“Sometimes the simplest things are the most profound. My job is to bring out in people & what they wouldn’t dare do themselves“
Use of Winding Up Petitions hits 3 year high
Creditors are moving to shut down struggling companies at the fastest rate in at least three years, according to new figures obtained from the...
Insolvency Service using AI to spot Phoenix Company abuse
A new Insolvency Service taskforce will target ‘abusive phoenixism’ by company directors. The Insolvency Service will use AI to root out rogue directors who...
May sees drop in Business Insolvencies
Latest figures from the Insolvency Service have shown that the number of business insolvencies in England and Wales fell to 1,868 in May 2026, 10%...
Hiring a Debt Collection Agency – Why Regulated Agencies Matter
New findings from UK Debt Collection News have highlighted just how much rests on the choice of debt collection agency—and how many businesses overlook...
‘Arrogant’ Businessman Jailed After Transferring £3 Million to avoid paying Debts
A property businessman who breached a director disqualification order for over a decade has been jailed for four years after orchestrating an elaborate scheme...
BBC appoints new Debt Recovery partner as Licence Fees evasion hits...
The BBC has appointed debt collection company Themis Recoveries to pursue households suspected of avoiding the television licence fee, adding a dedicated recovery partner...
HMRC spends over £5m in one month on Debt Collection services
HM Revenue & Customs has dramatically ramped up its use of private debt collection firms, spending more than £5 million in a single month...
Debt Collection firm served with Winding Up Petition
UK debt collection company McVicar Debt Collection Ltd based in Preston, Lancashire is facing renewed legal pressure after being served with a second winding...
Medical tech firm crashes into Liquidation
An Oxfordshire-based medical technology company that spent over a decade developing cutting-edge patient monitoring systems has entered liquidation, leaving behind millions of pounds in...
New Business Late Payments Legislation unveiled
The Government has introduced new legislation aimed at protecting small businesses by ensuring companies pay their suppliers within 60 days. Late payments could now...
Scotland sees sharp rise in Business Distress
The number of Scottish businesses in critical financial distress surged to 3,517 in Q4 2025, marking a 49.5% increase compared to the same period...
January sees a rise in Personal Insolvencies
The latest monthly figures from the Insolvency Service for England & Wales have indicated that personal insolvencies increased by 12% in January 2026 compared...
43.8% rise in Businesses suffering Financial Distress
The latest Red Flag Alert research from Begbies Traynor has revealed a significant 43.8% year-on-year increase in ‘critical’ financial distress during Q4 2025.
Throughout 2025,...
Spike in Divorces in January may raise Personal Debt Levels
Often dubbed ‘divorce month’, January has long been recognised as the time of year when family lawyers see a significant rise in people seeking...
Best 10 Credit Control Tips for UK Businesses in 2026
Cash flow remains the lifeblood of any UK business. In 2026, navigating the financial landscape requires more than just making sales; it requires ensuring...
Business Insolvencies Surge Amid Economic Pressures
The number of businesses collapsing in England and Wales has seen a sharp increase, with 2,029 companies going insolvent in October—a 17% rise compared...
FCA Regulated Debt Collection Agency enters Administration
Scott and Mears Credit Services Enters Administration
Scott and Mears Credit Services Ltd, a prominent name in the UK's debt recovery sector, has officially entered...
Scam Debt Collection Agencies shut down for keeping Client’s monies
Scam Debt Collection firms shut down
Three connected debt collection agencies in Sunderland have been closed by the High Court after an investigation found they...
AI Debt Collection much less effective than Humans says new study
Businesses turning to AI debt collection may be sacrificing significant results and customer trust, according to new research from one of the Worlds top...
Lambeth Council facing £62.8 Debt Collection crisis due to Overdue Invoices
Lambeth Council is currently owed £62.8 million in overdue invoices and debts – an increase of more than 12% on last year’s figures.This has...
























