There was a significant increase in the number of new start-ups as well as a sharp drop in insolvency-related activity across Yorkshire and the Humber and the UK in the first month of 2025, according to the latest research from the UK’s insolvency and restructuring trade body, R3.

The research, which is based on an analysis of data provided by Creditsafe, shows a 35% increase in new business start-ups in the region in January, with insolvency-related activity falling by 30% in the same month.

The increase in business start-ups in Yorkshire and the Humber, from 3,235 new businesses established in December, to 4,375 in January, comes after a 16% fall in the number of new start-ups at the end of…

The Reserve Bank on Thursday said it has filed an application with the National Company Law Tribunal, New Delhi bench, for initiation of corporate insolvency resolution process against Aviom India Housing Finance Private Limited.

On Monday, the RBI superseded the board of Aviom India Housing Finance owing to governance concerns and defaults in meeting various payment obligations.

The Reserve Bank has appointed Ram Kumar, ex-CGM of Punjab National Bank, as the Administrator of the New Delhi-based company.

In a statement on Thursday, the central bank said an application for initiation of Corporate Insolvency Resolution Process (CIRP) against Aviom India Housing Finance Private Limited filed under the Insolvency and Bankruptcy Code,…

𝐔𝐒𝐀, 𝐍𝐞𝐰 𝐉𝐞𝐫𝐬𝐞𝐲- According to Market Research Intellect, the global Corporate Insolvency Service market in the Internet, Communication and Technology category is projected to witness significant growth from 2025 to 2032. Market dynamics, technological advancements, and evolving consumer demand are expected to drive expansion during this period.

The market for corporate insolvency services is expanding significantly as a result of firms all over the world becoming more financially distressed. The demand for insolvency services is being driven by rising corporate debt loads, shifting interest rates, and economic concerns. Market expansion is also being aided by…

Coffee Day Enterprises Ltd (CDEL), which owns the Cafe Coffee Day chain, is trying to negotiate a settlement with its creditor IDBI Trusteeship Services in parallel to the ongoing proceeding before insolvency appellate tribunal NCLAT. On August 14, 2024, the National Company Law Appellate Tribunal (NCLAT) stayed the insolvency proceedings initiated against CDEL by NCLT over the plea of DBI Trusteeship Services Ltd (IDBITSL).

However, this was challenged by IDBITSL before the Supreme Court, which had on January 31, 2025, directed the Chennai bench of NCLAT to dispose of the pending appeal before February 21, 2025.

The apex court had also directed…

One of the country’s most prominent stock pickers, Jun Bei Liu, pulled back the curtain of her new start-up a little over a fortnight ago.

In a great profile in this masthead, Liu announced TenCap, standing next to the impeccably tailored Jason Todd, her co-founder. It was touted as “one of the biggest funds management launches in two decades”.

Loading…

“We are dealing with a predatory industry here, they are putting money over lives.”

Tracy O’Shaughnessy wants to see the end of gambling adverts, a mission spurred on after her husband got £85,000 in debt.

“Gambling ads are normalised and as an affected other (someone who experiences negative impacts or harm as a result of someone else’s behaviour), I find it really triggering. I sit there and I think it’s not fun, it’s ruined my life,” she said.

In her local area of Merton there isn’t any escape either, as Tracy says there are seven betting shops on her high street.

A gambler for more than 30 years, Tracy said her husband must have lost millions over that period.

“The mounting debts, the lies – it really took a toll on my mental health.

“I…

The collapse of Robin Hood Energy has left more than £53 million of bills unpaid, a report on its final liquidation shows.

The winding-up of the failed council-run energy company has been completed five years after it went into administration.

In the final round of the company, it was concluded there were 347 claims of owed money from individuals and companies amounting to £67.1 million in total.

According to the final report by liquidators, published last week, only £13.7 million of the claims has been paid out.

This means more than £53 million in claims will go unpaid by the failed firm.

Robin Hood Energy (RHE) was set up by Nottingham City Council in 2015 to compete with the ‘big six’ energy companies as a not-for-profit offering…