https://www.newslocker.com/en-uk/profession/debt-collect-agencies/en-ukCopyright (C) 2026 newslocker.comThu, 09 Jul 2026 16:07:00 +0200 Phoenixism accounted for 22 per cent of the £3.8 billion in total tax losses in 2022-23, according to HM Revenue & Customs estimates, and the practice has long been a source of frustration for the small firms left unpaid when a customer]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/insolvency-service-using-ai-to-spot-phoenix-company-abuse/Thu, 09 Jul 2026 16:07:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/insolvency-service-using-ai-to-spot-phoenix-company-abuse/ The insolvencies consisted of 285 compulsory liquidations, 1,423 creditors’ voluntary liquidations (CVLs), 135 administrations and 25 company voluntary arrangements (CVAs). There were no receivership appointments.
CVLs accounte]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/may-sees-drop-in-business-insolvencies/Mon, 22 Jun 2026 16:09:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/may-sees-drop-in-business-insolvencies/ The research paints a stark picture. Companies that choose to partner with the wrong debt collection agency risk far more than the failure to recover their money. They expose their reputation, their legal standing, and their hard-won brand. Those that work with a prop]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/hiring-a-debt-collection-agency-why-regulated-agencies-matter/Thu, 18 Jun 2026 15:52:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/hiring-a-debt-collection-agency-why-regulated-agencies-matter/ Tariq Sarwar, 59, of Gore Lane in Alderley Edge, was sentenced at Manchester Crown Court on 12 June 2026 for fraud anticipating winding-up and two counts of acting in contravention of a disqualification order. His co-defendant, Ch]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/arrogant-businessman-jailed-after-transferring-3-million-to-avoid-paying-debts/Mon, 15 Jun 2026 18:06:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/arrogant-businessman-jailed-after-transferring-3-million-to-avoid-paying-debts/ According to a Commons public accounts committee report, the broadcaster is losing an estimated £550 million each year through non-payment.]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/bbc-appoints-new-debt-recovery-partner-as-licence-fees-evasion-hits-125/Fri, 12 Jun 2026 17:54:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/bbc-appoints-new-debt-recovery-partner-as-licence-fees-evasion-hits-125/ 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/