Credit, Collections & Insolvency News
In September 2026, Appointment of Liquidators (Creditors’ Voluntary Winding-Up) were issued and advertised in the London Gazette for the following companies: 081 PIZZERIA LIMITED 121 URBAN HOT YOGA LIMITED 1ST AURORA LIMITED 1ST CHOICE AUTOMOTIVE LIMITED 1ST CLASS DISPOSAL LTD 1ST RESPONSE BUILDING MAINTENANCE LTD 1ST RESPONSE SITE SERVICES LIMITED 21ST CENTURY OFFICE CONCEPTS LIMITED…
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Paragon Bank has appointed Simon Cockerill as Commercial Director of Mortgages. Reporting to the Managing Director of Mortgages, Louisa Sedgwick, Cockerill will lead the continued development of Paragon’s buy-to-let mortgage sales, distribution and product functions. Working with established teams across the business, he will support further growth in existing and developing areas of the market,…
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The average disposable household income across the UK rose by 3.5% to £39,200 in 2025, according to the Office for National Statistics (ONS). The data showed that the median household disposable income for the poorest fifth of the population increased by 5.6% to £18,300, bringing it back in-line with FYE 2020 pre-coronavirus (COVID-19) pandemic levels.…
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Jaja Finance has appointed Abby Vickers as Chief Customer Officer. In the newly created role, Vickers will lead a combined Commercial, Product and Analytics function and take end-to-end ownership of Jaja’s customer and commercial agenda. Vickers joins Jaja from Klarna, where she has been CEO of Klarna Financial Services UK since 2019, leading the UK…
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Traditional high street banks and building societies are losing ground to digital challengers on service quality, according to new research. The findings from CRIF show that traditional banks and building societies are the only type of financial provider where consumers are more likely to say service has worsened than improved over the past three years…
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Intrum’s annual European Consumer Payment Report has shown that consumers can meet their immediate needs, but their reliance on borrowing has increased dramatically, suggesting that pressure is growing beneath the surface. The data showed that late payment levels have remained static; 72% of consumers have borrowed money or used credit to pay bills in the past…
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The average interest rate for a new five-year fixed mortgage has reached 6%, the highest in three years, according to Moneyfacts latest analysis The data shows that the number of sub-5% fixed mortgage deals has plunged by 99%, from 1,494 since the start of September 2026 to just nine today. This figure excludes deals that…
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New research from Fico has shown that fraud leaders across Europe, the Middle East and Africa (EMEA) are grappling with rising fraud complexity and AI-enabled threats, even as they accelerate investment in AI-driven detection and enterprise-wide fraud strategy. The findings, drawn from Fico’s global survey of 202 senior fraud, risk and technology professionals at retail…
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New polling from Independent Age has shown that 55% of adults under the age of 65 are not confident they will have enough money to live comfortably in retirement. The charity, which today launches a new strategy and visual identity, says these findings should raise the alarm about the threat of poverty in later life…
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A new report commissioned by Fair4All Finance and authored with PwC has found that although UK financial services providers have made progress in making products and services accessible over the last decade, disabled consumers continue to experience different levels of support depending on the provider they use, the product they need, the channel they choose…
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The average UK home now costs the equivalent of 7.3 times average earnings, down from 7.6 a year ago, according to new research from Lloyds. The ratio is now at its lowest level since 2015. Nationally, the average property price increased by +0.5% over the last year, to £299,131, while average earnings rose by +4.5%…
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Motor finance lenders should continue strengthening their redress preparations despite the ongoing legal challenges to the FCA’s compensation scheme, leading banking and credit advisory firm Broadstone has warned ahead of an Upper Tribunal hearing this week wwk A case management hearing is scheduled for Monday 5th and Tuesday 6th October, which is expected to consider…
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InDebted has announced the appointment of Chris McNamara as Chief Executive Officer (CEO) and Brendan Lee as Chief Financial Officer (CFO). The appointments complete a CEO search that InDebted opened in April, when founder Josh Foreman moved from Chief Executive Officer into a dedicated Founder and Executive Director role. McNamara joins from Advanced Navigation, where…
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