Credit, Collections & Insolvency News
Business volumes in the financial services (FS) sector fell at the quickest rate since June 2020 in the third quarter of 2025, according to the latest CBI data. Despite the sharp deterioration in activity, sentiment was broadly flat in the three months to September, marking an improvement compared with the previous quarter’s steep drop. The…
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A Manchester-based company has been shut down after investigations revealed it was acting as a front to enable unlicensed insolvency activities previously carried out by another firm. Davis Acquisitions Ltd became the director of 78 client companies previously associated with Save Consultants Ltd, allowing directors to transfer control and avoid formal insolvency proceedings. Websites of…
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Data On Demand has announced it has appointed Denise Crossley to its board. Crossley is the former Group Chief Executive Officer and current Non-Executive Director (NED) of Lantern Group and served for more than 12 years as a Non-Executive Director of the Credit Services Association (CSA). She brings extensive experience in debt recovery, operational governance…
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New data from Purbeck Insurance Services has found that loans to small and medium-sized enterprises are showing record levels of funding being secured, along with a strong demand for personal guarantee insurance (PGI) protection for business owners. The data shows the average loan secured has risen to £289,827 from £204,035 in Q3 2024 – a 42%…
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A Freedom of Information request by Which? has found that Revolut and Monzo have emerged as the top banks for fraud complaints filed with the Financial Ombudsman Service (FOS). Revolut received 1,875 complaints, while Monzo had 1,063. The data is split between authorised push payment (APP) fraud and other scam or fraud complaints. APP fraud involves…
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