Credit, Collections & Insolvency News
Opus Advisory Group, the UK’s largest independently owned restructuring and advisory firm, has announced the acquisition of Bretts Business Recovery, an established insolvency practice based in Dartford, Kent. Founded in 2012, Brett Business Recovery has built a strong reputation for providing insolvency and business recovery advice to businesses across the region. The acquisition will see…
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Insolvency-related activity rose across several key sectors in the third quarter of 2026, highlighting uneven pressure on businesses, according to R3’s latest quarterly Business Health report. This is despite overall levels of distress remaining largely stable. The report, based on Creditsafe data, found there were 6,939 insolvency-related activities in Q3 2026, including administrations and voluntary…
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Latest data from Allianz Trade shows that business insolvencies are putting 213,000 UK jobs at risk. The company is forecasting that business insolvencies will rise by +5% in 2026 and +1% in 2027 (+6% in 2025), marking five consecutive years of increases. Given the uncertain geopolitical and macroeconomic environment, the peak in insolvencies will be delayed…
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Latest data from the Insolvency Services has shown that the construction industry experienced the highest number of insolvencies in the 12 months to August 2026, at 3,873, making up 17% of all industry cases. Carly Thorpe, Construction & Engineering Partner at Walker Morris, said, “Despite continuing to experience the highest number of industry insolvencies, there…
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Latest figures from the Insolvency Service have shown the number of business insolvencies in England and Wales fell by 4% in September 2026 when compared to the previous month, with 1,882 cases compared to 1,953 in August. September’s figure was 5% lower than the same month in 2025, when there were 1,973 cases. The business insolvencies…
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Latest data from the Insolvency Service has shown that personal and business insolvencies increased in Northern Ireland in September 2026 The data showed that here were 45 business insolvencies, 61% higher than in September 2025. The insolvencies comprised of 30 compulsory liquidations, 13 CVLs, one CVA and one administration. There were no receivership appointments. The…
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Latest figures from the Accountant in Bankruptcy (AiB) have shown that business insolvencies in Scotland increased in September 2026. The data showed that there were 117 business insolvencies, which was 14% higher than the number in September 2025. The insolvencies comprised of 68 CVLs, 38 compulsory liquidations, 10 administrations and one CVA. There were no…
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Yorkshire-based asset valuation and disposal specialists BPI and BPI Asset Advisory have acquired a significant stake in McQueen Partnership, the Leeds-based debt recovery and credit control specialist. The investment brings debt recovery and credit management under the BPI umbrella for the first time. Insolvency practitioners, lenders, asset-based lenders and accountants can now turn to one…
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Opus Advisory Group has strengthened its Strategic Advisory division with the appointment of Tom Windett as Partner, specialising in Debt Advisory. Windett will work across Opus’ Bristol and London offices, advising business owners and management teams on a wide range of debt funding requirements, while supporting the continued growth of the Group’s advisory offering. He…
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By the end of 2026, approximately one pub a day will have closed, according to the latest figures from the British Beer and Pub Association (BBPA). The trade body estimates that around 360 pubs will permanently shut their doors by the end of the year. This would result in around 5,000 job losses, with over…
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The Insolvency Service shut down a company that claimed it could help directors of failed businesses ‘walk away’ with ‘no comeback’ after an investigation. Leeds-based Ellan NW Ltd, trading as Knowsley Recovery, claimed it could help directors avoid the insolvency system by arranging the purchase of their struggling companies. The company claimed the new owners…
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In September 2026, Winding-Up Petitions (Companies) were issued and advertised in the London Gazette for the following companies: 37 VICTORIA ROAD LIMITED 4-14 SPURSTOWE TERRACE LLP 9TFIVE LIMITED A CLASS METAL ROOFING LIMITED A J WHEELER LIMITED A-TEAM CARE LTD A.I.U.H GROUP LTD A&A FORMWORK LTD ADA CARE LIMITED ADEPT UNLIMITED LTD AFROHAIRCANDY LTD AG…
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In September 2026, the following administration notices were issued and advertised in the London Gazette for the following companies: A & J SECTIONAL BUILDINGS LIMITED AIRBAND COMMUNITY INTERNET LIMITED ALEXANDERS DISCOUNT LTD ATLANTIC LODGE (HOUSING) LIMITED BARKER HOMES MAIDENHEAD LTD BBE INTERNATIONAL LIMITED BHGS LIMITED BLACK SALT SHEEN LIMITED BORN UGLY LIMITED BRAIER GROUP LTD…
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