has said there is still ‘significant growth’ in the IVA market, after
posting strong interims.
Despite a number of IVA factories issuing profit warnings in recent weeks
(resulting from fears that the number of IVAs filed is reducing), Accuma chief
executive Charles Howson said the sector would experience
The group’s review stated that it believed there had been ‘short-term
pressure’ on the IVA sector.
Despite the positive sentiment towards the IVA market, the group is now less
reliant on IVAs. The group’s figures have remained solid due to spreading its
portfolio of products through acquisitions, moving into informal debt
management, re-mortgaging and loans.
Turnover for the six months ended 31 January were £10.6m, compared with £4.1m
a year earlier. Profit before tax and amortisation was £1.6m.
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies
Smith & Williamson has been appointed administrators of charity 4Children