Distress and Insolvency in the Payment Systems and Foreign Exchange Sector | what does it mean for your business? | Restructuring & Insolvency

Bankruptcy

Argentex LLP (“Argentex”), a high-profile foreign exchange (“FX”) provider, recently entered special administration under the Payment and Electronic Money Institution Insolvency Regulations 2021 (“PEMIIR”) following well-publicised liquidity issues caused by recent fluctuations in global currency markets.  Trading in Argentex was abruptly suspended on 17 July 2025, effectively freezing the company’s ability to take on new…

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Bankruptcy

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Lucy Harrison Casting liquidation | Equity

Liquidation

Equity has been supporting members with issues of non-payment in the run up to and aftermath of Lucy Harrison Casting going into liquidation, securing payment for the majority of members who got in touch before the company’s liquidation.   Lucy Harrison Casting (LHC) is a large agency representing models and actors, booking jobs on a range…

Construction industry leads company insolvencies in UK

Bankruptcy

The latest government figures of company insolvencies show the construction sector constitutes the highest number of insolvencies over the last twelve months In July 2025, the number of registered company insolvencies in England and Wales was 2,081, similar to both June 2025 (2,053) and July 2024 (2,078). The construction industry experienced the highest number of…

IBBI seeks comments to ensure integrity of CIRP changes

Liquidation

The Insolvency and Bankruptcy Board of India (IBBI) has invited comments from the public on proposed changes to the corporate insolvency resolution process (CIRP) aimed at improving and ensuring the integrity of amendments. The proposed changes are recording the deliberations of the committee of creditors (CoC) on the elgibility of the resolution applicant, enhancing disclosures…

Heat rises for the Chancellor as insolvencies continue – London Business News

Bankruptcy

Stats released today by The Insolvency Service unveiled a 1% upturn in company insolvencies in July compared to the month before. Construction, wholesale, retail, accommodation and Food Service topping the table of struggling industries who are responsible for 47% of all company insolvencies. In 2024, there were 23,872 registered company insolvencies comprising 18,840 creditors’ voluntary…