The last few months have been challenging for startups and scaleups, and this month, Berlin impact startup SIRPLUS filed for insolvency- German startup SIRPLUS was founded in 2017. It brings excess food back into the retail cycle by selling it through subscription boxes, including food rejected by supermarkets due to size, colour or overproduction. Through…
States regulate insurance companies, and all 50 states have systems in place to protect policyholders if an insurance company goes out of business. That means youre not totally out of luck if your insurance company goes under. Its important to understand how the process works and what sort of protection it offers. Better yet, know…
Corporate insolvencies in December continued to rise, with an increase of two per cent compared to December 2023. However, the increase was significantly lower than last Decembers year-on-year increase of 32 per cent, according to figures published this week by the Insolvency Service. This takes the number of corporate insolvencies in the month of December…
Corporate insolvencies in December continued to rise, with an increase of 2% compared to December 2023. However, this increase was significantly lower than last Decembers year-on-year increase of 32%, according to figures published this week by the Insolvency Service. This takes the number of corporate insolvencies in the month of December to 79% higher than…
With a rise in the number of businesses collapsing, construction companies need to be aware of how to protect themselves against risks. According to UK Government data, construction firms in England and Wales topped the list of industries that experienced the highest number of insolvencies in the 12 months ending 30 September 2023. The number…
For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails The Insolvency Service is looking into concerns around the potential mis-selling of IVAs (individual voluntary arrangements). The service said it wants to understand the experience of some consumers…
The monthly insolvency statistics have been released for the month of December 2023. This article explores the findings. Company Insolvencies December 2023 saw 2,002 registered company insolvencies through England and Wales. This is an increase of 2% when compared to the amount registered in the same month of 2022. This is also higher than figures…
The total company failures for 2023 exceed 25,000 for the first time in 15 years, signalling the toughest business climate since the economic crash in 2009. Before the first lockdown in 2020, there were 1,119 company insolvencies in December 2019, one year later the figure was slightly higher at 1,235. However, typically for December the…
By David Milliken LONDON (Reuters) – Company insolvencies in England and Wales look on track to hit a 30-year-high in the final three months of 2023 despite a sharp drop in December, official figures suggested on Tuesday. The government’s Insolvency Service said 2,002 companies were declared insolvent last month, 2% more than a year earlier…
Australian insolvency advisory firm Cathro & Partners has expanded its portfolio with a new service line focused on personal insolvency. Simon Cathro, Managing Partner at Cathro & Partners, said that the launch of the new offering comes in response to growing demand for personal insolvency work, at a time when the number of companies and…