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Tag: insolvency

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Insolvent Liquidation

Insolvencies jump in 2023

Last year saw a surge in corporate insolvencies across England and Wales, with the Insolvency Service documenting a total of 25,158 cases, marking the most recorded since 1993. The breakdown of these figures reveals 20,577 instances of voluntary liquidations – a 9% increase from the previous year and the highest figure since 1960 – along […]

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By Rick Lees

starting a new company after liquidation
Insolvency Law

Can I Start a New Company after Liquidation?

Directors often ask if they are allowed to start another company having previously had a business which entered into liquidation, or another insolvency procedure.  This article explores the options and potential pitfalls in such a situation. In general terms there is nothing to stop a director from becoming, or continuing to be, a director of […]

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By Robin Tarling

insolvency declined in 2020
Debt Statistics

Company Insolvency Statistics for July 2020 show a continued Decline

Since the start of the Coronavirus crisis, the Insolvency Service has been issuing monthly statistics in addition to the usual quarterly reports in order to provide more timely indicators of the impact that COVID-19 is having on insolvencies.  Company Insolvencies in July In July 2020 there were 955 company insolvencies in England & Wales, broken […]

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By Robin Tarling

businesses in financial distress
COVID-19 Debt Statistics

COVID-19 is causing significant financial distress for business – so why are Company Insolvencies so low?

Since the start of the Coronavirus crisis, the Insolvency Service has been issuing monthly statistics in addition to the usual quarterly reports, in order to provide more timely indicators of the impact that COVID-19 is having on insolvencies.  Whilst the numbers are presented as “provisional” they nevertheless indicate some surprising trends and in this article […]

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By Robin Tarling

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