The Insolvency Service
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Sep- 2023 -15 SeptemberEconomy
Insolvencies climb 19% year-on-year in August
The number of registered company insolvencies in August increased by 19% to 2,308 from 1,941 in the same month in…
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Jul- 2023 -11 JulyHMRC
New information hub launched by The Insolvency Service
The Insolvency Service announced the launch of a new online information hub to support company directors. The hub hosts guidance…
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4 JulyAccounting Standards
The Insolvency Service issues first reprimand to the ICAEW
The Insolvency Service has issued a reprimand – the first time such powers have been used – against the ICAEW…
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May- 2023 -15 MayBusiness Regulation
Investigations into insolvent company directors up 36% in 2022
Investigations launched by The Insolvency Service into directors of insolvent companies for alleged misconduct rose by 36% from an average…
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Apr- 2023 -18 AprilCorporate Finance
Company insolvencies rise 16% in March
The number of registered company insolvencies in March 2023 was 2,457, 16% higher than in the same month in the…
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Sep- 2022 -7 SeptemberAccounting Standards
Creditor bankruptcy and liquidation petition deposits to rise
The Insolvency Service has introduced changes to the deposits paid to initiate creditor bankruptcies and compulsory liquidations. The petition deposit,…
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May- 2022 -3 MayBusiness
Personal Insolvencies reach three year high
The first quarter of 2022 (Q1) saw the number of individuals entering a personal insolvency procedure reach their highest total…
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Sep- 2021 -22 SeptemberCrime
Bankrupt man sentenced for falsely claiming to have burnt £50,000
The Insolvency Service has revealed that a bankrupt man who falsely claimed to the Official Receiver that he had burnt…
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Aug- 2021 -24 AugustCrime
Scaffolder’s bankruptcy restrictions extended for 10-years
The Insolvency Service has extended the bankruptcy restrictions for scaffolder Lee Thomas Hobson for 10 years after he secured a…
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20 AugustCorporate Governance
Magna Group mini-bond companies shut down over mis-selling
The High Court has wound up seven companies after an investigation found that their marketing of high-risk mini-bonds was “misleading”…
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