Monthly company insolvencies rise to highest level since last July MSN
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Monthly company insolvencies rise to highest level since last July London Evening Standard
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Business insolvencies rose in April to their highest level since July last year after firms faced fresh tax increases, according to official data.
Registered company insolvencies in England and Wales grew by 3% to 2,053 in April compared with the previous month, the Insolvency Service revealed.
It was, however, still down 5% against the same period last year.
Insolvencies have been ticking higher in recent months as UK companies have raised concerns of uncertain economic conditions and an increased tax burden.
Last month, businesses saw their labour costs particularly jump after the Labour Government increased National Insurance contributions and put up the national minimum wage.
Creditors’ voluntary liquidations,…
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U.S. economy is experiencing ‘death by a thousand cuts’, says Deutsche Bank Fortune
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Understand your legal rights, safeguard your financial assets, seek professional support to navigate these challenging times
Q: My husband and I have always shared the same financial goals, whether it involved lifestyle choices or retirement planning. However, about a year ago, I discovered money missing from our accounts. When I confronted him, he admitted to…
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Experts: Debt is hurting Americans’ health but managing it can help WSOC TV
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On 7 May 2025, the UK Supreme Court handed down its judgment in Bilta (UK) Ltd (in liquidation) and others v Tradition Financial Services Ltd [2025] UKSC 18. The judgment primarily concerned the scope of s.213 Insolvency Act 1986 (“s.213“), the provision under which any persons who were knowingly parties to the carrying on of a company for a fraudulent purpose may be declared liable to make contributions to the company’s assets.
The Supreme Court confirmed that the scope of s.213 extends beyond those involved in the management or control of the fraudulent company, to include third parties who participated in, facilitated, or assisted fraudulent transactions by the company if they knew that the company’s business was being carried on for…
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Tax cuts, slashed HECS debts, energy rebates and boosts to Medicare are among the list of cost-of-living promises set to flow through to Aussies following Labor’s historic win. Prime Minister Anthony Albanese will lead a majority Labor government after winning a second term.
The cost-of-living crisis was a key issue in this year’s federal election, with both parties making promises to ease budget pressures. Households are being hit with higher prices from all angles, with mortgage and rent payments soaring, grocery prices climbing higher, and energy prices also remaining at a high.
The Labor…
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Scottish company insolvencies down 7% year-on-year insider.co.uk
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Tony Hetherington is Financial Mail on Sunday’s ace investigator, fighting readers corners, revealing the truth that lies behind closed doors and winning victories for those who have been left out-of-pocket. Find out how to contact him below.
An art investment company that The Mail on Sunday revealed had employed two barred directors – one with a jail record for fraud – has been wound up after the High Court heard evidence from the Insolvency Service of numerous ‘matters of concern’.
Artwork Holdings used the name ‘Yield Gallery’ and advertised works by Banksy, Andy Warhol and Tracey Emin. In 2023, I warned that one of its bosses, described as the gallery’s creative director and named as Jon Sullivan, was actually Jonothan Piper.
In…
