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Insolvency

London law firm launches insolvency litigation service

Adding to its range of insolvency services, Shakespeare Martineau, which has an office hub in London, has launched a new insolvency litigation service, ‘InSolvLit’. Offering support from initial investigations stage… The post London law firm launches insolvency litigation service appeared first on London Business News | Londonlovesbusiness.com.

Interest rate rises and increased energy costs have hit companies’ bottom lines leaving 39% of firms insolvent

UK company insolvencies have jumped 39% in the last month with 2,114 businesses entering insolvency in March 2022, up from 1,517 in February says Mazars, the international audit, tax and… The post Interest rate rises and increased energy costs have hit companies’ bottom lines leaving 39% of firms insolvent appeared first on London Business News…

Insolvency figures more than double as many businesses were keep afloat by government support

Insolvency figures released yesterday for February 2022* by the Government’s Insolvency Service showed corporate insolvencies more than doubled compared to the same month last year (1515 in February 2022 and… The post Insolvency figures more than double as many businesses were keep afloat by government support appeared first on London Business News | Londonlovesbusiness.com.

Sadiq Khan warns Transport for London faces bankruptcy within days with ’43,000 jobs’ on the line

Sadiq Khan is locked in talks to secure new “long term funding” for Transport for London (TfL) as it could enter bankruptcy within days. The previous emergency agreement expired on… The post Sadiq Khan warns Transport for London faces bankruptcy within days with ’43,000 jobs’ on the line appeared first on London Business News |…

Monthly insolvencies more than double year-on-year

Following the publication today of the latest monthly insolvency statistics for January 2022 by The Insolvency Service, Claire Burden, Partner in the Advisory Consulting team at Tilney Smith & Williamson,… The post Monthly insolvencies more than double year-on-year appeared first on London Business News | Londonlovesbusiness.com.

ONS insolvency data: “The Revenue will soon stop playing Mr Nice”

One in 304 active companies (at a rate of 32.9 per 10,000 active companies) entered liquidation in 2021. This was an increase from the 29.4 per 10,000 active companies that… The post ONS insolvency data: “The Revenue will soon stop playing Mr Nice” appeared first on London Business News | Londonlovesbusiness.com.

Expert warns more than half of remaining UK Energy firms are ‘technically insolvent and at imminent risk of collapse’

More than half of the UK’s remaining energy suppliers are on the verge of collapse and are “technically insolvent.” According to analysis by the accounting company Price Bailey the credit… The post Expert warns more than half of remaining UK Energy firms are ‘technically insolvent and at imminent risk of collapse’ appeared first on London…

Company insolvencies increase as tough year ahead forecast

Insolvency figures released for December 2021* by the Government’s Insolvency Service showed a 20% increase in corporate insolvencies compared to the same month last year (1486 in December 2021 and… The post Company insolvencies increase as tough year ahead forecast appeared first on London Business News | Londonlovesbusiness.com.

Three in ten UK business leaders fear their company will close before the end of the year

Three in ten UK business leaders fear their company will close before the end of the year, according to new research from One World Express. The global logistics firm commissioned… The post Three in ten UK business leaders fear their company will close before the end of the year appeared first on London Business News…

Monthly company insolvencies reach higher than pre-pandemic levels

Following the publication today of the latest monthly insolvency statistics by The Insolvency Service, Claire Burden, Partner in the Advisory Consulting team at Tilney Smith & Williamson, the wealth management… The post Monthly company insolvencies reach higher than pre-pandemic levels appeared first on London Business News | Londonlovesbusiness.com.

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