Credit, Collections & Insolvency News
RSM UK is urging businesses to be fully prepared for a cyber-attack, as recent figures from the NCSC (National Cyber Security Centre) show a worrying rise in ‘nationally significant’ cyber incidents. These attacks, which can cause significant business disruption and financial loss for businesses and consumers, have more than doubled already this year. Cyber-attacks are…
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Four million people in England and Wales are trapped in a negative budget, meaning they simply don’t have enough money coming in to pay for essentials like food, energy or housing, Citizens Advice is warning. The charity’s latest research shows on top of those in the red, hundreds of thousands more have cut their spending…
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Latest Consumer Intelligence marketView data shows the average cost of credit on monthly motor insurance payments fell from 10.6% in August 2024 to 9.7% in August 2025, continuing a year-on-year downward trend. Almost half of all active insurers reduced their instalment costs during this period. Consumer Intelligence says that the fall reflects a wider shift…
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Business process outsourcing (BPO) specialist, Target Group has announced the appointment of Shashi Bhat as Chairman to help steer its next phase of growth in financial services and wider regulated sectors. Bhat has more than three decades of experience in financial services, building deep sector knowledge and expertise across sales and operations, business strategy and digital…
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Latest Insolvency Service data has shown that the construction industry experienced the highest number of insolvencies in the 12 months to August 2025 at 3,934, making up 17% of all industry cases. Kelly Boorman, National Head of Construction at RSM UK, said “The latest insolvency data confirms construction remains the hardest-hit sector, with the highest…
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