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madame tussauds served with winding up petition

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...
ai debt collection not as effective as humans

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...
company insolvency increases

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%...

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Late payment continues to ‘kill’ UK Businesses

Recent research shows that many UK Businesses are being forced to make staff redundant and often, do not have sufficient funds to pay salaries.The...

Scottish motorists Debt Collection woes

English Debt collectors are being drafted in to chase up unpaid parking fines for car parks across the north-east Scotland, a charity has claimed. Citizens Advice...

Children to be given lessons on illegal loan sharks

School children in parts of England are to be given lessons, warning them about the use of illegal loans sharks.The IMLT (Illegal Money Lending...

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10 year ban for dodgy Director

The insolvency service has issued a huge 10 year ban to a rogue director following investigations. Grigorijs Hacaturjancs, 34, originally from Latvia, has been...