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Company insolvencies increase 15% on last year


By Michael Griffiths

The number of registered company insolvencies in England and Wales jumped by 15% annually in May, new figures from the Insolvency Service have shown.

Latest figures revealed there were 2,238 company insolvencies during May, up from 1,946 in the same month last year, which was also an 8% month-to-month jump when compared to April (2,074)


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GXO and Wincanton logistics merger cleared by CMA

The merger between contract logistics services providers, GXO and Wincanton, has been cleared by the Competition and Markets Authority (CMA)

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Berkeley hits profit guidance despite 5% annual fall

Berkeley has recorded a profit before tax of £528.9m in the year to 30 April, a 5% year-on-year drop, although was in line with its full-year guidance.

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Premier Inn owner reports sales decline

Premier Inn owner Whitbread has reported a 5% slowdown in UK sales in its Q1 results, citing a “challenging” market backdrop

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Frasers pulls out of Revolution Beauty takeover

Frasers Group has stated that it does not intend to make an offer for Revolution Beauty

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AO World enjoys 32% profit boost

AO World has posted a 32% jump in like-for-like (LFL) adjusted pre-tax profit to £45m in its latest full-year results.

The online electrical goods retailer revealed a profit before tax margin of 4.1% and said it was making “good progress” towards its medium-term target of 5%

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Speedy Hire records £1.6m loss in 2025 financial year

Speedy Hire has swung to a loss before tax of £1.6m in the year to 31 March, following a profit of £5.1m in its 2024 financial year

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Vodafone announces CFO designate

Vodafone has appointed Pilar López as its chief financial officer (CFO) designate, who will take up the role from 1 October 2025

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British Business Bank announces £10m investment in Shawbrook Bank

British Business Bank has announced a £10m tier two investment in Shawbrook Bank, as part of its latest £75m capital raise

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Synectics appoints new CFO

Paul Williams has been appointed as the new chief financial officer (CFO) at security and surveillance solutions firm, Synectics

PZ Cussons sells 50% stake in joint venture

PZ Cussons has sold its 50% equity stake in Nigerian edible oils business, PZ Wilmar, to its joint venture partner, Wilmar International Limited, for £51m
Family offices in ‘risk management mode’ amid geopolitical uncertainty

Family offices are in risk management mode and focusing on increased diversification amid widespread concerns about the ongoing geopolitical uncertainty, BlackRock has stated
Ashtead revenue and profits dip ahead of New York listing switch

Ashtead Group has posted a 5% drop in its full-year pre-tax profit to $2bn, while its revenue also dipped by 1% to $10.79bn


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