R3 responds to the 2024 annual insolvency statistics – NationalWorld
R3 responds to the 2024 annual insolvency statistics NationalWorld Read the original article here
Business insolvencies fell by 5% in 2024
Annual figures from the Insolvency Service have shown that there were 23,872 registered business insolvencies in England and Wales in 2024 a fall of 5.1% from 2023’s figure of 25,163. The business insolvencies comprised of 18,840 creditors’ voluntary liquidations (CVLs), 3,230 compulsory liquidations, 1,597 administrations, 202 company voluntary arrangements (CVAs) and three receivership appointments. The…
Seeka joins court action against oil company Olivado
Seeka joins court action against oil company Olivado …
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To use this website, cookies must be enabled in your browser. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a…
Cybersecurity Breaches Are Increasing Business Insolvency Risks
Data breaches and ransomware attacks in the US are increasing companies’ risk of financial losses, in many cases dragging them into bankruptcy or putting them out of business altogether. Data breaches cost companies across the world on average about $4.9 million, and nearly double that amount in the US, according to a 2024 study by…
Forbearance, jobs, and economic growth: Why Ireland’s corporate insolvency rate is staying low
In recent months, Ken Tryell and his team began working on an exercise to determine what economic metric is best aligned with Irish corporate insolvencies. Tyrell, a restructuring and insolvency specialist with the accountancy firm PwC, has maintained a running tracker of corporate insolvencies in recent years, producing quarterly reports on how many companies are…
Closing down sale as administrators appointed to The Body Shop NZ
Voluntary administrators have been appointed to Body Shop NZ — with stores remaining open as stock is cleared. The Body Shop NZ has 16 stores across New Zealand with approximately 70 permanent employees and an online business. It sells skincare, make-up haircare and body products. Customers were told of the closure in an email on…
The Body Shop NZ falls into voluntary administration – The Post
The Body Shop NZ falls into voluntary administration The Post Read the original article here
The Body Shop NZ placed into voluntary administration
The Body Shop NZ placed into voluntary administration …
The Body Shop NZ in voluntary administration
Beauty brand The Body Shop’s New Zealand business has appointed voluntary administrators. It comes after its UK parent company was placed into administration in February last year, with its international assets largely sold – but the sale excluded the New Zealand business. Administrators Daniel Stoneman and Neale Jackson of Calibre Partners said a buyer had not been…