Hundreds of small businesses hit by huge bills from company ‘linked to a scam’

Media company goes bust - but the bills keep coming for its customers

Surprise update on disgraced businessman who left a trail of debts

Year closes on rogue businessman who went on trading after ban by Insolvency Service

 

 

 

Looking back - looking forward

Season's Greetings from ICSM Credit

Picking up the pieces after the collapse of Simons Group

Ian Carrotte of ICSM Credit said leaving creditors and staff unpaid was 'a mess'

The Book People folds just days before Christmas

Online firms like Amazon blamed for demise of book company

Company collapses – put a SOX in it and make directors accountable

President George W. Bush signs the Sarbanes Oxley Act of 2002 PHOTO DOUG MILLS ASSOCIATED PRESS

Calls for a UK Sarbanes-Oxley law to end the scandal of botched audits

County Court Judgements signalled the end of transport company

Loss of high margin work led to haulage firm's collapse

Mystery surrounds reasons for insolvent firm

The 'complex chain of events' prior to company's insolvency

Customers and creditors left high and dry as energy firms crash

Customers of defunct energy firms handed hefty 'phantom' bills

Troubled camera store enters administration

Reports of rejected CVA puts 500 jobs at risk as Jessops hits the rocks (again)

SMEs benefit from females helping to run firms

Mixed gender boardrooms have fewer insolvencies

Eddie Stobart saved by Isle of Man asset management firm

Last minute deal prevents famous haulage firm falling into administration

ICSM

ICSM Credit's December Newsletter is now out online or as a pdf 

Carillion liquidator recovers £510m (but take £53m in fees)

Massive spike in legal disputes in the construction industry following Carillion's liquidation

When Farepak went bust before Christmas 2006 and thousands lost out

Recalling Farepak, its 150,000 customers and Myleene Klass’s bikini

Deal between administrators and Scottish Government at shipyard

Officials write off £50m in Government loans to secure shipyard's future

The trials and tribulations of haulage outfit in administration

Haulage firm blames another transport company it wanted to buy for its problems

Haulage empire collapses as 66 employees lose jobs ahead of Christmas

CVA fails to save part of the Ipswich based company

Print Week reports on the demise WM Printing Solutions

WM printing in Cannock placed in liquidation 

Pre-pack deals

Only a quarter of pre-packs get reviewed by 'toothless' scrutiny body

Banknote print firm De La Rue fears for its future

CEO Clive Vacher announces 'turn around' plan as shares plummet

The NHS is liquidated – that’s the National Hemp Service

Tom Corbyn's National Hemp Service goes bust (and yes his dad is the Labour leader)

 

More jobs likely to go at ailing retail outfit

DCI-Artform could ‘exit’ the business as sales dry up

Chinese firm buys British Steel after it went into administration

Administrators find buyer for British Steel - who is 4,831 miles away

Jump Design & Print jumps in to buy defunct printer’s order book (but not the staff)

End of the road for Automedia as administrators sell off their order book 

Insolvency Service to investigate college that went bust owing £40m

Furious suppliers left with long list of unpaid invoices

Supermarket haulage firm goes into administration

Shock as Corporate Road Solutions 24:7 comes to an end with 70 jobs lost

Alarming rise in business owners running away from their debts

Chasing up the mystery of the disappearing business owners

Pre-pack deal for Mamas and Papas

Mamas & Papas's owners buy back stores in pre-pack

Creditors only get 10p in the pound after haulage firm collapses

M&J Haulage: bank and preferred creditors get paid but everyone else takes a massive 90% loss on unpaid invoices 

Print and paper industry to take a hit if greeting card giant collapses

A CVA could save Clintons from disappearing

High street casualties in 2019: the list keeps growing

I’m a high street store – get me out of here - I’m going bust

DHL pledges to work with Mothercare

Mum's the word: Mothercare's administrators are working to honour existing orders with DHL

Walstead Southernprint set to close due to decline in orders

Declining volumes of magazine printing will see former Newsquest plant shut

Trouble in the casual dining sector as restaurants close in record numbers

That wasn’t on the menu: restaurant insolvencies surge by 25%

Boss of bogus law firm banned by the High Court (for the second time)

If you thought law firms were on the straight and narrow think again: this is a shocker

Insolvency Service reports on Q3 - and it

Companies going into administration hits five year high

Massacre on the High Street continues as Mothercare goes down

Another big name bites the dust - but when will it end?

BBC: Thomas Cook brand sold for £11m

Out of the ashes: Thomas Cook brand sold to Club Med

Read it now for free online: ICSM Credit News in magazine format

Read it now for free online: ICSM Credit News in magazine format

Defunct truck hire firm’s employees awarded compensation by employment tribunal

Gulliver’s Truck Hire workers have their day in court following firm’s collapse

Another one bites the dust: KJB Printing calls in the administrators

Cannock print company hits the rocks as administrators are called in

Blood bath of firms crashing continues as business cries out for stability

Ian Carrotte of ICSM Credit

Joining ICSM Credit protects firms from the cold winds of the economy

Why do debtors ignore warnings?

Do directors stick their head in the sand in the hope their troubles will disappear?

Construction industry had highest number of insolvencies in the UK

The Gazette: last five years have seen construction industry worst hit by insolvencies 

Paul Carrote on remaining solvent in troubled times

Paul Carrotte gives his top tips on remaining solvent in troubled times

Prevent bad debts - ICSM Credit

Print Week article on how ICSM Credit advises British industry to stay out of trouble

Shock at level of debt of Bradley Group firms

Bradley Group firms owed millions 

Events firm crashes leaving workers and creditors unpaid

Creditors left high and dry as Shakespeare's Rose Theatre shuts its doors

Trouble at Biggin Hill as award-winning company calls in administrators

Odessa printing founders with administrators called in

BBC story raises questions over EY

Accountants under the spotlight over the bonuses paid to Thomas Cook bosses

'Mission from the heart' fails to save historic print firm

 

Print Week report on a rescue deal that failed due one small technicality

Shock as paper merchant Aspenlink goes into administration

Who will crash next? Fears grow as paper industry sees another big name fall

From High Street to Back Street: the bigger they come the harder they fall

They keep on crashing: is it Brexit, the economy or something far worse - debt?

Latimer Trend hits the dust after 130 years of business

Print Week reports on another big player going bust

Print Week report on 'forensic accountants' investigating Callprint

Print Week report on 'forensic accountants' investigating Callprint

Paper industry takes Brexit readiness role

Paper industry takes Brexit readiness role

Get ready for Brexit with this one simple action

Get ready for Brexit with this one simple action

Thomas Cook collapse: is this the end of the printed holiday catalogue?

Thomas Cook collapse: is this the end of the printed holiday catalogue?

BREAKING Print Week: Clyde of

BREAKING: Print Week: Clyde of 'the Bonnie and Clyde of the print industry' is back with new websites

ICSM Credit at September Trade Shows

ICSM Credit visited two trade shows to meet associates and to keep up with the latest industrial developments

Brendan Perring on why the IPIA use ICSM

The IPIA are ICSM associates to protect their members from bad debts

PRINT WEEK: Two Bradley Group outfits go into receivership

PRINT WEEK: Two Bradley Group outfits go into receivership

ICSM News: September features two must visit print industry trade shows

ICSM News: September features two must visit print industry trade shows

ICSM News: September features two must visit print industry trade shows

ICSM News: latest Runners and Riders in the Insolvency Stakes

ICSM News: latest Runners and Riders in the Insolvency Stakes

ICSM Safetynet Credit Scoring Just Got Better

The new ratings reflect the past and predict the future

Big four accountants scrutinised after Carillion and other debarcles

Big four accountants scrutinised after Carillion and other debarcles

Following the collapse of Carillion and other high profile business names the so-called big four accountancy firms involved in auditing companies which then go broke are being scrutinised by the Competition and Markets Authority (CMA).

‘Unscrupulous’ magazine publisher shut down

A company that traded off the public’s goodwill for the emergency services by publishing a magazine in their support has been closed by the Insolvency Service ICSM reports.

Rogue online printers receive lengthy bans

Warnings have been regularly issued to ICSM members about the business duo from Barry in Wales known as the ‘Bonnie and Clyde’ of printing.

Is the age of debate dead?

Meeting a very angry man named Julian has got me thinking, says Ian Carrotte.

New “Not worth chasing” service is getting small print debts settled

In the first two-week pilot phase of our new micro-debt service, some 56 bad debts were recovered for clients, ranging in value from £36 to £1,712: a total of £18,000. Now we’re rolling out the service nationally.

Owed money? Don’t write it off… try out our new Microdebt Recovery Service

Introducing our new Microdebt Recovery Service – where there’s no fee unless we recover your money.

Bonnie & Clyde are back again!

It appears that our old “friends” Clare Hunnisett and Malcolm John (AKA Stuart John etc.) are back to their familiar tricks – scamming printers and members of the public out of their hard-earned money.

“Traffic light system” for persistent late payers welcomed… but Government needs to go further to protect SMEs

“Traffic light system” for persistent late payers welcomed… but Government needs to go further to protect SMEs

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