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Industry > Trends


Personal insolvencies plummet to a 10-year low

Individual insolvencies in England and Wales have fallen to their lowest levels since 2005, amid low inflation, unemployment and interest rates. Read full story


Scottish insolvencies drop to lowest for a decade

The number of Scots going bust has dropped in the past year to its lowest level in 10 years, according to the Accountant in Bankruptcy (AiB). Read full story


Customer redress and fines costs banks nearly £40bn

Soaring levels of customer remediation, conduct failings and fines have cost Britain’s biggest banks £38.7bn, according to a KPMG report. Read full story


Forbearance cover ramps up at Barclaycard

Barclays has revealed that bad debt losses at Barclaycard increased to £573m in the final quarter of 2014, due to extra forbearance cover. Read full story


Retail administrations drop 35% in 2014

The retail sector received a welcome boost as the number of administrations in the industry dropped by 35% in 2014 year-on-year. Read full story


‘Shadow insolvencies’ could cost £200m

‘Shadow insolvencies’ could have cost HMRC and creditors up to £200m in the last year, according to accountancy firm Moore Stephens. Read full story


Scottish bankruptcies hit six year low

The number of Scottish bankruptcies fell to its lowest level since April 2008 in the third quarter of 2014. Read full story


Insolvencies cost taxpayer £4.4bn

Up to £4.4bn was lost by HMRC during 2012-13 due to “non-payment” of taxes in business and taxpayer insolvencies, according to the revenue’s latest Tax Gap Estimate report. Read full story


Financial services complaints drop 5%

New figures from the Financial Conduct Authority (FCA) have shown a 5% reduction in complaints received by financial services companies in the first half of 2014. Read full story


Restaurants buck falling insolvencies trend

The number of restaurants entering insolvency has jumped 15% year-on-year, going against falling levels of insolvencies across all sectors. Read full story


SME’s confident banks will lend

Three in five UK SMEs believe they would be successful if they applied for a bank loan to fund their investment plans, according to research by Clydesdale and Yorkshire Banks. Read full story


Funding for Lending to SMEs falls £435m in three months

Latest figures for the Bank of England’s Funding for Lending scheme (FLS) show that net lending to SMEs has dropped by £435m in the three months to June. Read full story


Updated: Creditor losses soar in Q1 2014

The level of losses to creditors has soared to £119.6m during the April to June period in 2014, while director disqualifications have also increased, according to research from Zolfo Cooper. Read full story


Personal insolvencies increase in Q2 through IVAs

The level of personal insolvencies in England and Wales during Q2 2014 (April-June) increased 5.1% since Q1 2014, according to official statistics from The Insolvency Service. Read full story


Interest rate rise will cost Brits £7.6bn

Increasing interest rates by 1% would cost UK individuals an extra £7.6bn in borrowing costs in the next year, according to research from Moore Stephens’ restructuring and Insolvency team. Read full story


Scottish insolvencies jump 36%

The number of Scottish corporate failures has increased 35.9% year-on-year during Q2 2014. Read full story


SME risk levels on the rise

UK businesses have experienced a 34% increase in levels of ‘significant financial distress’, according to the latest Begbies Traynor Red Flag Alert. Read full story


Insolvency Service on target in 2013/14

The Insolvency Service has announced it has met all of its published targets in its 2013/2014 annual report, published yesterday (17 June). Read full story


Not so nice beside the seaside

Coastal areas of England and Wales have the highest levels of personal insolvency, according to latest figures from the Insolvency Service. Read full story


R3 welcomes low distress and high growth

The levels of business distress and business growth have remained at record highs and lows respectively, according to insolvency trade body R3. Read full story