2022 is likely to see a dramatic rise in personal bankruptcies and asset repossessions across the South East as inflation and interest rates begin to climb and consumers struggle to… The post Expert warns echoes of 1990s as wave of personal insolvencies likely appeared first on London Business News | Londonlovesbusiness.com.
Orbit Energy who had 65,000 customer ceased trading last week following soaring gas prices which has seen many energy suppliers go bust. On Monday a judge in a specialist court… The post Judge concludes that Orbit Energy is insolvent after closing their doors following soaring gas prices appeared first on London Business News | Londonlovesbusiness.com.
Ofgem has announced that two more energy supplier companies have gone bust and the industry regulator will be appointing a new supplier for customers. Ofgem announced that Entice Energy and… The post Two more energy supplier firms cease trading days after UK’s seventh largest supplier enters administration appeared first on London Business News | Londonlovesbusiness.com.
The UK’s seventh largest energy supplier is on the Brink of collapse within days and has around 1,7m customers and will affect around 1,000 jobs, according to Sky News. The… The post Britain’s seventh largest energy supplier is on the brink of collapse within days appeared first on London Business News | Londonlovesbusiness.com.
Small energy supplier company Bluegreen Energy who have around 5,900 customers have ceased trading on Tuesday. Bluegreen Energy told their customers that their power will not be cut off and… The post Another energy supplier goes bust due to ‘unprecedented and unexpected rise in gas and electricity prices’ appeared first on London Business News |…
Quarterly insolvency statistics released last Friday for Q3 2021* show that the number of company insolvencies was 17% higher than in Q2 2021 and 43% higher than in Q3 2020.… The post Quarterly company insolvencies show 17% increase with tough times ahead forecast appeared first on London Business News | Londonlovesbusiness.com.
Scottish Power chief executive Keith Anderson who is the boss of one of the UK’s largest household energy firms, that “at least 20” more energy suppliers are facing bankruptcy. Anderson… The post ‘At least 20’ more energy suppliers face bankruptcy as the industry is bearing a £5bn bill appeared first on London Business News |…
Insolvency figures released today for September 2021 by the Government’s Insolvency Service show a 56% increase in corporate insolvencies compared to the same month last year (1446 in September 2021… The post Company insolvencies surge by over 50% as insolvency professional predicts a challenging winter appeared first on London Business News | Londonlovesbusiness.com.
