Debt Collection News

Latest figures from the Insolvency Service have shown that the number of business insolvencies in England and Wales fell to 1,868 in May 2026, 10% lower than in April 2026 (2,087), and 16% lower than the same month in the previous year (2,231 in May 2025). The insolvencies consisted of 285 compulsory liquidations, 1,423 creditors’ voluntary […]

New findings from UK Debt Collection News have highlighted just how much rests on the choice of debt collection agency—and how many businesses overlook one crucial question before they hire: is that agency actually regulated? The research paints a stark picture. Companies that choose to partner with the wrong debt collection agency risk far more […]

A property businessman who breached a director disqualification order for over a decade has been jailed for four years after orchestrating an elaborate scheme to move £3 million out of reach of his creditors just weeks before his assets were due to be liquidated. Tariq Sarwar, 59, of Gore Lane in Alderley Edge, was sentenced […]

The BBC has appointed debt collection company Themis Recoveries to pursue households suspected of avoiding the television licence fee, adding a dedicated recovery partner alongside its long-standing contractor, Capita. The move follows a sharp rise in evasion and reflects growing financial strain on one of the UK’s oldest television broadcaster.. According to a Commons public […]

HM Revenue & Customs has dramatically ramped up its use of private debt collection firms, spending more than £5 million in a single month as the government steps up efforts to claw back billions in unpaid taxes — with small businesses bearing the heaviest burden. Figures reveal that HMRC’s payments to TDX, the debt recovery […]

UK debt collection company McVicar Debt Collection Ltd based in Preston, Lancashire is facing renewed legal pressure after being served with a second winding up petition within a year, whilst also carrying an estimated £36,000 in unpaid County Court Judgements. Public Court records confirm that a winding up petition — Case Number CR-2026-002883 — was […]

An Oxfordshire-based medical technology company that spent over a decade developing cutting-edge patient monitoring systems has entered liquidation, leaving behind millions of pounds in liabilities and raising questions about the sustainability of innovative but cash-hungry healthcare startups in the UK. Isansys Lifecare Limited, headquartered at Milton Park in Abingdon, was a pioneering UK-based medical technology […]

The Government has introduced new legislation aimed at protecting small businesses by ensuring companies pay their suppliers within 60 days. Late payments could now result in significant fines, and boards will be required to disclose payment terms in their audit reports. Under the new measures, the Small Business Commissioner will gain expanded powers to investigate […]

The number of Scottish businesses in critical financial distress surged to 3,517 in Q4 2025, marking a 49.5% increase compared to the same period in 2024, when the figure stood at 2,353. This alarming rise, revealed by the Business Distress Index from Real Business Rescue, outpaces the UK-wide average increase of 43.8%. Across the UK, […]