Heliospectra declared bankrupt – Hort News

Swedish lighting company Heliospectra AB, which was founded in 2006, has been officially declared bankrupt by the Gothenburg District Court after filings were submitted on 27 July. Heliospectra’s Board of Directors are understood to have filed for bankruptcy after the company was unable to secure a financing solution within the available timeframe. As a result,…

Scottish business insolvencies fall – Credit Connect

Latest figures from the Accountant in Bankruptcy (AiB) have shown that business insolvencies in Scotland fell in July 2026. The data showed that there were 83 business insolvencies registered in Scotland, 28% lower than the number in July 2025. The total number of business insolvencies comprised 46 CVLs, 31 compulsory liquidations and six administrations. There…

Northern Irish business and personal insolvencies rise

Latest data from the Insolvency Service has shown that business and personal insolvencies in Northern Ireland increased in July 2026. The data showed that there were 169  personal insolvencies in Northern Ireland. This was 10% higher than in July 2025. The insolvencies comprised of  137 IVAs, 15 bankruptcies and 17 DROs. There were 16 business insolvencies,…