© tom schmucker dreamstime.com Business | March 15, 2016
Insolvencies figures down for UK
Company insolvencies in the UK were at the lowest level since 1989. An estimated total of 14'629 companies entered into insolvency in 2015, which was 10 percent lower than the total in 2014 and the lowest annual total since 1989 (when 10'456 companies entered insolvency).
England & Wales In the fourth quarter of 2015, there were an estimated 3'067 company liquidations – a 2 percent decrease on the previous quarter and 9.6 percent less than in Q4/2014. In 2015 as a whole there were an estimated 12'855 liquidations, a 9.2 percent decrease compared to 2014. There were an estimated 2'484 creditors’ voluntary liquidations (CVLs) in Q4/2015, a decrease of 1.2 percent on the last quarter, and 3.0 percent lower than the same period a year ago. In 2015 as a whole there were an estimated 9'981 CVLs, which was 4 percent lower than the total in 2014. In October to December 2015 there were 583 compulsory liquidations, a decrease of 5 percent on the previous quarter, and down 30 percent compared with the same quarter in 2014. The number of compulsory liquidations was at the lowest quarterly level since Q3/1989. The annual total of compulsory liquidations in 2015 was 2'874 – 23.5 percent lower than 2014 and the lowest annual total since 1981. Scotland In the fourth quarter of 2015, there were an estimated 260 total company insolvencies, an increase of 20.4 percent compared to Q4/2014. Of these, 232 were company liquidations – a 23.4 percent increase on the same quarter of 2014. Liquidations were fairly stable until 2009, followed by a generally increasing trend until a period of rapid decrease between Q2/2012 and Q1/2013. The total number of company liquidations in Scotland is driven by the number of compulsory cases. This is in contrast to England and Wales, where the number of creditors’ voluntary liquidations (CVLs) account for the majority of company liquidations. This difference may be because in England and Wales, the Insolvency Service manages the initial stage of case administration for all compulsory liquidations, for which a fee is charged. There were an estimated 79 CVLs. The number of CVLs has remained largely stable, with between 50 and 100 cases in each quarter since 2010. There were an estimated 28 other company insolvency procedures in the third quarter of 2015, 24 of which were administrations, two were company voluntary arrangements and two were receivership appointments. In 2015 as a whole there were an estimated 952 total new company insolvencies, 1.1 percent lower than 2014. Northern Ireland There were an estimated 109 company insolvencies in Northern Ireland in Q4 2015, 4.4 percent less than the same quarter in 2014. Of these, 72 were compulsory liquidations (down 4 percent on the same quarter last year), and an estimated 16 were creditors’ voluntary liquidations (CVLs, down 15.8 percent). The number of CVLs in Northern Ireland increased between 2007 and 2010, and has been on a decreasing trend since early 2014. The number of compulsory liquidations has been more volatile. There were an estimated 12 administrations and nine company voluntary arrangements in Q4 2015. In 2015 as a whole there were an estimated 371 new company insolvencies, which was 2.4 percent lower than the total in 2014. This consisted of 223 compulsory liquidations (up 0.9 percent), 75 creditors’ voluntary liquidations (down 16.7 percent), 35 administrations (up 20.7 percent), 35 company voluntary arrangements (down 5.4 percent) and three receiverships (unchanged).
Atlas Copco has acquired the technology and operating assets of iTrap The Swedish company has acquired a technology for process diagnostics and control in the semiconductor industry.
Goodix closes acquisition of Dream Chip Technologies Shenzhen Goodix Technology Co. Ltd., an integrated solution provider, has completed its acquisition of Dream Chip Technologies GmbH (DCT), a fabless German semiconductor technology company.
Rebound Electronics team up with IHS Markit The pace of change in the electronics industry continues unabated for all customer types – OEM, ODM and EMS. This is driven by all component manufacturer types – including semiconductor, passive, connector and electromechanical – dynamically changing pricing, lead time, life cycle management and more.
New management takes the reins at Würth Elektronik eiSos As of the 1st of May 2020, Dirk Knorr and Josef Wörner have been appointed as General Managers for the German business of the Würth Elektronik eiSos GmbH & Co. KG, having been a part of the management circle of the company for years.
Seasoned financial and semiconductor executive joins GlobalFoundries GlobalFoundries has appointed David Reeder as its new Chief Financial Officer (CFO).
Global Semiconductor Packaging Materials Market to Reach $20.8 Billion by 2024 The global semiconductor packaging materials market will track chip industry growth to expand from USD 17.6 billion in revenue logged in 2019 to USD 20.8 billion in 2024, a 3.4% Compound Annual Growth Rate (CAGR), SEMI and TechSearch International forecast.
Analog Devices acquires HDMI business from INVECAS Analog Devices, Inc. has acquired the High Definition Multimedia Interface (HDMI) business of Santa Clara based INVECAS.
Intel’s chief engineering officer to leave the company Changes to Intel’s technology organisation are coming. New leaders have been appointed and Murthy Renduchintala will leave the company.
Schleuniger Group acquires the business of US-based Cirris Systems Corp. Following many years of cooperation, the Schleuniger Group and Cirris Systems Corp. have signed an agreement for Schleuniger to acquire Cirris, based in Salt Lake City, Utah, on the basis of an asset deal.
Mu-Del Electronics acquires Luff Research Virginia-based Mu-Del Electronics LLC, an Ironwave Technologies Company and a manufacturer of high-performance RF and Microwave based systems, is acquiring Luff Research.
Sierra Wireless to divest automotive embedded module product line The company has announced a definitive agreement to divest its Shenzhen, China-based automotive embedded module product line for USD 165 million in cash.
The evolving GaN and SiC power semiconductor market landscape The emerging market for silicon carbide (SiC) and gallium nitride (GaN) power semiconductors is rapidly evolving from a startup-dominated business to one led by large-established power semiconductor manufacturers.
AEM acquires DB Design to expands design & application engineering capabilities AEM Holdings Ltd has acquired 100% stake in California-based DB Design Group, Inc. with its key team of designers and machinists located in California serving the Silicon Valley customer base.
Nanoscribe opens new Microfabrication Experience Center The Microfabrication Experience Center at Nanoscribe’s headquarters in Karlsruhe, Germany is opening its doors these days.
Arm expands R&D centre in Budapest The chip company will be growing its staff of developers by more than 50% at its R&D centre in Budapest, Hungary.
Apple wants its supply chain to be 100% carbon neutral by 2030 The Cupertino company says that its wants to bring its entire carbon footprint to net zero – 20 years sooner than the IPCC targets.
Bosch set to expand in Malaysia with new plant in Penang The German manufacturing giant has signed a Sales and Purchase Agreement (SPA) with the Penang Development Corporation for land in the Batu Kawan Industrial Park in Penang.
Tel-Instrument Electronics receives $1.6M test set order Avionics test and measurement solutions designer and manufacturer, Tel-Instrument Electronics, has received a USD 1.6 million test set order for the South Korean military.
EV Group nearly doubles its cleanroom capacity at its HQ EV Group (EVG) has completed the construction of its new Cleanroom V building at its corporate headquarters in Austria.
China steps up pace of Mini/Micro LED commercialisation By 2024, the global Mini/Micro LED market is projected to reach US$4.2 billion in revenue. The positive outlook of the Mini/Micro LED industry has attracted many investors.
STMicro to strengthen its wireless connectivity capabilities via acquisitions STMicroelectronics has signed two M&A agreements related to the acquisitions of the entire share capital of Ultra Wide Band specialist BeSpoon and of the cellular IoT connectivity assets of Riot Micro.
Standex acquires Renco Electronics Standex International Corporation has acquired privately-held, Florida-based Renco Electronics for approximately USD 28 million in cash with an additional three-year earnout payment based upon achieving certain financial targets.Load more news