According to latest figures, there were 1,868 corporate insolvencies recorded in May, a 10.5 per cent drop from April and a 16.3 per cent fall compared to the same month last year. Andy McGill, restructuring and insolvency partner at Azets, a UK accountancy and advisory firm, said: “The monthly and annual fall in corporate insolvencies…
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The former Macquarie banker behind the redevelopment of Sydney’s iconic Sirius building has spectacularly collapsed into bankruptcy owing investors including a swath of the city’s wealthiest families more than $122 million. Jean-Dominique Huynh lived the high life, driving around in luxury cars and spending up on race horses, art and items from European fashion houses…
B&B Spoilers: Forrester Creations Might Go Bankrupt – Soap Opera Spy Home B&B B&B Spoilers: Forrester Creations Might Go Bankrupt GT… Read…
Vikram Solar will appeal against the NCLT order admitting an insolvency petition by Isitva Steels making a claim of ₹9.44 crore. The company disputed the debt, citing a 2019 settlement agreement. Vikram Solar is preparing to file an appeal in NCLAT against the Kolkata Bench NCLT order which admitted an insolvency petition over alleged non-payment…
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Vikram Solar Ltd on Friday (June 19) said the National Company Law Tribunal (NCLT), Kolkata Bench, has admitted an insolvency petition filed by Isitva Steels Private Limited against the company under Section 9 of the Insolvency and Bankruptcy Code, 2016. The petition relates to alleged non-payment of dues arising from civil works subcontracted in 2018…
Today’s company insolvency statistics show accommodation and food services insolvencies fell 9% month-on-month from 301 in April 2026 to 274 in May 2026, and were also down compared to the same month in 2025 (296). Saxon Moseley, partner and head of leisure and hospitality at leading audit, tax and consulting firm RSM UK, said: “The…
Jun 19, 2026 New official statistics on business insolvencies in the United Kingdom from 2015 to 2025 have been released, according to data published by the UK government on June 19, 2026. The source material covers numbers and rates of insolvencies broken down by region, industry, business age, employee count, and turnover. Insolvency Numbers and…
Liverpool-based business lobbying and networking group Downtown in Business steps up campaign for a crackdown on serial ‘phoenix companies’. Tony McDonough reports Downtown chief executive Frank McKenna. Picture by Adam Kenrick Downtown in Business (DIB) is calling on the Government to take tough action against serial ‘phoenix companies’ who it claims are exploiting current…