Archive for May 2023
DeTrafford Downfall: Collapsed Ventures and Investor Claims
The recent financial collapse of multiple DeTrafford property development companies has significantly impacted investors. With failed projects and rising debts, the company’s future remains uncertain. As investors navigate the consequences, a glimmer of hope arises as we delve into bringing claims against third parties. In this article, we explore the troubled history of DeTrafford and…
Read MoreConstruction Firms Face Financial Pressure, Leading to Insolvency
The construction industry is currently going through a challenging phase, as shown by recent data from the UK’s Insolvency Service. During the first quarter of 2023, there was a notable increase in insolvencies. With construction companies making up nearly 1/5th of all recorded cases. This figure amounts to 19% of known insolvent firms. This is…
Read MoreOverdue Invoices and the Rise in Insolvency Figures
Insolvency figures were off the charts in England and Wales in March 2023. The latest data shows a 30% increase in companies going under with a rise in overdue invoices. It’s a rough time for businesses, particularly those in hospitality, retail, and travel. In the wake of COVID-19, the economy is still in chaos. Moreover,…
Read More