Credit, Collections & Insolvency News
Insolvency-related activity rose by 17% in Scotland last month, says R3, the UK’s restructuring, turnaround and insolvency trade body. R3’s analysis of data provided by CreditSafe indicated an increase in insolvency-related activities from 106 in September to 124 in October. October 2025 figures are 9% higher than the same period in 2024, which saw a spike…
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In October, the following administration notices were issued and advertised in the London Gazette for the following companies: 10 MARKET PLACE LIMITED ACRE INVEST (LUTON) LIMITED ACTION 365 LTD AGILITAS IT SOLUTIONS LIMITED AH DEVELOPMENT HEALTHCARE LIMITED ALLEN GLENOLD LIMITED ALTITUDE ANGEL LTD AMBIENT SUPPORT LIMITED APEXBROOK LIMITED AXMINSTER TOOL CENTRE LTD B I HALDER…
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In October, Winding Up Petitions (Companies) were issued and advertised in the London Gazette for the following companies: 07752078 LIMITED 3 CHEFS DERBY LIMITED 4 ATL 404 LTD 786 TWENTY 4/7 SERVICES LTD A & S CONSTRUCTION & LABOUR LIMITED A J BROWNE PRIVATE OFFICE LIMITED A J WHEELER LIMITED A M SKIP HIRE LIMITED…
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Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in October: 10463817 LIMITED 123 ELECTRICIANS LIMITED 1N DEVELOPMENTS LTD 1NH LTD 1ST CHOICE PLANT AND TOOL HIRE LIMITED 1ST CHOICE PROPERTY MAINTENANCE LIMITED 1ST STOP BATHROOM LTD 2 KARDES FAST FOOD LIMITED 2 SMART PAINT…
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PKF Smith Cooper has announced that it has appointed Lucinda Matkin as its new Business Recovery and Restructuring Director. Matkin joins the firm with over 25 years of experience in the industry, including time at a Big Four firm, and is the founder and owner of Midlands-based LM Insolvency. Since establishing in 2012, Lucinda has…
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Pub insolvencies saw a marked increase during Q2 and Q3 of 2025, reversing a tentative recovery seen earlier this year. According to accountancy firm Price Bailey, 219 pubs entered insolvency in Q2, followed by 189 in Q3. Q1 saw 161 establishments not able to pay their debts. 84 pubs become insolvent in June, the highest…
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Latest data from Accountant in Bankruptcy has found that business insolvencies in Scotland decreased by 5% to 298 in 2025-26 Quarter 2 (Q2) from 313 in 2024-25 Q2. Business insolvency numbers in Scotland for 2025-2026 Q2 decreased by 10% compared to last quarter. Commenting on the latest insolvency stats, Emma Widdowson, chair of R3 in…
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Latest Insolvency Service data has shown that the construction industry experienced the highest number of insolvencies in the 12 months to August 2025 at 3,934, making up 17% of all industry cases. Kelly Boorman, National Head of Construction at RSM UK, said “The latest insolvency data confirms construction remains the hardest-hit sector, with the highest…
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Latest figures from the Insolvency Service have shown that the number of business insolvencies in England and Wales fell by 1.7% in August 2025 to a total of 2,048 compared to July 2025’s total of 2,083, and increased by 5.9% compared to August 2024’s figure of 1,933. The insolvencies consisted of 281 compulsory liquidations, 1,578…
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Latest figures from the Accountant in Bankruptcy (AiB) have shown that business insolvencies in Scotland increased in September 2025. The data showed that there were 103 business insolvencies registered, 41% higher than the number in September 2024. The insolvencies comprised of 50 CVLs, 48 compulsory liquidations and five administrations. There were no CVAs or receivership…
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Latest monthly statistics from the Insolvency Service show that personal insolvencies fell in Northern Ireland in September 2025, whilst business insolvencies remained at the same level. The data showed there were 108 personal insolvencies, which was 30% lower than in September 2024. The insolvencies comprised of 71 IVAs, 12 bankruptcies and 25 DROs. Business insolvency data…
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Begbies Traynor has announced it has added to its team in Glasgow with the appointment of George Lafferty as Director. Lafferty joins the leading professional services firm from another Glasgow insolvency firm, where he was insolvency director. He has previously held senior positions with other well-known insolvency firms in the city. During his extensive career,…
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Financial advisory firm, Begbies Traynor, has announced that it has appointed Thomas McKay as Managing Partner in Scotland and Northern Ireland as part of its new board structure to enable further UK expansion. The updated structure also sees Mark Fry named Begbies Traynor Group CEO. In his new role Fry will drive the day-to-day leadership…
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