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6 in 10 Small Businesses restricted by late payments
A new report from GoCardless, in partnership with the Federation of Small Businesses (FSB), has revealed an escalating late payments crisis threatening UK small...
Scam Debt Collectors firm shut down by Authorities
Bristol based debt recovery business which didn’t hand over money is shut down An Insolvency Service investigation found that Encore Capital Group Inc Ltd trading...
Businesses suffering from significant Late Payment delays
Latest data from Money.co.uk has found that on businesses are facing 47-day payment delays. The FSB has described late payments as one of the ‘biggest...
Trade Body calls on Government to improve its Debt Collection methods
In a new report, the Credit Services Association (CSA), the UK trade body for the debt collection and debt purchase sector, has called on...
Late Payments identified as top cause of Cash Flow issues for...
Late payments are the primary culprit for causing cash flow problems for businesses according to two fifths (41%) of UK small and medium-sized enterprises...
Company Insolvencies drop by 5% for the year 2024
Annual figures from the Insolvency Service have shown that there were 23,872 registered company insolvencies in England and Wales in 2024 a fall of...
Gin Company seen on Dragons Den, collapses with Business debts
Didsbury Gin was founded by best friends and gin lovers Liam Manton and Mark Smallwood in 2017, who according to the brand’s website, wanted...
Self Employed Tradespeople owed £3.5Bn in Late Payments
BILLIONS of pounds in late payments are owed to self employed tradespeople across the UK, according to new research from Ford Pro. The vehicle manufacturer’s...
Famous Training College forced into Liquidation
An internationally recognised boatbuilding training college is set to close its doors in Suffolk for the final time as it heads into liquidation. The award-winning International Boatbuilding Training...
Commercial Late Payment to be tackled by Government’s Fair Payment Code
The Government has announced the launch of a new Fair Payment Code aimed at tackling late payments, with research showing that SMEs are on average...
Number of Insolvent Businesses decreases by 10%
Latest figures from the Insolvency Service have shown that the number of business insolvencies in England and Wales was 1,747 in October 2024, 10% lower...
Council To Review £20m Debt Recovery Headache
Dudley Council is chasing an eye-watering £20m in unpaid debts owed for more than three months despite battling a financial black hole.
The authority is...
Large rise in Logistics Company Insolvencies
Research by Forvis Mazars has found that insolvencies of logistics companies’ have risen 14% in the past year, from 464 in 2022/23 to 530...
Welsh Businesses seeing rise in Overdue Invoices
The number of Welsh companies with overdue invoices on their books reached a 2024 high in September, according to new research from R3, the...
6% of Debt Collection visits breaching National Standards
New research has shown that debt collectors are breaching national standards in 6% of visits to individuals facing enforcement. The study into doorstep interactions in...
Small Business Bad debt increases by 127%
The value of bad debt suffered by small businesses has surged by a staggering 127 per cent in the last six months, according to...
Self Employed Tradespeople chasing debts of £6k on average
New research by Direct Line has found that the average self-employed tradesperson is chasing £6,000 in late payments. The data has shown that 81 per...
Government slammed over plans that will fuel Private Rent Arrears
Government Ministers are being urged to do more to prevent tenants building up private rent arrears, not allow them to get bigger as currently...
Map shows where Bailiffs in London are most used to collect...
The London Borough of Croydon sends out the highest number of bailiffs in all of England and Wales to collect debts, according to a...
Law firm ‘disappears’ owing £37.5m to Creditors
The administrators of a collapsed Liverpool law firm have admitted they do not know if creditors will receive a return, amid ongoing uncertainty over...
