Credit, Collections & Insolvency News
Latest monthly figures from the Insolvency Service for England & Wales have indicated that personal insolvency figures increased by 6.8% in August 2025 to a total of 11,348 compared to July 2025’s total of 10,624, and increased by 16.1% compared to August 2024’s figure of 9,778. In August 2025, 11,348 entered insolvency in England and…
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Latest figures from the Accountant in Bankruptcy (AiB) have shown that business insolvencies in Scotland fell slightly in August 2025. The data shows that there were 95 business insolvencies registered in Scotland, which was 7% lower than the number in August 2024. The business insolvencies comprised of 47 CVLs, 43 compulsory liquidations and five administrations.…
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Latest monthly statistics from the Insolvency Service show that business and personal insolvencies increased in Northern Ireland in August 2025. In August 2025, there were 134 personal insolvencies. This was 49% higher than in August 2024. The insolvencies consisted of 109 IVAs, 6 bankruptcies and 19 DROs. There were 12 business insolvencies, 9% higher than in…
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Just 19% (12,430) of the 66,860 senior executives in the UK financial services businesses are women according to analysis. by Fox & Partners. The share of senior roles held by women within financial services businesses has increased only marginally on the 18% of senior roles held by women a year ago. The data covers senior…
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DCB Legal has announced that it has appointed Eddie Harrison as its new Managing Director (MD) to lead the business into a new era of expansion. Harrison brings more than 20 years of experience across debt recovery, litigation, and financial services. Harrison most recently oversaw the build of debt collection processes for Revolut UK, managing the…
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More than two million households say they won’t turn on their heating this winter, an increase of a fifth (22%) compared with last year, according to new research from Uswitch. People who live alone are most likely to take drastic action, with one in ten solitary dwellers (10%) avoiding using the heating altogether. While households…
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A former Director General of the Institute of Directors, who was nominated for a prestigious businesswoman of the year award has been disqualified as a company director for Covid loan abuse. Anna Daroy served as interim Chief Operating Officer and later as interim Director General of the Institute of Directors from October 2018 to November…
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The Bank of England Monetary Policy Committee (MPC) has voted to hold interest rates at 4.0%. Commenting on the MPC’s decision not to change the Bank Rate Paul Broadhead, Head of Mortgage and Housing Policy at the Building Societies Association said “CPI Inflation has remained elevated at 3.8% and is expected to stay higher for…
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The Bank of England Monetary Policy Committee (MPC) has voted to hold interest rates at 4.0%. The MPC voted 7 to 2 in favour of the hold, with two dissenting member preferring to cut rates by 0.25% to 3.75%. Commenting on the MPC’s decision not to change the Bank Rate from 4.00%, George Lagarias, Chief Economist at…
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The scale of Britain’s living standards slowdown over the past 20 years is so large that a typical family today would be £20,000 richer had incomes continued at the rate of growth trending in 2005 according to the Resolution Foundation. Policies that the Resolution Foundation has designed and championed have put more money in people’s…
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IE Hub has announced a new partnership with National Debtline, a provider of free debt advice. The collaboration is designed to make it simpler for people to access professional support and share their affordability information with creditors. The new collaboration gives the customer the ability to connect directly with National Debtline from IE Hub and…
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Headline CPI inflation held steady at 3.8 per cent in August, ending a run of disappointing increases, as a downward contribution from air fares was offset by increases in hospitality and petrol. There were encouraging signs for policy makers under the bonnet as the closely watched core inflation fell from 3.8 per cent in July…
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More than a quarter (27%) of parents have bought their children a mobile phone by the time they turn nine years old (before they enter Year 5 at school) according to Compare the Market. A fifth (21%) of parents said their child was between nine and ten years old when they gave them their first…
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