News Centre

Personal Insolvencies fall in Q3 from record high

The Insolvency Service released it’s latest quarterly statistics on 30 October 2018 and the headline is that total individual insolvencies in Q3 2018 were 10.5 percent lower than in the previous quarter and 2.5 percent lower than in the same quarter the previous year.

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HMRC to be preferred creditor in insolvencies

Following the latest budget on 29 October 2018, one of the lesser publicised announcements is that HMRC will become a preferred creditor in UK insolvencies from April 2020

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Company insolvencies surge in third quarter of 2018

Company insolvencies surged by nearly 20% in the third quarter of 2018 when compared to the same period a year ago, new figures show.

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Mounting financial pressures hit the retail and restaurant sectors

High street behemoth Debenhams has announced plans to shut up to 50 stores, and while the firm’s chief executive has insisted the business remains profitable, it is reflective of growing pressure on high street retailers.

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FSB says Brexit uncertainty is harming small firms

Small firms could face significant difficulties in the wake of Brexit uncertainty, according to the Federation of Small Businesses.

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