Credit, Collections & Insolvency News
Latest research by the British Retail Consortium (BRC) has shown that high inflation is weighing on consumer confidence. The data showed that state of the economy worsened to -36 in September, down from -32 in August with the personal financial situation worsened to -7 in September, down from -6 in August. Personal spending on retail rose…
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WeDo Business Finance has announced that it has appointed Aman Gill as Head of Credit Risk and Underwriting. Gill has worked in financial services for nearly 20 years and has joined from Bibby Financial Services, where he was responsible for structuring and underwriting asset-based lending facilities as head of trade services and corporate underwriter. Kelly…
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A tour operator has been jailed after securing two maximum-value £50,000 Covid Bounce Back Loans when businesses were only entitled to one. Raja Imtiaz fraudulently applied for a second Bounce Back Loan on behalf of Al Fayroz Travel & Tourism Limited in the summer of 2020, just two weeks after securing another £50,000 loan for…
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Latest figures from the Insolvency Service have shown that the number of registered business insolvencies in England and Wales fell by 1.7% in August 2025 to a total of 2,048 compared to July 2025’s total of 2,083, and increased by 5.9% compared to August 2024’s figure of 1,933. There were 2,048 in August 2025 the…
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Latest monthly figures from the Insolvency Service for England & Wales have indicated that personal insolvency figures increased by 6.8% in August 2025 to a total of 11,348 compared to July 2025’s total of 10,624, and increased by 16.1% compared to August 2024’s figure of 9,778. In August 2025, 11,348 entered insolvency in England and…
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Latest figures from the Accountant in Bankruptcy (AiB) have shown that business insolvencies in Scotland fell slightly in August 2025. The data shows that there were 95 business insolvencies registered in Scotland, which was 7% lower than the number in August 2024. The business insolvencies comprised of 47 CVLs, 43 compulsory liquidations and five administrations.…
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Latest monthly statistics from the Insolvency Service show that business and personal insolvencies increased in Northern Ireland in August 2025. In August 2025, there were 134 personal insolvencies. This was 49% higher than in August 2024. The insolvencies consisted of 109 IVAs, 6 bankruptcies and 19 DROs. There were 12 business insolvencies, 9% higher than in…
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Just 19% (12,430) of the 66,860 senior executives in the UK financial services businesses are women according to analysis. by Fox & Partners. The share of senior roles held by women within financial services businesses has increased only marginally on the 18% of senior roles held by women a year ago. The data covers senior…
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