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uk business insolvency rises by 18%

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 debt collection agency

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...
netflix star linked to debt collection scam

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 not as effective as humans

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...
local council in surrey is facing insolvency

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...
insolvency service closing half of its offices

Insolvency Service appoints Crypto Debt Recovery Expert

The UK Insolvency Service has appointed its first crypto intelligence specialist to help with enforcement recover crypto from bankruptcy, civil and criminal cases. Andrew Small,...
rogue director banned

Director banned for £200k bank payment days after Company collapsed

A Scottish businesswoman has been banned as a company director after paying her daughter £200,000 days after their firm collapsed. Mother and daughter Hazel Lamont...
overdue invoices scotland wales

Business Overdue Invoices hit 26 month high in Wales

The number of overdue invoices on the books of Welsh businesses hit a 26-month high in April 2025, according to new research from R3,...
medical suppliers

Medical Sector Suppliers collapses after 41 years trading

A well known Medical Gas Suppliers company has ceased trading after plunging into administration after 41 years. Blair Milne and James Fennessey, partners with Azets,...

Number of Limited Company Director disqualifications rises

Latest figures from the Insolvency Service show the agency banned more than 1,000 directors in 2024-25, of which 736 were for Covid loan abuse. The...