Credit, Collections & Insolvency News
Latest figures from the Insolvency Service have shown that the number of registered business insolvencies in England and Wales increased by 1.4% in July when compared to the month before. The number of registered business insolvencies in England and Wales was 2,081 in July 2025, similar to both June 2025 (2,053) and the same month…
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Waltham Forest Council Employee Credit Union (WFCECU), trading as Forest Savers, has entered administration and has now stopped trading. The credit union was founded in the 1990s and is based in Walthamstow, London and acts as a financial cooperative, offering its members financial security through saving and borrowing. Dina Devalia and Terri Mulgrew of Quantuma…
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Latest monthly figures from the Insolvency Service for England & Wales have indicated that personal insolvency figures rose slightly in July when compared to last month and to July 2024. Personal insolvencies increased by 1.8% in July 2025 to a total of 10,515 compared to June 2025’s total of 10,328, and slightly increased by 0.3%…
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Latest figures from the Accountant in Bankruptcy (AiB) have shown that business insolvencies in Scotland fell slightly in July 2025 The data showed that there were 116 company insolvencies registered in Scotland, slightly lower than the number in July 2024. The total number of business insolvencies comprised of 68 CVLs, 43 compulsory liquidations, 4 administrations…
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Latest monthly statistics from the Insolvency Service show that personal insolvencies increased slightly in Northern Ireland, whilst business insolvencies fell in July 2025. The data showed that there were 153 personal insolvencies. This was 1% higher than in July 2024. The insolvencies comprised of 114 IVAs, 9 bankruptcies and 30 DROs. Business insolvency data showed…
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Cornwall Insight has published its final October price cap forecast, predicting a 1% increase in energy costs. The forecast for the October–December 2025 predicts the cap will rise to £1,737 a year for a typical dual fuel household2 this winter. This would represent an increase of £17 and 1% from the current price cap which…
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Latest Insolvency Service data in July 2025 has shown that the construction industry experienced the highest number of insolvencies in the 12 months to June 2025 at 3,984, making up 17% of all industry cases. Kelly Boorman, National Head of Construction at RSM UK, said “The latest insolvency figures show that the construction industry continues…
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Accountants and financial advisers are increasingly seeing clients struggling to pay tax bills, with the average bill they are struggling to pay coming in at £120,000, according to research from Premium Credit. The study found almost all (94%) accountants and financial advisers who advise on tax have seen a rise in clients struggling to pay…
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A new study by Go Compare has suggested that the announcement of the Renters’ Rights Bill may have triggered a surge in rent hikes across England, with more than half of tenants (53%) experiencing a rent increase since September last year, when the bill was first introduced to Parliament. In comparison, just 38% saw a…
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