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The Latest Breaking News from The Insolvency Service

Financier Lex Greensill banned from running UK companies for nine years

Founder of Greensill Capital says there was no finding he acted dishonestly after his company collapsed owing £1.6bn

The Guardian - UK

Lex Greensill banned from directing UK companies after lending firm collapse

The Australian businessman made an unsuccessful attempt to have the disqualification proceedings thrown out

The Independent UK

Lex Greensill banned from directing companies in UK for nine years

The Australian businessman had previously sought to challenge the Government’s bid to ban him.

Evening Standard

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More companies go bust in March as fears mount over Iran war impact

The Insolvency Service said the number of company insolvencies rose 7% month-on-month in March to 2,022.

Evening Standard

Personal insolvencies jump as debt relief order registrations reach record high

At 4,523, the number of debt relief orders in March in England and Wales was a record high going back to their introduction in 2009.

Evening Standard

Indian couple jailed in UK for running companies for over 5 years despite legal ban; involved in £2 million tax fraud

An Indian‑origin couple was sentenced in the United Kingdom after they continued to run companies for more than five years despite being legally barred from doing so.

The Times of India

Company failures rise amid fears Iran war will push collapses higher

Official figures showed company insolvencies rose 7% higher month-on-month in February.

Evening Standard

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Record high number of people turned to debt relief orders in February

The Insolvency Service figures for England and Wales showed 4,210 debt relief orders were recorded in February.

Evening Standard

Fraudster who wanted to become Mayor of London spared jail for £105,000 Aparthotels scam

Ghanshyam Sarup Batra, 63, left virtually nothing for creditors demanding £6.5 million, the Insolvency Service said

Evening Standard

Administrations rise by 41% amid surge in new year high street failures

The Insolvency Service said the number of company administrations jumped to 151 between December and January.

Evening Standard

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

Badenoch accused of ‘interfering’ in lobbying scandal linked to Cameron

Lex Greensill alleges current Tory leader used business secretary position to protect former PM from scrutiny

The Guardian - UK

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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Evening Standard

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’.

The Guardian - UK

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

Evening Standard

125 jobs to be axed at Lindsey oil refinery after administration

Unions have said the job cut plans come despite ‘at least two bids’ to buy and operate the facility as a going concern.

The National (Scotland)

Former Highlands hotel boss barred from company director roles over tax debt

A FORMER Isle of Skye hotel boss has been banned from being a company director after failing to pay thousands in tax debt

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Evening Standard

Former Institute of Directors boss disqualified as a company director

The Insolvency Service said the move followed Covid loan abuse.

Evening Standard

More businesses forced to close in July as cost pressures mount

The number of compulsory liquidations was slightly higher than in June, the Insolvency Service said.

Evening Standard

South London companies with faked accounts claiming £1.6bn turnover shut down by High Court

Five companies were wound up after their accounts were declared as false

Evening Standard

Company insolvencies jump 8% after cost increases

Insolvency Service data showed there were 2,238 company insolvencies in England and Wales in May.

Evening Standard

London fraudster invented business for bogus £50,000 Covid Bounce Back loan claim

The £50,000 Bounce Back loan for the fictional company was approved within two days

Evening Standard

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.

The Independent UK

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

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