News
MFS administrator firm reshapes team as case progresses
The court-approved resignation occurred less than a month after his appointment as one of several joint administrators.
Insolvency
Opinion
How to ensure a successful pre-pack administration
Lawrence Wood, group head of credit and risk at Ultimate Finance, discusses the opportunities presented by pre-pack funding.
Lead Story
Insolvency data for April provides “more grim reading”, say brokers
Over 9,651 individuals entered insolvency in England & Wales throughout April 2024.
Featured
Number of monthly company insolvencies falls by 17% in March
However, numbers of company insolvencies remained much higher than those seen both during the COVID-19 pandemic and between 2014 and 2019.
Lead Story
Total number of individual and company insolvencies rise in February, data reveals
The number of registered company insolvencies in February 2024 was 2,102, 17% higher than in the same month in the previous year.
Featured
Company insolvencies hit highest level since 1993
In 2023, there were 25,158 registered company insolvencies, comprising 20,577 creditors’ voluntary liquidations (CVLs).
Lead Story
Company insolvencies see annual rise of 21%
Approximately 2,466 companies registered for insolvency throughout November.
News
Increase in company insolvencies and Debt Relief Orders in October 2023
In October 2023, registered company insolvencies were 18% higher compared to the same month in the previous year.
News
Q3 sees decline in individual insolvencies, data has revealed
The number of debt relief orders (DROs) was the highest quarterly number since their introduction in 2009.
News
UK business insolvencies soar, raising economic concerns
According to the Insolvency Service, there were over 6,700 business insolvencies in Q2 2023.
Business Finance
Business insolvency fears decline, but funding challenges persist: Evelyn Partners study
The study revealed that in the next six months, only 12% of the total capital that UK businesses aim to raise will be sourced from traditional banks.