Credit, Collections & Insolvency News
Debt advice charity, the Money Advice Trust, has announced it has appointed two new Trustees to its board. Tom Reddy and Penny Clarke join the board of the charity bringing significant experience from the financial services and telecoms sectors. Reddy brings a wealth of experience from the banking sector, and will chair the charity’s Finance,…
Read more
Latest figures from the Insolvency Service have shown that the number of 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. The insolvencies consisted of 281 compulsory liquidations, 1,578…
Read more
One in five of the 64 profit warnings issued by UK-listed companies during Q3 2025 cited the impact of weaker consumer confidence, the highest proportion recorded for this cause since 2022 and up from just 6% during the same period last year, according to EY-Parthenon’s latest Profit Warnings report. While 19% of all profit warnings referenced falling…
Read more
Latest monthly figures from the Insolvency Service for England & Wales have indicated that personal insolvencies decreased by 3% in September 2025 to a total of 11,101 compared to the August 2025 figure of 11,387 and increased by 7% compared to the September 2024 figure of 10,401. The personal insolvencies consisted of 622 bankruptcies, 3,985…
Read more
Latest figures from the Accountant in Bankruptcy (AiB) have shown that business insolvencies in Scotland increased in September 2025. The data showed that there were 103 business insolvencies registered, 41% higher than the number in September 2024. The insolvencies comprised of 50 CVLs, 48 compulsory liquidations and five administrations. There were no CVAs or receivership…
Read more
Latest monthly statistics from the Insolvency Service show that personal insolvencies fell in Northern Ireland in September 2025, whilst business insolvencies remained at the same level. The data showed there were 108 personal insolvencies, which was 30% lower than in September 2024. The insolvencies comprised of 71 IVAs, 12 bankruptcies and 25 DROs. Business insolvency data…
Read more
Begbies Traynor has announced it has added to its team in Glasgow with the appointment of George Lafferty as Director. Lafferty joins the leading professional services firm from another Glasgow insolvency firm, where he was insolvency director. He has previously held senior positions with other well-known insolvency firms in the city. During his extensive career,…
Read more