News archive for August 2015

Seaside towns an insolvency hotspot

August 20, 2015|By Financial Saviour

We’re all familiar with the tune of ‘Oh I do like to be beside the seaside’, but it’s perhaps a case of the opposite being true for some residents of England’s coastal towns and cities where personal insolvency peaked throughout 2014.

According to the Insolvency Service, many seaside resorts, along with Merseyside and the North East of England, were the…

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Corporate insolvencies continue to fall

August 7, 2015|By Financial Saviour

2015 continues to be a big year for the drop in corporate insolvencies in England and Wales, with just under 4,000 companies entering formal insolvency in this year’s second quarter.

Statistics from the Insolvency Service show that exact figure to be 3,908, down 144 from the 4,052 companies who entered formal insolvency in the first quarter of 2015 between January and…

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