The construction sector has seen almost 4,000 insolvencies over the past year – the highest total of all industries. The latest Insolvency Service figures reveal 3,984 construction firms went under in the 12 months to the end of June, which accounted for 17 per cent of all business failures. This was higher than the second-placed…
In a recent case, the New Delhi bench of the National Company Law Tribunal(NCLT) has held that Insolvency Bankruptcy Code Proceedings are not to recover applicants dues. Dismissed application, as the applicant approached for recovery rather than facilitating the resolution of the Corporate Debtor, who is solvent and operational. The application under Section 7 of…
Companies wound-up by the High Court following Insolvency Service investigations. EDC Group NE Ltd, UK EDC Ltd and UK TCF Limited have been shut down by the High Court after keeping more than £50,000 in funds they collected on behalf of clients The three companies falsely claimed decades of experience despite being recently established, and…
The number of registered company insolvencies in England and Wales was 2,081 in July 2025, similar to both June 2025 (2,053) and the same month in the previous year (2,078 in July 2024). Monthly company insolvency numbers in the first seven months of 2025 were higher than the second half of 2024, but remained slightly…
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More businesses forced to close in July as cost pressures mount MSN Read the original article here
Construction sector sees lowest insolvencies since the start of the year, but labour shortages and supply chain strain persist Construction Wave Read the original article here
The number of compulsory liquidations was slightly higher than in June and up 11% compared with the same month in 2024. Compulsory liquidations happen when a company is forced to close when it cannot pay money owed to creditors. July’s figure was also a quarter higher than the monthly average across 2024, the data showed.…
Official data from the Insolvency Service showed there were 2,081 company insolvencies in July, edging up by 1% compared with June. The number of compulsory liquidations was slightly higher than in June and up 11% compared with the same month in 2024. Compulsory liquidations happen when a company is forced to close when it cannot…
Official data from the Insolvency Service showed there were 2,081 company insolvencies in July, edging up by 1% compared with June. The number of compulsory liquidations was slightly higher than in June and up 11% compared with the same month in 2024. Compulsory liquidations happen when a company is forced to close when it cannot…