Credit, Collections & Insolvency News
Latest figures from the Insolvency Service have shown that the number of business insolvencies in England and Wales increased by 2% in April 2026 compared to the previous month rising to 2,085 from 2,037. April’s figure was 3% up on the same month in 2025. The data showed that there were 2,085 business insolvencies. The…
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Latest figures from the Accountant in Bankruptcy (AiB) have shown that business insolvencies in Scotland increased in April 2026. The data showed that there were 107 company insolvencies registered in Scotland, 6% higher than the number in April 2025. The insolvencies comprised of 53 CVLs, 49 compulsory liquidations and five administrations. There were no CVAs…
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Latest monthly statistics from the Insolvency Service have shown that business insolvencies and personal insolvencies rose in Northern Ireland in April 2026. The data showed that there were 166 personal insolvencies in April, which was 35% higher than in April 2025. The insolvencies consisted of 129 IVAs, 23 bankruptcies and 14 DROs. Business insolvency data…
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In April 2026, the following administration notices were issued and advertised in the London Gazette for the following companies: 16 STRATTON STREET LIMITED 30 PONT STREET LIMITED 66/67 PS PROPERTY LIMITED 7 BEAUFORT GARDENS LIMITED A CODA RESIDENCES LIMITED A D REFFOLD (ELECTRICAL) LIMITED ACUTE AMBULANCE & MEDICAL SERVICES LIMITED AIR SEA LOGISTICS LIMITED B…
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In April 2026, Appointment of Liquidators (Creditors Voluntary Winding-Up) were issued and advertised in the London Gazette for the following companies: 05726382 LIMITED 101 BESPOKE KITCHEN LTD 11158996 LIMITED 15 MARKETING LIMITED 1998 MINI MART LTD 1ST CARS LTD 1ST CHOICE ESTATE & LETTINGS LIMITED 1ST DRYWALL LIMITED 1ST PAY LIMITED 1ST TRADING LONDON LTD…
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In April 2026, Winding Up Petitions (Companies) were issued and advertised in the London Gazette for the following companies: 1101 HOLDING LTD 2ND GENERATION FACADES LTD 3 DOT HERTS LIMITED 357 GROUP LTD 786 MOTOR SOLUTIONS LIMITED A A LAW (LANCASHIRE) LTD AAF MCR LTD ACCOUNTED LTD ACET CIRCULAR SOLUTIONS LTD ACTIVE BIZ SERVICES LTD…
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A total of 161 pubs closed across Britain in the first three months of this year, an equivalent of almost two a day, according to the latest figures from the British Beer and Pub Association (BBPA). The industry body said the closures across England, Scotland, and Wales equated to more than 2,400 job losses –…
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Government ministers have confirmed the appointment of Peter Walton and Koral Anderson as Non-Executive Directors (NEDs) to the board of the Insolvency Service. Walton is Emeritus Professor of Insolvency Law at the University of Wolverhampton (2024–), having served as Professor from 2013 to 2023 following a near fourty‑year academic career. A leading authority on insolvency and…
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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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