Credit, Collections & Insolvency News
Almost a fifth (18 per cent) of UK adults do not have or cannot identify a long-term financial goal, new research from Scottish Friendly has found. Nearly one in five people surveyed told the mutual they did not know what they wanted their finances to achieve over the next five years or more, according to…
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A targeted energy discount scheme could save eligible households £175 and soften the impact of any further gas price shocks this winter. But the Government will need to act fast to have a scheme ready by January 2027, the Resolution Foundation warned. Despite the Prime Minister’s welcome day-one VAT cut on electricity bills, further escalation…
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A second-hand car dealer has been ordered to repay the Covid funds he fraudulently secured in full. Javed Akhtar was handed a confiscation order of £66,917 when he appeared at Bradford Crown Court. Akhtar must repay all the money within three months. If he fails to do so, he could face six months in prison…
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Three in ten small business owners (31%) say they are already using AI to support their enterprises – although 27% say they either have no plans to use it – and a further 21% don’t regard AI as relevant to their business, according to new research from Novuna Business Finance. Whilst some small businesses see…
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Research from the savings app Spring has found that adults receiving financial support from their parents receive an average of £11,241, highlighting the role family wealth plays in helping adult children navigate major financial milestones. While around one in seven (15%) UK adults receive financial support from their parents, those who do are often receiving…
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Tina McKenzie has been confirmed as Interim National Chair of the Federation of Small Businesses (FSB), as Martin McTague steps down from the National Chair role to become a member of the House of Lords. McKenzie has been part of FSB’s Board of Directors since 2021, and for the last four years has been National…
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CEOs are maintaining confidence in their companies’ growth prospects despite navigating an increasingly volatile business environment marked by geopolitical disruption, rising energy costs and more complex strategic decision-making, according to research by PwC. The survey of hundreds of CEOs across more than 50 countries finds overall confidence in revenue growth has remained unchanged over the…
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A disqualified company director has been jailed for running a football magazine business while banned. Yorkshire businessman Peter Etherington was the man behind Professional Player, described on social media as ‘a luxury lifestyle magazine’ read exclusively by professional footballers and their families. Etherington admitted acting as a director of the company which produced the magazine,…
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Bolton-based Hoot Savings & Loans has secured a stronger future for its members, joining forces with Manchester Credit Union (MCU) in a deal that extends access to affordable financial services across the north west. The merger secures the future for Hoot’s 6,500 members in Bolton and Bury and adds them to Manchester Credit Union’s 30,000-strong…
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New figures published today by the Finance & Leasing Association (FLA) show its members provided £84.3 billion of new lending in the first half of 2026, 5% higher than in the same period last year, helping businesses invest, households make essential purchases and supporting economic growth across the UK. The figures underline the central role…
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Middle income earners are increasingly falling into financial precarity, according to a report by lender Plend and investment specialist Triple Point, with 40% of those unable to cover a sudden £300 bill, the Financial Conduct Authority’s own benchmark for financial resilience, now earning above the national median salary. A third of UK adults (35%) are…
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In July 2026, the following administration notices were issued and advertised in the London Gazette for the following companies: 34 LAVENDER LANE LTD 35 WORSLEY CLOSE LTD 40 STATION ROAD LTD 42 BLUEBELL WAY LTD 5 MAY STREET LTD 7 EDGEWARE COURT LTD 88 LYON STREET LTD ABBEYGLEN (CANNING ROAD) LIMITED ABBEYGLEN PROPERTIES (CASTLEMAINE) LIMITED…
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Creditors’ Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in July 2026: 1309 PUB COMPANY LIMITED 152 SILBURY BOULEVARD LTD 1ST CLASS BRICKWORK AND MAINTENANCE LIMITED 2TECH LIMITED 3 SHIRES MARKETING LIMITED 36 STREETS FOOD LIMITED 4 LIVING FURNITURE LIMITED 4 REAL DEVELOPMENTS LIMITED 4EZO…
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