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 […]

The joint liquidators of Y H Training Services Limited – in liquidation offer for sale; Double Office Block at 37-39 Falgrave Road, Scarborough, YO12 5EA May suit residential conversion STP Grade 2 listed building Any enquiries to Joe Walker at CPH Commercial T: 01723 352 235 For more information on bankruptcy, liquidation, administration and all […]

The number of company insolvencies are on the rise, increasing by 17% from the previous quarter and also rising by 43% from Q3 in 2020. The number of Creditors’ Voluntary Liquidations is at its highest quarterly level since 2009, however, other company insolvency procedures seem to remain at the same or similar level since the […]

We have certainly noticed a significant drop in temperature over the last couple of weeks, so why not beat the frost this winter with our limited addition RNB Ice Scrapers! Jess has been road testing this fantastic product for release within our weekly newsletter; here is her testimonial: ‘It does the job.’ – Jessica Taylor, […]

The figures for the number of corporate insolvencies in the third quarter of 2021 show a small decrease in business failing in that period.  This is despite all the headlines in the news about supply chain issues and fuel cost rises.  Whilst this is encouraging news, we believe that it is too early to say […]