Credit, Collections & Insolvency News
Digital transformation, software and business process outsourcing (BPO), Target Group, has announced record progress in closing the gender pay gap. The mean gender pay gap at Newport-based Target Group has reduced again and now sits at 18.34% – the lowest it has ever reported. This is down from 19.58% last year and down significantly from…
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Revolut Bank UK has announced that it has received regulatory approval from the Prudential Regulation Authority (PRA) to exit the mobilisation phase, and launch as a bank in the UK. The launch comes with an existing base of 13 million UK customers and follows Revolut’s recent commitment to invest £3bn ($4bn) and create 1,000 high-skilled…
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Consumer sentiment has dropped sharply since the conflict in the Middle East escalated, according to a survey by Barclays. The survey found that around 80% of consumers are concerned that the conflict will increase inflation and energy costs. Nearly half of the respondents said they had already started adjusting their spending behaviour. The data showed…
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The Consumer Council for Water (CCW) says allowing five water companies to increase their customers’ bills even further will heap more pressure on households already struggling to absorb recent price hikes. CCW has responded to the final determinations of the Competition and Markets Authority which has ruled on the appeals made by five water companies – Anglian Water,…
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New Age analysis of DWP data has found that, despite the rise in women’s State Pension age, the number of female pensioners in the UK has fallen by 740,000 since 2010-11, while the number of women living in poverty has stayed steady at 1.1 million. Age UK warns that this is a failure of policy and…
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New research by StepChange Debt Charity reveals the long-term and harmful impact that coerced debt can have on someone’s credit record, in many cases preventing them from securing a home, mobile phone contract, car finance agreement, or even employment opportunities. Coerced debt is a form of economic abuse where the perpetrator coerces a victim into…
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Nearly 40% of commercial mortgage brokers have reported an increase in applications in the second half of 2025, while a further 30% said applications remained stable, pointing to resilient momentum despite a challenging economic backdrop, according to new research by Allica. Rising demand was driven primarily by businesses seeking to purchase their own premises (44%),…
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Tandem Bank has announced that it has appointed Stephen Jones as Chair. An industry veteran, Jones is currently Executive Chair of Investment Banking at Panmure Liberum and brings decades of senior leadership experience from across the UK banking sector, including senior executive roles at Santander and Barclays, as well as being the inaugural Chief Executive…
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A bounce in services sector activity pushed UK business output to its highest level in a year, according to the latest Business Trends report from accountancy and advisory firm BDO. BDO’s Output Index, which measures activity across key sectors in the UK economy, increased to 98.80 in February, up from 97.67 the previous month. This…
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In February 2026, the following administration notices were issued and advertised in the London Gazette for the following companies: 21:12 COMMUNICATIONS LIMITED A.L.N. CARPENTRY & JOINERY LTD AB SITE SOLUTIONS LTD AIR (UK) CONSULTANCY SERVICES LTD ALL THINGS GREEK LIMITED ALLEN REID LIMITED ALPKIT LTD AMBER BRIDGING LIMITED ANDRA JEWELS LIMITED AQUILA RECRUITMENT LTD ARTEMIS…
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Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in February: 10BUSOLA LIMITED 247 CONSULTANTS LTD 27 LONDON LIMITED 27 TALENT LTD 2M EMPLOYMENT SOLUTIONS LIMITED 49 SANDSTONE BOBCAT LDN LIMITED 4D MUSIC LTD. 4SITE SERVICES LONDON LIMITED 6 KITCHEN (N14) LTD 7W7 LIMITED A…
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In February 2026, Winding Up Petitions (Companies) were issued and advertised in the London Gazette for the following companies: 10 ZONE ARCHERY LTD 360GLOBALNET LTD 365 DIVINE CARE LTD 365 UMBRELLA LTD 91 TO 97 BROAD STREET DEVCO LIMITED A E M DEMOLITION LIMITED A E STANTON LIMITED A&H EXCHANGE LIMITED A&M 1 LIMITED ABERCARN…
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The UK is facing a growing financial literacy crisis, with millions of households navigating credit without fully understanding how it works, according to new research from Creditspring. As borrowing becomes faster and more accessible, consumers risk making costly, but entirely avoidable, financial decisions. Across the UK, understanding of even the most basic credit concepts remains…
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