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UK insolvencies 33% above pre-pandemic levels

The number of company insolvencies in England and Wales jumped by a third compared to pre-pandemic levels in December 2021 The number of registered company insolvencies reported in December 2021…
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The end of UK insolvency restrictions

As the UK government’s temporary restrictions on statutory demands and winding up petitions are phased out, Paul Reeves and Joanne Wright, restructuring advisory at Kroll, recommend a triage approach to…
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Travel sector insolvencies rise 17%

The UK travel industry has seen a 17% rise in insolvencies in the last year despite the industry finally opening-up According to data by the audit, tax, and advisory firm…
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Winding up petitions: what you need to know

Pandemic crisis restrictions are beginning to be lifted but what are the changes and what can you do if a winding-up petition is issued against your business?  Surprisingly corporate insolvencies…
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September insolvencies 56% higher than last year

The number of company insolvencies in September 2021 sat at 1,446 which is 99 more than recorded in August and 56% higher than last year’s figure of 926. The figure…
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End of temporary insolvency measures

Temporary measures brought in to support businesses from insolvency during the pandemic will be phased out from 1 October Companies in financial distress as a result of the pandemic have…
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Insolvency protection extended to April 2022 due to pandemic

The government has given businesses much-needed breathing space with extension of insolvency measures under the Corporate Insolvency and Governance Act to relieve pressure on businesses dealing with coronavirus. The government…
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