Credit, Collections & Insolvency News
The Insolvency Service says it can drive even greater impact by helping people and businesses spot problems and find the right support earlier, and resolve them faster, before their situation escalates. The agency’s new five-year strategy outlines a marked change in how it will work in future, making sure it spots risk sooner, guides people…
Read more
Seven seemingly unrelated companies have been shut down after Insolvency Service investigators and Companies House combined to unearth evidence of a connection between them. The companies, three of which were based in London and the other four in Lancashire, Manchester and Reading, were said to be involved in various trades including the wholesale of fruits,…
Read more
Latest figures from the Insolvency Service have shown the number of business insolvencies in England and Wales increased by 1% in August 2026 when compared to the previous month, with 1,946 cases compared to 1,934 in July. August’s figure was 3% lower than the same month in 2025, when there were 2,007 cases. The number…
Read more
Latest figures from the Accountant in Bankruptcy (AiB) have shown that business insolvencies in Scotland fell in August 2026. There were 73 company insolvencies registered in Scotland, down 23% from August 2025. The business insolvencies comprised 30 CVLs, 35 compulsory liquidations and eight administrations. There were no CVAs or receivership appointments.
Read more
Latest data from the Insolvency Service has shown that personal insolvencies increased whilst business insolvencies fell in Northern Ireland in August 2026. The data showed that there were 140 personal insolvencies; this was 4% higher than in August 2025. The insolvencies comprised 117 IVAs, 16 DROs and seven bankruptcies. Business insolvency data showed that insolvencies…
Read more
Restructuring, turnaround and insolvency professionals have made a good start on using artificial intelligence (AI) to support their work, but significant barriers are holding back wider adoption, according to new research published by R3 in association with Alph4. A new report based on a survey of R3 members and qualitative research with practitioners, legal professionals…
Read more
Latest data from The Insolvency Service has shown that the construction industry experienced the highest number of insolvencies in the 12 months to June 2026 at 3,841, making up 17% of all industry cases. Carly Thorpe, Construction & Engineering Partner at Walker Morris, said: “The latest insolvency figures reflect the continued pressures facing the construction…
Read more
Latest figures from the Insolvency Service have shown that the number of business insolvencies in England and Wales was 1,931 in July 2026, 5% higher than in June 2026 (1,847) but 5% lower than the same month in the previous year (2,031 in July 2025). The business insolvencies in July 2026 consisted of 288 compulsory liquidations,…
Read more
Latest figures from the Accountant in Bankruptcy (AiB) have shown that business insolvencies in Scotland fell in July 2026. The data showed that there were 83 business insolvencies registered in Scotland, 28% lower than the number in July 2025. The total number of business insolvencies comprised 46 CVLs, 31 compulsory liquidations and six administrations. There…
Read more
Latest data from the Insolvency Service has shown that business and personal insolvencies in Northern Ireland increased in July 2026. The data showed that there were 169 personal insolvencies in Northern Ireland. This was 10% higher than in July 2025. The insolvencies comprised of 137 IVAs, 15 bankruptcies and 17 DROs. There were 16 business insolvencies,…
Read more
Creditors are moving to shut down struggling companies at the fastest rate in at least three years, according to new figures obtained from the Ministry of Justice. Courts in England and Wales received 7,049 winding-up petitions in 2025 – up 11% on the 6,337 lodged in 2024 and 35% higher than the 5,220 recorded in…
Read more
Latest figures from the Insolvency Service have shown that the number of business insolvencies in England and Wales fell by 10%. There were 1,845 business insolvencies in June 2026,. The figures were similar to in May 2026 but 10% lower than in June 2025. The business insolvencies in June 2026 consisted of 276 compulsory liquidations,…
Read more
Latest monthly statistics from the Insolvency Service have shown that personal insolvencies increased whilst business insolvencies declined in June 2026. The data showed that in June 2026, there were 189 personal insolvencies in Northern Ireland. This was 13% higher than in June 2025. The insolvencies comprised 136 IVAs, 20 bankruptcies and 33 DROs. The business insolvencies…
Read more