Höfner has given an update on its recent bankruptcy filing, stating that “business operations will continue” throughout the administration process. It has also cited the effects of a challenging export market, particularly due to the recent hike in US tariffs rates. A new press release from the German guitar and bass manufacturer adds some context…
Jodie Wildridge, deputy chair of R3 in Yorkshire Corporate insolvencies fell by 8% to 1,866 in November 2025, compared to the October figure of 2,034. They were also down by 7% compared to the November 2024 figure of 2,001 and by 18% compared to November 2023’s 2,273 figure. Jodie Wildridge, deputy chair of the UK’s…
The Mumbai Bench of the National Company Law Tribunal (NCLT) has admitted an application under Section 9 of the Insolvency and Bankruptcy Code (IBC) against Proto D Industries Private Limited, holding that the operational creditor had established a default of over Rs. 5.8 crore and the corporate debtor had failed to prove any ‘pre-existing dispute’.…
‘Glimmer of hope’ for businesses says R3 as November insolvencies fall Yorkshire Post Read the original article here
A brief overview of the situation: battery manufacturer BMZ Group is facing the insolvency of two of its central subsidiaries. Both BMZ Germany GmbH and BMZ Holding GmbH, based in Karlstein am Main, have entered insolvency. The Aschaffenburg District Court formally opened self-administration insolvency proceedings for both companies on 19 December 2025. As previously reported,…
Latest figures from the Insolvency Service have shown that the number of business insolvencies in England and Wales decreased by 6.7% to 1,866 in November 2025, compared to the November 2024 figure of 2,001. The business insolvencies consisted of 250 compulsory liquidations, 1,461 creditors’ voluntary liquidations (CVLs), 136 administrations, 18 company voluntary arrangements (CVAs) and…
Latest figures from the Accountant in Bankruptcy (AiB) have shown that business insolvencies in Scotland fell in November 2025. The data showed there were 98 company insolvencies registered in Scotland, 14% lower than the number in November 2024. The business insolvencies comprised of 58 CVLs, 33 compulsory liquidations and seven administrations. There were no CVAs or receivership…
Latest monthly statistics from the Insolvency Service show that business insolvencies increased whilst personal insolvencies fell in Northern Ireland in November 2025. The data shows that there were 43 business insolvencies registered in Northern Ireland, 169% (2.7 times) higher than in November 2024. The insolvencies comprised of 33 compulsory liquidations, eight CVLs and two CVAs. There were…
Jott joins the list of those affected by the French ready-to-wear crisis. The Marseille-based fashion company Just over the top has been placed in redressement judiciaire (French procedure equivalent to insolvency proceedings) after being declared bankrupt. The Marseille court of economic activities has opened the procedure and set a six-month provisional observation period. The…
Jott joins the list of those affected by the French ready-to-wear crisis. The Marseille-based fashion company Just over the top has been placed in redressement judiciaire (French procedure equivalent to insolvency proceedings) after being declared bankrupt. The Marseille court of economic activities has opened the procedure and set a six-month provisional observation period. The…