Ammon News – 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…
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…
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…
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…
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…
Michelle Elliot Company insolvencies in Scotland rose by 9% during February compared to the previous year, totalling 94 cases, according to data from the Insolvency Service. This comprised 33 compulsory liquidations, 58 creditors voluntary liquidations (CVLs), and three administrations, with no company voluntary arrangements (CVAs) or receivership appointments. Company insolvencies in Scotland from February 2019…
Corporate insolvency levels rose 73.3% from pre-pandemic levels last month, while personal insolvency levels rose 22.4% during the same period, according to new statistics from the Insolvency Service. Corporate insolvencies increased by 18.5% in February 2024 to a total of 2,102 compared to January’s total of 1,774 and increased by 16.7% compared to February 2023’s…
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…
Dunfast Pty Ltd has been wound up. Photo: Frogman1484. Transport business Dunfast Pty Ltd, which trades under the name Griffith Fast Freight, was wound up in insolvency by the Federal Court on Friday (8 March), ending a decade in operation. According to court documents obtained by Region, the wind up motion was lauched by the…