Debt Collection News

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, […]

The latest monthly figures from the Insolvency Service for England & Wales have indicated that personal insolvencies increased by 12% in January 2026 compared to January 2025, rising to 10,843 from 9,644. Personal insolvencies were 20% lower than in December 2025, when numbers were affected by a temporary backlog. The personal insolvency data consisted of […]

The latest Red Flag Alert research from Begbies Traynor has revealed a significant 43.8% year-on-year increase in ‘critical’ financial distress during Q4 2025. Throughout 2025, UK businesses faced ongoing challenges stemming from prolonged economic uncertainty, rising operating costs driven by inflation and higher wages, increased tax burdens, elevated interest rates, and weakened consumer demand. The […]

Often dubbed ‘divorce month’, January has long been recognised as the time of year when family lawyers see a significant rise in people seeking to end their marriages. Current Google data supports this trend, showing that UK searches for ‘divorce’ during the week beginning 11th January reach their highest point in the past 12 months. […]

Cash flow remains the lifeblood of any UK business. In 2026, navigating the financial landscape requires more than just making sales; it requires ensuring that the money owed to you actually lands in your bank account. Without robust systems in place, even profitable companies can face insolvency simply because they ran out of cash. This […]