Company failures rise with more businesses in ‘perilous’ position

1 week, 2 days ago

Businesses need to brace for tougher regulatory landscape in 2025

Corporations must brace for heightened regulatory scrutiny in 2025 with various regulators preparing to enforce stricter oversight and actions. The Securities and Exchange Board of India, Competition Commission of India, Central Consumer Protection Authority, and tax authorities are expected to tighten their stance, forcing businesses to enhance compliance, streamline processes, and adapt to evolving governance standards. “The increase in the …

Law India Market Tax Compliance Indian Regulatory

3 weeks, 6 days ago

Business bankruptcies up a third compared to last year after 6% jump in November

NL Times

Roughly a third more business bankruptcies have been declared in the Netherlands in the first 11 months of the year compared to the same period in 2023. Through the end of November, 4,198 businesses and individuals declared bankruptcy in the Netherlands, the most for a given year since the entirety of 2019. Despite these well-known retailers declaring bankruptcy in recent …

Netherlands Business Bankruptcies

1 month, 3 weeks ago

Company failures will stay high amid surge in wage bills, warns Begbies

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Insolvency specialist Begbies Traynor has …

Budget High Amid Traynor Group Begbies Traynor Group Begbies Traynor

4 months ago

Dealmaking among UK firms drops to lowest level in four years, figures show

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The level of dealmaking among …

Business Deals Billion Deal Ons Firms Drops

5 months, 1 week ago

Business confidence has surged in July, reports shows

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The latest Bank of Scotland business barometer shows business …

Bank Confidence Scotland Sign Business Confidence Businesses Month

5 months, 2 weeks ago

Sewage spills are STILL rising in the UK with companies failing to get crisis under control, Environment Agency warns in damning report

Daily Mail

Sewage spills are still rising in the UK with water companies failing to get the crisis under control, the Environment Agency has warned in a damning report The agency said there were 47 serious pollution incidents last year – up from 44 in 2022. Shocking photos from August 2022 showed how Lake Windermere in the Lake District turned bright green …

Environment Water Pollution Companies Incidents Report Firms

6 months, 1 week ago

7.6 million: How England’s healthcare waiting list trebled under the Tories

Al Jazeera

Waiting times for National Health Service care have also risen sharply across the UK since ruling Conservatives came to power in 2010. The NHS waiting list for treatment referrals in England hit 7.6 million cases in April – a threefold rise since 2010. Just 67 percent of Britons said they were satisfied with their public services, infrastructure and environment last …

England Services Labour Public Services List Public Points

6 months, 3 weeks ago

Bankruptcies in Germany rise sharply

China Daily

People visit a shopping mall in Berlin, Germany, on Feb 1, 2023. Germany has experienced an increase in corporate bankruptcies as 5,209 companies filed for insolvency in the first quarter, according to the Federal Statistical Office, Destatis. The first three months of this year saw a 26.5-percent increase in bankruptcies compared to the same period last year and an 11.2-percent …

Germany Ing Destatis Increase Compared

7 months, 3 weeks ago

Dutch business bankruptcies up 47 percent since January; The worst start since 2017

NL Times

Some 1,392 businesses, institutions and organizations were declared bankrupt since January 1, an increase of about 47 percent over the same period in 2023. “From May 2022, the number of bankruptcies was continuously higher than in the same month a year earlier.” Comparing annual periods is necessary to get a handle on current trends, because figures can fluctuate greatly from …

Month Cbs Declared Total Number Bankruptcies Business Bankrupt

8 months, 2 weeks ago

UK banks set to report lower earnings as they retreat from 2023 highs

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The UK’s biggest high street …

Profit Report Billion Last Year Set Lloyds Natwest

8 months, 3 weeks ago

Business insolvencies hit record highs with worse to come, warns CreditorWatch

ABC

In short: The number of businesses in external administration has hit a record high, according to CreditorWatch. The latest piece of the domestic economic jigsaw puzzle shows a stark rise in business failures, which have risen to record highs, hit by a triple blow of weak consumer demand, cost pressures and a tax office now determined to collect what it's …

Business Risk Hit Rate Businesses Rates Queensland

8 months, 3 weeks ago

Unemployment rate hits six-month high amid fears of a stalling economy

The Independent

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Britain’s unemployment rate has risen to its highest level in …

Growth Cent Rate Months Ons

9 months, 3 weeks ago

Bankruptcies up 40% in January, February compared to a year ago

NL Times

Corrected for hearing days, Dutch courts declared 706 businesses bankrupt in January and February 2024. “The underlying trend in the number of bankruptcies has been increasing for almost two years,” the statistics office said. That is a month-on-month decline of 7 percent compared to the 366 bankruptcies in January, but a 24 percent increase compared to a year earlier. It’s …

Month Number Bankruptcies Underlying Trend

11 months, 4 weeks ago

Bankruptcies in hospitality sector doubled; 40% doubt that they'll survive the year

NL Times

Last year, 245 companies in the hospitality sector were declared bankrupt up to and including November. Around 40 percent of the remaining catering and accommodation businesses have doubts about whether they’ll still be standing in a year and 12 percent struggle with problematic debts. If your business is still around you can already count yourself lucky, and if you’re increasing …

Business Hospitality Businesses Cbs Hospitality Sector

11 months, 4 weeks ago

Barclays axes around 5,000 jobs globally

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Barclays has said it cut …

Jobs Globally Barclays Uk

1 year ago

Chaos as 2,300 construction companies go bust - and the 'perfect storm' of reasons why

Daily Mail

A staggering 2,349 construction firms have collapsed in the past year - with fears more may fall soon. A 'perfect storm' of high interest rates, soaring material costs and an ongoing worker shortage across the Aussie industry have sent tradies into freefall. A 'perfect storm' of high interest rates, soaring material costs and an ongoing worker shortage across the Aussie …

Construction Industry Building Businesses

1 year ago

Why corporate bankruptcies were up in 2023 despite the improving economy

NPR

Why corporate bankruptcies were up in 2023 despite the improving economy Enlarge this image toggle caption Gene J. Puskar/AP; John Minchillo/AP; Rogelio V. Solis/AP Gene J. Puskar/AP; John Minchillo/AP; Rogelio V. Solis/AP Imagine taking a Bird scooter to Rite Aid before heading to a WeWork, where you read a news article on Vice and then buying a gift on Bed …

Economy Corporate Companies Debt Bankruptcy Sponsor Message Chapter 11

1 year, 1 month ago

Nottingham City Council declares itself effectively bankrupt over £23m budget deficit

The Independent

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. In a statement, the Labour-run council said it has “sufficient …

Council Email Nottingham Nottingham City Council Section 114 114

1 year, 2 months ago

Top 10 Insolvency Law Judgements [April To September 2023]

Live Law

In recent times, several noteworthy judgments have been rendered by the Indian Courts and Tribunals in matters relating to the Insolvency and Bankruptcy Code, 2016. M. Suresh Kumar Reddy v. Canara Bank Supreme Court of India Citation: 2023 LiveLaw 428 The Adjudicating Authority has no option but to admit a petition filed under Section 7 of the Insolvency and Bankruptcy …

Law Appeal Court Insolvency Resolution Corporate Debtor Indian

1 year, 3 months ago

Recession ‘more likely’ as key gauge misses expectations

The Independent

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A key gauge of the UK’s economic strength suggests the …

Pmi

1 year, 3 months ago

Bankruptcies on the rise in the Netherlands; Up 5% in August

NL Times

The number of bankruptcies in the Netherlands has been rising for 16 months in a row, Statistics Netherlands reported on Tuesday. In August, the courts declared 5 percent more companies bankrupt than in July, corrected for the number of court hearing days. “Moreover, August had more court hearing days than in July and June.” The trade sector is also one …

Netherlands Number Bankruptcies

1 year, 4 months ago

UK services sector shrinks for first time since January as demand wanes

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The UK services sector contracted …

Services Sector First Time

1 year, 5 months ago

Interest rates: Bank of England pushes rates to 15-year high as ‘mounting cash pressures’ push Wilko into administration

The Independent

✕ Close Bank of England raise interest rates to 5.25 per cent Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from …

England Interest Rates Email Interest Rate Bank Of England

1 year, 5 months ago

7.4m people ‘have made failed attempts to contact financial services providers’

The Independent

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our …

Support Financial Services Duty Help Million Consumers Customers

1 year, 5 months ago

Layoffs run rampant with over 194,000 Americans left unemployed in 2023 so far, recession fears arise- Report

Hindustan Times

According to a report from Forbes, 2023 has brought a storm of layoffs across various industries, with nearly 194,000 American employees finding themselves out of work in more than 150 major layoffs. Nearly 194,000 American employees finding themselves out of work in more than 150 major layoffs in 2023 so far. Tech Takes a Hit Tech companies have faced the …

Media Employees Microsoft Meta Layoff Layoffs Run Rampant

1 year, 6 months ago

Hospitality on the brink: FIVE restaurants a day now closing

Daily Mail

Price Bailey says banks are clamping down on non-performing loans for firms It averages five restaurants per day, up from three-a-day in 2021 Restaurants closed at their highest rate in a decade in the first three months of the year, according to new figures from accountancy firm Price Bailey. Restaurants ravaged: 2,000 restaurants have closed over the past year as …

Restaurants Restaurant Hospitality Price Cent Businesses Ons

1 year, 8 months ago

British banks to give first financial updates since global banking crisis fears

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Britain’s biggest banks are preparing …

Banking Bank Sign Banks Natwest Global Financial Some Banks

1 year, 9 months ago

More bankruptcies in February; Still below pre-pandemic levels

NL Times

In February, 277 businesses were declared bankrupt in the Netherlands. “The number of bankruptcies corrected for hearing days fluctuates considerably. During the coronavirus pandemic, when the government offered businesses various support schemes, the number of bankruptcies decreased to a record low in August 2021. After August 2022, the number of bankruptcies increased for four months, then decreased in January 2023, …

Number Bankruptcies Increased

1 year, 9 months ago

More than 200 UK firms at ‘serious risk’ from Silicon Valley Bank collapse

The Independent

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. She told Sky News: “When markets open tomorrow morning, a lot of businesses in the …

England Tech Bank Risk Valley Westminster Email View

1 year, 10 months ago

Bankruptcies fell in January for the first time since August

NL Times

The number of bankruptcies fell again in January after four consecutive months of increases, according to Statistics Netherlands. The number of bankruptcies remained low compared to the period before the coronavirus pandemic. After August 2022, bankruptcies rose for four straight months to the highest level since May 2020. Since then, the number of bankruptcies fell further to a record low …

Bankruptcies

2 years ago

Britain to suffer the deepest recession of all the world's largest economies in 2023

Daily Mail

Experts predict business insolvencies in the UK will rise by 15 per cent in 2023 In comparison, Germany's economy will decline by 0.7 and France's by 0.4 The UK economy is mired in deepening gloom today as figures showed manufacturing slumping. Analysts at insurer Allianz Trade predicted UK plc will shrink 0.9 per cent this year as it is battered …

Economy France China Germany Covid Cent 2023

2 years ago

More small and mid-sized Dutch businesses go bust

NL Times

The number of companies declared bankrupt in November was significantly higher than a year earlier. According to a monthly report from the Dutch Chamber of Commerce, the number of bankruptcies among small and medium-sized enterprises in particular is still increasing. This means that the number of bankruptcies is 5 percent lower than in October, although the number of bankruptcies among …

Number Bankrupt Security Companies

2 years, 1 month ago

Business confidence slumps to lowest level since 2009

The Telegraph

Business confidence has plunged to its lowest level in 13 years as Britain braces for what could be its longest recession on record. A new study from Accenture and S&P Global found that optimism among UK businesses fell by 10pc in October to the lowest it has been since 2009, amid spiralling costs and a tough labour market. Accenture’s Simon …

British Business Confidence Uk Businesses

2 years, 2 months ago

Steady rise in bankruptcies, though number still low

NL Times

The number of companies declared bankrupt is steadily increasing. According to a monthly report by the Chamber of Commerce, 185 companies went bankrupt last month. “But it is still historically low, lower than in the period before the coronavirus pandemic.” On November 1, the Chamber of Commerce’s trade register counted over 2.3 million companies active in the Netherlands. “Despite all …

Companies Month Number

2 years, 2 months ago

Impending economic crisis will dwarf coronavirus crisis, says credit insurer Allianz

NL Times

The looming economic crisis will make the coronavirus crisis look like nothing, according to credit insurer Allianz Trade. Rarely have so many negative facts come together simultaneously,” Johan Geeroms, director of risk underwriting in the Benelux for Allianz, said in a press statement. And, partly due to the 10 percent increase in the minimum wage the government announced for next …

Geeroms Coronavirus Support

2 years, 2 months ago

Financial instability hits travel firms with ‘double squeeze’

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. “And, of course, many travel businesses have come out …

Travel Instability Hits Tanzer Mr Tanzer

2 years, 2 months ago

September saw most bankruptcies in two years

NL Times

More companies went bankrupt in September than the average in the past two years, the Dutch Chamber of Commerce said in its monthly trend reports. Small and medium-sized enterprises also saw more companies closing than usual and fewer startups, reflecting the increasing problems many companies face. Last month, 176 companies went bankrupt, the highest number since October 2020. In September, …

Companies More Companies

2 years, 4 months ago

More freelancers give up, bankruptcies also rise slightly: CBS

Dutch News

In total, 76,000 companies shut down in the first six months of the year, the highest number since 2007 when records began, national statistics agency CBS said on Thursday. ‘Coaches, physiotherapists, beauty specialists, a lot of them start and then stop,’ CBS economist Marjolijn Jaarsma told broadcaster NOS. There was also a slight increase in the bankruptcy rate, but it …

Cbs

2 years, 5 months ago

UK faces long recession and deepest plunge in living standards on record, Bank of England warns

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. In one of its bleakest ever assessments of UK …

Inflation Bank Cent Living Mpc

2 years, 5 months ago

Service sector at worst point since Alpha variant lockdown, survey suggests

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The UK’s service sector has …

Month

2 years, 8 months ago

Dutch business bankruptcies projected to double

NL Times

The number of bankruptcies in the Netherlands will be 101 percent higher this year than in 2021, credit insurer Atradius expects. Countries with extensive support packages saw insolvencies decrease significantly in 2021 and will see a big increase this year and next year. The Netherlands, for example, saw bankruptcies decrease 41 percent in 2021 and will see a 101 percent …

Netherlands Dutch Business Bankruptcies

3 years ago

More than 35,000 retailers in financial distress as Omicron pressure mounts

The Independent

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy More than 35,000 struggling retailers are now in significant financial …

Financial Omicron Financial Distress Begbies Traynor

3 years ago

UK businesses fear omicron will worsen staff shortages and derail recovery

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy UK businesses have warned that …

Restaurant Work Omicron Uk Businesses Ms Davidge

3 years ago

Sharp increase in bankruptcies in November

NL Times

The number of bankruptcies increased sharply in November. According to preliminary figures from Statistics Netherlands, 166 companies and institutions were declared bankrupt last month, excluding sole proprietorships. Judges were also more reluctant to declare essentially healthy companies bankrupt due to the coronavirus crisis. The stats office corrected the reported figure for the number of hearing days because many courts make …

Companies Month Number Cbs Bankrupt Bankruptcies

Company failures rise with more businesses in ‘perilous’ position

History of this topic

Record number of UK firms facing serious financial strain – report

Company insolvencies dip in August but still reflect ‘challenging environment’

Half a million firms in ‘significant’ financial distress as Britain’s economy stagnates

UK company insolvencies spike in February as firms remain under pressure

More big companies set to collapse in 2024, industry experts warn

Discover Related