0844 997 0325
advice@kmc-consulting.co.uk
- Accountancy & Book-keeping
- Business Planning
- Taxation & VAT
- Personal Tax
- Company Tax
- VAT
- Insolvency & Debt
- Corporate Solutions
- Personal Solutions
- LPA Receivership
- Debt Recovery & Collection
- Recovery Solutions for Professionals
- Director Disqualification
- Director Disqualification Services
- Director Disqualification Case Law
- Forensic & Investigation
Latest Newsletters
Directors of a debt advice firm in Keighley disqualified for 6 years
Read all the top tax news from December 2012 including about how the government are considering £1.8bn raid on tax relief
Latest News & Events
Good News for Consumers who for pay for advice on managing their debts. A New Debt Management Plan protocol will seek to ensure that consumers will not be charged any fees before…
Director Disqualification - Rental Company. Daniel Richard Maurice McCarthy, the director of Jupita Ltd, a rental company based in the Wirral, has been disqualified as a director…
News & Events
14 Dec 2011 16:50
Latest Slowdown Sees Company Insolvencies Jump
The number of English and Welsh companies going bust was 4.4 per cent higher in the second quarter than a year earlier, as firms struggled to compete in the current economic climate.
The latest statistics released by the Insolvency Service showed that 4,233 companies had been put into liquidation between April and June. One expert said the number would increase in the second half of the year.
The biggest rise was in compulsory liquidations, up 11.1 per cent on July 2011 to 1,290, while creditors’ voluntary liquidations were up 1.7 per cent to 2,943 in the same period.
Brian Johnson, an insolvency partner at chartered accountants HW Fisher, said the spike in compulsory liquidations “reflects the more aggressive stance of the Revenue,” adding: “We expect activity to really pick up speed during the second half.”
There was better news in the statistics covering individual insolvencies, which fell 12.2 per cent to 30,513 in England and Wales during the second quarter of 2011.
Originally sourced from The Independent - www.independent.co.uk
Read More News
HM Revenue and Customs has saved about £126m by introducing online filing of tax returns, but it needs a better understanding of the costs and benefits of the project to inform future…
Leader of Brentwood’s Liberal Democrats, Cllr David Kendall, has called for the resignation of a senior member of Brentwood Council’s Tory administration after the council failed to…
Limited liability is not complete protection for directors and they must carefully consider their actions and, indeed, failures to act in order to avoid “piercing the corporate veil”.…
Bankrupt clients from Ireland have used a Leicester solicitor and UK courts to wipe out more than €1bn debts taken out in the republicplus read Thatchers seven steps for Irish…
A director has been disqualified for 15 years for property scam, report the Insolvency Service. A director of Maple Grow Limited, Mahmood Anwar Yaqub, has been disqualified from being a company…
Almost 300,000 businesses failed last year, according to a new report by the Office of National Statistics.
No more nodding NEDs (Non Executive Directors) - FSA to make non-execs consumer champions
Following action taken by the director of the Serious Fraud Office (SFO) in the High Court, an order has been made for Mabey Engineering (Holdings) Ltd to pay more than £130,000 in…
National money education charity Credit Action today revealed that one person is declared insolvent or bankrupt every 60 seconds during the working week.
Fewer people were declared insolvent in 2011 in England and Wales than during the previous year, but the number of companies going bust increased.
Director Disqualification and Farepak. Business secretary Vince Cable has stepped up the pressure on HBOS to boost the coffers of the Farepak compensation fund, after the bank was rebuked for…
Director Disqualification - Rental Company. Daniel Richard Maurice McCarthy, the director of Jupita Ltd, a rental company based in the Wirral, has been disqualified as a director for eight…
Good News for Consumers who for pay for advice on managing their debts. A New Debt Management Plan protocol will seek to ensure that consumers will not be charged any fees before signing a…