This Week Trends
Lloyds Banking Group's bill for compensating customers who were mis-sold payment protection insurance (PPI) has risen to more than £8 billion.
It has been revealed that a shocking 13% of micro-businesses in the UK have waited 12 months or more to have their invoices paid, according to new research results released.A Business survey conducted has found that almost half of companies with less than 10...
A North London government authority has agreed to pilot a new debt collection project with London debt collection agency Agilisys Revenue Collection.Enfield Council has instructed the firm to target their historical council tax debt ledger, previously deemed 'non-collectable' by...
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Hot Stuff Coming
Half of Small Businesses trading in the red
According to the latest Small Business Insights published by Xero, half of the small businesses in the UK are currently trading in the red.The...
Proposals could see bankruptcy period extended
Individuals declaring bankruptcy could be facing tougher measures by way of extended bankruptcy periods from 1 to 3 years if new proposals are accepted.R3,...
Personal Debt Levels Dropping
Over a third (35 per cent) of Brits have reduced their debt levels in the last year according to new research from MoneySupermarket.com.
Personal & Company Insolvencies decrease
Personal Insolvencies have reached their lowest point in ten years according to official figures released by the insolvency service.2015 saw 79,965 declared insolvent. This...
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LATEST ARTICLES
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...
