Credit, Collections & Insolvency News
K3 Advisory Group has announced the merger of two of its brands, KR8 Advisory and Quantuma’s restructuring and forensic accounting business, creating a single multidisciplinary advisory business under the KR8 Advisory brand. The new KR8 Advisory business brings together over 300 professionals across 11 offices to meet growing demand for joined up, multidisciplinary thinking and…
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With the football World Cup just around the corner, new research from MoneySuperMarket has revealed that almost a quarter (23%) of Brits expect to rely on credit cards or borrowing to fund World Cup-related spending. The survey of UK adults revealed it won’t just be the beer leaving Brits with a hangover this summer, with…
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New research from the National Audit Office (NAO) has revealed that millions are missing out on vital support with energy and water bills. This comes as over £7 billion worth of debt is owed to energy and water companies. The report examined how Ofcom, Ofwat and Ofgem support consumers in vulnerable circumstances and whether people…
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The Insolvency Service has announced that it has closed two more companies in its campaign against unregulated firms exploiting the Companies House register. The overseas companies register on Companies House is a legitimate platform for companies seeking to open up new markets and attract investment for them. However, companies which have no presence in the…
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Latest data from the Bank of England has shown that the outstanding value of all residential mortgage loans increased by 0.7% from the previous quarter to £1,746.1 billion, and was 2.6% higher than a year earlier. The value of gross mortgage advances decreased by 12.3% from the previous quarter to £69.6 billion, and was 10.2%…
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The Enforcement Conduct Board (ECB) says that the Government’s plans to regulate bailiffs are too slow, stating that it is exactly one year after the Ministry of Justice announced that it would legislate to make independent regulation of bailiffs mandatory. The enforcement industry receives over 7 million cases for enforcement every year and collects over…
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Aryza has announced a new partnership with data, AI and change operational transformation specialist consultancy Nucleo. Under the agreement, Nucleo will also act as a reseller and delivery partner for Aryza’s AI-enabled solutions across the UK and Ireland, providing implementation services, integration support, and ongoing customer service in coordination with Aryza. Through the partnership, Nucleo…
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Brits are projected to splash out an estimated £6.6 billion on spontaneous spending while on holiday abroad this year as they look to make the most of their overseas breaks, research from savings app Spring has revealed. A survey of 2,000 Brits found that 79% of holidaymakers admit to spending extra on spontaneous purchases while…
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UK SMEs trading internationally are facing a tipping point, with seven in ten warning they could be pushed into bankruptcy if disruption linked to the Iran war continues according to new research from SME funder Bibby Financial Services (BFS). The data reveals the growing financial toll of the conflict on UK importers and exporters, with…
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The Financial Conduct Authority (FCA) has outlined plans to widen access to mortgages for groups including first-time buyers, older borrowers and self-employed people. Proposals include expanding access to interest-only and part interest-only loans, easing later-life borrowing rules and encouraging lenders to assess applicants based on their current financial circumstances rather than relying heavily on past…
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Ten years after the Brexit referendum, UK Finance, in partnership with Freshfields, has launched a report outlining its vision for the UK and EU relationship in financial services. Unlocking Growth Through a Stronger UK-EU Financial Services Partnership calls on the EU and the UK to place financial services on the agenda for the upcoming Leaders’…
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As part of the joint regulatory taskforce, the Financial Conduct Authority (FCA) has warned customers to be wary of misleading car finance ‘money tips’ adverts issued by claims management companies (CMCs) and law firms on social media. The taskforce has identified a growing number of adverts that appear to offer independent advice from an individual but…
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Mortgage activity continued to moderate in May as search volumes declined across all major lending categories, according to the latest Mortgage Market Snapshot from Twenty7tec. The data shows total mortgage searches reached 1,590,911 during May 2026, down 7% compared with April and 15% lower than May 2025. Residential searches totalled 1,341,508, representing a 7% monthly…
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