Credit, Collections & Insolvency News
AI-enabled automation software specialist, Aryza has announced the acquisition of Umbrella Tech, a voice-based agentic AI for the financial services industry. Featuring hyper-realistic voices and advanced speech analytics, Umbrella Tech enables organisations to automate collections, customer service, and compliance journeys with accuracy, speed, and multilingual support in over 100 languages worldwide. Colin Brown, CEO of…
Read more
Law firm Wilkin Chapman Rollits has strengthened its recoveries and litigation capability with the acquisition of Nottingham-based Legal Recoveries and Collections (LRC). Completed on 1st April, the acquisition comes exactly one year after the merger of Wilkin Chapman LLP and Rollits LLP, and is expected to increase the turnover of the firm’s recoveries department to…
Read more
Lantern Group has announced that it has reached an agreement to acquire specialist debt recovery law firm Ascent from Irwin Mitchell, subject to regulatory approval. The deal expands Lantern Group’s portfolio of regulated credit and recoveries businesses, which includes Lantern and Sonex. Ascent is recognised for its experience across collections and recoveries, litigation, enforcement, field…
Read more
Hoist Finance has announced that it has entered into an agreement to acquire UK debt purchaser Azzurro Associates, a specialist in SME Non-Performing Loans (NPLs), with a portfolio book value of £200 million. Under the agreement, Hoist Finance is to acquire the UK operations and assets of Azzurro, including its FCA-regulated entity, from the current…
Read more
Following a pre-packaged administration process, well-established Leamington Spa-based Wright Hassall has become part of HCR Law. The debt collection firm QDR Solicitors, which previously formed part of Wright Hassall, has not transferred ownership to HCR Law. Sam Payne, Joint Head, Leamington Spa office, HCR Law, said “We’re delighted to be joined by Wright Hassall. This…
Read more
Australian technology and debt collection provider Credit Clear has announced it has entered into a binding agreement to purchase debt collection agency (DCA) ARC (Europe) pending FCA approval. Credit Clear says that the acquisition marks a major milestone for the company, expanding its footprint into the UK and European markets, adding immediate scale and unlocking cross-sell opportunities…
Read more
QUALCO UK announced that it has reached an agreement to acquire the Everyday People Financial Solutions (EPFS) ‘Panel Manager’ platform. The transaction includes the novation of two prime client contracts including E.ON Next, and a major telecoms, internet and media provider, together with all of the intellectual property relating to the Panel Manager software application…
Read more
The Government has announced changes to the administration of council tax with an aim to modernise the billing process to make it fairer, simpler and more supportive. To help vulnerable families manage bills, the Government intends to move billing to 12 monthly payments by default, rather than the current 10 monthly, this will spread the…
Read more
Aryza has announced it has acquired Webio. Aryza says that the strategic move marks a significant milestone in the company’s growth journey and underscores the company’s commitment to enhancing its technological capabilities and delivering innovative solutions to customers. Webio offers AI technology through its cloud-native platform. The integration will enable Aryza to offer AI-powered solutions…
Read more
The winners of the 2025 Credit & Collection Industry Awards have been announced following a live in-person event yesterday (Thursday 22nd May) at the Milner Hotel in York There were eighteen winners (four of which were partnership wins) from the twenty awards categories, which were presented by awards compare’ Brennan Reece. The Credit & Collections…
Read more
Solaris Law, part of the Azzurro Group, has announced that it has completed the purchase of the Equivo Legal Services division. The purchase is the final part of a two-stage transaction, which follows the first stage of the transaction last year to purchase Shoosmith’s commercial debt recovery team. As a result of the deal, Solaris…
Read more
Personal insolvency provider Carrington Dean has announced that has acquired personal insolvency business, Cleanslate from Interpath. Cleanslate is part of Interpath, an international advisory firm which specialises in the provision of advisory and restructuring services to businesses, their investors and their stakeholders. Carrington Dean is based in Scotland and is part of the Creditfix Group.…
Read more
Law firm, Flint Bishop has announced that it has acquired the entire volume Banking & Finance Recoveries division from the wider Banking & Finance team of Walker Morris LLP, welcoming 34 new staff to the business. The strategic acquisition also marks Flint Bishop’s entry into the Leeds market and substantially enhances the firm’s capabilities in broader…
Read more