Number of Insolvent Businesses rises in September

The number of businesses in England and Wales that went bust last month was the largest since the pandemic began. The latest Insolvency Service...

Small Business Debt Collection action ‘imperative’

New figures released show that Small Business Debt Collection is needed more than ever. It has long been known that Late Payments threaten the well...

The real cost of Small Business late payment

The financial impacts from COVID is forcing many SME's into bankruptcy. One of the major instigators of this is the late payments issue, which...

A third of SME’s worried about repaying Covid Support loans

Over a third (35 per cent) of small- and medium-sized enterprises (SMEs) are concerned about their ability to start repaying Covid support loans, research...

Unpaid CCJ offers early ‘Insolvency Warning sign’ says new data

New data from the Registry Trust has indicated that 47% of businesses that became insolvent in May and June 2021 had an outstanding county...

Waves of Small Business Insolvency expected over next few years

As many as 15% of the UK’s SMEs are rated ‘fragile’ and risk insolvency during the next four years as Covid-19 state support schemes...

Debt Collection firms targeted via the ‘Buy now, Pay later’ industry

Debt Collection firms that collect monies on behalf of the BNPL (buy now pay later) sector are being targeted. Regulators have been called upon...

Dealing with Debt Collection in France

A Five Step Process to Recovering your Debts in France French debt collection agencies are particularly prevalent due to the country’s strong economic dependence on...

Industry Experts reject ‘Insolvency tsunami’ claims

Forecasts predicting an impending “tsunami” of corporate insolvencies are alarmist, though the need for ongoing alertness remains, according to UK insolvency specialists. Government support measures have allowed...

UK sees worrying surge in Business insolvencies

Latest quarterly figures from the Insolvency Service have indicated that business insolvency numbers across England & Wales were 31% higher than in Q1 2021...

Small Business Unpaid Invoices creating a struggle for many

Small business owners have been coping with unpaid invoices and inadequate accounting during the pandemic and needed to cover expenses by selling family heirlooms...

Banks hire 100’s of Debt Collection Agents ahead of Covid Loan...

The UK's leading High Street banks are strengthening their Debt Collection teams ahead of the emergency covid loan defaults. The UK's four largest banks are...

SME’s owed 21k on average due to late payments

New data from Intuit QuickBooks has highlighted the burden of late payments on already financially stretched small and medium-sized businesses (SMBs) with the average...

Pandemic is forcing Companies into Late Payment clampdown

The changing face of late payment has lead to nearly half of companies saying that they were lucky to have survived 2020. This is...

No Insolvency Action till end of September

The Government has announced the extension of temporary insolvency measures which includes the restrictions on issuing of winding up petitions and statutory demands. The change...

Shock as Government extends Commercial Eviction ban

The Government has announced that a ban on landlords evicting firms for unpaid commercial rent is being extended for another nine months. The ban, which...

Director banned for taking money from Company with Unpaid CCJ’s

The sole Director of a broker Company based in Hampshire has been banned as a Company Director. Kathleen Shepherd from Southampton was the only Director...

Courts close rogue Debt Collection Agency

The High Court has shut down a rogue Debt Collection Agency it has emerged. The Debt Collection Agency spuriously claimed to be able to...

Builder wrecks customers house over Unpaid Invoice

A Builder took extreme action when a customer refused to settle an unpaid invoice. Frustration over an ongoing dispute over an unsettled bill caused...

Scam Debt Collection Agency Owner receives lengthy Jail sentence

A Scam Debt Collection Agency Boss has been sent to prison for 4 years and 10 months. The Dodgy Debt Collector took cash payments...