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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…
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National Company Law Tribunal bench inaugurated at Kolkata Bar and Bench
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Victoria’s Labor government has handed down its budget for 2025-26, with debt predicted to rise to record levels.
Balancing billions of dollars can get confusing. Here are some charts to try to make sense of the announcements.
Debt continues to rise
Years of spending has seen Victoria’s net debt balloon to more than $167 billion in this coming budget.
This is expected to rise even further, to about $194 billion in three years’ time.
The government has linked the rise to increased spending on infrastructure projects and COVID relief programs in the past few years.
But another way to look at debt is to compare it to the overall size of the state’s economy.
This figure is called Gross State Product (GSP), which is calculated by adding up all the…
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Thinking about potential insolvency or bankruptcy induces stress in intellectual property departments as much as any other corporate department. The path to restructuring or liquidation is often paved with poor business decisions that usually are made by those far removed from the IP team.
However, a company’s IP may be one of the most valuable assets for generating value to fuel restructuring or discharge debt—provided it can be reliably understood.
Determining and safeguarding that value requires a disciplined analysis centered on identifying and maintaining high-value IP assets in the marketplace. Best practice calls for assessing IP periodically.
When financial implosion is on the horizon, this kind of analysis is crucial. Whether…
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Deeside.com > News
Posted: Tue 20th May 2025
Citizens Advice Flintshire has introduced new ways for people to get in touch for debt advice, as local residents face mounting financial strain due to reduced support from winter fuel payments and proposed changes to disability benefits.
The organisation says it is concerned that economic changes and cost-cutting measures are having a direct impact on vulnerable people across the area.
With more…
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1. Main messages for England and Wales
-
The number of registered company insolvencies in England and Wales was
2,053 in April 2025, 3% higher than in March 2025 (1,996) but 5% lower
than the same month in the previous year (2,163 in April 2024).
Company insolvencies over the past 12 months have been slightly lower
than in 2023, which saw a 30-year high annual number, but have
remained high relative to historical levels.
-
Company insolvencies in April 2025 consisted of 379 compulsory
liquidations, 1,544 creditors’ voluntary liquidations (CVLs), 105
administrations, 24 company voluntary arrangements (CVAs) and one
receivership appointment. The (seasonally adjusted) number of
compulsory liquidations in April 2025…
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