insolvency service

Overseas workers conned out of thousands by fake care recruiter

24th July 2026 Commercial Credit Management | #fraud #insolvency service

A bogus care recruitment company that swindled overseas workers out of more than £19,000 by charging for visa sponsorship services it could not legally provide has been shut down. Medrecruiter Limited claimed to have nearly 6,000 carers on its books and be active in more than 500 care homes across the UK. In reality, Insolvency…

Insolvency Service returning millions to creditors and economy

15th July 2026 Business | #insolvency service

The Insolvency Service has returned £42.7 million to creditors and the wider economy in 2025-26 while increasing enforcement action against rogue directors and supporting thousands of people facing financial hardship, according to its Annual Report and Accounts. The report shows the agency handled 11,668 insolvency cases, processed 70,633 redundancy payments, and approved 48,344 Debt Relief…

Insolvency Service launches strategy to tackle crime

17th July 2025 Business | #fraud #insolvency service

The Insolvency Service has announced ambitious and transformational plans to play a more prominent role in the fight against economic crime and be recognised as the UK’s leading authority in enforcing corporate and insolvency standards. The strategy commits the agency to broadening its remit, taking robust action against criminals who defraud businesses and taxpayers, and…

Insolvency Service board makes appointment

8th May 2024 Appointments | #insolvency service

The Insolvency Service board has announced it has appointed Lorcan O’Connor, founder and former leader of the Insolvency Service of Ireland as a non-executive member. O’Connor, who founded the Insolvency Service of Ireland (ISI) in 2012, joined the UK’s Insolvency Service Board in April. The Board is the agency’s main decision-making body and is responsible…

The Insolvency Service launches company director information hub

10th July 2023 Business | #insolvency service

The Insolvency Service has launched a new online information hub to support company directors. The hub hosts guidance and information on a range of business themes commonly faced by companies and aims to help company directors to push their business forward by being more aware of potential pitfalls. It is specifically designed for directors of micro,…

Fortress Restructuring director receives ten year ban after wrongly claiming £50,000 loan

14th February 2023 Business | #insolvency service

A company director has received a ten year from the Insolvency Service td after wrongly claiming a £50,000 loan. Thomas Whyte claimed £50,000 Bounce Back Loan for a dormant Scottish restructuring business, and withdrew cash before the firm was wound up. Whyte was the sole director and shareholder of Fortress Restructuring until it was wound…

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