Debt Collection News

The number of businesses collapsing in England and Wales has seen a sharp increase, with 2,029 companies going insolvent in October—a 17% rise compared to the same month last year, according to the Insolvency Service. This also marks a 2% increase from September. Experts warn that insolvencies may become more frequent as businesses struggle with […]

Scott and Mears Credit Services Enters Administration Scott and Mears Credit Services Ltd, a prominent name in the UK’s debt recovery sector, has officially entered administration, ceasing all trading activities effective immediately. This development brings uncertainty for the company’s employees, its extensive client base, and individuals with whom it was engaged in debt collection processes. […]

Scam Debt Collection firms shut down Three connected debt collection agencies in Sunderland have been closed by the High Court after an investigation found they kept over £50,000 of funds collected for their clients. The companies, EDC Group NE Ltd, UK EDC Ltd, and UK TCF Limited, were found to have deceived small businesses by […]

Businesses turning to AI debt collection may be sacrificing significant results and customer trust, according to new research from one of the Worlds top Universities. As artificial intelligence reshapes industries from finance to customer service, many companies have eagerly adopted AI debt collection tools to automate recovery processes. But a ground breaking 2025 study led […]

Lambeth Council is currently owed £62.8 million in overdue invoices and debts – an increase of more than 12% on last year’s figures. This has led to fresh concerns over how the authority manages its finances and enforces debt collection. The figure are revealed in a report due presented to the Overview and Scrutiny Committee on 20th […]

The UK Insolvency Service has appointed its first crypto intelligence specialist to help with enforcement recover crypto from bankruptcy, civil and criminal cases. Andrew Small, a former police investigator with a background in economic crime, will lead efforts in enforcement to trace and reclaim crypto assets that haven’t been accounted for in those proceedings, according […]

A Scottish businesswoman has been banned as a company director after paying her daughter £200,000 days after their firm collapsed. Mother and daughter Hazel Lamont and Nicola Murray decided to wind up their Scotparts UK Ltd. company in 2023 as it was insolvent. Lamont, 74, paid her daughter almost £200,000 in company money in the […]

The number of overdue invoices on the books of Welsh businesses hit a 26-month high in April 2025, according to new research from R3, the UK’s insolvency and restructuring trade body. R3’s analysis of data provided by Creditsafe shows there were 156,775 overdue invoices on the books of Welsh businesses in April 2025 – the […]

A well known Medical Gas Suppliers company has ceased trading after plunging into administration after 41 years. Blair Milne and James Fennessey, partners with Azets, have been appointed joint administrators of medicinal gas pipeline installation and servicing specialist, Hospital Pipeline Installations Limited (HPI). Founded over 40 years ago in 1984, and headquartered on Duke Street in Paisley, […]