May 03, 2013
Figures published today by the Insolvency Service show that company liquidations in England and Wales in the first quarter of this year were down 5.3% on the previous quarter and down 15.8% on the same quarter in 2012. Personal insolvencies also dropped in the first quarter 2013 to 25,006 and were 12.9% less than the same period 12 months ago.
Bev Budsworth, managing director of multi award-winning The Debt Advisor said: “It’s great to see levels of corporate and personal insolvency continuing to fall. This is a welcome bit of good news for all of us but we mustn’t get ...
May 01, 2013
It’s less than 4 weeks until the Bupa
Manchester Run where our team of runners will be joining 40,000 people for Britain’s
leading 10k running event on Sunday 26 May 2013.
We are aiming to raise over £1,000 for
our company charity Independent Choices – The Women’s Domestic Abuse Helpline.
Founded in 1978 as the Women’s Domestic Violence Helpline, the charity offers a
range of direct support services to women experiencing domestic abuse in the
Greater Manchester area and beyond.
The charity receives over 7,000 calls
each year from women who are experiencing domestic abuse and with recent
funding cuts, needs our support now more than ever....
April 24, 2013
The Fat Cat Group which is based in Derby and operates a chain of 12 café bars around the UK has entered administration after cashflow problems.
The chain, which currently employs around 200 members of staff, was founded in North Wales 21 years ago by two graduates, Matthew Saunders and Simon Patterson. Administrators were called in on Tuesday this week and immediately closed the Llandudno, Chester and Hanley sites. The group also previously operated bars in Cardiff, which it sold earlier this year, and in Wrexham, which closed in February. Managing director Matthew Saunders said "We had a bad ...
April 10, 2013
A study from comparison website uSwitch has found that around one in five households owe money to their energy supplier.
Collectively, Britons now owe a staggering £637 million to energy firms. This is £159 million higher then projected last year.
However, the survey did show that that typical amount owed by customers has dropped £8 to £123.
The recent cold weather and a string of price hikes could see this figure quickly climb back up.
The average annual household energy bill has risen by £100 in the space of a year. The average bill is now £1,353 a year; £830 ...
March 28, 2013
The Debt Advisor team will be participating in the Great
Manchester Run for our chosen charity Independent Choices on 26th
The 10km run will take us and 40,000 others around the
streets of Manchester
in a bid to raise money for charity.
Our chosen charity Independent Choices run a telephone
helpline supporting thousands of women every year suffering from domestic
Independent Choices receives around 6,000 calls each year
and with recent funding cuts needs our support more then ever.
We’re currently accepting donations via our page on the
Virgin Just Giving website. We hope to raise at least £1000 and any donations
February 21, 2013
Collapsed music and video retailer HMV is set to close a
further 37 outlets which could lead to the loss of 464 jobs.
Administrators at Deloitte have confirmed that the closures
will take place over the next four to six weeks. Deloitte have said they will
try to relocate affected staff to other stores, but most if not all of them will
be made redundant.
HMV currently has 219 stores across the UK and these
closures will account for almost half of them.
HMV went into administration after being overwhelmed by
mounting debts and low sales. You can read our original blog on the HMV
February 13, 2013
The fashion chain Republic is expected to enter
administration today putting more then 1500 jobs at risk.
It was reported that Republic had appointed administrators
from Ernst & Young yesterday.
Republic started in 1986 and has since grown into a chain
with around 120 stores across the UK selling men’s and women’s
clothes from labels such as Diesel and Firetrap.
If Republic does enter administration, it will be the latest
in a long list of other high-profile retail stores which have collapsed this
year including HMV, Jessops and Blockbuster.
The retailer has recently been hit by poor trading. Republic
chairman Andy Bond quit last week as the ...
February 13, 2013
The Debt Advisor is currently looking to recruit a drafter in our IVA department. Please see the specifications for this job below:
Job Title: IVA Drafter (Consumer and Complex trader cases) Base: Head Office: Old Trafford, Manchester Reporting to: Administration Manager Job Purpose: Carry out verification of new potential IVA clients and ensure that we have sufficient information to draft proposals Preparation of financial statements Input and update the relevant computer systems Drafting proposals for consumer IVA’s as well as trader IVA’s Keep clients and creditors updated on progress of cases in Nominee stage Maintain progress schedules Photocopy and filing...
February 08, 2013
A report commissioned by the Centre for Economic and
Business Research (CEBR) has found that self-employed people are statistically
struggling with more debt than people who are in full or part time employment.
The report found that self-employed individuals have debts
which total 18.6 times their annual income. In comparison, people in full or
part time employment have debts which total 4.1 times their annual income.
Most of the debts in question were mortgages, with the
average self-employed person owing a staggering £206,500 compared to £54,600
owed by people in employment. The report also explained that self-employed
workers earn 14% less on average.
The report also showed ...
February 01, 2013
Figures published today by the Insolvency Service show that company liquidations in England and Wales in the third quarter of this year were down 3.3% on the previous quarter and down 10.7% on the same quarter in 2011. Personal insolvencies dropped in the fourth quarter 2012 to 25,302 and were 12.9% less than the same period 12 months ago.
Bev Budsworth, managing director of multi award-winning The Debt Advisor said: “It’s really encouraging to see that today’s corporate and personal insolvency figures are at their lowest point since mid-2008, it seems to show that things are starting to look brighter ...