18th March 2026 - Credit Connect

Personal insolvencies increased in February

18th March 2026 Consumer Collections | #personal insolvencies

Latest monthly figures from the Insolvency Service for England & Wales have indicated that personal insolvencies increased by 18% when compared to February 2025 and 6% higher than in January 2026, totalling 11,609 insolvencies. The personal insolvency data consisted of 768 bankruptcies, 4,210 debt relief orders (DROs) and 6,631 individual voluntary arrangements (IVAs). The 6,631 IVAs registered…

Business insolvencies increase by 7.4%

18th March 2026 Business | #business insolvencies

Latest figures from the Insolvency Service have shown that the number of business insolvencies in England and Wales increased by 7.4% in February 2026 when compared to the previous month. The data showed that there were 1,878 business insolvencies. The figures was 7% lower than the same month in the previous year (2,015 in February…

Northern Irish business and personal insolvencies rise

18th March 2026 Business | #Northern Irish insolvencies

Latest monthly statistics from the Insolvency Service show that business insolvencies and personal insolvencies rose in Northern Ireland in February 2026. The data showed that there were 25 company insolvencies registered in Northern Ireland, 19% higher than in February 2025. The insolvencies comprised of eight compulsory liquidations, 16 CVLs and one administration. There were no CVAs or receivership…

Scottish business insolvencies fall 5%

18th March 2026 Business | #scottish business insolvencies

Latest figures from the Accountant in Bankruptcy (AiB) have shown that business insolvencies in Scotland fell in February 2026. The data show that there were 98 business insolvencies registered in Scotland, 5% lower than the number in February 2025. The business insolvencies comprised of 50 CVLs, 39 compulsory liquidations, six administrations, two receivership appointments and one CVA.

Fraudster ordered to pay back more than £120,000 after securing Covid loans in his wife’s name

18th March 2026 Commercial Credit Management | #fraud

A jailed fraudster has been ordered to hand back more than £120,000 after securing Covid loans in his wife’s name. Shohid Ahmed applied for three maximum-value Bounce Back Loans on behalf of Red Square Restaurants Limited, using his wife’s name because she had a better credit history. The 41-year-old, of Bardsey Crescent, Bradford, received £100,000…

Business bank lending increased by 9% in 2025

18th March 2026 Alternative Business Lending | #business lending

The British Business Bank’s Small Business Finance Markets 2025/26 report has found that gross SME bank lending increased by 9% to £68bn in 2025, making it the second highest level in the past 13 years after 2020’s covid peak, as credit conditions eased gradually through the year. Business dynamism is showing signs of improvement, with…

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