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…
Recent data highlight the persistent high insolvency rates in the construction sector, exceeding other industries significantly.Data released by the Insolvency Service shows construction leads in business…
Nearly half of all new haulage companies formed since 2019 have closed or become insolvent, revealing significant challenges in the sector.The data indicates 49.2% of newly…
An award-winning Indian restaurant, iNaga, located in West Wickham, has faced serious legal and financial repercussions after employing illegal workers. The restaurant’s former director, Mohammed Miah,…
Amid rising financial challenges, directors are cautioned about deceptive ‘corporate rescue’ schemes that have recently been dismantled by the Insolvency Service. Many haulage directors have been…
In light of ISG’s recent financial collapse, government intervention is underway to support affected employees.The Insolvency Service has outlined eligibility for redundancy compensation for former ISG…
The financial landscape in England and Wales observed a notable shift in August, as company insolvencies saw a substantial decline. Insolvency figures decreased by 9% from…
A law firm, acquired by an accountant, embarks on a campaign to assist directors embroiled in Bounce Back Loan disputes.Complex Law aims to grow its Bounce…
The construction sector shows signs of recovery with a decrease in insolvency rates, although challenges persist.Official data reveals 4,303 construction firms went insolvent in the year…
In the past year, UK company insolvencies have exceeded those recorded during the 2008-09 financial crisis, signalling significant stress among businesses.Data from the Insolvency Service reveals…
