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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...
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,...
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...
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 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...
CCJ Enforcement is extremely ‘slow and ineffective’ says Judge
Claimants are struggling to recover Unpaid CCJs in England and Wales due to justice system failures. A body chaired by a Senior Judge has...
Green Energy firm enters administration
Green energy firm Ripple Energy which provided renewable power to over 20,000 customers in the UK has filed notice to appoint administrators.Ripple allowed customers...
6 in 10 Small Businesses restricted by late payments
A new report from GoCardless, in partnership with the Federation of Small Businesses (FSB), has revealed an escalating late payments crisis threatening UK small...
Scam Debt Collectors firm shut down by Authorities
Bristol based debt recovery business which didn’t hand over money is shut downAn Insolvency Service investigation found that Encore Capital Group Inc Ltd trading...
Businesses suffering from significant Late Payment delays
Latest data from Money.co.uk has found that on businesses are facing 47-day payment delays.The FSB has described late payments as one of the ‘biggest...
Trade Body calls on Government to improve its Debt Collection methods
In a new report, the Credit Services Association (CSA), the UK trade body for the debt collection and debt purchase sector, has called on...
