. The undertaking was received for eight years from Jonathan Munn (40) of Hillside Park, Castlereagh, Belfast, in respect of his conduct as director of JMM…
Latest figures from the Insolvency Service have shown that the number of registered business insolvencies in England and Wales was 1,966 in November 2024, 13% higher than in October 2024 (1,743) and 12% lower than the same month in the previous year (2,243 in November 2023). The business insolvencies consisted of 254 compulsory liquidations, 1,565…
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An Airline’s Journey from Insolvency to Profitability Bain & Company Read the original article here
Company insolvencies rise across England and Wales A worrying rise in companies collapsing last month shows that many UK firms are in a “perilous” position as 2024 draws to an end. New data from the Insolvency Service this morning shows there was a 13% increase in registered company insolvencies in England and Wales in November,…
A small family-run used car dealership appears to have appointed insolvency practitioners, just weeks after the business closed without warning. Car Dealer reported on December 4 that the doors to Swanson Motor Company had suddenly slammed shut with a message confirming the closure appearing on the firm’s website. The Newton Abbot-based Ford specialist told customers…