There has been a record jump in the number of UK businesses in critical financial distress, according to insolvency specialists. Businesses in the most distress include those in hospitality, leisure and retail, but the construction industry is also facing challenges. Insolvency experts Begbies Traynor said a company can be considered to be in critical financial…
The number of people going financially insolvent in England and Wales last year was 14% higher than in 2023, driven by debt relief orders (DROs) jumping to a record high, according to the Insolvency Service. Some 117,947 personal insolvencies were registered in 2024, 14% higher than the 103,434 recorded in 2023. Within the total, there…
KTM creditors file claims of €2.2 billion in court hearing MSN Read the original article here
Angell, a French smart electric bike startup, has announced in an email to customers that the company is declaring insolvency and approaching a court to ask for judicial liquidation. “It’s over for Angell,” said company co-founder and CEO Marc Simoncini on Instagram. (He also happens to be a judge on the French version of “Shark…
Creditors filed claims totalling around €2.2 billion against KTM AG and its two subsidiaries during the companies’ insolvency proceedings in Austria on Friday. Insolvency administrator Peter Vogl presented his third report during the hearing and he must now provide a statement on all registered claims. At the moment, there are 3,534 claims filed against KTM…
Angell, a French smart electric bike startup, has announced in an email to customers that the company is declaring insolvency and approaching a court to ask for judicial liquidation. “It’s over for Angell,” said company co-founder and CEO Marc Simoncini on Instagram. (He also happens to be a judge on the French version of “Shark…
German dentists scheme faces losses on insolvent insurtech start-up IPE.com Read the original article here
There has been a record rise in UK businesses in severe financial distress as companies find it “almost impossible to navigate the challenges they face”, according to an insolvency specialist. The number of businesses showing signs of critical stress rose by 50.2 per cent quarter-on-quarter to 46,853 in the final three months of 2024, Begbies…
Creditors filed claims totalling around 2.2 billion euros against KTM AG and its two subsidiaries during the companies’ insolvency proceedings in Austria on Friday. Insolvency administrator Peter Vogl presented his third report during the hearing and he must now provide a statement on all registered claims. At the moment, there are 3,534 claims filed against…
In its latest Global Insolvency Report, Allianz Trade reveals a more severe outlook for the global business landscape, with insolvencies projected to climb by +11% in 2024 – an even steeper rise than previously anticipated. The report highlights key trends and risks for businesses worldwide, as the global economy grapples with sluggish demand, ongoing geopolitical…