Entries by Stephen Kiely

Helping Customers Optimise and Secure Digital Transformation

Rewind a couple of years and enterprises were heavily focused on acquiring new tech to drive forward their digitisation plans. Then, when the pandemic struck, organisations were forced to fix any technology gaps in their environment and digitise services to hastily plug these gaps. Cybercriminals – aware of the opportunity that the new remote landscape […]

R3 responds to Q2 2023 insolvency statistics

There were 6,342 seasonally adjusted corporate insolvencies in Q2 2023 – a 8.9% rise compared to Q1 2023’s total of 5,824. Corporate insolvency levels for Q2 2023 were 13.1% higher than Q2 2022’s figure of 5,606, 105.8% higher than Q2 2021’s total of 3,082, and 44.7% higher than Q2 2019’s total of 4,382. There were 26,390 seasonally […]

EY comments on today’s company insolvency statistics for Q2 2023

“Quarterly company insolvencies reached over 6,300 for the first time since 2009 in Q2 as many businesses struggled to contend with a sustained mix of pressures. “Although company insolvencies have been steadily increasing over the last 18 months, largely driven by Creditors’ Voluntary Liquidations (CVLs), in Q2 there was a significant uplift in the number […]

Personal Insolvency fall to lowest level since Q3 2020

The number of individuals entering a personal insolvency procedure has dropped to its lowest quarterly level since Q3 2020. This is heavily fuelled by a reduction in IVA registrations in the quarter. The seasonally adjusted figures, released today by the Insolvency Service, reveal that there were 26,390 individuals entering either bankruptcy (1,826) a debt relief […]

UK insolvencies reach highest level in 14 years in Q2 2023

The number of registered company insolvencies jumped 13% in Q2 2023 compared to Q2 2022, and reached the highest level since Q2 2009, according to figures released today. Q2 2023 figures are also 9% higher than in Q1. However, the number of insolvencies is expected to fall towards the end of 2023, predict restructuring advisers […]

LiveMore adds lifetime mortgages to complete its product line up

LiveMore, the lender for people aged 50-90+, has expanded its product offering to include equity release mortgages in order to offer customers the widest range of options possible. Like all mortgage products, lifetime mortgages may be a suitable solution under certain circumstances for some people but it is not the answer for everyone. This becomes […]

Dun and Bradstreet comment: UK ad spend remained flat in Q1 2023

This morning the latest AA/WARC Expenditure Report revealed that UK ad spend remained flat in Q1 2023, with year-on-year growth of 0.1 per cent, to reach a total of £9bn. Susan McKay, International CMO at Dun & Bradstreet said: “As spend on search and online display rises, it’s clear that businesses are prioritising immediate discoverability, […]