This disclaimer (“Disclaimer”) is applicable to the entire Site. Upon entering the Site it is recommended that you immediately read the Terms and Conditions and Privacy Policy listed therein. Your continued usage of this Site will indicate your unconditional acceptance of the said Terms and Conditions and Privacy Policy. You hereby agree that Prop News Time reserves the right to modify at any time, the Terms and Conditions and Privacy Policy governing this Site without prior notification. Your usage of the Site implies that you will be bound by any such modification. You agree and acknowledge that it is your responsibility to periodically visit the Site…

The organisation’s free services to firms considering locating to Kent included help finding property, recruiting, and applying for financial support.

Liquidation “forms part of a structured plan to responsibly conclude” its business activities, the company said.

Lucy Druesne, the deputy chief executive of Kent Invicta Chamber Of Commerce, said the collapse was “a really sad situation for the region”.

Locate in Kent’s effectiveness “fluctuated”, she said, but it had “some great success stories”, including supporting growing business to remain in the region.

“While a fall in insolvencies is positive, operating conditions remain incredibly challenging,” said Michelle Elliot, restructuring partner at FRP in Glasgow. “With consumer confidence so weak, businesses are having to absorb significant cost rises in order to remain competitive.

“This is putting acute pressure on margins, and there are few signs of respite on the horizon – sticky inflation is likely to keep demand low, and yesterday’s decision to hold interest rates means borrowing costs are unlikely to drop any time soon. Uncertainty over the November Budget means fresh investment decisions also starting to be delayed.”

Across the UK there has been a pronounced long-term rise in compulsory…

Authorities could also make employers hand over part of salaries until the debt is paid

Drivers who persistently refuse to pay ultra-low emission zone (Ulez) fines could be made bankrupt, Transport for London (TfL) has said. The transport authority made the claim as it vowed to enhance its crackdown on a “specific group of drivers” with long-standing Ulez debts.

Some 94% of Ulez debt is owed by people with at least four outstanding penalty charge notices (PCNs). TfL said it “continues to ramp up its efforts to deliver stronger enforcement”, which in “extreme cases” could lead to an individual facing “bankruptcy proceedings” if they…

Could data centers and the power grid be America’s next “renaissance?” With the U.S. national debt exceeding $37 trillion and interest payments surpassing defense spending, many articles have been written about the “debt doomsday” event coming. Such was a point we made in “The Debt and Deficit Problem.”

“In recent months, much debate has been about rising debt and increasing deficit levels in the U.S. For example, here is a recent headline from CNBC:”

“The article’s author suggests that U.S. federal deficits are ballooning, with spending surging due to the combined impact of tax cuts, expansive stimulus, and entitlement expenditures. Of course, with institutions like Yale, Wharton, and the CBO warning that this…

Anna Daroy, 61, of Abbots Morton, Worcestershire, who led the prestigious business lobby group in 2019, secured two £50,000 loans for her management consultancy, Globepoint Associates, when the rules permitted only one per business. An Insolvency Service investigation found that Globepoint Associates received a total of £100,000 from two separate banks within five days in May 2020.

The company, for which Ms Daroy was the sole director, entered liquidation in March 2023 with both government-backed…

New company insolvency statistics show accommodation and food services insolvencies rose again in July, this time by 5% to 327 from 306 the month before.

It represents the sector’s highest monthly insolvency figure since November 2024 and follows a 4% month-on-month rise in June and a 6% rise in May.

When analysing the data, RSM UK notes that this is the first time the number of hospitality insolvencies has risen consecutively for three months since prior to the current data-set’s starting point in January 2022.

“The continued uptick in insolvencies is a worrying trend, but one we have been forecasting for several months now,” says Saxon Moseley, partner and head of leisure and hospitality at RSM UK.

“The leisure and hospitality…

A record number of people turned to debt relief orders (DROs) in August to ease their financial struggles, Insolvency Service figures show.

In total, the number of people going financially insolvent across England and Wales jumped by 16% in August compared with the same month a year earlier, according to Insolvency Service figures.

Some 11,348 people entered insolvency in England and Wales in August, which was also 7% higher than the total in July this year.

The insolvency total was made up of 4,239 debt relief orders (DROs), 622 bankruptcies and 6,487 individual voluntary arrangements (IVAs).

The number of DROs taken out in August 2025 was a record high in the monthly records going back to their introduction in 2009, the…

Construction insolvencies increased slightly in July compared with June, although the rate was lower than 12 months ago, according to the latest official statistics.

Insolvency Service figures show 332 construction companies went into administration or liquidation in July – up 2.5 per cent on the previous month’s total of 324 but down 3.5 per cent on July last year.

The data, released this morning (19 September), covers company insolvencies for August, but sector-specific data lags by one month, so the construction data was only updated for July.

The figures reveal that the construction sector lost 3,973 firms to insolvency in England and Wales during the 12 months to August 2025. 

This tally is more than any other sector, accounting…