Credit, Collections & Insolvency News
Retailers face a £440 million increase in electricity costs this year, despite their energy use remaining virtually unchanged, a new report by the British Retail Consortium (BRC) reveals. The trade body has raised concern that this will feed directly into consumer prices, raising the cost of living for millions of families. The industry report, Counting…
Read more
Fewer than one in ten (9%) adults with living parents have discussed how finances should be managed if they developed a condition such as dementia. This is despite more than half (53%) saying they would feel comfortable having the conversation, according to new research from Nationwide. A lack of preparedness means that nearly a quarter…
Read more
FTS Recovery has announced three appointments as it builds its London presence, adding experience in complex restructuring, corporate insolvency, and support for businesses in financial difficulty. Natalie Rose joins as Director alongside Restructuring Manager Michael Conway and Elena Lysandrou, who joins as a Recovery Executive. Rose brings almost 30 years’ experience in restructuring and insolvency,…
Read more
A noodle bar franchise boss who kept running his business after being disqualified as a company director has been sentenced and handed a fresh 10-year ban. Desmond Pheby continued managing Wok & Go Franchise UK Limited, which sold franchises for the Wok & Go noodle takeaway chain, despite an earlier seven-year director disqualification for failing…
Read more
Latest Bank of England data (Quarter 3 2026) has shown that credit card defaults increased in the three months to August, with banks and building societies expecting further rises by November, highlighting growing risks in unsecured lending. Within the overall figure, demand for credit card lending was unchanged. Mortgage defaults fell slightly and are expected…
Read more
The past five years of a near-continuous cost of living crisis have caused the real incomes of typical working-age households to fall rather than grow, leaving them £2,900 (7.9 per cent) worse off this year compared to a world of normal inflation, according to new analysis published by the Resolution Foundation. The report Counting the…
Read more
UK business confidence has suffered its most prolonged downturn since the global financial crisis, as recovery hopes for Q3 were toppled by a resurgence of geopolitical tensions, a survey of 1,000 business leaders by ICAEW has found. Sentiment during the quarter was on course to return to positive territory for the first time since Q4…
Read more
Half of young adults in the UK say a lack of financial education directly contributed to their housing struggles, according to new research published today by financial education charity Money Ready and funded by the Berkeley Foundation. Launched ahead of World Homeless Day, the findings highlight that millions of young people are entering the housing…
Read more
In September 2026, Winding-Up Petitions (Companies) were issued and advertised in the London Gazette for the following companies: 37 VICTORIA ROAD LIMITED 4-14 SPURSTOWE TERRACE LLP 9TFIVE LIMITED A CLASS METAL ROOFING LIMITED A J WHEELER LIMITED A-TEAM CARE LTD A.I.U.H GROUP LTD A&A FORMWORK LTD ADA CARE LIMITED ADEPT UNLIMITED LTD AFROHAIRCANDY LTD AG…
Read more
The FCA’s enforcement against ‘finfluencers’ has soared since 2024, as regulators ramp up online crackdown globally. The data, sourced by the online broker experts BrokerChooser, shows that enforcement actions undertaken by the FCA against financial influencers increased by +174% in 2025. This continues a trend seen in 2024, when enforcement actions soared by +2,600% compared…
Read more
Households experiencing financial difficulties are struggling to build the financial resilience needed to cope with unexpected costs, leaving many vulnerable to being unable to pay for expenses such as car repairs, broken appliances and emergency dental treatment. This is a key finding from research by StepChange Debt Charity supported by PRA Group. Among the 1,600…
Read more
Qualco UK has announced a leadership transition that will see Christian Jacob step down as Managing Director at the end of 2026. Andrew Pritchard will become Chief Executive Officer (CEo) on 1st January 2027. Jacob founded Qualco UK in 2012. Following the transition, Jacob will remain with the wider Qualco Group in an advisory capacity…
Read more
In September 2026, the following administration notices were issued and advertised in the London Gazette for the following companies: A & J SECTIONAL BUILDINGS LIMITED AIRBAND COMMUNITY INTERNET LIMITED ALEXANDERS DISCOUNT LTD ATLANTIC LODGE (HOUSING) LIMITED BARKER HOMES MAIDENHEAD LTD BBE INTERNATIONAL LIMITED BHGS LIMITED BLACK SALT SHEEN LIMITED BORN UGLY LIMITED BRAIER GROUP LTD…
Read more