Business insolvencies rise by 5%

Latest figures from the Insolvency Service have shown that the number of business insolvencies in England and Wales was 1,931 in July 2026, 5% higher than in June 2026 (1,847) but 5% lower than the same month in the previous year (2,031 in July 2025). The business insolvencies in July 2026 consisted of 288 compulsory liquidations,…

Scottish business insolvencies fall – Credit Connect

Latest figures from the Accountant in Bankruptcy (AiB) have shown that business insolvencies in Scotland fell in July 2026. The data showed that there were 83 business insolvencies registered in Scotland, 28% lower than the number in July 2025. The total number of business insolvencies comprised 46 CVLs, 31 compulsory liquidations and six administrations. There…

Northern Irish business and personal insolvencies rise

Latest data from the Insolvency Service has shown that business and personal insolvencies in Northern Ireland increased in July 2026. The data showed that there were 169  personal insolvencies in Northern Ireland. This was 10% higher than in July 2025. The insolvencies comprised of  137 IVAs, 15 bankruptcies and 17 DROs. There were 16 business insolvencies,…

FCA bans senior manager of debt management firm

The Financial Conduct Authority (FCA) has banned Howard Roland Duckett from working in financial services due to a serious lack of honesty and integrity. Duckett was a senior manager at Beauforce Corporation Limited, a debt management firm. The High Court has disqualified Mr Duckett from acting as a company director for 10 years. It found…

Bobble AI enters insolvency proceedings over Rs 5.77 crore default; Krafton holds nearly 25% stake

Bobble AI is facing a formal insolvency process after its operating company, Talent Unlimited Online Services Private Limited, was admitted into the Corporate Insolvency Resolution Process by the National Company Law Tribunal (NCLT), New Delhi. The development was first reported by Entrackr, based on regulatory filings and records available with the Registrar of Companies. At…