Two directors of failed mobile ‘phone cash-back’ company Phones 2 U Direct.Co.UK Limited have undertaken not to be directors following an investigation by Company Investigations, part of the Insolvency Service. David James Ellis and his wife Angela Ellis of Kent also undertook not to be involved in the management of companies. Mr Ellis was banned for five years while Mrs Ellis received a two-year ban. Read more »

While total number of personal insolvencies falls, rises seen in areas including Birmingham, Middlesbrough and Stirling. The number of personal insolvencies in England and Wales fell to a three-year low in 2011, despite tough economic conditions, official figures show. However, analysis by credit referencing agency Experian suggests that in some regions the number increased. A total of 28,973 individual insolvenc…

John Russell and Chris White of The P&A Partnership have today (February 3) been appointed administrators of Oakworth Joinery Ltd, the UK’s largest independent window and door manufacturer. The business in Keighley, West Yorkshire, employs 170 people and is the town’s second biggest employer. John Russell said: “Our immediate priority is to look at options for the business and we are cons…

Commenting on this morning’s fourth quarter insolvency statistics, Ian Gould – head of Corporate Recovery & Insolvency at PKF (UK) LLP – said: “The most important message coming from today’s figures is that the surge in corporate insolvencies hasn’t hit yet. Although the number of compulsory liquidations and creditors’ voluntary liquidations is the highest since the final q…

Figures published today by the Insolvency Service show that personal insolvencies reached 119,867 - an 11.3% decrease on 2010’s levels. Corporate insolvencies and liquidations are nearly 4% up on 2010 figures (20,999) with the total number of businesses going bust standing at 21,828 for 2011. High Street woes Bev Budsworth, managing director of multi award-winning, The Debt Advisor, commented: “…

Leading business solutions provider Shergroup, which has its headquarters in Braintree, Essex, is expanding its team and moving into new markets. The company, which provides a wide range of services from revenue management, debt recovery, transcription and legal services to evictions, security and training, has set up a new office in the US as part of the expansion of its outsourcing and technology divisions. It…

As the consultation on bankruptcy reforms closed this week, EuroDebt Financial Services, DEMSA member and the leading provider of face to face debt solutions and advice, is urging the Government to cut the cost and time involved in declaring bankruptcy. With the latest individual insolvency figures showing a drop of 5.6% year on year, EuroDebt is warning this could be ‘the calm before the storm’. Vance Pars…

ARINZA STAR HOTELS LIMITED BEN EMILY LIMITED CAMBERWELL ACCIDENT REPAIR SERVICES LIMITED COMPLETE TECHNICAL SERVICES LTD DELUXE RETAIL LIMITED (t/a Madhouse) G & B STEELWORK LTD THE GREAT BRITISH MOBILITY GROUP LIMITED KINGSSWEEDE LIMITED MARKETING SOFTWARE SOLUTIONS LIMITED (formerly Smarteez Limited) MONTPELLIER ENGINEERS LIMITED MONTPELLIER HOLDINGS LIMITED QIRE LIMITED For mor…

Winding up petitions on the following companies were advertised yesterday the 2 February 2012. BELFIELDS LIMITED BUY GOLF GEAR LIMITED C&W ELECTRICAL & MECHANICAL CONTACTORS LIMITED DDL CONSTRUCTION LIMITED DEEAMBI LIMITED ELECTRICAL & MECHANICAL SERVICES (YORKSHIRE) LIMITED FRESH TECHNICAL SERVICES LIMITED PREMIER RECRUITMENT SERVICES LTD TYSELEY ELECTRICAL LIMITED For more in…

New analysis from Experian®, the global information services company, today revealed that although insolvency continues to be most frequent amongst welfare dependent groups, some middle class families saw their share of insolvencies increase in 2011. Meanwhile, the rate of insolvencies amongst young professionals fell over the last 12 months. Demographic insight While figures published today by the Insolve…