POPULAR NEWS
Directors to be held personally liable for company collapses
VINCE CABLE has outlined proposals to shake up the insolvency profession, including plans to make directors personally liable for corporate collapses.
Wonga faces Police investigation over false Debt Collection scam
Further to this weeks earlier revelations, shamed payday firm Wonga, which presents itself as the “straight talking” short term loans company may now face...
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Over 75% of SMEs have cashflow worries says new data
Latest data from Time Finance has uncovered the true impact of late payments for SMEs...
Number of Insolvent Businesses decreases by 10%
Latest figures from the Insolvency Service have shown that the number of business insolvencies in England...
Payday Loans to cause ‘Debt Tsunami’ warns MP
Labour MP Stella Creasy has warned that a "debt tsunami" will engulf Britain if the payday loans industry is not regulated.
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Retail Sector Insolvencies on the rise
According to new research by insolvency specialist RPC, in the past year the number of...
Law Firm Manager stole £176k from Clients Account
A former Law Firm manager who transferred thousands of pounds from client accounts has said...
Sharp increase in number of CCJs issued in Q3, 2023
The latest figures for the number of CCJs issued has been released by the Registry...
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CYCLING TOUR
Late Payment – The problem that won’t go away
With Brexit dominating the economic spectrum, Small businesses in the UK are under major cash flow pressure which in turn is leading to increased...
£4m Dubai Debt upheld by English Court
An English Court has ordered an ex-Football Club boss to repay a Debt order issued by a Dubai Court. The Court ruling made in Dubai...
HMRC gets tough with new Debt Collection powers
As part of the Governments new budget announcement, the HMRC are to be given new powers to strengthen their Debt Collection powers as part...
Concern over Tax Credit Debt Collectors
Campaigners have called on the government to ensure debt collectors have high standards when collecting tax credit overpayments.
Director banned after firm closes with £1.3m of debt
A Director has been handed a 6 year ban from being a Director after his company was forced to close amid masses of unpaid...
TENNIS
Bad Weather Attributed to Rising Insolvency Rates
The number of high street retailers suffering financial collapse rose 10.3% between April and June as the wet weather added ...
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Cameron upbeat despite IMF growth concerns
The Prime Minister has said it is time for Plan A+ after the International Monetary Fund (IMF) slashed its growth forecast for the UK.
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LATEST ARTICLES
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 to the same month last year, according to the Insolvency...
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 administration, ceasing all trading activities effective immediately. This development brings...
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 kept over £50,000 of funds collected for their clients.
The companies,...
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 Universities.
As artificial intelligence reshapes industries from finance to customer service,...
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 led to fresh concerns over how the authority manages its...
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, a former police investigator with a background in economic crime,...
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 and Nicola Murray decided to wind up their Scotparts UK...
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, the UK’s insolvency and restructuring trade body. R3’s analysis of data...
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, have been appointed joint administrators of medicinal gas pipeline installation...
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 report shows that of the 1,036 directors who were disqualified,...
