Credit, Collections & Insolvency News
Robust safeguards will be needed if plans to automate the recovery of lower-value tax debts from taxpayers who have persistently not engaged with HMRC go ahead, chartered accountancy body ICAEW has warned. The government has proposed the extension of its enforcement powers to recover lower-value debts from the bank accounts of some individuals and businesses who…
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Almost four in ten parents with children under 18 have no Junior ISA (JISA) open for their children, Scottish Friendly has found. The mutual’s latest Family Finance Tracker research has found that 38 per cent of parents with children under 18 have no JISA in place for any of their children, with everyday pressures and a lack…
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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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Latest Bank of England data shows mortgage approvals fell to 56,100 in July, down from 58,215 in June and below the six-month average of 60,800, as higher borrowing costs weighed on housing demand. The figure was below the average of around 60,800 over the previous six months. Approvals for remortgaging increased to 34,500 from 34,100,…
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Latest data from Enterprise Nation has shown that 42% of small firms have been paid late during the past 12 months, compared with a range of 24% to 34% through 2023 and 2024. Among businesses employing staff, the incidence of late payment has more than doubled since summer 2024. The report also cites Small Business…
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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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New research by Confused.com has found that 66% currently give their child regular pocket money. A further 8% have done so in the past and 19% plan to start in the future. Among parents who currently give or previously gave pocket money and provided an amount, the most common weekly payment is £5 to £9.99…
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The latest British Chambers of Commerce (BCC) Economic Forecast suggests the outlook for the UK will remain uncertain. While the economy was more resilient in Q2 than expected, higher energy and business costs are likely to keep growth weak this year and next. GDP is anticipated to grow by 1% in 2026, which is only…
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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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Shop price inflation accelerated to 1.5% in August from 0.9% in July, reaching its highest level in two years, according to British Retail Consortium figures. The data shoed that food inflation rose to 2.8% from 2.2%, with ambient food prices climbing 2.5% as higher energy, commodity and input costs increasingly filtered through supply chains. Fresh…
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Households will have suffered a £2,400 financial hit, on average, from the Iran war by the end of 2027 according to new analysis by the Centre for Economics and Business Research (CEBR) calculating that there has been jump in inflation since the conflict began, and weaker wage growth, will knock £1,100 off the real income…
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The IoD Directors’ Economic Confidence Index, which measures business leaders’ optimism about the UK economy’s prospects, rose to -49 in August, from -63 in July 2026. Conversely, business leaders became slightly less optimistic about the prospects for their own organisations, with confidence falling to -5, from -2 in July. Most of the survey’s underlying indicators…
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