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Company insolvencies fall by 5% in 2024


By Michael Griffiths

A total 23,872 company insolvencies were reported across England and Wales in 2024, new figures from the Insolvency Service have shown.

The figure was 5% down from 2023, which saw the highest annual number since 1993


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abrdn marks improvement on inflows in 2024

abrdn has seen its recovery in its finances, jumping from an outflow of £5.7bn in the final quarter of 2023 to an inflow of £1.2bn in the same period in 2024

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Marston’s raises toast in latest trading update

Marston’s saw its total retail sales increase by 3% year-on-year in the 16 weeks to 18 January across its managed and partnership pubs

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Shoe Zone profit continues to trip up retailer

Profit before tax at Shoe Zone has fallen to £10.1m in the year to 28 September, as the retailer continues to record positive results

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DFS profits up but group cautious over post-Budget costs

DFS is expecting to see a growth in profits in its opening half results but warned it is facing higher costs in 2025 as a result of tax changes in last October’s Budget

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William Hill owner earnings to be ‘well ahead of market expectations’

evoke has stated that following a "strong performance" in Q4 it expects its EBITDA to be "well ahead of market expectations" for the full financial year

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Midwich issues ‘mild’ profit for full-year

Midwich has issued its year end trading update, with analysts describing it as "mild" and a suggestion of "tougher times" that may lie ahead

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Taylor Wimpey stays upbeat despite caution over build costs

Taylor Wimpey has stated that it remains confident for 2025 despite issuing a warning over higher building costs from tax changes announced in the Autumn Budget

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John Wood Group wins Esso Australia contract

John Wood Group has been awarded a "significant" new contract to provide long-term maintenance solutions for onshore and offset assets in Victoria, Australia, operated by Esso Australia

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Premier Inn owner suffers ‘growth problem’ in Q3

The owner of Premier Inn, Whitbread, is witnessing a "growth problem in the UK" according to analysts, as like-for-like (LFL) sales in its accommodation sector dropped by 3% in Q3

Keepmoat announces CFO appointment

Keepmoat has announced the appointment of Mark Dilley as its new chief financial officer (CFO)
Julian Fagge appointed as Smiths Group CFO

Smiths Group has appointed Julian Fagge as its new chief financial officer (CFO), after the current CFO, Clare Scherrer, announced that she was retiring from the role as of 31 January
Currys raises full-year profit outlook

Currys has lifted its profit outlook for the full year after the electrical goods retailer reported a strong period of trading in the 10 weeks to 4 January


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