A potential £250m legal claim against KPMG has been issued by the liquidators of collapsed construction giant, Carillion; full details of this legal claim are expected by the end of the year. Carillion collapsed in January 2018 with £7 bn in liabilities and 3,000 staff redundancies as consequence. KPMG has been accused by the Official […]

The elves at Redman Nichols Butler have been working hard to compile a nice list for Santa Claus this Christmas. Santa Claus will be sending out some chocolate coins alongside a special personalised letter! If you would like one of these, please let us know, and we will send one out in time for Christmas. […]

Michael Lee Livesey and Ross Perry, directors of Global Water Group Ltd, have been disqualified from acting as a director for 11 years. Their company scammed over £800,000 from investors. The company promised investors that it was “a high level network of investors in, and advisers on, issues related to water supply whose members include […]

A claim has been filed with the Hight Court by administrators against failed televsion broadcaster, Arena Television. The former directors, Robert Hopkinson, Richard Yeowart and another former director, are being sued by the administrators for breach of fiduciary duty amid various allegations of fraud. Arena Television’s collapse was initiated when an auditor acting on behalf […]

Members’ Voluntary Liquidations starting from £895 + Disbursements + VAT Enquire Now!!! For more information on bankruptcy, liquidation, administration and all the other insolvency procedures, or should you or your company be facing financial difficulties and you need to chat, please telephone Charlotte Hutchinson on 01377 257788 and she will make you an appointment with […]

The taxpayer (Mrs B) had a company supplying management services to actors, however the company was placed into liquidation following demands from HMRC to repay tax arrears amounting over £125,000.  The key issue to address within this case is the disputed director’s loan account (DLA) in excess of £250,000. The Liquidator applied to court to […]

The number of corporate insolvencies has risen by 63.6%, from 864 in October of last year, up to 1,405 in October 2021. This figure is a 3% decrease from September’s total of 1,449, however the number of corporate insolvencies has seemingly nearly doubled within a year and nearly 20% higher than of those within the […]

Director, Muneef Ihsan has been banned from acting as a director for 13 years after fraudulently obtaining £150,000 worth of Covid-19 financial assistance. Ihsan was director of three companies between 2019 and 2020, Porthart Ltd, Bargain Basement 90 Ltd and Bargains Basement 90 Ltd which were all placed into liquidation in September 2020. It was […]

By Order of the Lord Ordinary, Rashid Munir, also known as Mohammed Rashid Munir, has been disqualified as a director for a period of 8 years for failure to co-operate with enquiries from the Liquidator and the Insolvency Service subsequently. Munir, director of Yo Retail Ltd, failed to provide company accounting records after the business […]

The Insolvency Service is taking an increasingly firm stance on directors committing fraud, with 122 convictions in the year up to 30 September 2021; this is up from 40 for the same period last year. This shows a 205% increase in convictions alone, with a further 87% increase in the number of directors now facing […]