Insolvency Service

Today’s news in brief – 21/10/24

The UK’s top 100 restaurant groups saw profits dip to £244.1m in 2024 from £246.5m, according to new research by…

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Hospitality insolvencies show signs of easing

Accommodation and food service insolvencies fell 16% month-on-month in August 2024, from 323 to 270, the lowest monthly figure since…

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How the Hospitality Industry can combat the insolvency crisis

After a report from UHY Hacker Young showed that UK restaurant insolvencies have jumped 64% from 856 in 2020/21 to…

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UK restaurant insolvencies surge 64%

UK restaurant insolvencies have jumped 64% year-on-year from 856 in 2020/21 to 1,406, as rising inflation, decreased consumer spending and…

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Former directors of Carillion face disqualification charges

The Insolvency Service has applied to the High Court to disqualify eight directors and former directors for Carillion following the…

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Mardin & Maras director banned for 7-years for undeclared takings

Caesar’s Pizza & Kebab owner Huseyin Gozel has been banned from trading for seven years after the Insolvency service revealed…

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Restaurant duo banned for £173k tax avoidance

Two brothers who operated a restaurant in South East London are now banned from acting as directors or becoming involved…

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Brighton restaurateur banned for tax avoidance

A Brighton restaurateur has been banned from trading for six years after he “deliberately under declared tax” resulting in liabilities…

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North-East restaurateur banned for tax abuse

A Sunderland restaurant boss has been disqualified from running companies for seven years after owing tax authorities £130,000. Church View…

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North London restaurateur banned for under-declaring tax

A restaurant boss from Edmonton, North London, has been banned as a company director for six years after under-declaring tax…

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