Insolvency Service

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A director of three property management companies based in Glasgow has been disqualified as a director for 12 years after using his companies to take out Bounce Back Loans totalling £135,000 that the companies were not eligible for. Brendan Michael Gaughan, 40, was director of Gaughan Group Lt

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The UK is expected to become the first large European economy to reach pre-pandemic levels of corporate insolvencies as COVID-19 crisis support is wound down and rising levels of inflation threaten firms. According to credit insurer Allianz Trade, corporate insolvencies will soar by 37% this year. T

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Over the next five years, the Insolvency Service is set to transition to regional centres, reducing the number of offices whilst maintaining high standards of customer service and delivering better value for money. To enhance value for money for the taxpayer whilst maintaining excellent customer ser

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Following a trial at Southwark Crown Court, Boris Franz Becker was convicted of four counts against the Insolvency Act 1986. Mr Becker will appear for sentencing on 29 April 2022.

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Filippo Dioguardi, the director of Glasgow-based Camardo Coffee (Scotland), has been disqualified as a director for nine years after a £50,000 Bounce Back Loan could not be accounted for. Mr Dioguardi was sole director of the company which was incorporated in 2015 and registered initially at a

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Robert Headspeath, 60, and Mandy Headspeath, 56, both of Galashiels have been disqualified as directors for six years each for failing to pay £70,000 in tax.  The couple were directors of Advanced Signs Ltd from March 2015 until February 2020 when the company went into liquidation followi

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The Insolvency Service has been granted new powers to tackle unfit directors who dissolve companies to avoid paying their liabilities. The new legislation extends the Insolvency Service’s powers, on behalf of the business secretary Kwasi Kwarteng, to investigate and disqualify company director

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A company director in Glasgow who failed to keep accounting records has been disqualified for eight years. Rashid Munir, 42, also known as Mohammed Rashid Munir, from Glasgow, was a director of Yo Retail Ltd, which purported to trade from a business unit in Strathclyde Business Park.

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Temporary insolvency restrictions protections are being lifted and new targeted measures to support small business and commercial tenants introduced. The Insolvency Service has announced that temporary measures brought in to support businesses from insolvency during the pandemic will be phased out f

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