Court extends administration of Multiple Hauliers – Business Daily
Court extends administration of Multiple Hauliers Business Daily Read the original article here
Insolvencies soar to 16-year high as tax hike drives bosses to close up shop
The number of company insolvencies rose sharply at the start of the year, reaching a level not seen since the financial crisis, according to the latest figures from the Insolvency Service. More than 1,900 businesses went under in January—10.7 per cent more than a year earlier—meaning nearly 500 firms a week were forced to fold.…
Insolvencies soar to 16-year high as tax hike drives bosses to close up shop
The number of company insolvencies rose sharply at the start of the year, reaching a level not seen since the financial crisis, according to the latest figures from the Insolvency Service. More than 1,900 businesses went under in January—10.7 per cent more than a year earlier—meaning nearly 500 firms a week were forced to fold.…
Thames Water £3bn loan approved by court to stave off insolvency – ENDS Report
Thames Water £3bn loan approved by court to stave off insolvency ENDS Report Read the original article here
Bankrupt Dutch startup Supersola reboots under new ownership; now available for rent
The Hague-based Supersola, a cleantech startup that provides plug-and-play solar panels, now has a new owner. The announcement comes four months after the Dutch company was declared bankrupt by the court in The Hague in 2024. Founded by Julius Smith, Supersola offers a self-developed and produced solar panel that is immediately ready for use. Known…
UK Company Insolvencies Hit 16-Year Peak Due to Upcoming Tax Changes – News and Statistics
Feb 18, 2025 UK company insolvencies have reached a concerning 16-year high, largely attributed to the impending tax changes introduced by Rachel Reeves. According to official figures reported by Finance Yahoo, the number of corporate insolvencies surged by 10.7% year-on-year, reaching 1,971 in January, marking the highest January total since the 2009 economic downturn. The…
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Access Denied You don’t have permission to access “http://www.telegraph.co.uk/business/2025/02/18/insolvencies-surge-bosses-give-up-reeves-tax-raid/” on this server. Reference #18.14052017.1739893849.15b9c23e https://errors.edgesuite.net/18.14052017.1739893849.15b9c23e Read the original article here
Case Digest on NCLT Rulings under IBC
The National Company Law Tribunal (NCLT) serves as the adjudicating authority for corporate insolvency resolution processes, liquidation and corporate debt restructuring under the IBC The Insolvency and Bankruptcy Code, 2016 (IBC) was enacted to streamline corporate insolvency resolution, liquidation, and debt restructuring, while ensuring a time-bound process that adequately balances the interests of creditors and…
UK insolvencies rise | ICLG
Total insolvencies rise in England and Wales, and Northern Ireland, while Scotland sees a modest dip. Total insolvencies rise in England and Wales, and Northern Ireland, while Scotland sees a modest dip. The latest statistics from the Insolvency Service reveal a rise in company insolvencies across the United Kingdom, with January 2025 witnessing a notable…
Insolvencies rise in England and Wales amid economic pressures; Lib Dem MP to appeal approval of Thames Water debt restructuring plan – business live | Business
UK pay growth picks up Good morning, and welcome to our rolling coverage of economics, the financial markets and the world economy. UK pay growth has accelerated at the end of last year, bringing relief to workers and a headache for the Bank of England The latest employment data, just released, shows that total pay…