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...

Bailiffs allowed to return to Debt Collection duties

Local Authorities have been given the green light to send Bailiffs to collect outstanding debts. This follows a five month suspension due to the...

Company ‘strike offs’ to resume in October

As part of the return to 'normality', Companies House has announced that it will re-introduce the compulsory company strike-off process from 10th October 2020. This...

Number of Business CCJ’s drops by 30%

The number of County Court Judgments registered against businesses England and Wales has fallen by nearly 30 percent compared with last year. The first...

Large Companies still delaying payments to Suppliers

New research shows that there has been no real improvement in the speed at which Large companies are paying their suppliers.  The research conducted...

Residential Debt Collection Visits set to resume

Debt Collection enforcement visits to residential properties in the UK have been given the green light to resume from the 24th August. The news has...

9 out of 10 UK Businesses owed nearly £150k on average

UK businesses are returning to work this month with some trepidation, according to fintech business lender MarketFinance. The company’s latest research indicates that nine...

MP’s lobby Government for new Debt Collection Laws

A mixed party collaboration of MP's has written to the Chancellor requesting new legislative measures to reform the government's debt collection practices. The 50 strong...

7 out of 10 Businesses negatively affected by Coronavirus

Businesses are facing significant difficulties in the face of the coronavirus pandemic and are pessimistic about their growth once the crisis passes, according to...

Small Businesses face up to backlog of Unpaid Invoices

A Commercial 'Credit Crunch' is predicted as the UK's Small Business community are facing up to increasing Unpaid Invoices. Research by Business Funding Experts...

£4m Dubai Debt upheld by English Court

An English Court has ordered an ex-Football Club boss to repay a Debt order issued by a Dubai Court. The Court ruling made in Dubai...

Emergency Insolvency reforms introduced

The Government has introduced the Corporate Governance and Insolvency Bill in Parliament, which will put in place a series of measures to amend insolvency...

Seven Staff confirmed with Covid-19 at Debt Collection firm

Seven staff at a Debt Collection Call Centre in Lancashire have tested positive for Covid-19 after employees were ordered to return to work. Preston based...

Details released of Emergency Covid-19 Insolvency and Debt Recovery reforms

The Business Secretary Alok Sharma will be given new powers to help company directors during the current pandemic. This will enable him to extend...

23% Increase in Unpaid Business Invoices

The number of unpaid UK business invoices has increased by 23% according to new tracker by AI platform provider, Sidetrade. Sidetrade’s tracker is based on...

Insolvency Experts warn of mass Business Collapses

Over 500,000 British Businesses are at risk of collapse due to the Coronavirus claim Insolvency Experts. In the first three months of this year, over...

Debt Collection Trade Body warns against ‘writing off billions’

The Credit Services Association has issued a stern response to claims from Debt Charities in the UK. Charities have made audacious requests that all...