Directors ordered to pay £1m for defending hopeless insolvency petition
July 16th 2025
Two company directors have been ordered to personally pay the costs of a creditors’ petition to wind up their firm, after the High Court found they pursued a speculative and self-interested defence they did not believe in. Carly Davies, our Debt Control Manager, reports on this recent case. Mrs Justice Joanna Smith…
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Directors banned for accepting orders that could not be fulfilled
March 31st 2025
A husband-and-wife team have been banned from being directors after their struggling furniture company accepted orders from customers that could not be fulfilled. Carly Davies, our Debt Control Manager, reports. George and Williamina Hay were directors of DWH Trading Ltd, which sold adjustable beds and chairs, mostly to elderly and vulnerable customers.…
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Company insolvencies higher now than during Covid pandemic
September 9th 2024
The number of company insolvencies in July was higher than any month during the Covid pandemic, according to the latest figures from the Insolvency Service. Carly Davies, our Debt Control Manager provides an update. After seasonal adjustment, the number of registered company insolvencies in England and Wales in July 2024 was 2,191.…
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Corporate insolvencies increase by more than 60% in two years
January 3rd 2024
The number of corporate insolvencies has increased by more than 60% over the last two years, according to the latest figures from the Insolvency Service. Carly Davies, our Debt Control Manager provides an update. They increased by 17.6% in October 2023 to a total of 2,315 compared to September’s total of 1,969,…
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