The number of businesses folding rose 15% year-on-year in May By MIKE SHEEN Updated: 21:34 AEST, 20 June 2025 Business insolvencies across England and Wales rose sharply last month as firms buckled under the pressure of higher labour costs associated with last year’s Autumn Budget, official data suggests. Insolvencies jumped 8 per cent month-on-month to…
Amid a boost a trade caused by sunny weather over the month, insolvencies in the sector fell, also dropping 2.5% month-on-month. Additionally, the Government’s company insolvency statistics show that hospitality insolvencies are down 12% in the 12 months to April 2025, falling from 3,824 in the 12 months to April 2024 to 3,369. “April was…
Lee Clark’s bank accounts, savings and other valuable assets could be used to pay his unsecured creditors if he does not address the debt, according to an order made Former Newcastle and Sunderland midfielder Lee Clark(Image: Andy Commins / Daily Mirror) A former Premier League star has been declared bankrupt over a debt to a…
Former Premier League footballer Lee Clark has been declared bankrupt, according to recent documents. The 52-year-old, who played for Newcastle United, Sunderland and Fulham during his career, later transitioned into management and television punditry. The Magpies favourite made 265 appearances for the club over two spells, netting 28 goals. However, the ex-midfielder’s financial situation is…
Newcastle United hero Lee Clark, once part of one of British football’s most controversial incidents when playing for rivals Sunderland, has been made bankrupt 15:06, 20 Jun 2025Updated 15:10, 20 Jun 2025 Former Premier League footballer Lee Clark has been declared bankrupt(Image: Andy Commins / Daily Mirror) Former Premier League footballer Lee Clark has been…
The ongoing insolvency proceedings of Housing Development and Infrastructure Ltd (HDIL) have taken a contentious turn, with suspended director Rakesh Kumar Wadhawan challenging the legitimacy of a ₹1,709.69 crore claim admitted by the Resolution Professional (RP), the FPJ reported. In a letter dated June 1, 2025, Wadhawan has alleged that Suraksha Asset Reconstruction Company (ARC)…
The National Company Law Appellate Tribunal (NCLAT) has upheld the commencement of insolvency proceedings against Jaypee Cement Corporation Ltd. (JCCL), dismissing the appeal filed by its suspended director, Alok Gaur. The appeal had challenged the 22 July 2024 order of the National Company Law Tribunal (NCLT), Allahabad Bench, which had admitted a Section 7 application…
Retail sector insolvencies in the UK remained broadly stable in April, according to new figures released today, but the outlook is increasingly clouded by a convergence of macroeconomic and geopolitical headwinds. The latest company insolvency statistics show a modest 3 per cent rise in retail trade insolvencies from March to April 2025, reaching 165 cases,…
Michelle Elliot – Partner at FRP Advisory Scotland saw a 13% increase in company insolvencies in May 2025 compared to the same period last year, reaching a total of 133. This rise was primarily driven by an increase in compulsory liquidations, which accounted for 72 cases. The remaining insolvencies included 56 Creditors’ Voluntary Liquidations (CVLs)…
Company Insolvencies Jump to 11-Month High After Reeves Hikes Taxes mdi-fullscreen Company insolvencies are now at an 11-month high. Slowing down… Insolvency Service said today that insolvencies jumped to 2,238 last month, up 15% jump from the previous year. Just wait for the Employment Rights Bill… Highest are food and beverage services, construction, restaurants, and…