Credit, Collections & Insolvency News
Sonia Jordan, a solicitor and partner at Knights, with more than 30 years’ experience advising on corporate restructuring and recovery, has been appointed President of R3, the restructuring, turnaround and insolvency trade association. As President, Jordan will work with R3’s CEO, senior management team and Council to help shape and deliver R3’s strategy for the…
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Britain is losing 3.4 pubs and restaurants per day, with more than 350 closures in the first quarter alone. Rising energy costs, higher taxes and weaker consumer demand are placing sustained pressure on the sector, with further closures expected throughout 2026. Soaring costs for businesses and consumers led to a 0.3% drop in Britain’s number of licensed premises in the…
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Latest figures from the Insolvency Service have shown that the number of business insolvencies in England and Wales increased by 7% in March 2026 when compared to the previous month. and were on similar levels to March 2025. March’s increase suggests that oil price spikes and renewed inflation concerns linked to escalating conflict in the…
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Latest figures from the Accountant in Bankruptcy (AiB) have shown that business insolvencies in Scotland increased in March 2026. The data showed that there were 131 company insolvencies registered in Scotland, 11% higher than the number in March 2025. The insolvencies comprised of 53 CVLs, 57 compulsory liquidations, 18 administrations and three receivership appointments. There…
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Insolvency practice, Business Rescue Expert (BRE), has announced the launch of a specialist Turnaround division. Turnaround & Restructuring Expert (TRE) is supporting businesses across the UK, with a focus on protecting jobs and avoiding formal insolvency. The move forms part of Darlington-headquartered Business Rescue Expert’s wider strategy to expand its advisory services and follows the…
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Debt advisory specialist, Azets, has announced two appointments with Matt Garside joining as Scotland’s Director, and Lyle Ammon, who joins as Director for the South region this week.. Garside will work out of the Edinburgh office, covering the Scottish region, and joins from Skipton Business Finance. His financial services career includes Virgin Money (Clydesdale Bank),…
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In March 2026, the following administration notices were issued and advertised in the London Gazette for the following companies: 12 TREVOR PLACE LIMITED 17 BERKELEY STREET (FLAT 8) LIMITED 17 CRESSWELL GARDENS LIMITED 17 HERTFORD STREET LIMITED 172 OAKWOOD CT LIMITED 23 QG PLACE (THE PENTHOUSE) LIMITED 24 MOUNT ROW (FLAT 1) LIMITED 2C SERVICES…
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In March 2026, Winding Up Petitions (Companies) were issued and advertised in the London Gazette for the following companies: 1ST CARS LIMITED 1ST ECO GEN LTD 1ST PAY LIMITED 2 BY 2 DEVELOPMENTS LTD 327GB LTD 59 CHARLOTTE STREET LIMITED A.L.RINSTALLATIONSERVICES LTD A.M. ENFORCEMENT LTD A&B HOME CARE LTD ABREY CONSTRUCTION LIMITED ABU ZAR LIMITED…
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Opus Restructuring and Insolvency has announced that it has strengthened its South Coast presence by appointing experienced Insolvency Practitioner Andrew Watling as a Partner. Based in Opus’ Southampton office, Watling brings more than 40 years’ experience in the restructuring and insolvency sector and joins Opus from a national advisory practice, where he spent 13 years…
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Business bankruptcies held broadly steady in 2025, maintaining a three‑year plateau of between 24,000 and 25,000 cases, reported annually according to new analysis from Dun & Bradstreet, a leading global provider of business data and analytics. While failures remain significantly above pre‑pandemic averages, the levelling‑off marks a period of relative stability following the sharp adjustments…
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Latest Insolvency Service data show that accommodation and food services insolvencies rose 9% month-on-month, from 205 in December 2025 to 223 in January 2026. However, insolvencies in the sector dropped 18% year-on-year from 273 in January 2025. RSM UK says that this uptick, while concerning in the short term, is set against a more favourable year-on-year backdrop. This suggests…
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Latest figures from the Insolvency Service have shown that the number of business insolvencies in England and Wales increased by 7.4% in February 2026 when compared to the previous month. The data showed that there were 1,878 business insolvencies. The figures was 7% lower than the same month in the previous year (2,015 in February…
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Latest monthly statistics from the Insolvency Service show that business insolvencies and personal insolvencies rose in Northern Ireland in February 2026. The data showed that there were 25 company insolvencies registered in Northern Ireland, 19% higher than in February 2025. The insolvencies comprised of eight compulsory liquidations, 16 CVLs and one administration. There were no CVAs or receivership…
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