Construction industry: Ultimate Kitchens & Bathrooms collapses … – The Australian Financial Review

Nov 15, 2023 6.46pm Australias toll of failed construction industry businesses will climb further, data company CreditorWatch warned on Wednesday after a high-end home renovations business went into liquidation leaving 95 customers stranded, some without insurance policies the director was required to arrange before accepting money. Ultimate Kitchens & Bathrooms went into liquidation owing unsecured…

Insolvencies jump 18 per cent in October as high rates squeeze firms – Yahoo Finance UK

UK firms have struggled this year with the Bank of England’s high interest rates and weak consumer spending The number of firms going bust in England and Wales has jumped yet again as the higher-for-longer interest rate environment continues to put pressure on businesses and consumers. Monthly data from the Insolvency Service showed there were…

Scottish company insolvencies up 21% year-on-year – Business … – Insider.co.uk

During October 2023 there were 99 company insolvencies registered in Scotland – 21% higher year-on-year. This was comprised of 35 compulsory liquidations, 58 creditors’ voluntary liquidations (CVLs), four administrations and two company voluntary arrangements (CVAs). There were no receivership appointments. Historically, the volume of company insolvencies registered in Scotland has been driven by compulsory liquidations.…

Corrie star Andrew Lancel is declared bankrupt after actor who starred in The Bill faces five-figure debt… – The Sun

CORRIE and The Bill star Andrew Lancel has been declared bankrupt after failing to pay off a large tax bill. The star, who played Frank Foster in the popular soap, failed to keep on top of his tax affairs. Andrew Lancel played Frank Foster on Coronation StreetCredit: Handout The actor also featured in The BillCredit:…