There has been a year-on-year decline in business insolvencies during June, according to the latest Insolvency Index from Experian. The overall financial strength score of UK businesses also improved, from 80.83 in June 2009 to 80.66 in June this year.

Read more on Business Bankruptcy Figures Down 13%…

See similar articles here about invoice finance , asset finance

For more posts on [ilb-kw] Click the [ilb-kw] link

The National charity Citizens Advice has today launched a tender for a single, preferred debt management plan supplier.

The charity says it is looking to establish a partnership with a provider that will meet the high standards being set by the charity and the bureaux will be able to confidently recommend to debt clients.

Read more on Debt Management Companies And Citizens Advice…

If you like this article see more here: [ilb-kw qty="3" sep=" | " case="cam"]

See similar articles here about asset finance , business loans

The amount of companies in the United kingdom which failed within the second quarter of 2010 has dropped almost twenty per cent upon the particular timeframe in 2009.

The most up-to-date Business Failures Report from credit reference company Equifax displays a 19.1 per cent year on year fall and a decrease of 7 per cent throughout the 2nd quarter compared with the first three months of 2010.

Read more on Business Bankruptcy Figures Fall 20%…

For more posts on [ilb-kw] Click the [ilb-kw] link

See similar articles here about business loans , asset finance

The latest Insolvency Index from Experian has shown the rate of business failures in January falling to its lowest point since June 2007.

The rate of insolvencies fell to 0.07% in January 2010, with seven in every 10,000 businesses going under. This compares to an insolvency rate of 0.09% in January 2009 and 0.11% in December 2009.

Read more on Business Bankruptcy Data Suggests Possible Economic Recovery…

See similar articles here about [ilb-kw qty="2" sep=" , " case="low"]

For more posts on invoice discounting Click the link

First Quench Ltd which owns brands, Threshers, The Local, Wine Rack and Haddows, had to go into administration on Thursday after struggling in the recession.

Richard Fleming, Mick McLoughlin and Ian Corfield of KPMG have been appointed joint administrators to First Quench. KPMG said 81 redundancies had been made at the firm’s head office in Welwyn Garden City, and warned that more jobs were likely to go.

Read more on Corporate Insolvency; Thresher Goes Into Administration…

If you like this article see more here: [ilb-kw qty="3" sep=" | " case="cam"]

See similar articles here about invoice finance , invoice discounting

If you think your Company is trading while being insolvent you really need to read this article and then take immediate action before it to late. – This news release is from R3 the trade body for licensed insolvency practitioners

Read more on Trading Whilst Insolvent? Read This Before……

For more posts on asset finance Click the link

For more posts on [ilb-kw] Click the [ilb-kw] link

Statistics from The Insolvency Service also show that corporate insolvencies reached 1,529 in the second quarter of 2009 in a 22.7 per cent increase on the same period last year.

The Corporate Restructure team at Enable Finance is not surprised by these figures as we are currently in the deepest recession since the Second World War.

Read more on Corporate Insolvency, Voluntary Liquidation & Pre Pack Administration Figures On The Rise….

For more posts on [ilb-kw] Click the link

If you like this article see more here: Invoice Finance | Invoice Discounting | Business Loans

A survey of insolvency practitioners has found a total 4,846 UK jobs have been saved thanks to pre-packaged administrations this year.

Research by insolvency trade body R3 discovered that out of 5,478 jobs at risk, 4,846 (88 per cent) were saved in 89 pre-pack case studies, while the business owner remained in charge in 59 per cent of cases.

Read more on Pre Pack Administration Saves Jobs…

For more posts on [ilb-kw] Click the [ilb-kw] link

See similar articles here about invoice finance , asset finance

Business Failures in the Commercial Property market are set to rise says KPMG Corporate Restructuring chiefs.

Richard Fleming, Brian Green and Paul Dumbell from KPMG Restructuring, have been appointed joint administrators to Manchester-based Modus Ventures Limited. The firm owns more than 40 UK companies including many retail property developments such as the Grand Arcade, the UK’s first carbon-neutral shopping centre in Wigan, and the Houndshill Shopping Centre in Blackpool.

Read more on Company Failures Set To Rise in the Commercial Property Market…

If you like this article see more here: [ilb-kw qty="3" sep=" | " case="cam"]

For more posts on invoice factoring Click the link

The Office of Fair Trading has threatened six debt management companies and four cold-calling businesses with enforcement action unless they stop using unsolicited and misleading calls.

Citizens Advice director of public policy Teresa Perchard said: "This is absolutely the kind of prompt and decisive action needed to tackle rogues taking advantage of the downturn.

Read more on Debt Management Companies – OFT takes action…

See similar articles here about [ilb-kw qty="2" sep=" , " case="low"]

See similar articles here about invoice discounting , business loans

Businesses across the UK have delayed the payment of taxes, such as VAT, PAYE and Corporation Tax worth a total of £2.5bn, HM Revenue and Customs (HMRC) has confirmed.

HMRC figures show that UK Companies made 141,000 tax rescheduling agreements in the past six months as they tried to rearrange cash flow in severe trading conditions.

Read more on Tax & VAT Arrears On The Rise Confirm Inland Revenue…

See similar articles here about [ilb-kw qty="2" sep=" , " case="low"]

For more posts on invoice discounting Click the invoice factoring link

TMA, The trade association challenged the House of Commons Business & Enterprise Committee to produce hard evidence for its damning claims over pre pack administration, which included an assertion that unsecured creditors of companies undergoing pre-pack administrations were "initially kept in the dark and then left empty-handed."

Read more on TMA defend Pre Pack Administration…

For more posts on invoice finance Click the link

For more posts on [ilb-kw] Click the link

Creditors of Premier Network Group have been contacted by an insolvency practitioner to appoint a liquidator for the network.

The meeting is due to be held at the EWS head offices in Leicestershire on May 20, once Premier Network Group shareholders have passed a resolution to wind up the company.

Read more on Company Voluntary Liquidation for Premier Network Group…

For more posts on [ilb-kw] Click the link

For more posts on asset finance Click the invoice factoring link

Company Voluntary Liquidations (CVLs) are up by 62.9% on the same quarter in 2008.

Peter Sargent, President of R3, the insolvency trade body explains: “A Company Voluntary Liquidation is the insolvency mechanism by which company directors voluntarily wind up their own company. In good times it is generally used for companies which are no longer viable, for example due to advancing technology; or companies working on projects which have naturally come to an end. However, we believe that in this case there have been numerous company directors who have come into the New Year, looked at the gloomy economic outlook, and decided the best option is just to call it a day.”

Read more on Company Voluntary Liquidations up 62 per cent report R3…

If you like this article see more here: [ilb-kw qty="3" sep=" | " case="cam"]

For more posts on business loans Click the link

The Corporate Recovery Team have been reporting for some time now that winding up petitions against Company’s appear to be continuing to rise.

The last official statistics release by the Ministry of Justice where as follows: 3,382 company winding up petitions – an increase of 18% on the same quarter of 2007 and a 6% increase on the previous quarter.

Read more on Winding Up Petitions On The Rise – Company’s urged to Seek Advice…

See similar articles here about [ilb-kw qty="2" sep=" , " case="low"]

If you like this article see more here: Asset Finance | Invoice Discounting | Invoice Factoring

Shock statistics CCJ’s registered against business and limited companies have shot up as businesses struggle to pay their debts and creditors get tough.

The quantity of county court judgments issued to businesses in England and Wales reached 192,100 in 2008, a record level since 2000 according to new data.

Read more on Are Business Debts out of control as CCJs hit eight year high?…

If you like this article see more here: [ilb-kw qty="3" sep=" | " case="cam"]

For more posts on asset finance Click the invoice finance link