£2.8bn of Bad Debt written off by Small Business & Sub Contractors

Small Businesses and sub contractors wrote off a whopping £2.8bn last year in the construction sector according to Bibby Financial services. In its 'Subcontracting Growth' which surveyed 250 Small Businesses and Sub Contractors, it found...

Dodgy Landlord jailed after failing to pay £28k Private Debt

A rogue Landlord from North Wales has been sentenced to prison after failing to pay back a £28,000 private loan to a family friend. Mark Thorogood of Llandudno, North Wales was found guilty by a...

Retail Sector Insolvencies on the rise

According to new research by insolvency specialist RPC, in the past year the number of retailers entering insolvency has increased by 7% from 999 in 2015/16 to 1,071 in 2017/18. Due to a high-cost base...

Record number of CCJ’s issued in 2018

Latest figures published by the Registry Trust through its Registrar of Judgments, Orders and Fines in England and Wales, show that the number of county court judgments (CCJs) registered against consumers reached new heights...

FCA issues warning against Debt Collection firm

A warning has been issued by the Financial Conduct Authority (FCA) against an unregulated Debt Collection Agency targeting UK consumers. The FCA stated, “Max Montgomerie Debt Recovery & Investigations is not authorised by the FCA...

Luxury Car firm Director disqualified for 13 years

After failing to maintain sufficient accounting records for millions of pounds, car dealer Zaid Fares Al-Safee, 29, from west London has been disqualified from running companies for 13 years. Mr Al-Safee, a registered director of...

Council states that Debt Collectors are essential

The Council are now set to hire more debt collectors after the met on Wednesday and agreed that supplement the work done by council workers and current debt management partner Walker Love was ‘essential’. Walker...

Bailiffs clear out restaurant whilst diners eat

Whilst at Indian restaurant Green Elachi in Ruskington, Sleaford, three diners were shocked and confused as bailiffs started clearing out the resteraunt as they ate. On Wednesday, May 2, during their meal, the stunned diners...

HMRC triples spend on debt collectors

In the last three years, pay to private debt collectors from the HMRC has risen by 500%, whereby signifying the HMRC are stepping up the pressure on people who cannot pay their tax bills. According...

Spanish Debt Collection Explained

With many countries recovering and if not flourishing after an economic crisis, Spain, a country which despite the severe conditions imposed by the crisis is now once more one of the thriving economies in...