LATEST ARTICLES

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...
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...
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...
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...
Sharp rise in Scotland Business distress

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...
personal insolvency rises sharply

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...
businesses in financial distress

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,...
divorce may raise personal debt levels in 2026

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...
Credit Control tips for 2026

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...
uk business insolvency rises by 18%

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...