Credit, Collections & Insolvency News
Complaints to the Financial Ombudsman Service (FOS) fell to the lowest level in two years in Quarter 4 2025. Between October and December, the FOS received 47,300 complaints compared to 68,400 in the closing quarter of 2024. The decline comes after an overhaul of rules from regulators and the Treasury, which means professional representatives now…
Read more
LHV Bank has been formally granted consumer credit permission by the UK Prudential Regulation Authority (PRA), following a comprehensive and rigorous six-month application process. The permission represents a significant regulatory milestone for LHV Bank in the UK and reflects a high degree of regulatory confidence in the bank’s governance, risk management, capital resilience and control…
Read more
ClearBank has announced that it has appointed Neil Drennan as Chief Technology Officer (CTO), effective immediately. Drennan has previously served the same position for 10x Banking and, most recently with Currencycloud since 2021. In the new role, Drennan will take charge of the technology organisation and lead the evolution and enhancement of ClearBank’s cloud-based API…
Read more
In January 2026, the following administration notices were issued and advertised in the London Gazette for the following companies: 100% PEACH LIMITED 4U FRESH PRODUCE LTD ALFRED INTEGRATED COMMUNICATIONS LIMITED ALFRED LONDON LIMITED ALLROUNDER CRICKET LTD BATT CABLES LIMITED BBL REALISATIONS LIMITED BBN REALISATIONS LIMITED BEAUFORD VICTORIA LTD BOOTH STEEL STOCKHOLDERS LIMITED BOOTH TRANSPORT LIMITED…
Read more
Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in January 2026: 08373021 LTD 100 WARDOUR LIMITED 10859267 LIMITED 1ST 4 LETTINGS LIMITED 2059 CHAPEL WALK WORCESTER (LEASECO) LIMITED 224 DIGITAL LTD 2GBC LTD 3 WAYS TRANSPORT LIMITED 3D EVENTS (PRODUCTION) LIMITED 3D PROTECTION LTD…
Read more
In January 2026, Winding Up Petitions (Companies) were issued and advertised in the London Gazette for the following companies: 00 INVESTMENTS LTD 1ST CHOICE SECURITY TRAINING LTD 231 VICTORIA LTD 3 D I (MIDLANDS) LIMITED 9092 CATERING CO LTD 99K LIMITED A CLASS CEILINGS AND PARTITIONS LTD A H RENTALS LTD A J BUILDING &…
Read more
The Bank of England has announced that it has held interest rates at 3.75% following the first meeting of its Monetary Policy Committee of 2026. The Bank has voted by 5 to 4 to keep rates on hold at 3.75%. Four members voted to reduce the base rate to 3.5%, giving an indication of forward guidance. Commenting…
Read more
An Oxfordshire landscaping boss who ignored his director ban and left £300,000 in unpaid tax across two firms has been banned from running companies for 12 years. Neil Aldridge was initially banned for three-and-a-half years in 2019 after his company, Neil Aldridge Landscapes Ltd, went into liquidation owing at least £82,650 to HM Revenue and…
Read more
The Financial Conduct Authority (FCA) and the Solicitors Regulation Authority (SRA) have warned claims management companies (CMCs) and law firms over excessive fees in motor finance commission claims. The regulators emphasised that firms must ensure consumers do not have multiple representatives and must charge reasonable termination fees.The FCA has also written to lenders setting out…
Read more
Almost four in ten landlords plan to refinance buy-to-let property during the next 12 months, Paragon Bank research has revealed. The research, which covers Q4 2025, found that 39% intend to refinance throughout 2026, a figure that unsurprisingly increases in line with portfolio size. Over half (53%) of those with four or more buy-to-let mortgages…
Read more
Tandem Bank has announced that it has appointed Ryan Heaps as its Chief Financial Officer (CFO), stepping up from his previous role as Deputy CFO. Heaps is a chartered accountant with over 15 years’ experience in senior finance roles, he joined Tandem in 2022 as part of the Oplo acquisition, where he had served as…
Read more
Consumer confidence fell by 1.1 percentage points during the final quarter of 2025, from -10% in Q3 2025 to -11.1%, according to the latest Deloitte Consumer Tracker. The fall in confidence, based on responses from 3,200 UK consumers aged 18+, was driven by declines in five of the six measures included in the index. The…
Read more
The Bank of England has announced the launch of its new Scale-Up Unit to support UK fintech firms, with OakNorth, Allica Bank, Clearbank, Zopa, Monument Bank, and Nottingham Building Society among the first cohort to be overseen by the regulatory initiative. This initiative, a collaboration between the Financial Conduct Authority and the Prudential Regulation Authority…
Read more