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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