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Latest Insolvency Related News

Construction Helmet
Rising Costs Pushing Construction Firms towards Insolvency
Rising costs and issues with recruitment are contributing to an increase in the number of construction companies entering insolvency across the UK.
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Debts And Credit Cards
Clampdown Announced On Directors Dissolving Companies to Avoid Paying Debts
The Insolvency Service has announced the beginning of what is being describing as a clampdown on company directors who dissolve their businesses to avoid paying debts and settling liabilities.
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Business Insolvency Rates High
Voluntary Liquidations Push Business Insolvency Rates to Highest Levels Since 2019
A significant increase in the number of company directors taking their businesses into liquidation prompted a sharp rise in corporate insolvency cases across England and Wales in November 2021.
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Company In Insolvency
Number of Firms at Risk “Growing Every Day” as Omicron Spreads
The number of businesses at risk of entering insolvency or liquidation is growing every day as the Omicron variant of Covid-19 spreads throughout the UK.
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Business Owner Coffee Shop
Covid Plan B ‘Puts Hospitality Firms at Risk’
The government’s decision to pursue a ‘Plan B’ in response to rising cases of Covid-19 could put hospitality businesses at risk in the coming weeks and months.
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Manufacturer Workers
Manufacturers Facing Financial Crunch and Fight for Survival
Manufacturing companies are facing a combination of major financial challenges as their sector and the wider economy recover from the worst of the coronavirus crisis.
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Computer Fraud
Insolvency Service Cracks Down on Abusers of Bounce Back Loan Scheme
The Insolvency Service has banned a company director for a period of nine years as part of a crackdown on abuses and fraud relating to the government’s Covid-19 financial relief schemes.
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Hotel Receptionists
Hospitality Sector Still ‘Incredibly Fragile’ Despite Business Rates Relief
Companies within the UK’s hospitality sector remain in a fragile situation financially despite being granted an extension to the 50 per cent relief policy in relation to their business rates.
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