Insolvency rates set to remain 20% to 30% above pre-pandemic levels By MIKE SHEEN, BUSINESS EDITOR Updated: 15:00 AEDT, 21 October 2025 Business insolvency rates will remain 30 per cent above pre-pandemic levels next year after with another 27,650 firms set to go bust in 2025, research suggests. Official data last week that showed another…
Commenting on the rise in company failures, Blair Milne, a partner in the Glasgow office of accountancy firm Azets, pinpointed a change in approach from HMRC following the “softly slowly” approach it took in the aftermath of the coronavirus pandemic. Its rise in enforcement has come as companies have faced rising costs on a variety…
NCLT Admits Insolvency Case Against Blu-Smart Mobility Cartoq Read the original article here
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Liverpool legend John Barnes declared bankrupt after company racks up £1.5m debt MSN Read the original article here
The Orissa High Court, Bench comprising Justice Chittaranjan Dash, has ruled that the proceedings under section 138 of the NI Act will sustain against the directors or signatories of the company even if the entity has been declared insolvent under the IBC, 2016. The complainant extended a loan of Rs. 1 Cr. to Zenith Mining Pvt.…
Zoe Adjay, a senior lecturer in hospitality at the University of East London, said Pizza Hut had been “at the forefront of bringing fast food into the UK” in the 1970s, but had struggled to remain relevant amid increased competition. “The pizza market has become a lot more upmarket,” she said. “There’s a lot more…
Despite this slight easing, experts warn the sector remains under pressure due to high inflation, rising interest rates, cash flow challenges, and persistent supply chain disruptions. Kelly Boorman, national head of construction at RSM UK, described the situation as a “perfect storm” of overtrading risks and under-resourcing. “Many firms are in limbo as they hold…
The American distillery behind the whiskey brand Westward has officially thrown in the towel. The whiskey maker had been struggling for some time and has now voluntarily declared bankruptcy. The reason is a tactical restart under private management. FAQ Where is Westward Whiskey made?Portland Oregon. Has Westward Whiskey closed?No. The distillery was under severe strain,…
This was published 3 months ago October 20, 2025 — 12:00am Save You have reached your maximum number of saved items. Remove items from your saved list to add more. Save this article for later Add articles to your saved list and come back to them anytime. Got it AAA The construction and healthcare sectors…