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Warning For Director’s in Debt or Insolvency – Taxi Company directors Face Prison Sentence

Warning For Director’s in Debt or Insolvency – Taxi Company directors Face Prison Sentence

Two directors of a Middlesbrough taxi company have been sentenced to prison and disqualified after unlawfully transferring £150,00 from their business before it was wound up.

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UK Business Distress at Record Low

UK Business Distress at Record Low

The latest Business Distress Index from insolvency trade body R3 has revealed that levels of business distress in the UK are at a record low, with only a quarter (24%) of businesses reporting a key indicator of distress.

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EU-wide Insolvency Register Launched

European flag in Karlskrona 2011The European Commission has launched an EU-wide national insolvency register that links up databases from Germany, the Netherlands, Czech Republic, Estonia, Austria, Romania and Slovenia, with more Member States expected to join at a later stage.

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Insolvencies fall again year-on-year

The overall business insolvency rate for the UK fell to 0.07% in June from 0.08% in June 2012, according to the latest Business Insolvency Index from Experian.

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