LATEST ARTICLES

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 Ministry of Justice.Courts in England and Wales received 7,049 winding-up...
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 deliberately fold their companies to dodge tax and walk away...
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% lower than in April 2026 (2,087), and 16% lower than...
hiring a debt collection agency - critical factors to consider

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 one crucial question before they hire: is that agency actually...
solicitor jailed for stealing clients money

‘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 to move £3 million out of reach of his creditors...
bbc debt recovery for licence fees

BBC appoints new Debt Recovery partner as Licence Fees evasion hits 12.5%

The BBC has appointed debt collection company Themis Recoveries to pursue households suspected of avoiding the television licence fee, adding a dedicated recovery partner alongside its long-standing contractor, Capita. The move follows a sharp...
cvas drop after change in hmrc debt collection

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 as the government steps up efforts to claw back billions...
debt collection firm served with winding up petition

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 up petition within a year, whilst also carrying an estimated...
cost of bankruptcy petitions to rise

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 liabilities and raising questions about the sustainability of innovative but...
government to review uk small business late payments

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 result in significant fines, and boards will be required to...