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Latest Insolvency Related News

Government Promises Tough Action Against Directors ‘Recklessly Profiting’ From Company Dissolutions
The government has taken steps to strengthen the powers of the Insolvency Service when it comes to cases of improper conduct during company dissolutions.
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Buyers Sought for Scottish Bakery Business Entered into Liquidation
A Scottish bakery business employing several hundred people in various parts of the country has been entered into liquidation after succumbing to the effects of an ongoing cash flow crisis.
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Economic Growth Clocked at Sluggish 0.3% in Second Quarter
The UK’s overall gross domestic product (GDP) grew by just 0.3 per cent during the second three-month period of the year, according to official data on the subject.
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North Sea Oil and Gas Firm Xcite Energy Heading for Liquidation
An energy company headquartered in Surrey but whose operations are focussed on activities in the North Sea off the coast of Scotland looks to be heading towards liquidation.
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Derby Fireplace Company Enters Voluntary Liquidation
The Derby Fireplace Company, whose name neatly outlines the nature of its business, has entered liquidation on a voluntary basis having struggled to achieve profitability over the course of recent months and quarters.
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Ambulance Service Subcontractor Heads into Liquidation
A provider of ambulance and patient transfer services in the county of Sussex in southern England has been forced into liquidation.
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Wine Bar Company Enters Liquidation After Liquid Nitrogen Cocktail Disaster
A company that owned a wine bar in Lancaster which served a young woman a potentially lethal liquid nitrogen cocktail has entered liquidation and been put out of business.
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UK’s Solvent Liquidation Rates ‘Reached Record High in March’
The rate at which solvent companies were being entered into liquidation across the UK reached an unprecedented high during March 2016, according to the latest figures on the subject.
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