Credit, Collections & Insolvency News
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…
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In August 2026, Appointment of Liquidators (Creditors Voluntary Winding-Up) were issued and advertised in the London Gazette for the following companies: 01 PROPERTY INVESTMENT LTD 08144944 LIMITED 09709791 LIMITED 2044 VICTORIA CENTRE NOTTINGHAM (LEASECO) LIMITED 270 VISION LTD 2HOT2COLD LTD 3DW LIMITED 4755AS LIMITED 4B4 LTD 7 STAR CONSULTANCY LIMITED 7MAGPIE LIMITED 8 RAY GROUP…
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In August 2026, the following administration notices were issued and advertised in the London Gazette for the following companies: 18 STATION RD LTD ACCELL UK & IRELAND LTD AIR (UK) LTD ANGLESEY COMMERCIAL SPARES LTD ATLAS BULK CARRIERS LIMITED ATTOLIFE LTD ATTOSURE LTD AVARO DEVELOPMENTS LTD AVON COMBINED ELECTRICAL SERVICES LIMITED AVON HOUSE SCHOOL LIMITED…
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In August 2026, Winding-Up Petitions (Companies) were issued and advertised in the London Gazette for the following companies: 10 OBS LLP 1ST LOOK FIRE & SECURITY SYSTEMS LIMITED 1ST RESPONSE BUILDING MAINTENANCE LTD 24K JEWELLERS LTD 8 VICTORIA EMBANKMENT LIMITED A & B CONTRACTORS (DEVON) LIMITED A & J SECTIONAL BUILDINGS LIMITED A & S…
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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…
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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,…
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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…
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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,…
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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…
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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,…
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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…
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Latest figures from the Accountant in Bankruptcy (AiB) have shown that business insolvencies in Scotland remained stable in June 2026. The data showed that there were 104 business insolvencies registered in Scotland, which was similar to the number in June 2025. The insolvencies comprised 61 CVLs, 41 compulsory liquidations and two administrations. There were no CVAs or…
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The Insolvency Service has returned £42.7 million to creditors and the wider economy in 2025-26 while increasing enforcement action against rogue directors and supporting thousands of people facing financial hardship, according to its Annual Report and Accounts. The report shows the agency handled 11,668 insolvency cases, processed 70,633 redundancy payments, and approved 48,344 Debt Relief…
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