Credit, Collections & Insolvency News
Latest figures from the Insolvency Service have shown that the number of business insolvencies in England and Wales decreased by 6.7% to 1,866 in November 2025, compared to the November 2024 figure of 2,001. The business insolvencies consisted of 250 compulsory liquidations, 1,461 creditors’ voluntary liquidations (CVLs), 136 administrations, 18 company voluntary arrangements (CVAs) and…
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Latest monthly figures from the Insolvency Service for England & Wales have indicated that personal insolvencies decreased by 12% in November 2025 to a total of 9,343 compared to the October 2025 figure of 10,612. The Insolvency Service moved to a new case management system on 1st November 2025. As a result, there was a…
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Latest figures from the Accountant in Bankruptcy (AiB) have shown that business insolvencies in Scotland fell in November 2025. The data showed there were 98 company insolvencies registered in Scotland, 14% lower than the number in November 2024. The business insolvencies comprised of 58 CVLs, 33 compulsory liquidations and seven administrations. There were no CVAs or receivership…
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Latest monthly statistics from the Insolvency Service show that business insolvencies increased whilst personal insolvencies fell in Northern Ireland in November 2025. The data shows that there were 43 business insolvencies registered in Northern Ireland, 169% (2.7 times) higher than in November 2024. The insolvencies comprised of 33 compulsory liquidations, eight CVLs and two CVAs. There were…
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More than six in ten (62%) parents believe a traditional Christmas is under threat due to the cost of living, with four in ten (40%) having to prioritise essential bills over festive spending, new research from Nationwide reveals. The poll of over 1,000 parents, done in partnership with charity Action for Children, also reveals that 42…
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London Capital Credit Union has announced the appointment of Gurminder Singh Bhagrath as its new Chief Executive Officer. Bhagrath takes over from Martin Groombridge, who led London Capital Credit Union for almost 18 years. Commenting on his appointment, Bhagrath said “As I step into the role of CEO at London Capital Credit Union, I want…
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The Payment Systems Regulator (PSR) has outlined changes that will provide businesses with more information on the card payment fees they incur. This follows its market review which found Mastercard and Visa don’t face competition with fees rising and a lack of clarity on how much businesses will have to pay to accept card payments. Card payments…
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The Financial Conduct Authority (FCA) will allow banks to set their own contactless payment limits from 19th March 2026. Currently, the limit stands at £100, raised from £45 five years ago. The FCA aims to enhance fraud prevention by permitting only banks with strong fraud controls to adjust these limits. People could find it easier…
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