Insolvency Guardian Media Centre
- Scott Dylan was the director of IT consultancy SDRW Limited from 2013 to 2015 while bankrupt
- The 41-year-old was subject to a bankruptcy order from 2005 which remained active during his two-year spell as director of the company
- Dylan has been banned as a company director for eight years following Insolvency Service investigations
A businessman has been disqualified after acting as a director of a company for two years while he was bankrupt.
Scott Dylan, 41, now of Sir John Rogerson’s Quay, Dublin, but formerly based in Salford, has been banned as a company director for eight years following a hearing at the High Court in Manchester earlier this month.
The Insolvency Service found that Dylan had acted as a…
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Non-profit organisation Multiple Sclerosis SA & NT has gone into voluntary administration.
In an email to donors, supporters and partners, the organisation — which supports almost 3,000 clients living with multiple sclerosis — said that the “difficult decision” included its disability employment arm, Multiple Solutions.
“This difficult decision follows a period of significant challenges, including changes to the NDIS, the outcome of the recent Inclusive Employment Australia tender, and a decline in lottery sales which have long helped fund our services,” the email said.
“We are currently working with administrators from Heard Phillips Lieberenz who are continuing to trade the organisation while they explore every possible option to…
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Groups like Christ for Kentucky have decided they are obligated to help reduce or eliminate medical debt, especially for residents living in poverty.
Robert Cunningham, director of the group, said unpaid medical bills are a driving factor in personal bankruptcy cases in most counties.
“In Kentucky, it’s about 18%,” Cunningham pointed out. “In the eastern rural Appalachia region, some estimates have it at 33% – one in three – with medical debt in collections.”
Last summer, an initiative led by Kentucky Voices for Health and the group Undue Medical Debt purchased and erased more than $1.2 million of medical debt in Kentucky, affecting more than 1,200 people statewide.
A little more than half of…
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Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously said that ‘Volatility is far from synonymous with risk.’ So it might be obvious that you need to consider debt, when you think about how risky any given stock is, because too much debt can sink a company. We can see that Urban Enviro Waste Management Limited (NSE:URBAN) does use debt in its business. But is this debt a concern to shareholders?
When Is Debt A Problem?
Debt is a tool to help businesses grow, but if a business is incapable of paying off its lenders, then it exists at their mercy. …
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The rate of insolvency in construction companies continues to rise in July
UK construction company insolvency made up 15.2% of all insolvencies in both England and Wales in July, a rise of 2.5% from June.
However, this is also a drop of 3.5% year-on-year from July 2024.
Nearly 4,000 companies went under in a year
In the 12 months to July 2025, 3,973 construction companies entered insolvency. While is a decrease of 9.5% yearly from July 2024’s 4,389, it is an increase of 23.5% on 2019’s 3,218.
Monthly, specialist firms took the biggest hit with 195 recorded insolvencies.
While the numbers may seem bleak, it should be noted that the number of companies on the effective register is more than twice what it was during the 2008…
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A growing practice, known as ‘phoenixing’, is costing HMRC millions in lost tax revenue, the Financial Times reports.
The term refers to the tactic of repeatedly liquidating a limited company and then re-registering under a new name, sometimes deliberately, to dodge tax bills and other debts. One visible example might be the constant churn of sweet shops on Oxford Street.
The impact of this phenomenon on HMRC is significant. In the 2022–23 tax year alone, phoenixing companies accounted for an estimated £836 million in lost revenue—the most recent year with available data.
What is phoenixing?
Phoenixing is a phenomenon where company directors liquidate a failing business and immediately set up a new one under a different name….
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After moving to a new city, he told his parents he needed Rs 2 lakh for a rental deposit, but he lost the money to gambling. The lies continued and he asked money for coaching, tuitions, and career growth. “Every time, my father trusted me. Every time, I gambled it away,” he wrote.
“But the worst part is this: my father works as a lender, giving money on interest to people. To get even more money for gambling, I told him 11 fake names, I said these were my “friends” who wanted to join tuition and needed loans. My father gave me the money under their names,” he mentioned.
“My friends don’t even know about it. All of that money is gone too,” the Redditor added. The total debt has now reached Rs 33 lakh.
He said his father believes he is…
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The decision will not impact the authority’s finances however as business rates go directly into the Welsh Government’s None-Domestic Rates Collection Pool to be redistributed to all 22 Welsh local authorities.
Two significant debts were considered irrecoverable by Flintshire Council’s Cabinet.
The first was £33,394.28 owed by the former owners of the historic Druid Inn in Pontblyddyn.
The 200-year-old coach house ceased trading as a pub in 2020. Owners The Druid Inn (Mold) Ltd went into insolvency in March 2023 and Flintshire County Council sought to recover the owed business rates.
But with the company now liquidated and still owing unsecured creditors almost £85,000 there is no realistic prospect that…
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High Court dismisses winding-up petition against Kaisa the standard: HK
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Latest figures from the Insolvency Service have shown that the number of registered business insolvencies in England and Wales fell by 1.7% in August 2025 to a total of 2,048 compared to July 2025’s total of 2,083, and increased by 5.9% compared to August 2024’s figure of 1,933.
There were 2,048 in August 2025 the insolvencies consisted of 311 compulsory liquidations, 1,600 creditors’ voluntary liquidations (CVLs), 121 administrations and 16 company voluntary arrangements (CVAs). There were no receivership appointments.
The number of compulsory liquidations was 9% lower than in July 2025 and was also lower than the 2025 monthly average to date, although higher than monthly numbers in 2024.
The number of CVLs in…
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This masthead previously revealed D’Souza had assumed control of the committee after a dispute led to the previous president, vice-president and secretary resigning in August.
After the new committee removed the entire staff team, parents refused to send their kids to the kindy because they were concerned with the unfamiliarity of temporary staff.
In Sunday’s long email, the committee, led by D’Souza, accused staff and parents of contributing to the kindy’s downfall.
“We had every intention of keeping the kindergarten open,” it says.
“Relief staff were arranged at the recommendation of the agency by the C&K group, but parents chose to keep their children at home.
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“If parents truly wanted it to work, you could have…