Credit, Collections & Insolvency News
Prime Minister (PM) Andy Burnham’s early cost-of-living measures may have given households some immediate relief. Still, nearly two-thirds of UK consumers (63%) are concerned that the Government’s recently announced policies could ultimately leave their household worse off, according to new research from Novuna Personal Finance. The findings come after the Government decided to remove VAT…
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Latest figures from the Insolvency Service have shown that the number of business insolvencies in England and Wales was 1,931 in July 2026, 5% higher than in June 2026 (1,847) but 5% lower than the same month in the previous year (2,031 in July 2025). The business insolvencies in July 2026 consisted of 288 compulsory liquidations,…
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Latest monthly figures from the Insolvency Service for England & Wales showed that personal insolvencies remained broadly stable in July 2026 compared to the previous month, with 11,926 people entering insolvency compared to 11,934 in June. Personal insolvencies were 14% higher when compared to July 2025, when the figure was 10,454. The insolvencies consisted of…
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Latest figures from the Accountant in Bankruptcy (AiB) have shown that business insolvencies in Scotland fell in July 2026. The data showed that there were 83 business insolvencies registered in Scotland, 28% lower than the number in July 2025. The total number of business insolvencies comprised 46 CVLs, 31 compulsory liquidations and six administrations. There…
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Latest data from the Insolvency Service has shown that business and personal insolvencies in Northern Ireland increased in July 2026. The data showed that there were 169 personal insolvencies in Northern Ireland. This was 10% higher than in July 2025. The insolvencies comprised of 137 IVAs, 15 bankruptcies and 17 DROs. There were 16 business insolvencies,…
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The Financial Conduct Authority (FCA) has banned Howard Roland Duckett from working in financial services due to a serious lack of honesty and integrity. Duckett was a senior manager at Beauforce Corporation Limited, a debt management firm. The High Court has disqualified Mr Duckett from acting as a company director for 10 years. It found…
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