Credit, Collections & Insolvency News
The Insolvency Service has published its latest figures which indicates personal insolvencies in England & Wales corporate business insolvencies fell by 9% to 686 in February 2021 compared to January’s figure of 754, and were 49% lower than February 2020’s figure of 1,348. The number of registered company insolvencies in February 2021 was 49% lower…
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The Insolvency Service has published its latest figures which indicates personal insolvencies in England & Wales fell by 18% to 6,816 in February 2021 compared to January’s figure of 8,321, and were 21% lower than February 2020’s figure of 8,574. The number of bankruptcies in February 2021 was 898, while the number of Debt Relief…
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Latest figures from Accountant in Bankruptcy (AiB) have shown that Scottish personal insolvencies fell by 41.3% that in the previous 12 months. The figures showed that were 7,967 personal insolvencies in the 12 months to February 2021 (inclusive), 5,608 fewer than in the previous 12 months. Bankruptcies decreased by 48.5% in the 12 months to…
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Latest figures released by the Accountant in Bankruptcy (AIB) have shown that Scottish business insolvencies continued to remain low in February 2021 In February there were 26 company insolvencies registered in Scotland, 70% lower than in February 2020. The figures comprised of 7 compulsory liquidations, 16 CVLs, two administrations, and one CVA. There were no…
Read moreLatest statistics from the Insolvency Service have shown that personal and business insolvencies continue to remain low in comparison to previous years. In February 2021 there were 144 individual personal insolvencies in Northern Ireland, 46% lower than February 2020; this consisted of 107 IVAs, 27 DROs and 10 bankruptcies. Business insolvency figures In February 2021…
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The Competition and Markets Authority (CMA) has published its findings on the price controls for FOUR water companies for 2020-2025. In December 2019, Ofwat published its price controls setting out the total amount water companies can charge for services in 2020-25. In March 2020, Anglian, Bristol, Northumbrian and Yorkshire asked the Competition and Markets Authority…
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New reforms by energy regulator Ofgem could soon call on suppliers to hand £1.4billion in customer credit back to households under plans to stop energy companies from holding on to customer credit balances. Ofgem is concerned that some suppliers may be using customers’ surplus credit balances, which tend to build up over the summer when…
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A new partnership eligibility checker partnership between Experian and The New Homes Group has launched which will enable brokers to quickly understand which lenders will accept customers for a shared ownership mortgage. Shared ownership is the latest scheme to be added to Experian’s pre-qualification eligibility panel. The government’s rules and affordability calculation are included in…
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New data has indicated that nearly 135,000 companies were showing strain this month, roughly three times the pre-pandemic average according to new analysis by Mazars. Businesses in the services and retail sectors accounted for almost three-fifths of those showing distress, with sectors that are allowed to reopen faring better, with construction and manufacturing businesses making…
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StepChange has today warned that 150,000 private renters are at risk of eviction when restrictions are lifted as a result of mounting covid-related rent debts. The warning comes as the charity launches its Covid Debt Rescue campaign. The campaign is calling for a package of emergency financial support to help renters keep their homes while…
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