Individual bankruptcies have leapt over the past year, according to new
There were 26,021 individual insolvencies in Q2 2006, a 66.3% leap on the
same period last year. Individual voluntary arrangements were mainly responsible
for the increase, climbing from 4,386 in Q2 2005 to 11,105. Bankruptcies also
climbed, to 14,915 from 11,259 over the same period.
Company insolvency proceedings fell slightly over the period, despite a
number of high-profile struggling retailers hitting the headlines in recent
Liquidations dropped 5% to 3,265 for Q2 2006, compared to 3,380 a year
Compulsory liquidations dropped 13.7%.
R3 president Tony Supperstone said that although stiff competition from
Eastern Europe and China had forced down margins, leading to company
insolvencies, the growth in the UK’s service industry had led to a stable
economy, and business would ‘bounce back’ in the next quarter.
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy