All the updated news related to insolvency service

All the news related to insolvency service updated in real time

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P&O chief executive to be quizzed by MPs over sackings

The chief executive of P&O Ferries is to be quizzed by MPs on Thursday over the controversial sacking of nearly 800 workers without notice amid continued protests over the dismissals. Peter Hebblethwaite will appear before a joint hearing of the ...

24 Mar 2022 at 01:25

Insolvency Service says P&O will not face criminal action over mass sackings

The Insolvency Service has determined P&O Ferries will not face criminal proceedings over its actions in firing almost 800 workers earlier this year. The company sparked public anger and was hauled in front of MPs to answer questions when it ...

20 Aug 2022 at 09:56

Personal Finance

Thousands seek breathing space from debts as insolvencies rise

More than 75,000 registrations for breathing space from debts have been recorded since May last year, as the number of people going financially insolvent across England and Wales has increased annually. And with households facing a tough ...

02 Aug 2022 at 11:53

City

Company insolvencies jump 40% for latest quarter amid rising costs

Company insolvencies in England and Wales jumped by 40% year-on-year over the past quarter as firms faced rocketing costs, higher interest rates and labour shortages. Official data from the Insolvency Service showed there were 5,595 ...

28 Oct 2022 at 13:59

Almost 2,000 firms slide into insolvency in October

Company insolvencies leapt by 38% last month in England and Wales as the economic downturn caused more firms to collapse. Fresh figures from the Insolvency Service showed that 1,948 companies tumbled into insolvency in October, ...

15 Nov 2022 at 13:34

Bosses at P&O Ferries confident of avoiding fine for mass sackings

P&O Ferries is confident of avoiding a fine for sacking nearly 800 seafarers without notice. The annual report of the DP World-owned ferry operator, seen by the PA news agency, said its directors think an ongoing inquiry by ...

25 Apr 2023 at 11:22

City

Company insolvencies jump 40% in May to four-year high

Company insolvencies in England and Wales jumped by 40% in May to the highest level since monthly records began in 2019. Government data from the Insolvency Service showed 2,552 companies entered insolvency during the ...

16 Jun 2023 at 15:44

City

Company insolvencies jump 7% year-on-year in January

The number of firms falling into insolvency increased in January against the same month last year, according to official figures. Total company insolvencies in England and Wales hit 1,671 over the first month of 2023,...

14 Feb 2023 at 12:31

Personal Finance

Personal insolvencies in England and Wales at highest level since 2018

The number of people going financially insolvent across England and Wales jumped to the highest level in more than three years in the first quarter of this year. There were 32,305 personal insolvencies between ...

28 Apr 2022 at 11:25

Personal Finance

Company insolvencies in England and Wales jump to 14-year high

The number of firms falling into insolvency in England and Wales surged to the highest level for 14 years in the past quarter, according to Government figures. Insolvency Service data revealed that there were ...

28 Jul 2023 at 11:59

City

Business insolvencies jump by 57% to 13-year high

The number of companies falling into insolvency in England and Wales last year surged to its highest since 2009, according to Government figures. Total company insolvencies registered in 2022 leapt by 57% to ...

31 Jan 2023 at 15:13

City

Company insolvencies fall in May amid uptick in business confidence

Fewer companies went bust in May than the previous month, amid a pick-up in business activity across England and Wales, according to official data. Company insolvencies fell 6% month-on-month to 2,006, ...

18 Jun 2024 at 11:53

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