Credit, Collections & Insolvency News
Latest figures from the Accountant in Bankruptcy (AiB) have shown that business insolvencies in Scotland fell in January 2026. The data show that there were 74 company insolvencies registered in Scotland, 1% lower than the number in January 2025. The insolvencies comprised 42 CVLs and 32 compulsory liquidations. There were no administrations, CVAs or receivership appointments.
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Latest monthly statistics from the Insolvency Service show that business insolvencies and personal insolvencies fell in Northern Ireland in January 2026. The data showed that there were 118 personal insolvencies, 16% lower than in January 2025. The insolvencies comorised of 85 IVAs, 19 DROs and 14 bankruptcies. Business insolvency data showes that. there were 21 company insolvencies,…
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72% of consumers abandon their baskets after being declined for credit at checkout, despite over half saying they would look for an alternative finance option. The results, from independent research commissioned by Payl8r, with the figures suggesting that single-lender checkout structures may be contributing to avoidable conversion loss. Payl8r says that the research reveals ‘false…
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A former takeaway owner who withdrew tens of thousands of pounds from his bank account and bought items from Apple and Burberry instead of settling his business’s tax bill has been ordered to pay more than £70,000. Zhang Jin Chen was handed a confiscation order for £62,755 to be paid within three months, along with…
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New research from FIS suggests that digital currencies, such as cryptocurrencies and stablecoins, are firmly on the radar of younger consumers, but with limited understanding and concerns around transparency, continue to hold back wider adoption across the UK. While the FCA recently confirmed that stablecoin payments are a 2026 priority, the data shows a clear…
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Today (Tuesday 17th February) marks twenty years since Chip & PIN fully replaced signatures for in-store card purchases. Since then, the way we pay and the way criminals attempt to commit fraud, has significantly changed. Alongside more than 25 million additional cards now in circulation compared with two decades ago, two major shifts have transformed…
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The Financial Conduct Authority (FCA) has fined Richard Howson £237,700 for his part in misleading statements being issued by Carillion. As Group Chief Executive, Howson was aware of serious financial troubles in Carillion’s UK construction business. He failed to reflect this in company announcements or alert its board and audit committee, leading to poor oversight.…
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Secure Trust Bank Commercial Finance has announced the appointment of David Ward as Portfolio & Structuring Director. Based in London and supporting clients nationwide, Ward will manage a diverse portfolio of corporate ABL clients, with a focus on structuring and delivering funding solutions across STB’s full suite of ABL products. Ward brings over 30 years…
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Latest data from the British Retail Consortium (BRC) showed that there was cautious optimism as footfall decline slows The data (covering the four weeks 4th-31st January) showed that total UK footfall decreased by 0.6% in January (YoY), up from -2.9% in December. High Street footfall decreased by 1.9% in January (YoY), down from -0.9% in…
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Listed companies in the FTSE Construction and Materials sector issued 18 profit warnings during 2025, more than three times the five warnings recorded in 2024 and the highest annual total since 2020 (33 warnings), according to an EY-Parthenon report. The data also reveals that a third (33%) of the sector’s listed firms issued at least…
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New research from the Building Societies Association (BSA) shows that many aspiring first-time buyers could be closer to owning their own home than they think, but too many are ruling themselves out before exploring what is possible. The findings show that almost half (47%) of people who want to buy their own home have never…
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Latest UK Finance research has found that around 5,160 mortgaged properties were repossessed in 2025, a 39% increase from 2024. The fourth quarter saw 1,210 homes repossessed, up 17% year-on-year but down 13% from the previous quarter. Despite this rise, only 0.92% of all mortgages were in arrears. The report highlighted that most repossessions involved…
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Small businesses across the UK are now operating under pressures comparable to and in some cases exceeding those experienced during the Covid-19 pandemic, according to a major new report published today by the House of Commons Business and Trade Committee. The Committee’s inquiry finds that while emergency support was rapidly mobilised during the pandemic, there…
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