As the financial year approaches its close, many finance teams review their ledgers with one goal in mind: cleaning them up before year-end. Outstanding balances that appear unlikely to be recovered are often written off so the books look tidy. But while writing off debt may simplify reporting, it isn’t always the best commercial decision. […]… Continue Reading
When foresight is better than hindsight! By Philip King As we moved into 2026, I spent a morning chatting with members of the Member Support and Debt Recovery teams at Top Service. I wanted to know what they had seen in 2025 and what lessons they learned for the year ahead. Several key themes emerged. […]… Continue Reading
Insights from CEO Emma Reilly FCICM It’s been a bust but productive start to the year for us at Top Service. We are freshly back from the CICM’s British Credit Award,s where Top Service made the finalists lkist in two categories! It wasn’t the night for us to bring home the awards, but it was […]… Continue Reading
We’ve already been out and about at industry events this year & and one consistent message we’re hearing on the ground is that “volume is down and insolvencies are up.” It’s a phrase that’s come up repeatedly, and it matters. While insolvency statistics suggest a slight overall decline, construction remains the most affected sector, and […]… Continue Reading
Why the best business outcomes still depend on people talking to people. By Philip King FCICM I was privileged to represent Top Service at the 2025 CICM CreditFest events held in Birmingham, Manchester, London, and Leeds in recent months. They were great events, and it was suggested I might share some of my thoughts with […]… Continue Reading
January 2026 saw a slight rise in company insolvencies across England and Wales, but the construction sector remains under the most strain. January 2026: Monthly Results In January 2026, there were 1,744 registered company insolvencies, up 4% from December 2025 (1,683) but 14% lower than January 2025 (2,028). Breakdown of January 2026 insolvencies: Compulsory liquidations: […]… Continue Reading
We are midway through the first month of 2026, and from all of us at Top Service Ltd, we wish you a very happy New Year. As we move into 2026, the UK construction sector continues to operate in a uniquely challenging environment. Economic data from late 2025 shows construction output remained subdued, driven by […]… Continue Reading
The latest insolvency figures are in, and while headline numbers dipped at the end of 2025, risk in the construction supply chain remains very real. In December 2025, 1,671 companies across England and Wales became insolvent: While this monthly fall is welcome, it mirrors normal volatility rather than a meaningful recovery. Insolvency levels remain elevated […]… Continue Reading
January is a critical time for construction businesses. With tight margins, long projects, and the financial pressure of overdue invoices rolling over from last year, cash flow can start the year under strain. At Top Service Ltd, we help construction suppliers and merchants minimise debt, maximise cash, and start the year with confidence. Our specialist […]… Continue Reading
The latest company insolvency figures for England and Wales provide a welcome (though cautious) signal for the construction sector. In November 2025, there were 1,866 registered company insolvencies, down 8% on October and 7% lower than November 2024. While insolvency numbers across 2025 remain slightly higher than last year, they are still significantly below 2023, […]… Continue Reading
