LONDON (Reuters) – The number of companies declared insolvent in England and Wales last month was 17% higher than a year earlier, as many businesses continued to struggle following a surge in costs last year and ongoing high interest rates. The Insolvency Service, a government agency, said 2,102 companies were declared insolvent, up from 1,801…
A renowned Australian brewery could soon be forced to shut its doors after entering voluntary administration over a racked-up taxation debt and soaring operational costs. Award-winning Deeds Brewing based in Melbournes Glen Iris appointed administrators for multiple companies under its banner on Wednesday to gauge the most financially viable model for the business moving forward.…
In the same month last year, the figure was only 1,801 while in February 2019 there were only 1,213 company insolvencies. This months figures were higher than levels seen while the government support measures were in place in response to the pandemic and were significantly higher than pre-pandemic numbers. There were 217 compulsory liquidations, which…
A renowned Australian brewery could soon be forced to shut its doors after entering voluntary administration over a racked-up taxation debt and soaring operational costs. Award-winning Deeds Brewing based in Melbournes Glen Iris appointed administrators for multiple companies under its banner on Wednesday to gauge the most financially viable model for the business moving forward.…
A renowned Australian brewery could soon be forced to shut its doors after entering voluntary administration over a racked-up taxation debt and soaring operational costs. Award-winning Deeds Brewing based in Melbournes Glen Iris appointed administrators for multiple companies under its banner on Wednesday to gauge the most financially viable model for the business moving forward.…
The second monthly insolvency statistics have been released for 2024, focusing on February. Here we provide a detailed overview. Company Insolvencies February 2024 saw 2,102 registered company insolvencies through England and Wales. This is an increase of 17% when compared to the amount registered in the same month of 2023. It is also higher compared…
A Tauranga beneficiary who hit her $5000 credit card limit buying food, clothes, petrol and a coffee machine had to be declared insolvent after interest grew her debt to $8400. Now she is warning others about the consequences of impulsive spending and not repaying debt. Helen Bryan applied for insolvency in May 2022, wiping the…
A renowned Australian brewery could soon be forced to shut its doors after entering voluntary administration over a racked-up taxation debt and soaring operational costs. Award-winning Deeds Brewing based in Melbournes Glen Iris appointed administrators for multiple companies under its banner on Wednesday to gauge the most financially viable model for the business moving forward.…
A renowned Australian brewery could soon be forced to shut its doors after entering voluntary administration over a racked-up taxation debt and soaring operational costs. Award-winning Deeds Brewing based in Melbournes Glen Iris appointed administrators for multiple companies under its banner on Wednesday to gauge the most financially viable model for the business moving forward.…
A renowned Australian brewery could soon be forced to shut its doors after entering voluntary administration over a racked-up taxation debt and soaring operational costs. Award-winning Deeds Brewing based in Melbournes Glen Iris appointed administrators for multiple companies under its banner on Wednesday to gauge the most financially viable model for the business moving forward.…