18th February 2026 - Credit Connect

Business insolvencies rise by 4%

18th February 2026 Appointments | #business insolvencies

Latest figures from the Insolvency Service have shown that the number of business insolvencies in England and Wales increased by 4% when compared to December 2025to 1,744 in January 2026, but 14% lower than the same month in the previous year (2,028 in January 2025). The insolvency data consisted of 256 compulsory liquidations, 1,323 creditors’…

Personal insolvencies increased by 12% in January

18th February 2026 Arrears and Recoveries | #personal insolvencies

Latest monthly figures from the Insolvency Service for England & Wales have indicated that personal insolvencies increased by 12% in January 2026 compared to January 2025, rising to 10,843 from 9,644. Personal insolvencies were 20% lower in December 2025 compared to January 2026, when numbers were affected by a temporary backlog. The personal insolvency data consisted…

Darlington Building Society appoints Chief Customer Officer

18th February 2026 Appointments | #appointments

Darlington Building Society has announced it has appointed Michael Conville as Chief Customer Officer. Conville joins Darlington, which is celebrating its 170th anniversary this year, from Newcastle Building Society, where he held senior roles as both Head of Mortgage Operations and interim Chief Customer Officer. Darlington Building Society Chief Executive, Andrew Craddock, said “Michael brings a…

Scottish business insolvencies fall

18th February 2026 Business | #business insolvencies

Latest figures from the Accountant in Bankruptcy (AiB) have shown that business insolvencies in Scotland fell in January 2026. The data show that there were 74 company insolvencies registered in Scotland, 1% lower than the number in January 2025. The insolvencies comprised 42 CVLs and 32 compulsory liquidations. There were no administrations, CVAs or receivership appointments.

Northern Irish insolvencies fall

18th February 2026 Business | #Northern Irish insolvencies f

Latest monthly statistics from the Insolvency Service show that business insolvencies and personal insolvencies fell in Northern Ireland in January 2026. The data showed that there were 118 personal insolvencies, 16% lower than in January 2025. The insolvencies comorised of 85 IVAs, 19 DROs and 14 bankruptcies. Business insolvency data showes that. there were 21 company insolvencies,…

72% of consumers abandon baskets at check out after being declined for credit

18th February 2026 Consumer Lending | #consumer credit

72% of consumers abandon their baskets after being declined for credit at checkout, despite over half saying they would look for an alternative finance option. The results, from independent research commissioned by Payl8r, with the figures suggesting that single-lender checkout structures may be contributing to avoidable conversion loss. Payl8r says that the research reveals ‘false…

Takeaway owner who bought goods instead of paying tax bill ordered to repay £70,000

18th February 2026 Commercial Credit Management | #fraud

A former takeaway owner who withdrew tens of thousands of pounds from his bank account and bought items from Apple and Burberry instead of settling his business’s tax bill has been ordered to pay more than £70,000. Zhang Jin Chen was handed a confiscation order for £62,755 to be paid within three months, along with…

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