Credit, Collections & Insolvency News
Latest monthly figures from the Insolvency Service for England & Wales showed that personal insolvencies remained broadly stable in July 2026 compared to the previous month, with 11,926 people entering insolvency compared to 11,934 in June. Personal insolvencies were 14% higher when compared to July 2025, when the figure was 10,454. The insolvencies consisted of…
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Latest figures from the Accountant in Bankruptcy (AiB) have shown that business insolvencies in Scotland fell in July 2026. The data showed that there were 83 business insolvencies registered in Scotland, 28% lower than the number in July 2025. The total number of business insolvencies comprised 46 CVLs, 31 compulsory liquidations and six administrations. There…
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Latest data from the Insolvency Service has shown that business and personal insolvencies in Northern Ireland increased in July 2026. The data showed that there were 169 personal insolvencies in Northern Ireland. This was 10% higher than in July 2025. The insolvencies comprised of 137 IVAs, 15 bankruptcies and 17 DROs. There were 16 business insolvencies,…
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The Financial Conduct Authority (FCA) has banned Howard Roland Duckett from working in financial services due to a serious lack of honesty and integrity. Duckett was a senior manager at Beauforce Corporation Limited, a debt management firm. The High Court has disqualified Mr Duckett from acting as a company director for 10 years. It found…
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More than half (54%) of UK businesses say AI has created new jobs, according to research from the Lloyds Business Barometer, as firms increasingly view AI adoption as central to growth, skills and competitiveness. 58% of businesses say they plan to increase investment in AI to upskill their workforce in the coming year. Of those…
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New findings from CRIF have shown how three in ten (29%) consumers hold pet insurance, more than double the average for the rest of Europe (12%). The UK is also the only country surveyed in which pet insurance is more widely held than health insurance (29% vs 19%). The devotion to their pets is costing…
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Nearly half (46%) of medium-sized UK businesses surveyed by BDO expect rising costs and supply-chain disruption to be their main concerns in the coming months. The continuing Middle East conflict is adding uncertainty around oil, gas and transport costs, forcing some businesses to reconsider investment and pricing decisions. BDO has warned that UK inflation could…
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Millions of working households could see their finances unravel far sooner than they realise, according to new analysis from Royal London, which warns that the UK’s financial resilience remains worryingly weak despite signs of recovery from the cost-of-living crisis. The report found that the average UK adult scores just 33% on its Financial Resilience Barometer,…
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New research from Nationwide has revealed the biggest mistakes made by today’s students at university – with money worries topping the list far more than they did for previous generations. Notably, current students are significantly more likely than parents to regret financial mistakes made, not budgeting or tracking spending (20%), and overspending (18%) – a…
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Lastest Minstry of Justice mortgage and landlord possession statistics from April to June 2026, have shown that there were decreases in mortgage possession claims. The data shows a decrease from 6,539 to 5,232 (20%) and orders from 4,421 to 3,651 (17%), warrants from 3,804 to 3,101 (18%) and a decrease in repossessions by county court…
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Subscription-based credit provider Creditspring has announced it has secured FCA permission to operate as a credit broker, enabling the company to support more customers by introducing eligible members to carefully selected third-party credit products that better meet their needs. The permission means that when a Creditspring product isn’t the most suitable option, eligible members can…
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Transave Credit Union has abbiyunced that it has appointed fintech and consumer finance executive Jake Ransonas as a Non-Executive Director. The appointment comes as the UK’s credit union sector is entering a period of significant expansion. Adult membership reached 2.16 million in 2025, while the recently launched Credit Union Growth Plan sets an ambitious target…
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Research from Pay.The UK has suggested that school leavers may say they feel confident about money, but many are losing cash due to poor everyday money admin habits. The survey of over 2000 school-leavers aged 16-19 found that while seven in 10 (69%) claim they feel confident that they have the skills and ability to…
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