Latest Insolvency Related News
14/10/2021
Business Insolvency Rates Set to Rise, Says Bank of England
Rates of business insolvency across the UK are likely to increase during the final three months of 2021, according to the Bank of England.
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15/09/2021
Insolvency Protection Measures to be Phased Out from October
Measures introduced to protect struggling businesses from being forced into insolvency or liquidation during the pandemic are to be phased out from October 1st, the government has confirmed.
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01/09/2021
Hospitality Businesses ‘Still Fighting for Survival’ After Reopening
Thousands of businesses in the hospitality sector are still fighting for survival despite the UK economy having reopened and Covid-related restrictions on their activities having largely been lifted.
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18/08/2021
Rise in Insolvencies Driven by Increase in Creditors’ Voluntary Liquidations
The Insolvency Service has reported a sharp increase in corporate insolvencies across England and Wales in the second quarter of 2021, with Creditors’ Voluntary Liquidations (CVLs) accounting for a large majority of cases in the period.
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28/07/2021
650,000 UK Companies in ‘Significant Financial Distress’
There were estimated to be around 650,000 companies across the UK in ‘significant financial distress’ during the second quarter of 2021.
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21/05/2021
Debenhams Departs UK High Streets After Liquidation Process
The department store chain Debenhams has closed its last remaining outlets in the UK after completing a process of liquidation.
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24/03/2021
Spike in Insolvencies and Liquidations Forecast for Later This Year
A significant increase in the number of companies facing insolvency and liquidation is being forecast for later this year after the government’s financial support schemes are wound down.
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28/01/2021
Companies in ‘Significant Financial Distress’ Up by 27 Per Cent
The number of companies across the UK in a position of ‘significant financial distress’ increased by 27 per cent year-on-year between the final quarters of 2019 and 2020 respectively.
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