Quarter 3 Insolvency Statistics

Quarter 3 Insolvency Statistics

First signs of trouble for business? The Insolvency statistics for the quarter to the end of September 2018 have just been released. As far as companies are concerned there is a noticeable upward trend: company insolvencies are up nearly 9% on the previous quarter and...

Homebase adds to High Street Woes

Homebase, the loss making DIY retailer hit by the housing market slowdown has added its name to the list of major multi-site retailers that needs to restructure its business using the controversial Company Voluntary Arrangement (CVA) procedure. Homebase was bought for...

Is Katie Price joining the ranks of IVA users?

Recent statistics show a record number of people becoming insolvent and proposing an Individual Voluntary Arrangement (IVA) to their creditors and it looks as though Katie Price is being forced by creditor pressure to join their ranks. From press reports it appears...
Company Insolvency levels Q2 2018

Company Insolvency levels Q2 2018

The recent statistics for personal insolvency rates showed a notable upturn in formal insolvency – an increase of 4.4% on the previous quarter and a striking 27.3% compared to Q2 2017. But what about companies?  Here the picture is mixed: down 12.4% on the previous...

Bad Debt Getting Worse

New figures show that during 2015 around 113,000 UK businesses were owed money by customers or suppliers who entered formal insolvency, which is around 6% of businesses. The hard truth is that if a supplier is not paid upon delivery but it pays its own supplies...

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