Scotland sees sharp rise in Business Distress
The number of Scottish businesses in critical financial distress surged to 3,517 in Q4 2025, marking a 49.5% increase compared to the same period in 2024, when the figure stood at 2,353.
This alarming rise,...
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 to January 2025, rising to 10,843 from 9,644. Personal insolvencies...
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, UK businesses faced ongoing challenges stemming from prolonged economic uncertainty,...
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 to end their marriages.
Current Google data supports this trend, showing...
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 that the money owed to you actually lands in your...
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...
