Credit, Collections & Insolvency News
Creditors are moving to shut down struggling companies at the fastest rate in at least three years, according to new figures obtained from the Ministry of Justice. Courts in England and Wales received 7,049 winding-up petitions in 2025 – up 11% on the 6,337 lodged in 2024 and 35% higher than the 5,220 recorded in…
Read more
Latest ONS data has shown that the UK consumer price inflation fell from 2.8% to 2.6% in the year to June, its lowest level since March 2025. The figure was below the 2.7% forecast and marked the third consecutive month in which inflation undershot expectations. Lower petrol and diesel prices, easing food inflation and clothing…
Read more
CPI inflation fell to 2.6 per cent in June, down from 2.8 per cent in May, a welcome fall that was slightly larger than expected, and hands the new Government some early breathing space of its own, but it looks set to be short-lived as renewed tensions in the Middle East and rising energy costs…
Read more
More than half (52%) of SMEs are currently struggling to pay tax bills as the full impact of recent tax increases kicks in, new research1 from Premium Credit shows. The biggest tax bill issue currently is Corporation Tax, which more than a fifth (22%) say they are struggling to pay, while 12% say they struggle…
Read more