Personal insolvencies jumped by 14% annually in 2024 across England and Wales – MSN
Personal insolvencies jumped by 14% annually in 2024 across England and Wales MSN Read the original article here
Iraq human rights lawyer Phil Shiner declared bankrupt | Solicitors
The campaigning human rights lawyer Phil Shiner, who was struck off as a solicitor for pursuing fictitious Iraqi compensation claims against the Ministry of Defence, has been declared bankrupt. The Insolvency Service website states the 60-year-old, who ran the firm Public Interest Lawyers (PIL) in Birmingham, was made bankrupt on Tuesday. The declaration of insolvency…
UK Company Insolvencies decline, but challenges persist
The latest government statistics reveal a 5% reduction in registered company insolvencies across the UK, with a total of 23,872 cases in 2024 compared to the previous year. Data from The Insolvency Service also highlights a 6% month-on-month decline in company insolvencies for December and a 14% decrease compared to December 2023. However, experts caution…
Here are 12 well-known companies that went bankrupt in 2024
This year was brutal for a number of well-known companies and their bottom lines. As inflation continued to rear its ugly head, consumers slashed their discretionary spending, tilting some companies to file for bankruptcy. Other brands fell victim to changing trends or even more malicious ailments, like cyberattacks. At least 19 companies have cut a…
Insolvency figures belie fact ‘not out of the woods yet’
In 2024, there were 23,872 company insolvencies, with a rise in company voluntary arrangements (CVAs) to 202, the highest figure since the first year of covid, as businesses looked for rescue options. The majority of collapses were down to compulsory liquidations at 18,840, although this figure was 8% down year on year. Company insolvencies might…
Plasterer Inflates Turnover £200K for Max Covid Loan
Jordan Allen fraudulently secured a £50,000 Covid Bounce Back Loan in 2020 – the most businesses were entitled to under the scheme – by overstating his turnover by more than £200,000 His plastering business should only have received around £5,000 if he had submitted an accurate application for the loan Allen, who was declared bankrupt…
Fall in company collapses last year but experts warn of ongoing ‘headwinds’
For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails Company collapses in England and Wales fell last year, according to new official figures, but experts warned of more uncertainty…
Fall in company collapses last year but experts warn of ongoing ‘headwinds’ – The Irish News
Company collapses in England and Wales fell last year, according to new official figures, but experts warned of more uncertainty for firms in the coming months. Some 23,872 companies went out of business in 2024, the Insolvency Service said, down 5% on the previous year. Despite the drop year-on-year, the number of insolvencies was far…
Fall in company collapses last year but experts warn of ongoing ‘headwinds’
Some 23,872 firms went out of business last year, the Insolvency Service said (Joe Giddens/PA) Company collapses in England and Wales fell last year, according to new official figures, but experts warned of more uncertainty for firms in the coming months. Some 23,872 companies went out of business in 2024, the Insolvency Service said, down…
Registered Company Insolvencies Decrease To 23,872, As Of 2024
According to the latest government statistics, the number of registered company insolvencies across the UK has decreased to 23,872, reflecting a reduction of 5% compared to 2023. Stephen Goderski, Partner at restructuring and insolvency firm PKF Littlejohn Advisory, notes that while a decline in insolvencies is welcome news, businesses are not out of the woods…