The Latest Breaking News from Insolvency Service

Greedy bosses pocketed Covid cash as up to £27bn of taxpayer loans lost

A company in Keighley received a £40,000 Bounce Back loan from the Government and later the same day transferred all but £500 into the director's personal account

Daily Mirror · Jan 25, 2023

Orchard House Foods: Workers forced to move in with elderly parents amid 'terrible wait' for redundancy cash

Staff made redundant at the Gateshead factory formerly run by Orchard House Foods are still waiting for their pay-offs.

Chronicle Live · Jan 12, 2023

TUC seeks changes to draft law to help seafarers after P&O Ferries scandal

Sacking of nearly 800 crew in favour of low-paid agency workers in March led to calls for loopholes to be closed in seafarers’ wages bill

The Guardian - UK · Dec 11, 2022

Arnold man who misused £50,000 government Covid loan gets 6-year director ban

The loan aimed to support small to medium sized businesses during the pandemic

Nottingham Post · Nov 9, 2022

Takeaway and building supplies bosses disqualified after falsely claiming tens of thousands in Bounce Back Loans

Business owners 'completely abused the government-backed loans to further their own interests'

Birmingham Post · Nov 3, 2022

Rogue publisher charged customers £74k for bogus adverts in police magazine

Sage Media National Limited 'unscrupulously' targeted companies using aggressive sales tactics to advertise in a magazine that lied about its reach and associations

Wales Online · Oct 28, 2022

The number of businesses going bust is soaring as costs rocket

There's been a big year-on-year jump

Wales Online · Oct 28, 2022

Almost 28,000 Britons enter insolvency as inflation hits

New insolvency service data showed that 27,927 individual insolvencies were recorded over the three months to September.

The Independent UK · Oct 28, 2022

As recession looms, company directors are in the firing line

City Voices: Withdrawal of government support will hit business hard

Evening Standard · Oct 27, 2022

Glasgow property director disqualified for 12 years

Director set up companies to get three Bounce Back Loans which funded a house purchase

Insider UK · Oct 26, 2022