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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...

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‘Help to Save’ Scheme is launched

The government has now launched its much delayed 'Help to Save' scheme designed to assist an estimated 3.5 million people on working tax credits or universal credits build up savings by giving them 50p for every £1 they save. The idea behind the scheme is...

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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...

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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...

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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...

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Call our Licensed Insolvency Practitioners

Stephen Hobson – 07979 507954
Lucinda Coleman – 07730 096776
Nick Harris – 07458 064084

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