UK Insolvency Service News and Legal Updates
Insolvency Service reports stronger enforcement and £42.7 million returned to UK economy
The Insolvency Service says it returns £42.7 million to creditors and the wider economy in 2025-26 as it expands support for individuals and businesses under financial strain. The agency also ...
Insolvency Service speeds debt relief applications with £900,000 MaPS-backed tech upgrade
People in financial distress are getting faster access to debt relief orders after a new digital link goes live between debt advisers and the Insolvency Service. The £900,000 upgrade is designed ...
Resolution plan for Amar Prakaash Developerss approved by the tribunal
The next decisive phase in the insolvency resolution process of Amar Prakaash Developerss Private Limited has been completed, as the resolution plan submitted for the company has been approved in ...
Thames Water creditors prepare bid if utility enters state control in the UK
With Thames Water facing mounting pressure over its finances, senior creditors are willing to bid for the utility even if it is placed into temporary taxpayer control. The prospect leaves the ...
Glasgow director banned over hidden raw tobacco imports
A Glasgow company director is being barred from running companies after authorities linked his business to a shipment of raw tobacco concealed inside furniture. The eight-year ban follows a border ...
UK trade union regulator updates register, opens online casework service
The UK trade union regulatory framework is seeing a series of administrative changes, including union removals, a merger and new independence applications before the Certification Officer. The ...
Wolverhampton director sentenced over fraudulent Covid loan claims
UK authorities are continuing to pursue misuse of pandemic support schemes, with a Wolverhampton company director now sentenced over falsely obtained Bounce Back Loans. The case centers on ...
Market Financial Solutions owner travel ban lifted as fraud-linked UK probe continues
Pressure on creditors and regulators around the collapse of Market Financial Solutions remains high after restrictions on owner Paresh Raja were eased in Dubai. The worldwide freezing order ...
Morgan Stanley backed MFS before UK private credit group's collapse
Before Market Financial Solutions collapses under £1.8 billion in debt, the British private credit lender has already drawn support from major financial institutions as it expands its mortgage ...
UK regulator sanctions GFG auditor over independence failures
Britain's audit oversight is tightening scrutiny of firms tied to Sanjeev Gupta's GFG Alliance as questions around the group continue after its funding crisis. The latest action targets audits ...
UK audit regulator fines King & King, bans partner over GFG audit failures
Regulatory scrutiny of audits linked to Sanjeev Gupta’s industrial group is intensifying as the UK accounting watchdog imposes financial and professional sanctions on a small audit firm and its ...
