UK debt collections
FEBRUARY 19, 2022
A Construction Boss from West Midlands has been disqualified following investigations by the Insolvency service. They traded as MJS Interiors and were based in the West Midlands. The company began to struggle and by late 2020 had ceased trading. There was also an absence of information on how much any creditors were owed.
UK debt collections
JANUARY 26, 2024
ReSolve partner Chris Farrington said: “It is unfortunate to see a business with a strong trading history and a portfolio of superb construction projects completed over the course of many years, encounter the difficulties experienced by Kenham Building. “It Our work will now be focused on ensuring the best outcome for all stakeholders.”
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UK debt collections
MAY 31, 2024
The total number of registered business insolvencies for the month reached 2,177, comprising 300 compulsory liquidations , 1,715 creditors’ voluntary liquidations (CVLs), 144 administrations, and 18 company voluntary arrangements (CVAs). England and Wales witnessed a significant rise in company insolvencies, marking an 18.4%
UK debt collections
JUNE 26, 2023
Data from the Insolvency Service yesterday showed that 2,552 companies were declared insolvent last month, overwhelmingly through creditors’ voluntary liquidations, in which a company’s directors agree to wind up the business without a formal court order.
True Accord
MARCH 21, 2023
But what will that mean for lenders and creditors? since 2020, while open trade lines decreased by 7.7% As consumers battle high inflation and interest rates to afford necessities, budgets will be stretched and many will have to prioritize when and where they spend.
UK debt collections
JUNE 16, 2021
The company acted as a broker for waste management services within the construction industry. Despite creditor concerns, Kathleen Shepherd assured creditors that outstanding invoices would be paid. This in turn caused the creditors to delay Commercial Debt Collection and enforcement action.
Hudson Weir
FEBRUARY 28, 2023
Those the business owes money to are known as creditors. In this blog, let’s look at which creditors are paid first if the organisation ultimately becomes insolvent and its assets are sold to repay the balance due (a winding-up or liquidation). Secured creditors include leasing companies and banks.
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