Credit, Collections & Insolvency News
The percentage of small businesses predicting growth has fallen to 24% – its lowest level for 12-years, with significant downturns in the construction (15%), retail (21%) and hospitality (21%) sectors. Whilst small business growth forecasts rose modestly in the north west, they fell in every other region of England and Wales – with the position…
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Latest figures from the Insolvency Service have shown that the number of business insolvencies in England and Wales fell by 10%. There were 1,845 business insolvencies in June 2026,. The figures were similar to in May 2026 but 10% lower than in June 2025. The business insolvencies in June 2026 consisted of 276 compulsory liquidations,…
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National debt charity StepChange has won a top award for its work to tackle illegal lending and keep its clients safe from loan sharks. The charity, which has its headquarters in Leeds, has been awarded Partner Plus Accreditation by the Illegal Money Lending Team (IMLT), known as Stop Loan Sharks, in recognition of its ongoing…
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Latest monthly statistics from the Insolvency Service have shown that personal insolvencies increased whilst business insolvencies declined in June 2026. The data showed that in June 2026, there were 189 personal insolvencies in Northern Ireland. This was 13% higher than in June 2025. The insolvencies comprised 136 IVAs, 20 bankruptcies and 33 DROs. The business insolvencies…
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Latest monthly figures from the Insolvency Service for England & Wales for June 2026 show that there were 11,871 personal insolvencies, 5% higher than in May 2026 and 16% higher than in June 2025. The insolvencies consisted of 674 bankruptcies, 3,879 debt relief orders (DROs) and 7,318 individual voluntary arrangements (IVAs). The 7,318 IVAs registered in…
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Latest figures from the Accountant in Bankruptcy (AiB) have shown that business insolvencies in Scotland remained stable in June 2026. The data showed that there were 104 business insolvencies registered in Scotland, which was similar to the number in June 2025. The insolvencies comprised 61 CVLs, 41 compulsory liquidations and two administrations. There were no CVAs or…
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