Insolvencies surge with figures higher than 2021 - plus a list of some recent liquidations

Insolvencies surge with figures higher than 2021

By Harry Mottram. The Insolvency Service has published figures for April this year that show an increase in compulsory liquidations since last year month on month but lower than in 2019. They are up by 300% compared to April 2021 and more than half of what they were in April 2019 before the pandemic.

Other interesting statistics reveal there were 1,777 creditors voluntary liquidations – up by 118% in 2021 and 74% in 2019. It is also interesting that although there were only 10 company voluntary arrangements in April (up from last year) they were down by 61% on 2019 suggesting that creditors are not backing the one-time popular way out of insolvency.

In April there were 113 administrations – up by 51% on last year – with the after effects of the Covid crisis taking its toll. Companies are struggling to repay loans to see them through the pandemic when businesses were hampered or closed down by restrictions but with the pandemic now in retreat those loans have become a burden too heavy for many.

The Insolvency Service said: “These figures are more than double that seen in April 2021 and 39% higher than that in the same month three years before (pre-pandemic). This was lower than that of March 2022.

“The overall increase in company insolvencies was said to be due to a higher amount of CVLs, as has been a consistent pattern for months prior. In March 2022, a change to the normal pattern was seen, with there being more compulsory liquidations than administrations. April 2022 sees the initial pattern return with more administrations.”

The figures in Scotland and Northern Ireland are similar to those in general trends to those shown here for England and Wales with 2022 expected to be a black year for insolvencies. Whether the trend continues remains to be seen but with inflation pushing up to double digits, interest rates on the rise, a bad EU trade deal and industrial unrest in many industries things do not look good.

Here are some recent liquidations:

CONSTRUCTION: BUILDING TRADES, DEVELOPERS, SURVEYORS

 

COMPULSORY LIQUIDATOR APPOINTED   

GMIX CONCRETE LIMITED    10717037

 

LIQUIDATORS APPOINTED

ANTLER BUILD LTD    11313835

BESPOKE BASEMENTS LTD    10063803

BMS BUILDING CONTRACTORS (PLYMOUTH) LTD    08079646

BSS CONSTRUCTION LIMITED    02805108

BURR COMMERCIAL LIMITED    06410097

CLASSICO ITALIANO LTD    10905093

CLEARSTONE HOMES LTD    12204839

CRWN CONSTRUCTION LIMITED    10455167

DDF CONSTRUCTION SERVICES LIMITED     09540170

J G E CONSTRUCTION LTD    09118924

KOBANI CONSTRUCTION (MCR) LTD    11344349

LIVERPOOL ONE CONSTRUCTION LIMITED    10676881

M & M SCAFFOLDING ACCESS LTD    09564650

 

FOOD AND DRINK: BREWERIES, BUTCHERS, FARMS, FOOD PRODUCERS, FORESTRY, GREEN GROCERS, GROCERS

 

LIQUIDATORS APPOINTED

CENTRAL PARK FOOD & WINES LTD    10379497

D & M MEATS LIMITED     08651470

DOCKERS SPIRIT COMPANY LIMITED    11586879

FSK FAST FOOD LTD    12439470

HIMALAYA FOODS LTD    12231986

MAYURA FOODS LIMITED    09607653

PREMIER FOODS & WINE LIMITED    09561963

WOODS CATERING STAFFORDSHIRE LIMITED    06252179

 

HOSPITALITY: CAFES, ENTERTAINMENT, HOLIDAYS, HOTELS, LEISURE, PUBS, RECREATION, RESTAURANTS, TRAVEL

 

COMPULSORY LIQUIDATORS APPOINTED S 136    

NORTHOP HALL COUNTRY HOUSE HOTEL LIMITED     05667278

 

LIQUIDATORS APPOINTED

HUSSAIN & SONS TRAVEL LIMITED    12322224

LA DOLCE VITA RESTAURANT (MARPLE) LIMITED    08795521

SPORTZHUB LIMITED    08146142

SUE WELLER LIMITED    11956734

THE OLD OAK TREE B & B LTD    09204425

THE WHITE HOUSE (PRESTBURY) LIMITED    03964439

TRAVEL LOW LTD    11706555

WALPOLE RESTAURANT LTD    12130655

WHARFE INNS LTD    12418285

YOUR EVENTS TEAM HOSPITALITY LTD    11825778

 

LOGISTICS: COURIERS, HAULAGE, ROAD, RAIL, SHIPPING, STORAGE

 

COMPULSORY LIQUIDATOR APPOINTED

D & S STORAGE LIMITED    01470681

JSK HAULAGE LIMITED    10108218

 

LIQUIDATORS APPOINTED

ABSL LOGISTICS LTD    11065448

A&Z TRANSPORT LIMITED    09168560

RUSS TRANSPORT SERVICES LTD    10886069

STEWARD HAULAGE LIMITED    11675430

 

MAKERS: AGRICULTURE, ENGINEERING, ENERGY AND POWER, FORESTRY, MANUFACTURING, POWER GENERATION AND SUPPLY, RAG TRADE

 

LIQUIDATORS APPOINTED

COLLIS BIRD & WITHEY LIMITED    10131267

CYCLOPS ROAD STUDS LTD    07893588

DTS ENGINEERING SOLUTIONS LTD    09311519

HALCYON DESIGN & MANUFACTURING LTD    05174248

REAL TEXTILE LIMITED    11935329

REBEL DESIGN CLOTHING LIMITED    09869693

 

MEDIA: ADVERTISING AGENCIES, DESIGN STUDIOS, EXHIBITIONS, EVENTS, INK MAUNUFACTURERS, MARKETING, MEDIA, PAPER SUPPLIERS, PRINTERS, PUBLISHERS, PUBLIC RELATIONS, SIGN INDUSTRY, STATIONERS  

 

COMPULSORY LIQUIDATORS APPOINTED S 136   

LARKHARK FILMS LIMITED    08400617

 

LIQUIDATORS APPOINTED

A3 DIGITAL PRINT LIMITED    08321087

AST PRINT GROUP LIMITED    03068020

IJAZ PHOTOGRAPHY LIMITED     07018856

KUDOS DESIGN AND PRINT GRP LTD    07237137

LMM COMMUNICATIONS LTD    10723482

PILLAR BOX CARDS & GIFTS LIMITED     08728780

REGIONAL PUBLICATIONS LIMITED     04071833

SLATE WEB & GRAPHICS LIMITED FORMERLY KNOWN AS ' SLATE WEB & PRINT LIMITED'    07130408

 

RETAIL: RETAILERS, SHOPPING CENTRES & MARKETS, HIGH STREET TRADERS, WHOLESALERS

 

COMPULSORY LIQUIDATORS APPOINTED S 136   

FORD NEWS LIMITED    04412544

 

LIQUIDATORS APPOINTED

BRIDALWEAR LIMITED    09461903

DESIGNER BABY LTD    11936972

E 4 EMPORIUM LIMITED    08473454

FWCOSMETICS LIMITED     12454533

IRL STORES LIMITED    11984231

JKS CARS LIMITED    11715628

LITTLE ANGEL BABYWEAR LIMITED    13562424

OUR PRICE RECORDS LIMITED     04792445

TOP SHOP/TOP MAN (HOLDINGS) LIMITED    08286047

 

VARIOUS: EDUCATION, FINANCE, HEALTH, LEGAL, MEDICAL, TRAINING

 

COMPULSORY LIQUIDATORS APPOINTED S 136   

CHELSEA DENTAL LTD     09646978

 

LIQUIDATORS APPOINTED

CEF CHILDCARE LTD     08119549

HANLEY & CO. DRIVER TRAINING LTD.    11003045

LEGACY LEGAL SERVICES LIMITED    09826203

THE EDUCATION AND CARE QUALIFICATIONS NETWORK LIMITED    10895629

XENAN PARTNERS LTD    10562267

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