The latest company insolvency statistics, published today (18 March), show accommodation and food services insolvencies also rose 3% when compared to the same month last year (January 2024: 265 insolvencies). However, in the 12 months to January 2025 insolvencies fell 7%, from 3,747 to 3,474. Commenting on the figures, Saxon Moseley, partner and head of…
The latest company insolvency statistics, published today (18 March), show accommodation and food services insolvencies also rose 3% when compared to the same month last year (January 2024: 265 insolvencies). However, in the 12 months to January 2025 insolvencies fell 7%, from 3,747 to 3,474. Commenting on the figures, Saxon Moseley, partner and head of…
Today’s company insolvency statistics show accommodation and food services insolvencies fell 7% from 3,747 in the 12 months to January 2024 to 3,474 in the 12 months to January 2025. However, insolvencies in the sector increased 21% month-on-month, from 225 in December 2024 to 273 in January 2025, and were up 3% when compared to…
In an unexpected twist, companies are increasingly finding themselves entangled in legal disputes with their vendors. Suppliers and vendors are turning to insolvency petitions over payment delays as a legal tool to recover dues. This comes at a time when companies like Zomato and Ola Electric have been served insolvency petitions by its vendors. According…
New Delhi: The Insolvency and Bankruptcy Board of India (IBBI) has told debt resolution professionals to be more open about bankrupt companies’ past losses that can be carried forward, helping attract fresh investments into the company. The idea is that greater disclosures about ‘carry forward’ of past losses, which will lower future tax liability of…
Scotland witnessed a 10% increase in company insolvencies in February 2025 compared to the same month in 2024, with 103 businesses entering insolvency. This figure comprised 60 Creditors’ Voluntary Liquidations (CVLs), 38 compulsory liquidations, and five administrations. There were no Company Voluntary Arrangements (CVAs) or receivership appointments. The 12-month insolvency rate to February 2025 stood…
Insolvency-related activity increases across Sussex and South East region SussexWorld Read the original article here
Compulsory liquidations hit decade-long high as firms face rising costs MSN Read the original article here
The number of companies going into compulsory liquidation hit its highest point in more than a decade last month, according to official data. Some 393 companies were forced to wind up in February across England and Wales – the highest monthly number since September 2014, the Insolvency Service said. Compulsory liquidation is when a firm…
Insolvency-related activity increases across Sussex and South East region SussexWorld Read the original article here