https://www.newslocker.com/en-uk/profession/debt-collect-agencies/en-ukCopyright (C) 2026 newslocker.comThu, 30 Apr 2026 11:44:00 +0200 Figures reveal that HMRC’s payments to TDX, the debt recovery coordinator it uses to manage multiple collection agencies, climbed to £5.2 million in February 2026 — a jump of 73% compared to January. Ac]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/hmrc-spends-over-5m-in-one-month-on-debt-collection-services/Thu, 30 Apr 2026 11:44:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/hmrc-spends-over-5m-in-one-month-on-debt-collection-services/ Public Court records confirm that a winding up petition — Case Number CR-2026-002883 — was filed on 14 April 2026 and is currently listed as open. The petitioner is Adviser Services Holdings Limited, represented by Harpe]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/debt-collection-firm-served-with-winding-up-petition/Thu, 23 Apr 2026 15:34:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/debt-collection-firm-served-with-winding-up-petition/ Isansys Lifecare Limited, headquartered at Milton Park in Abingdon, was a pioneering UK-based medical technology company known for its innovative patient monitoring systems. LLP Site Its collap]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/medical-tech-firm-crashes-into-liquidation/Wed, 15 Apr 2026 09:19:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/medical-tech-firm-crashes-into-liquidation/ Under the new measures, the Small Business Commissioner will gain expanded powers to investigate poor payment practices, resolve disputes, and impose fines on repeat offenders. These fines could amount to tens of millions for co]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/new-business-late-payments-legislation-unveiled/Wed, 25 Mar 2026 11:26:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/new-business-late-payments-legislation-unveiled/ 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, 67,369 businesses were in critical distress by the end of the quarter.
Scotland’s higher-than-average increase highlights the unique challenges faced by its]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/scotland-sees-sharp-rise-in-business-distress/Tue, 10 Mar 2026 14:15:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/scotland-sees-sharp-rise-in-business-distress/ The personal insolvency data consisted of 780 bankruptcies, 3,847 debt relief orders (DROs) and 6,216 individual voluntary arrangements (IVAs).
The 6,216 IVAs registered in January]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/january-sees-a-rise-in-personal-insolvencies/Mon, 23 Feb 2026 18:04:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/january-sees-a-rise-in-personal-insolvencies/ 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 continuation of these pressures into 2026 is heightening the likelihood that tens o]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/438-rise-in-businesses-suffering-financial-distress/Mon, 02 Feb 2026 15:45:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/438-rise-in-businesses-suffering-financial-distress/ 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.
Family law firms also report a sharp increase in enquiries at the start of the year. Stowe Family Law has recorded a 20% rise in divorce and]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/spike-in-divorces-in-january-may-raise-personal-debt-levels/Tue, 27 Jan 2026 13:13:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/spike-in-divorces-in-january-may-raise-personal-debt-levels/ Without robust systems in place, even profitable companies can face insolvency simply because they ran out of cash.
This guide explores the best 10 credit control tips designed to fortify your financial position this year. Whether you run an SME or a large corporation, these strat]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/best-10-credit-control-tips-for-uk-businesses-in-2026/Mon, 05 Jan 2026 11:17:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/best-10-credit-control-tips-for-uk-businesses-in-2026/ Experts warn that insolvencies may become more frequent as businesses struggle with escalating costs, reduced consumer confidence, and ongoing economic uncertainty. Larger firms are also feeling the strain, with a nearly 20% rise]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/business-insolvencies-surge-amid-economic-pressures/Tue, 18 Nov 2025 14:42:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/business-insolvencies-surge-amid-economic-pressures/ 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.
The debt collection firm, known for its work with major utility providers, local authorit]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/fca-regulated-debt-collection-agency-enters-administration/Wed, 24 Sep 2025 10:44:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/fca-regulated-debt-collection-agency-enters-administration/ 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 taking upfront fees and then failing to provide the promised services. They falsely claimed to have decades of experience and used fake testimonials on their websi]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/scam-debt-collection-agencies-shut-down-for-keeping-clients-monies/Mon, 25 Aug 2025 10:39:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/scam-debt-collection-agencies-shut-down-for-keeping-clients-monies/ 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 by Yale School of Management professor James Choi reveals a sobering truth: AI debt collection is significantly less effec]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/ai-debt-collection-much-less-effective-than-humans-says-new-study/Tue, 24 Jun 2025 11:07:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/ai-debt-collection-much-less-effective-than-humans-says-new-study/ 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 May, which paints a worrying picture of rising debt levels, outdated processes, and overburdened staff struggling to keep pace.
The repor]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/lambeth-council-facing-628-debt-collection-crisis-due-to-overdue-invoices/Fri, 13 Jun 2025 11:46:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/lambeth-council-facing-628-debt-collection-crisis-due-to-overdue-invoices/ 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 to a June 9 statement from the Insolvency Service.
It comes as the number of crypto-related insolvency cases in the UK]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/insolvency-service-appoints-crypto-debt-recovery-expert/Tue, 10 Jun 2025 11:35:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/insolvency-service-appoints-crypto-debt-recovery-expert/ 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 days following their decision to cease trading.
More than £300,000 had been paid into Scotparts’ bank account from a customer in the days before]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/director-banned-for-200k-bank-payment-days-after-company-collapsed/Thu, 05 Jun 2025 14:31:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/director-banned-for-200k-bank-payment-days-after-company-collapsed/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/business-overdue-invoices-hit-26-month-high-in-wales/Wed, 04 Jun 2025 11:14:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/business-overdue-invoices-hit-26-month-high-in-wales/ 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, Renfrewshire, with an additional office in Rochdale, England, HPI was a leading designer a]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/medical-sector-suppliers-collapses-after-41-years-trading/Tue, 13 May 2025 10:05:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/medical-sector-suppliers-collapses-after-41-years-trading/ The report shows that of the 1,036 directors who were disqualified, 736 were for Covid loan abuse and the average length of a ban was eight years. The report also shows that there have been 131 bankruptcy restriction orders put in place, 87 of which were related to the abuse of Covid loans.
Directors can be banned from being the director of a company for]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/number-of-limited-company-director-disqualifications-rises/Wed, 16 Apr 2025 12:33:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/number-of-limited-company-director-disqualifications-rises/ The Civil Justice Council (CJC) is chaired by Sir Geoffrey Vos and he warned that Businesses and private individuals are facing “very significant delays” in recovering what they are owed despite having CCJs awarded in the County Court.
The report issued by the CJC advis]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/ccj-enforcement-is-extremely-slow-and-ineffective-says-judge/Sat, 12 Apr 2025 08:57:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/ccj-enforcement-is-extremely-slow-and-ineffective-says-judge/