Debts.co.uk has forecasted that
individual voluntary arrangements will pass the 100,000 mark by 2010, while
simultaneously announcing that it has achieved a 62% surge in full-year profits.
which reaped £2.1m in pre-tax profits in the year to August – compared with
£1.3m in the previous period – increased its market share in the sector, which
is enjoying a boom period as more people seek to avoid bankruptcy.
Debts.co.uk’s research has also predicted that the number of
will top 40,000 this year.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
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