Credit, Collections & Insolvency News
Latest figures from the Accountant in Bankruptcy (AiB) have shown that business insolvencies in Scotland increased in March 2026. The data showed that there were 131 company insolvencies registered in Scotland, 11% higher than the number in March 2025. The insolvencies comprised of 53 CVLs, 57 compulsory liquidations, 18 administrations and three receivership appointments. There…
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Latest monthly statistics from the Insolvency Service have shown that business insolvencies and personal insolvencies rose in Northern Ireland in March 2026. The data showed that there were 35 company insolvencies registered in Northern Ireland, 21% higher than in March 2025. The insolvencies comprised of 25 compulsory liquidations, nine CVLs and one CVA. There were…
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Almost half (49%) of the 55 profit warnings issued by UK-listed companies in Q1 2026 cited the impact of policy change and geopolitical uncertainty as a leading factor, according to EY-Parthenon’s latest Profit Warnings report. Since the start of the conflict in the Middle East on 28 February, more than two in five (42%) of…
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Insolvency practice, Business Rescue Expert (BRE), has announced the launch of a specialist Turnaround division. Turnaround & Restructuring Expert (TRE) is supporting businesses across the UK, with a focus on protecting jobs and avoiding formal insolvency. The move forms part of Darlington-headquartered Business Rescue Expert’s wider strategy to expand its advisory services and follows the…
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Latest monthly figures from the Insolvency Service for England & Wales have indicated that personal insolvencies increased by 3% when compared to February 2026 and 30% higher than in March 2025, totalling 12,252 personal insolvencies The insolvencies consisted of 654 bankruptcies, 4,523 debt relief orders (DROs) and 7,075 individual voluntary arrangements (IVAs). T The 7,075 IVAs registered…
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The UK economy grew by 0.5% in February, according to the Office for National Statistics (ONS), the biggest monthly rise in more than two years. The ONS said the services sector, which accounts for more than three-quarters of the economy, grew by 0.5%. Production output also grew by 0.5%, while construction rose by 1%. The…
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The Credit Services Association (CSA) has set out ten challenges for how public sector recoveries and collections could evolve, to better support people in financial difficulty and improve outcomes for taxpayers. The new paper, published by the CSA, is titled ‘Ten key discussions in the debate around modernising public sector collections.’ The trade body for…
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The percentage of small businesses predicting growth for the next three months (28%) remains largely unchanged from last quarter (27%) – although 78% of enterprises go into the summer fearing the economic impact that geo-political and economic tensions will have on their businesses, according to new research from Novuna Business Finance. Based on polling a…
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New data shared by independent SME lender, Time Finance, has shown a significant rise in web searches for Asset Based Lending (ABL), in an encouraging sign business owners’ awareness, appetite and uptake of multi-product finance is on the rise. Analysis of search data from Semrush has shown that average monthly searches for Asset Based Lending…
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Mortgage adviser activity rose sharply in March, with total searches reaching 2,150,593, as borrowers responded to ongoing economic uncertainty and shifting mortgage pricing, according to the latest Mortgage Market Snapshot from Twenty7tec. Data from Insight Pro shows this represents a 19% increase compared with February and a 17% rise year on year, marking the highest…
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With just three months until new buy now pay later (BNPL) regulations come into force on 15th July 2026, RSM UK warns firms need to ensure they are fully prepared for the changes now, or face no longer being authorised to provide credit to consumers. Zoe Morton, Consulting Director at RSM UK said “Firms providing…
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The Government has announced that is it modernising rules around council tax debt collection, as the Ministry of Housing, Communities, and Local Government responded to their modernisation consultation. The Government announced that the timeframe before a person loses the right to pay in instalments will be extended from one missed payment to three, and at…
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AI-enabled automation software specialist, Aryza has announced the acquisition of Umbrella Tech, a voice-based agentic AI for the financial services industry. Featuring hyper-realistic voices and advanced speech analytics, Umbrella Tech enables organisations to automate collections, customer service, and compliance journeys with accuracy, speed, and multilingual support in over 100 languages worldwide. Colin Brown, CEO of…
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