Record court actions by non-bank lenders spark warning for small business owners over personal guarantee risks – News Hub

Key Facts: Court actions by non-Big-Four lenders reached a record high in the September 2026 quarter, driven by non-bank lenders. Jirsch Sutherland reports a sharp rise in distressed SMEs taking out short-term loans with personal guarantees to manage cash flow. Directors risk losing their homes and personal assets if their businesses fail, with two recent…

Company which promised directors they could ‘walk away’ from failing businesses is shut down

The Insolvency Service shut down a company that claimed it could help directors of failed businesses ‘walk away’ with ‘no comeback’ after an investigation. Leeds-based Ellan NW Ltd, trading as Knowsley Recovery, claimed it could help directors avoid the insolvency system by arranging the purchase of their struggling companies. The company claimed the new owners…

FCA Warns Consumers Against Costly Debt Advice Schemes

Consumers struggling with mounting bills and missed credit card payments face additional financial risks from misleading debt relief services, the UK’s Financial Conduct Authority (FCA) has warned. The regulator urged people seeking help to use free, impartial advice and verify providers’ credentials before agreeing to paid solutions that could increase their financial burden. The Bank…