Credit, Collections & Insolvency News
Latest data from the Insolvency Service for England & Wales has shown that personal insolvencies increased by 7% in 2025 when compared to 2024, rising to 126,240 from 117,958 in 2042 The annual number of IVAs in 2025 was 7% higher than in 2024, but remained lower than the record high annual numbers between 2019…
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Latest figures from the Accountant in Bankruptcy (AiB) have shown that business insolvencies in Scotland increased by 35% in December 2025. The figures showed that there were 111 company insolvencies registered. The insolvencies were comprised of 69 CVLs, 35 compulsory liquidations and seven administrations.There were no CVAs or receivership appointments. The overall 2025 Scottish business insolvency figures…
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Latest data statistics from the Insolvency Service show that there were 351 business insolvencies registered in Northern Ireland in 2025, which was an increase of 15% from 2024 (305 insolvencies). The increase was largely driven by a 56% increase in compulsory liquidations, although the number of CVLs decreased by 22%, while administrations increased by 47% and CVAs increased by…
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Opus Business Advisory Group has announced that it has further strengthened its advisory and turnaround capabilities with the appointment of Heather Bamforth as Director. Bamford brings more than 20 years of experience supporting businesses through periods of challenge, transition, and growth. She joins Opus following a senior advisory role at KPMG, where she played a…
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New data analysis by Growth Flag has highlighted that thousands of UK firms projected to deliver strong growth next year are already showing signs of financial strain. The research, which analysed more than 4.3 million UK businesses, found a shrinking pipeline of firms achieving strong growth and a widening base of companies under pressure. Just…
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New analysis of small business loan activity in Q4 2025 has shown that overall demand for funding is levelling off despite diverging trends in construction and manufacturing according to Purbeck Insurance Services. Borrowing behaviour also remained defensive. Working capital to support cash flow continued to be the dominant reason for finance in Q4 2025, with…
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A convicted fraudster who secured £150,000 in Covid support for mobile phone shops in England and Wales has been ordered to repay all the money. Zahid Afzal made two legitimate applications for Bounce Back Loans totalling £52,500 on behalf of his companies Phone Bits Limited and Phones Onn Ltd, in 2020. However, Afzal then exploited…
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Research from Thinkmoney shows that while the festive season may feel like a distant memory, the financial consequences are only just beginning for a significant number of people. Credit card statements, Buy Now Pay Later reminders, overdraft balances and household bills are all landing at once, creating pressure at the start of the year. The…
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The Enforcement Conduct Board (ECB) has published its first Insight Report, which presents new data on enforcement (bailiff) industry practices, drawing on evidence from its complaints handling service and oversight work. The data showed that the enforcement industry is handling over 7 million cases a year, impacting millions of people, with the industry sector collecting…
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Around two in five self-employed (38%) and freelancers (40%) are actively saving for retirement, according to research from Aviva. Just over a third (34%) of digital nomads, those who use technology to work remotely while travelling and living in various locations, rather than being in a single office, are actively saving into a pension or…
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New research from Direct Line Business Insurance shows late payments are worsening across the trades sector, with over two-thirds (68%) of tradespeople currently chasing at least one overdue invoice, with the average amount owed standing at £2,023. Over half of the trades sector (53%) says they are experiencing more late payments than a year ago..…
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New figures released by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) in November 2025 grew by 7% compared with the same month in 2024. In the eleven months to November 2025, new business was 3% higher than in the same period in 2024. The IT…
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New figures released by the Finance & Leasing Association (FLA) show that second charge mortgage new business volumes grew by 27% in November 2025. Commenting on the latest new business figures for the second charge mortgage market, Fiona Hoyle, Director of Consumer & Mortgage Finance and Inclusion at the Finance & Leasing Association (FLA), said “The…
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