Credit, Collections & Insolvency News
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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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,…
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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…
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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.
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The Finance & Leasing Association (FLA) has welcomed proposals from the Solicitors Regulation Authority (SRA) to strengthen consumer protections around third-party litigation funding, but says the Government must go further by bringing commercial litigation funders within the scope of Financial Conduct Authority (FCA) regulation. The FLA’s response to the SRA consultation says regulating solicitors is…
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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 July 2026, the following administration notices were issued and advertised in the London Gazette for the following companies: 34 LAVENDER LANE LTD 35 WORSLEY CLOSE LTD 40 STATION ROAD LTD 42 BLUEBELL WAY LTD 5 MAY STREET LTD 7 EDGEWARE COURT LTD 88 LYON STREET LTD ABBEYGLEN (CANNING ROAD) LIMITED ABBEYGLEN PROPERTIES (CASTLEMAINE) LIMITED…
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Creditors’ Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in July 2026: 1309 PUB COMPANY LIMITED 152 SILBURY BOULEVARD LTD 1ST CLASS BRICKWORK AND MAINTENANCE LIMITED 2TECH LIMITED 3 SHIRES MARKETING LIMITED 36 STREETS FOOD LIMITED 4 LIVING FURNITURE LIMITED 4 REAL DEVELOPMENTS LIMITED 4EZO…
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In July 2026, Winding Up Petitions (Companies) were issued and advertised in the London Gazette for the following companies: 2LMP LTD 36 STREETS FOOD LIMITED 4TH STREET KITCHEN LTD. 4X4GLOBAL EXPORTS LIMITED 7 STAR CONSULTANCY LIMITED A & M BARS LTD A.C DUCTWORK SERVICES LTD A.VINCENT SOLICITORS LIMITED A&M ALL REPAIRS LTD A1 PROPERTIES (SUNDERLAND)…
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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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A new Insolvency Service taskforce will target ‘abusive phoenixism’ by company directors. The Insolvency Service will use AI to root out rogue directors who deliberately fold their companies to dodge tax and walk away from their debts. Phoenixism accounted for 22 per cent of the £3.8 billion in total tax losses in 2022-23, according to…
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Creditors’ Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in June 2026: 03304393 LIMITED 10537574 LIMITED 16 SCREEN LIMITED 189 PRODUCTIONS LTD 18A LIMITED 24 DUFFIELD LTD 2B STRUCTURES LTD 2HAND LTD 2ND GENERATION FACADES LTD 360 PUBLISHING LIMITED 3D SECURITY LTD 3S COMMERCIAL LTD…
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