All the updated news related to creditors

All the news related to creditors updated in real time

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Personal Finance

Company failures hit 30-year high in 2023

The number of company insolvencies hit a 30-year high in 2023 as firms suffered amid high interest rates and cost pressures. Figures from the Insolvency Service revealed that 25,158 firms across England and Wales went bust last year – up 14% on 2022 ...

30 Jan 2024 at 11:37

City

Bankruptcies in England and Wales slump to lowest levels since 1989

The number of people going bankrupt across England and Wales last year was the lowest since 1989, according to official figures. The decrease helped the overall number of personal insolvencies fall to a four-year low last year. Some 110,022 ...

28 Jan 2022 at 11:55

City

Farmers and creditors of failed online butcher Farmison left £7.3m out of pocket

Nearly 200 farmers and unsecured creditors owed more than £7 million after the collapse of online butcher Farmison & Co have been told they are not set to get any money back despite a rescue deal led by the former boss of Asda. A report ...

03 Jul 2023 at 10:56

Personal Finance

Calls for limit on how often people can be contacted about missed payments

Stronger rules are needed to prevent borrowers who are behind on their payments from being overwhelmed with correspondence chasing their debts, according to consumer champion Martin Lewis and the Money and Mental Health Policy ...

14 Dec 2023 at 00:01

City

Creditors table £17bn plan for Thames Water but call for regulatory leniency

A group of Thames Water lenders have put forward plans for a multibillion-pound rescue deal of the troubled supplier that would see them pump in new cash but ask for leniency in how it is regulated. Creditors including US and ...

10 Jun 2025 at 09:17

City

Thames Water creditors outline £20.5bn investment aims under rescue plans

A group of Thames Water lenders have set out plans on how they would deliver £20.5 billion of investment to turn around the troubled supplier’s performance as they look to secure a rescue of the firm. The supplier’s main ...

03 Sept 2025 at 13:16

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