Credit, Collections & Insolvency News
Almost two-thirds (61%) of SME finance brokers report submitting over half of their loan applications to alternative lenders in the last four weeks, according to research by Iwoca. Iwoca says that the shift underlines a change in business attitudes, with demand for modern, tailored financial solutions now outpacing traditional banking options. Speed of decision-making is…
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Latest British Retail Consortium data has shown that total UK footfall decreased by 0.4% in July (YoY), up from -1.8% in June. High Street footfall decreased by 1.7% in July (YoY), up from -3.0% in June whilst Retail Park footfall increased by 1.7% in July (YoY), up from -1.1% in June. Shopping Centre footfall decreased by 0.3% in July (YoY), up from -1.6%…
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Listed companies in the FTSE Construction and Materials sector issued eight profit warnings during H1 2025, four times the number issued during the same period last year and the highest total since the Covid-19 pandemic in 2020, according to EY-Parthenon’s latest Profit Warnings report. Listed firms in the sector issued three profit warnings in Q2, down…
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The Bank of England has cut interest rates to 4%, with the cut from 4.25% marking the fifth reduction since August 2024. The Bank of England’s Monetary Policy Committee (MPC) voted 5:4 for a cut. One voted for a 0.5% cut and four voted for rates to be held. Responding to the news, Federation of…
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A pioneering new service has launched with the ambition to reshape the commercial debt recovery and enforcement landscape across England & Wales. Remote Court Users (RCU) introduces a streamlined, scalable model that places creditors, legal professionals, enforcement agencies, and the court system in closer alignment, delivering efficiency, transparency, and societal benefit. RCU positions itself as…
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New figures released by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) in June 2025 grew by 1% compared with the same month in 2024. In the first half of 2025, new business was also 1% higher than in the same period in 2024. The…
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A Staffordshire businessman who sold seven historic cars, including two Jaguars and three Rolls-Royces for just £1 to another company he also controlled has been banned as a director. Kulbarg Singh, was the director of Aldridge Construction Engineering Ltd when he entered into an asset purchase agreement with Ace Earth Solutions Ltd in 2021. At…
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Total like-for-like retail sales (in-store and online) grew by just +2.8% in July, compared to a base of +3.0% in July 2024, according to the latest High Street Sales Tracker from accountancy and business advisory firm BDO. Sales in bricks-and-mortar stores grew by just 0.8% compared to July 2024, delivering a result significantly below inflation and therefore…
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Digital credit specialist ,LoanTube has announced that it has partnered with Push Group to embed its business loans infrastructure. This integration allows small and medium businesses to access a wide range of loan products from more than 50 lenders, including high-street banks, fintechs and specialist providers. Applicants receive personalised offers in real time, without needing…
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The percentage of small businesses working on new initiatives to power future growth has fallen to a four-year low (65%) and is significantly down on the start to the year (71% for Q1 2025), according to research from Novuna Business Finance. The tracking study of a representative sample of 1,000 small business owners also revealed…
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The Government has announced new plans to tackle late payments, which it says is part of the most significant legislative reform in 25 years. Late payment is an issue that costs the UK economy £11 billion a year and shuts down 38 businesses every day Late payments are one of the biggest barriers to small…
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Iwoca’s latest SME Expert Index reveals that the Government has hurt small and medium-sized enterprises (SMEs) during its first year in power. The research showed that almost three-quarters (70%) of SME finance brokers say that conditions for small businesses have deteriorated during the Labour Government’s first year in office. The Government has made little progress…
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The Institute of Directors’ Economic Confidence Index, which measures business leaders’ optimism in prospects for the UK economy, fell to -72 in July 2025 from -53 in June.This exceeds the previous record low of -69 in April 2020 and marks the lowest reading of the Index since its introduction in July 2016. Business leaders’ confidence…
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