A notice on behalf of HMRC confirmed that two more companies with Neville Taylor as the sole director, and a correspondence address at Dunnock Road in the city, are heading for liquidation. In January the 58-year-old was banned from being a company director for nine years after he admitted being a key player in a…
The figures relate to the period directly before firms faced higher employment costs, with company national insurance contributions rising in April. Nearly one-tenth more companies went insolvent in England and Wales in March than the same time last year, according to new figures. The number of registered firms that went bust was 1,992 last month,…
Nearly one-tenth more companies went insolvent in England and Wales in March than the same time last year, according to new figures. The number of registered firms that went bust was 1,992 last month, according to the Insolvency Service, a 2% fall compared with February but a 9% increase compared with March 2024. Creditors’ voluntary…
Stats released today by The Insolvency Service unveiled a 2% decrease in company insolvencies in March compared to the month before, yet remain 9% higher than in March 2024. Despite company insolvencies falling in March, they remain much higher than last year, with the construction sector taking the brunt of the pain. If recession is…
1. Data sources and data validation Individual-level company insolvency data for England and Wales, Scotland and Northern Ireland were sourced from Companies House (except for compulsory liquidation data for England and Wales and Northern Ireland, see below). Companies House conducts a series of basic checks on the data, including the removal of duplicate records, prior…
Failed cattle baron Sam Mitchell faces US asset fight The Australian Read the original article here
The National Company Law Appellate Tribunal (NCLAT) has set aside the appeals filed by the BCCI and Riju Raveendran, brother of Byju Raveendran, seeking withdrawal of insolvency proceedings against Byju’s and to consider the settlement between the beleaguered edtech company and the BCCI. They had challenged the order passed by the Bengaluru bench of the…
Retirement home in Ganshoren declared bankrupt The Brussels Times Read the original article here
Exotifruit EU declared bankrupt FreshPlaza Read the original article here
The corporate debtor may be sold as a going concern or its assets may be sold after liquidation The Calcutta High Court has held that in light of the bar under Section 33(5) of the Insolvency and Bankruptcy Code, 2016 (Code), all proceedings, including those that were ongoing at the time of the order, under…