31st July 2023 - Credit Connect

Thousands of retail outlets have disappeared from towns in past five years

31st July 2023 Business | #business insolvencies #shop closures

British towns have lost 6,000 retail outlets over the past five years, though the vacancy rate has improved in some settings, according to latest British Retail Consortium figures. The figures showed that the biggest 650 towns across have lost a combined 6,000 retail outlets, such as shops and restaurants, since 2018 with vacancy rates reaching…

Money pressures causing friendship struggles for a third of adults

31st July 2023 Consumer Collections |

More than a third of people (36%) admit that the cost-of-living crisis has put a strain on their friendships, new research TopCashback has revealed. The survey found that respondents most commonly blamed this strain on friends having higher wages or being more time-poor due to increased work commitments. More than two thirds (67%) say the…

Business insolvencies reach highest level in 14 years

31st July 2023 Business | #business insolvencies rise

Latest quarterly figures from the Insolvency Service have shown that the number of business insolvencies in England & Wales jumped to 13% in Quarter 2 (Q2) 2023 compared to Q2 2022, and reached the highest level since Q2 2009, Q2 figures were also 8.9% higher than in Q1. The figures show between 1st April and…

Business late payments figures continue to grow

31st July 2023 Commercial Collections and Recoveries | #late payments

An improvement in jobs and sales growth across UK small businesses in June has been largely offset by increasing late payments and a slowdown in wages growth, according to the latest data from global small business platform Xero. The company Small Business Index, based on anonymised and aggregated data from hundreds of thousands of small…

Renters facing greater difficulties than homeowners

31st July 2023 Industry opinion |

While the UK’s current high-interest rates have gathered plenty of news coverage for their challenging impact on homeowners, UK renters are facing even greater levels of difficulty. Recent headlines related to interest rates and the cost of living have focused a lot on the homeowner market and the tough changes many are, or will soon…

Personal Insolvency figures fall to lowest levels since 2020

31st July 2023 Arrears and Recoveries | #personal insolvencies

Latest quarterly figures from the Insolvency Service for England & Wales have indicated that personal insolvency has dropped to 11%. its lowest quarterly level since Quarter 3 (Q3) 2020, heavily fuelled by a reduction in IVA registrations in the quarter. The figures showed that there were 26,390 individuals entering either bankruptcy (1,826) a debt relief order…

Northern Irish personal insolvencies rise whilst business insolvencies fall 40%

31st July 2023 Business | #Northern Irish insolvencies

Latest quarterly statistics from the Insolvency Service have indicated that Northern Irish personal insolvencies increased by 4%. In Quarter 2 (Q2) 2023 there were 458 personal insolvencies, 4% higher than the same quarter in 2022. The personal insolvencies comprised 349 IVAs, 47 DROs and 62 bankruptcies. The business insolvencies figures showed that there were 35 company insolvencies…

Create your Account:

1. Please fill in the boxes below with your email, tick the relevant newsletters you would like to subscribe to and click the Sign Up button.

2. Wait for the double opt-in page to open and confirm your email address.

3. You have subscribed and have agreed to receive the newsletters.

Credit Connect Media is committed to reserving your right to privacy. By using our website and services you consent to our collection and use of your information as described in or privacy policy.

Credit Connect Media has set up a network of business partners whose products and services may be interesting and useful to you. They may contact you from time to time. By subscribing you confirm that you agree to our Terms & Conditions statement.