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personal insolvency rises sharply

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...
businesses in financial distress

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,...
divorce may raise personal debt levels in 2026

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...
Credit Control tips for 2026

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...
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,...