“Sometimes the simplest things are the most profound. My job is to bring out in people & what they wouldn’t dare do themselves“
AI Debt Collection much less effective than Humans says new study
Businesses turning to AI debt collection may be sacrificing significant results and customer trust, according to new research from one of the Worlds top...
Lambeth Council facing £62.8 Debt Collection crisis due to Overdue Invoices
Lambeth Council is currently owed £62.8 million in overdue invoices and debts – an increase of more than 12% on last year’s figures. This has...
Insolvency Service appoints Crypto Debt Recovery Expert
The UK Insolvency Service has appointed its first crypto intelligence specialist to help with enforcement recover crypto from bankruptcy, civil and criminal cases.
Andrew Small,...
Director banned for £200k bank payment days after Company collapsed
A Scottish businesswoman has been banned as a company director after paying her daughter £200,000 days after their firm collapsed. Mother and daughter Hazel Lamont...
Business Overdue Invoices hit 26 month high in Wales
The number of overdue invoices on the books of Welsh businesses hit a 26-month high in April 2025, according to new research from R3,...
Medical Sector Suppliers collapses after 41 years trading
A well known Medical Gas Suppliers company has ceased trading after plunging into administration after 41 years. Blair Milne and James Fennessey, partners with Azets,...
Number of Limited Company Director disqualifications rises
Latest figures from the Insolvency Service show the agency banned more than 1,000 directors in 2024-25, of which 736 were for Covid loan abuse. The...
CCJ Enforcement is extremely ‘slow and ineffective’ says Judge
Claimants are struggling to recover Unpaid CCJs in England and Wales due to justice system failures. A body chaired by a Senior Judge has...
Green Energy firm enters administration
Green energy firm Ripple Energy which provided renewable power to over 20,000 customers in the UK has filed notice to appoint administrators. Ripple allowed customers...
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...
