630,000 UK Companies facing Insolvency

Around 630,000 businesses were experiencing significant financial distress in the last quarter of 2020, ahead of the current lockdown, according to research by the...

Millions of pounds going unpaid in rent arrears

is is now estimated that over Half a million private renters in the UK are behind on their rent. This information is according to...

Watchdog asks for help with Debt Collection guidance

The Financial conduct authority has asked banks, lenders and debt collectors for advice on how to deal with the fall out from emergency Covid-19...

Top Legal firm warns of Insolvency tsunami

A Top 100 Law firm has warned of a possible tidal wave of insolvencies in Spring 2021 which risks paralysing the UK's courts system. Manchester...

HMRC spent £84m on Debt Collection over three year period

Recent reports have revealed that the HMRC has spent more than £84m on using Private Debt Collectors in the three tax years up to...

One Million Self Employed pushed into debt due to Covid late...

Over a million self employed freelancers have gone into debt since the pandemic began due to late payment. This startling revelation was detailed in...

Sheffield Council accidently sends 1,600 Debt Collection letters

A council mistakenly sent more than 1,600 "alarming" debt collection letters to allotment holders. Sheffield Council said the error happened because it employed a debt...

Why Free Debt Collection can cost too much

We are all familiar with the term No win no fee debt collection or free debt collection but what is the real story here....

B2B Payments taking Covid hit on a global scale

Delayed payments continue to plague suppliers, particularly Small Businesses, and unfortunately, the global pandemic has only worsened this pain point. This week's B2B Data...

1 in 6 invoices being paid late according to survey

1 in 6 Small Business invoices is being paid late according to latest findings in a report conducted by a Business banking company across...

New FCA Chief warns of Small Business Debt Collection scrutiny

The new chief of the Financial Conduct Authority issued a warning to banks and commercial lenders this week. The warning shot was issued over...

Anger at NHS Nurses being “hounded” by Bailiff firm

Frontline NHS nurses helping the fight against Coronavirus are being "hounded" by bailiffs for hospital car parking fees according to reports in the Daily...

Dubai jailed Brit targets Saudi Royal Family over unpaid debts

Prominent members of the Saudi Arabian royal family are being sued by British entrepreneur Gary Arnold. The Debt Recovery Action relates to their alleged...

Tennis Legend accused of ‘hiding’ Trophies from Debt Collectors

Tennis legend Boris Becker has appeared in court  at Southwark Crown Court in London, accused of failing to hand over his trophies to help...

New Late Payment proposals to help SME’s ‘not enough’

Under new proposals being drawn up by the government, large companies could now face fines or court orders if they fail to pay their...

Top Private Schools Association partners leading Debt Collection Agency

A top body for Private Schools has launched a new partnership with leading Debt Collection Agency Frontline Collections. In a statement on their website, the...

Unsustainable Business Debt estimated at £70bn

Businesses in the UK have stacked up around £70 billion worth of unsustainable debt says latest research. According to a new report from The...

Unpaid Invoices affecting 54% of UK Businesses

As the United Kingdom continues to ease its Coronavirus restrictions, 54% of current actively trading Businesses are facing piles of unpaid invoices. The results from...

Childcare Providers facing financial ruin

The UK's Childcare Industry is facing real issues post pandemic. The loss of income from parent-paid fees since March is meaning that many childcare...

Business Late Payments threatening Economy recovery

The latest research shows that the majority of Businesses (SME's) in the UK are being paid late as a result of the pandemic. This...