Stay informed with the latest in insolvency news and industry updates. We can keep you up to date with insolvency and finance information from around the world.
Authorities could also make employers hand over part of salaries until the debt is paid
A sign warning drivers that they will be entering Low Emission and Ultra Low Emission Zones
Drivers who persistently refuse to pay ultra-low emission zone (Ulez) fines could be made bankrupt, Transport for London (TfL) has said. The transport authority made the claim as it vowed to enhance its crackdown on a “specific group of drivers” with long-standing Ulez debts.
Some 94% of Ulez debt is owed by people with at least four outstanding penalty charge notices (PCNs). TfL said it “continues to ramp up its efforts to deliver stronger enforcement”, which in “extreme cases” could lead to an individual facing “bankruptcy proceedings” if they…
Could data centers and the power grid be America’s next “renaissance?” With the U.S. national debt exceeding $37 trillion and interest payments surpassing defense spending, many articles have been written about the “debt doomsday” event coming. Such was a point we made in “The Debt and Deficit Problem.”
“In recent months, much debate has been about rising debt and increasing deficit levels in the U.S. For example, here is a recent headline from CNBC:”
“The article’s author suggests that U.S. federal deficits are ballooning, with spending surging due to the combined impact of tax cuts, expansive stimulus, and entitlement expenditures. Of course, with institutions like Yale, Wharton, and the CBO warning that this…
A former interim head of the Institute of Directors (IoD) has been disqualified from acting as a company director for 11 years over the abuse of the Covid Bounce Back Loan Scheme.
Anna Daroy, 61, of Abbots Morton, Worcestershire, who led the prestigious business lobby group in 2019, secured two £50,000 loans for her management consultancy, Globepoint Associates, when the rules permitted only one per business. An Insolvency Service investigation found that Globepoint Associates received a total of £100,000 from two separate banks within five days in May 2020.
The company, for which Ms Daroy was the sole director, entered liquidation in March 2023 with both government-backed…
New company insolvency statistics show accommodation and food services insolvencies rose again in July, this time by 5% to 327 from 306 the month before.
When analysing the data, RSM UK notes that this is the first time the number of hospitality insolvencies has risen consecutively for three months since prior to the current data-set’s starting point in January 2022.
“The continued uptick in insolvencies is a worrying trend, but one we have been forecasting for several months now,” says Saxon Moseley, partner and head of leisure and hospitality at RSM UK.
A record number of people turned to debt relief orders (DROs) in August to ease their financial struggles, Insolvency Service figures show.
In total, the number of people going financially insolvent across England and Wales jumped by 16% in August compared with the same month a year earlier, according to Insolvency Service figures.
Some 11,348 people entered insolvency in England and Wales in August, which was also 7% higher than the total in July this year.
The insolvency total was made up of 4,239 debt relief orders (DROs), 622 bankruptcies and 6,487 individual voluntary arrangements (IVAs).
The number of DROs taken out in August 2025 was a record high in the monthly records going back to their introduction in 2009, the…
Construction insolvencies increased slightly in July compared with June, although the rate was lower than 12 months ago, according to the latest official statistics.
Insolvency Service figures show 332 construction companies went into administration or liquidation in July – up 2.5 per cent on the previous month’stotal of 324 but down 3.5 per cent on July last year.
The data, released this morning (19 September), covers company insolvencies for August, but sector-specific data lags by one month, so the construction data was only updated for July.
The figures reveal that the construction sector lost 3,973 firms to insolvency in England and Wales during the 12 months to August 2025.
This tally is more than any other sector, accounting…
Manchester United took on an extra £105m of debt to help fund their summer transfer spending, taking the amount they now owe to almost £1.1bn.
United released club accounts up to 30 June 2025 on 17 September.
More detailed information was then released to the New York Stock Exchange on 18 September when the club outlined some of their business after the initial reporting date.
United say they spent £167.8m on new players after 30 June. They signed Bryan Mbeumo from Brentford on 21 July, Benjamin Sesko from RB Leipzig on 9 August and Senne Lammens from Royal Antwerp on 1 September. They had already signed Brazil forward Matheus Cunha from Wolves for £62.5m in June.
In the latest financial statement, the club confirmed their debt was…
The federal disability minister says his concerns about the financial state of the country’s second-largest employer of people with a disability have grown.
According to its website, Bedford provides services to more than 1,500 people with a disability across South Australia. But the company aired concerns it would need to enter voluntary administration in July.
The state government stepped in with a $15 million lifeline, in exchange for ownership of a supported accommodation in Adelaide’s inner South.
While the disability provider avoided administration, advisory firm McGrathNicol was appointed to work with Bedford on a restructure.
Mark Butler says the depth of Bedford’s financial struggles has been exposed. (ABC News: Callum Flinn)
Today’s company insolvency statistics show accommodation and food services insolvencies rose again, this time by 5% (up on the 4% rise last month) from 306 in June 2025 to 327 in July 2025, equalling the highest monthly figure since November 2024.
Year-on-year insolvencies were also up from 323 in July 2024.
It also represented the third consecutive monthly rise – a milestone not surpassed since prior to the current data-set’s starting point in January 2022.
Saxon Moseley, partner and head of leisure and hospitality at leading audit, tax and consulting firm RSM UK, said: “The continued uptick in insolvencies is a worrying trend, but one we have been forecasting for several months now.
Could data centers and the power grid be America’s next “renaissance?” With the U.S. national debt exceeding $37 trillion and interest payments surpassing defense spending, many articles have been written about the “debt doomsday” event coming. Such was a point we made in “”
“In recent months, much debate has been about rising debt and increasing deficit levels in the U.S. For example, here is a recent headline from CNBC:”
“The article’s author suggests that U.S. federal deficits are ballooning, with spending surging due to the combined impact of tax cuts, expansive stimulus, and entitlement expenditures. Of course, with institutions like Yale, Wharton, and the CBO warning that this trend has pushed interest…
