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The Latest Breaking News from Insolvency Service

Number of people becoming financially insolvent reached 15-year high in 2025

Personal insolvencies across England and Wales were at the highest point since 2010 last year, the Insolvency Service said.

Evening Standard

Experts warn more firms could call time after October insolvencies spike

There were 2,029 company insolvencies in England and Wales in October, according to official data from the Insolvency Service.

Evening Standard

Personal insolvencies jumped by 7% annually in September

Debt relief order numbers were 5% lower than a record high seen in August, but remain at historically high levels, the Insolvency Service said.

Evening Standard

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Union raises concerns about efforts to preserve jobs at oil refinery

The Insolvency Service said every facet of the sales process for the Lindsey site was being carried out ‘fairly and appropriately’.

Evening Standard

Almost a third of Prax Lindsey oil refinery workers to lose jobs

Insolvency Service says 125 roles to go at Lincolnshire plant, which went into administration in summer

The Guardian - UK

Record number of people took out debt relief orders in August

The number of debt relief orders in August in England and Wales was a record high in the monthly records going back to their introduction in 2009.

The Independent UK

Personal insolvencies 5% higher in May than same month of 2024, figures show

The number of people needing ‘breathing space’ from debts was also 2% higher last month compared to May last year.

Evening Standard

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Personal insolvencies jumped by 8% month on month in April in England and Wales

Among businesses, compulsory liquidations reached the highest levels since September 2014, the Insolvency Service said.

Evening Standard

Number of people struggling with debts rising as ‘breathing space’ requests up

Around 8,033 breathing space registrations were recorded in March 2025, up is 4 per cent from the same time last year

The Independent UK

Number of people needing ‘breathing space’ from debts jumped annually in March

Some 8,033 breathing space registrations were recorded by the Insolvency Service in March 2025, which is 4% higher than in March 2024.

Evening Standard

12% annual jump in personal insolvencies across England and Wales in January

A rise in debt relief orders numbers since last year has coincided with the abolition of an admin fee and the expansion of eligibility criteria.

Evening Standard

Personal insolvencies jumped by 14% annually in 2024 across England and Wales

The number of people taking out debt relief orders increased to reach a record high last year, the Insolvency Service said.

Evening Standard

John Barnes banned from being company director over unpaid taxes

The former England and Liverpool footballer John Barnes has been banned as a director after his company failed to pay tens of thousands of pounds in tax

The Guardian - UK

UK Insolvency Service seeks up to 15-year director ban for Lex Greensill

Government agency issues disqualification proceedings after inquiry into failed finance firm Greensill Capital

The Guardian - UK

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The Independent UK

Company insolvencies in England and Wales jump to 14-year high

Insolvency Service data revealed that there were 6,342 company insolvencies over the three months to June 2023.

Daily Mirror

Slaps on the wrist for foreign bosses who scammed Covid lockdown help schemes

Banning cheating directors from running UK companies isn't much of a penalty if they're foreign nationals

Wales Online

Number of firms going bust up year on year as experts warn of 'domino effect'

The number of insolvencies in England and Wales increased by 7% in January against the same month last year against a backdrop of higher borrowing costs and soaring inflation

Glasgow Live

OAP Lanarkshire businessman pocketed £50,000 taxpayer backed loan for 'own benefit'

Thomas Whyte applied for the Bounce Back Loan intended to support businesses through the covid pandemic for his dormant company with just £203 in it's bank account.

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Daily Record

Craig Whyte's dodgy dad banned from being company director after fraud probe

Thomas Whyte used Fortress Restructuring to cheat taxman and rob staff of redundancy money. He also wrongly claimed a £50,000 Bounceback Loan. He was slapped with a 10 year directorship ban.

Birmingham Post

High Street Group administrators warn of scammers targeting creditors

To date the joint administrators for the collapsed property firm say they have received claims from 1,648 creditors

Daily Mirror

Greedy bosses pocketed Covid cash as up to £27bn of taxpayer loans lost

A company in Keighley received a £40,000 Bounce Back loan from the Government and later the same day transferred all but £500 into the director's personal account

Chronicle Live

Orchard House Foods: Workers forced to move in with elderly parents amid 'terrible wait' for redundancy cash

Staff made redundant at the Gateshead factory formerly run by Orchard House Foods are still waiting for their pay-offs.

The Guardian - UK

TUC seeks changes to draft law to help seafarers after P&O Ferries scandal

Sacking of nearly 800 crew in favour of low-paid agency workers in March led to calls for loopholes to be closed in seafarers’ wages bill

Birmingham Post

East Midlands businessmen banned over Covid Bounce Back loans

The men were disqualified following separate investigations into tens of thousands of pounds worth of fraud

Glasgow Live

Glasgow businessman in £4million wind farm scam living on benefits and driving Mercedes

Dr Paul Dougan has been banned from running a company for 14 years after an investigation by the UK Insolvency Service found investors were encouraged to put savings into a wind farm scheme that folded owing millions.

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