Press Information

Full year Insolvency volumes for 2011 were 119,000 in England & Wales, and 20,000 in Scotland. This represents a 13% decrease in England & Wales, and a 3% overall decrease in Scotland. It is important to remember that this decrease is in comparison to record high insolvency levels in 2010, and that volumes remain significantly above pre-2009 levels.

Seasonality had an impact on November volumes for some insolvency solutions, and similar effects will mean lots of volatility, and ultimately lower overall insolvency volumes over the next 3 months. DROs showed an 11% rise from October to November, while Trust Deeds showed a 20% decrease. Both these effects fit trends from previous years and are therefore seasonal, rather than indicators of any longer term trends into 2012.

In 2011 we have seen a change in the mix of insolvency solutions. While Bankruptcy volumes have fallen by nearly 30%, IVA volumes have fallen by only 8%, and DRO volumes have grown by nearly 20%.

A team of 13 from BT and TDX spent a day improving the outdoor area of the Nottingham Women's Centre clearing weeds,pruning and planting, including creating a vegetable patch and areas to encourage
birds and wildlife.

Our data shows that total insolvencies in England and Wales in Q3 2011 were 29,700. This was 12% behind the same period for 2010.

Denise Allan, Director of Operational Finance, Sky commented: "We are pleased to be working with TDX. We selected TDX as a partner because we believe their purpose-built recoveries platform and systems will complement our own capabilities and their intermediary position will broaden and deepen our relationship with debt collection agencies."

August was the first month of the year in which IVA volumes were higher than in 2010. This is a good indicator that the 12-month rolling total of IVAs may well now start to rise (having previously fallen to less than 49,000 compared to 52,000 during the same period in 2010). This growth should not be unexpected given the current economic conditions.

With more than 30 years experience, Bob has extensive knowledge of debt management, collection strategies, operations and project management as well as client relationship management. Previous roles have included senior positions at Orange/T-mobile, npower, Centrica and 3 Mobile.

TDX has been awarded ISO 27001 certification for Information Security Management relating to the provision of debt placement and management.

In Scotland, Trust Deeds have been above 2010 volumes for each of the last 4 months. Although year-to-date volumes are still 3% below 2010, if the current trend continues it will translate to a full-year increase.

Mark Sanders has been appointed CEO of TDX. Sanders takes over the role from founder, Mark Onyett, who remains on the Board as an Executive Director.

TDX article in July CCR: With uncertainty about debt levels set to continue, the importance of data and insight in defining a collections strategy has never been more important.

TDX has once again been named one of the UK’s Top 50 Best Workplaces in the Great Place to Work Institute's annual rankings.

Understanding the features and drivers of the re-emerging debt sale market.

BT plc (BT) has agreed a three-year contract with TDX. TDX will see all of BT Retail's final debt accounts.

Debt sale market trends in 2010 and outlook for 2011.

Members of the TDX leadership team reflect on 2010 and predict the hot topics for creditors in 2011.

How utilities companies can keep up with the pace of change.

Consumer insolvency what will 2011 bring?

TDX offers access to the components of its debt collection solution to give creditors new options and more control.

Creditors face mounting bankruptcy costs and risk breaching compliance, warns TDX Group.

How creditors can regain control after the recent market turmoil.

How the Government could help the industry recover from the recession.

How the Government could manage the collection of public sector debt more effectively.

Exploring the costs and risks for creditors administering bankrupt accounts.

A five-minute checklist to help you improve your debt recovery results for the next 12 months.