Insolvency News - Financial News https://www.financial-news.co.uk/business/insolvency/ Reliable, up-to-date source for financial news distribution and PR. Find the latest news on insurance, banking, property and mortgages and more. Wed, 11 Jun 2025 05:44:17 +0000 en-GB hourly 1 https://wordpress.org/?v=6.9 https://www.financial-news.co.uk/wp-content/uploads/2024/10/cropped-fav-32x32.png Insolvency News - Financial News https://www.financial-news.co.uk/business/insolvency/ 32 32 Understanding the Pros and Cons of Creditors Voluntary Liquidation https://www.financial-news.co.uk/understanding-the-pros-and-cons-of-creditors-voluntary-liquidation/ Wed, 11 Jun 2025 05:44:15 +0000 https://www.financial-news.co.uk/?p=163369 When a business faces insurmountable financial difficulties, directors have to consider all the various options available to them so that they can be seen to be addressing the situation responsibly. Failure to do so could lead to issues, these possibly resulting in Director Disqualification or other legal consequences. Taking the path of a Creditors Voluntary [...]

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]]> 163369 Samantha Fairweather Banned as a Director for Uncompleted Work Worth Over £300,000 https://www.financial-news.co.uk/director-banned-for-uncompleted-work-worth-over-300000/ Wed, 23 Oct 2024 22:28:24 +0000 https://www.financial-news.co.uk/?p=127483 In a recent development, Samantha Fairweather, the former director of an Essex construction company, has been banned from directorship for eight years due to unfulfilled contracts worth in excess of £300,000. Fairweather Construction Ltd, under her sole leadership, faced liquidation, leaving behind substantial financial liabilities. The company failed to honour several contracts, collecting significant deposits [...]

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]]> 127483 Begbies Traynor appointed as Liquidators of Kettle Home Ltd, leading to staff redundancies https://www.financial-news.co.uk/begbies-traynor-appointed-as-liquidators-of-kettle-home-ltd-leading-to-staff-redundancies/ Sun, 20 Oct 2024 06:30:00 +0000 https://www.financial-news.co.uk/?p=115642 Significant developments have been reported concerning the Corby-based wholesale furniture company, Kettle Home Ltd. All employees, numbering 80, have been made redundant due to insolvency issues. Begbies Traynor has stepped in, appointing Kevin Mapstone and Yiannis Koumettou as joint liquidators. The liquidation marks a critical turn for Kettle Home Ltd amidst increasing financial distress in [...]

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]]> 115642 PKF Littlejohn appointed as liquidator for Big Help Project https://www.financial-news.co.uk/pkf-littlejohn-assigned-as-liquidator-for-big-help-project/ Sun, 20 Oct 2024 05:30:00 +0000 https://www.financial-news.co.uk/?p=115636 PKF Littlejohn has been appointed as the liquidator for Big Help Project Limited, attracting significant attention due to ongoing investigations. This decision comes after concerns were raised about the financial management within the organisation. The Charity Commission has launched an inquiry into the operations of the charity. PKF Littlejohn’s Stratford Hamilton and James Sleight will [...]

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]]> 115636 Lindsey Cooper joins Armstrong Watson as Restructuring and Insolvency Partner https://www.financial-news.co.uk/lindsey-cooper-joins-armstrong-watson-as-restructuring-and-insolvency-partner/ Sun, 20 Oct 2024 01:39:54 +0000 https://www.financial-news.co.uk/?p=115653 Armstrong Watson has appointed Lindsey Cooper as a restructuring and insolvency partner, reinforcing their regional presence. Lindsey Cooper brings over 30 years of experience and was a prominent partner at RSM, leading their restructuring efforts in the Northwest. She will collaborate with Steve Preston to bolster Armstrong Watson’s growth and service expansion in Manchester. Her [...]

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]]> 115653 Registered Company Insolvencies Rise in September 2024 https://www.financial-news.co.uk/registered-company-insolvencies-rise-in-september-2024/ Sun, 20 Oct 2024 01:31:51 +0000 https://www.financial-news.co.uk/?p=115628 In September 2024, the number of registered company insolvencies in England and Wales climbed to 1,973, marking a 2% increase from August. This figure reflects a complex financial landscape where compulsory liquidations and voluntary arrangements signal significant distress among businesses. In such challenging times, consulting an experienced insolvency practitioner becomes crucial to navigate these risks [...]

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]]> 115628 Increase in Financial Distress Among UK Businesses in Q3 https://www.financial-news.co.uk/increase-in-financial-distress-among-uk-businesses-in-q3/ Sun, 20 Oct 2024 01:31:40 +0000 https://www.financial-news.co.uk/?p=115626 Recent reports indicate a significant rise in financial distress among UK businesses, stressing economic challenges across various sectors. According to Begbies Traynor’s Red Flag Alert for Q3 2024, the number of UK businesses in significant financial distress has risen by 32.3% compared to the same quarter last year. Out of the 22 sectors analysed, 21 [...]

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]]> 115626 Quantuma Plans Major Birmingham Office Expansion https://www.financial-news.co.uk/quantuma-plans-major-birmingham-office-expansion/ Sun, 20 Oct 2024 01:31:08 +0000 https://www.financial-news.co.uk/?p=115624 Quantuma has unveiled plans for a significant expansion of its Birmingham office, reflecting their overall growth trajectory. The firm plans to relocate to central Birmingham to accommodate this expansion and foster a more dynamic work environment. This move is indicative of Quantuma’s ongoing growth and its strategic efforts to enhance its workplace offering. By expanding [...]

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]]> 115624 Quantuma Takes Charge as Administrators of UK Law Firm Armstrong Teasdale Ltd https://www.financial-news.co.uk/quantuma-takes-charge-as-administrators-of-uk-law-firm-armstrong-teasdale-ltd/ Mon, 07 Oct 2024 11:08:44 +0000 https://www.financial-news.co.uk/?p=116646 The UK branch of US-based Armstrong Teasdale LLP has entered administration under Quantuma. The legal firm, Armstrong Teasdale Ltd, is experiencing significant organisational changes. Administrators have been tasked with dealing with the firm’s financial matters. Certain staff members have been retained to assist during the administration process. The legal and business implications of these changes [...]

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]]> 116646 High Court Ruling Upholds Freezing Injunction Against Luke Sparkes, Zeno Fine Art Ltd, in £13.8 Million Art Fraud Case https://www.financial-news.co.uk/high-court-ruling-upholds-freezing-injunction-against-luke-sparkes-zeno-fine-art-ltd-in-13-8-million-art-fraud-case/ Sun, 06 Oct 2024 22:34:00 +0000 https://www.financial-news.co.uk/?p=97918 In a landmark ruling handed down by the High Court, the freezing injunctions against Luke Sparkes, Zeno Fine Art Ltd, have been upheld following extensive litigation involving over 20 lever-arch files of evidence. The case, Smith & Partner Ltd (In Liquidation) v Sparkes & Others [2024] EWHC 2518 (Ch), has brought attention to fraudulent activities [...]

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