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Insolvency and Administration

Covid effect causes year-on-year rise in South West insolvencies
Insolvency and Administration
Number of companies in trouble declined from June to July 2021 but figures are still higher than for same period in 2020
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Swindon bosses sentenced for running companies while banned
Insolvency and Administration
The trio were investigated by the government's Insolvency Service and were then prosecuted at Swindon Crown Court
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Construction work to restart at £13m Plymouth apartment block hit by Pollard liquidation
Construction
Family-run Brady Construction Services to begin work to finish off eight-storey Teesra House
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South West insolvencies and 'zombie businesses' warning despite unlocking boost
Insolvency and Administration
Begbies Traynor's latest report has found a quarterly drop in the number of firms in financial distress
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Zombie businesses threaten recovery - but pent up consumer demand pulling some firms out of harm’s way
Enterprise
Some good news as number of businesses in “significant” financial distress looks to be receding
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Jobs in doubt as historic North East firm Cleveland Bridge goes into administration
Insolvency and Administration
More than 300 direct and contract jobs are at risk after the firm was hit by delays in major construction projects during the pandemic
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Midlands insolvencies drop despite pandemic
Insolvency and Administration
New research says government support packages and helpful lending community are keeping companies trading
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Restaurant brothers banned after 'concealing earnings' – leaving taxpayer £566k out of pocket
HMRC
'It was obvious that cash and sales records were going missing'
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Creditors' meeting called to appoint liquidator for South West construction firm Pollard
Insolvency and Administration
Henry W Pollard and Sons Ltd has ceased trading after 161 years and will now go into liquidation
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Profits up at property investment business Custodian REIT despite fall in demand for shop units
property news
Impact of pandemic has accelerated decline in high street retail, pushing more occupiers into insolvency
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Leicester company boss banned for multi-million pound tax avoidance scheme, says Insolvency Service
Insolvency and Administration
“Investigators could not establish genuine company expenses from almost £37 million that had left the company account”, regulator says
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Amigo Loans facing insolvency after rescue plan rejected by high court
Insolvency and Administration
The lender has been facing financial difficulties after being ordered to make compensation payments to customers
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Bristol social club falls into administration and is put up for sale for £1m
Insolvency and Administration
The building and site are now 'under offer'
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Paul John Construction (Leicester), one of Leicestershire’s biggest building companies, goes bust
Insolvency and Administration
Business was badly hit by the pandemic, as housebuilding schemes were put on hold, and had to negotiate pay cuts for staff
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Gloucestershire hotel to reopen after collapsing into administration
Insolvency and Administration
The 39-bedroom venue fell into administration in May 2020 but it has now come under new ownership
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Graham Mulholland says Legend 480 supercar plans still on – despite his company going under with 45 job losses
Insolvency and Administration
Firm linked to the sports car is in administration, but the man behind the project says it still has a future
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Escalating levels of distress raise red flags on the Humber as pandemic continues to bite
Economic Development
Financial woes are mounting for many despite support measures in play
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Coppice Hotel Torquay and Eton House Yeovil among 10 properties sold off following Carlauren Group collapse
Deals
But no jobs were saved as part of the deal
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14,000 North East businesses are in distress as firms continue to struggle
Economy
Experts say that Government measures have delayed the number of insolvencies but firms are still struggling
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Utility Alliance owed more than £4m when it entered administration
Insolvency and Administration
The administrator's report has revealed the series of events that led to the collapse of North East Energy brokerage Utility Alliance
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Struggling firms handed lifeline as Government extends Covid insolvency rules
Insolvency and Administration
The Corporate Insolvency and Governance Act has been designed to help businesses survive during the pandemic
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Holiday operator Travel Day collapses into administration
Insolvency and Administration
The company specialises in arranging travel to long-haul destinations such as the Caribbean and US
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Owner of Best Western Plus Centurion Hotel collapses into administration amid 'extremely challenging' conditions
Insolvency and Administration
The business, which has an annual turnover of around £3.5m and 65 employees, has appointed Mazars as administrators
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Owners of exotic animal business say they are on brink of life-or-death decision after a year of lockdown
Coronavirus
The Party Animals has had limited government support and now facing touch decisions about the 200 animals
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