7th January 2026 - Credit Connect

FCA fines former finance directors of Carillion

7th January 2026 Commercial Credit Management | #FCA #Finance directors #regulation

The Financial Conduct Authority (FCA) has announced that it has fined two former finance directors for their part in misleading statements being issued by Carillion plc. Richard Adam and Zafar Khan were both aware of serious financial troubles in Carillion’s UK construction business but failed to reflect this in company announcements or alert the board…

Record numbers seeked debt advice over Christmas and New Year

7th January 2026 Arrears and Recoveries | #christmas #new year

Free debt and money advice service, Money Wellness, has reported a significant rise in people seeking support over the festive period, highlighting growing financial pressures on households as they head into 2026. Between Christmas Eve and Boxing Day, 6,083 people contacted Money Wellness for advice on managing debt – a 29% increase on last year.…

84% of small businesses plan growth initiatives in 2026

7th January 2026 Commercial Credit Management | #business growth

New research from Novuna Business Finance has revealed a five-year peak in the percentage of small business owners (84%) who are starting 2026 with plans to invest in new growth initiatives to make their enterprises stronger for the year ahead Following a challenging trading period in 2025, during which the percentage of small business owners…

Shop price inflation predicted to remain elevated in 2026

7th January 2026 Commercial Credit Management | #inflation

The British Retail Consortium has warned that shop price inflation is likely to remain elevated into 2026 as retailers face ongoing labour, logistics and compliance costs. Latest data shows that shop price inflation picked up to 0.7% year on year in December, against growth of 0.6% in November. This is in line with the 3-month…

Average credit card balances fell for first time in 6 months in October 2025

7th January 2026 Consumer Lending | #credit card payments

Latest credit card analysis by Fico has revealed that pre-Christmas spending and average active balances fell, whilst average balances for missed accounts remain high, reflecting continued financial pressure. The October 2025 data showed a decline in credit card spending compared with the previous month and the previous year. Lower spending led to average balances falling…

Cred appoints new Chief Executive Officer

7th January 2026 Appointments |

Cred, the next-generation credit app, has announced the appointment of Matt Trueman as its new Chief Executive Officer, effective immediately, pending FCA approval. J Trueman joins from credit management consultancy Arum. He brings over two decades of leadership experience in financial services, with extensive knowledge in technology deployment, and a wealth of expertise in scaling credit…

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