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...

Company Insolvencies continue to decrease

The latest figures provided by the Insolvency Service have indicated a further 22% reduction in Company insolvency rates across England and Wales. The figures show...

Insolvency Service given new powers to tackle Dodgy Directors

The Insolvency Service will be given powers to tackle the problem of Dodgy Directors. They will investigate directors of companies that have been dissolved....

PM’s Unpaid CCJ embarrassment

UK's Prime Minister Boris Johnson has hit the National Headlines due to an Unpaid CCJ. The CCJ was issued for an unpaid £535 Debt...

University calls in Private Debt Collectors for help

Bristol University is reported to be turning to a Private Debt Collection Agency for help. The University of Bristol has called in Private Debt...

Latest Insolvency statistics released for 2021

The latest insolvency statistics have been released for Q1 2021 by the insolvency service. These provides England & Wales corporate and individual insolvency statistics,...

When is it time to hire a Debt Collection Agency?

The UK's SME Businesses are suffering as a result of late payments. Covid-19 has fuelled the problem and many small businesses and medium sized...

Late Payments hampering Small Business recovery

Small Business late payment is severely hampering recovery from the pandemic according to new data. Delayed payment of invoices owed to SME's over the...

Company Directors banned for trading whilst insolvent

Three Directors of a Finance firm have been banned for trading whilst insolvent. Their actions caused their company to take money from its clients...

People in debt could get two month ‘breathing space’

People who are in debt from credit cards, loans and other personal debt sources could be given 'breathing space' under new temporary measures the...

Debt ridden Football Club described as ‘hopelessly insolvent’

A judge has heard how a English Professional Football Club is described as "hopelessly insolvent" at a high court hearing over a ownership dispute. The...

Business Insolvency statistics defying gravity

Business insolvency statistics continue to defy gravity in the UK. Whilst this maybe viewed as positive news, the IVA increase shows that personal finances...