48% of Businesses see increase in late payments

New data captured has shown that 48% of Businesses have seen an increase in late payment. Clear evidence that the pandemic is fuelling a...

60% of Private Landlords owed rent arrears

Data from the National Residential Landlords Association has revealed that a massive 60% of Private Landlords are owed money due to rent arrears. Roughly 840,000...

Dodgy Company Directors disqualified by Insolvency service

Two rogue property directors who abused millions of investor funds and a scaffolder who disposed of assets prior to bankruptcy have been banned by...

HMRC facing £65bn Debt Collection challenge

The HMRC is now facing its biggest debt collection challenge in history. Debt owed to the HMRC from UK Businesses and tax payers has...

New clampdown on rogue car parking firms

Private Parking firms are facing a government clampdown on rogue practices. Parking companies will be banned from issuing fines for minor misdemeanours such as...

Small Businesses in ‘distress’ number triples

New data released by Accountancy firm Mazars has shown a worrying rise in the amount of UK Small Businesses in financial distress. Over 135,000...

New Small Business Commissioner urged to tackle late payments

Uk Sole traders group IPSE has called upon the new Small Business Commissioner Liz Barclay to take a tougher approach to late payments. IPSE...

Public rallies to save Debt ridden Railway

News that the popular Welsh Llangollen railway has had to call in the receivers has been met with a wave of public support since...

Debt Collection notices helped reveal Employee’s £1.7m scam

When Company Bosses at a Scunthorpe based Business started receiving Commercial Debt Collection Agency letters alarm bells rang. Shortly after they found that one...

City Council writes off £7.26m after Debt Collection efforts fail

Edinburgh City Council has been forced to write off a whopping £7.26m after Debt Collection efforts have failed to recoup monies owed to them. The...

Insolvency service payouts hit new levels

The Insolvency Service paid out £453.4 million in missing wages and benefits to workers at firms that went bust last year. This is according...

Average Unpaid Small Business Debts rise by £173k

New research from Sage, has highlighted the impact of the Covid-19 pandemic with the average SME business now burdened with £173,000 additional debt per...

Covid Loan Debt Collection talks hit brick wall

Plans to create a Nationwide Debt Collection service to recoup unpaid covid Business support loans have hit a brick wall according to latest reports. £45...

Drop in UK Business Insolvencies masking a grim reality

According to latest figures, Corporate and Business Insolvencies fell by 27.1% for 2020 in England and Wales. Unfortunately the statistics do not tell the...

Covid-19 continues to increase Business late payment

The coronavirus pandemic has exacerbated Business late payments for UK businesses, new figures from the Institute of Directors reveal. Over a third of company directors...

630,000 UK Companies facing Insolvency

Around 630,000 businesses were experiencing significant financial distress in the last quarter of 2020, ahead of the current lockdown, according to research by the...

Millions of pounds going unpaid in rent arrears

is is now estimated that over Half a million private renters in the UK are behind on their rent. This information is according to...

Watchdog asks for help with Debt Collection guidance

The Financial conduct authority has asked banks, lenders and debt collectors for advice on how to deal with the fall out from emergency Covid-19...

Top Legal firm warns of Insolvency tsunami

A Top 100 Law firm has warned of a possible tidal wave of insolvencies in Spring 2021 which risks paralysing the UK's courts system. Manchester...

HMRC spent £84m on Debt Collection over three year period

Recent reports have revealed that the HMRC has spent more than £84m on using Private Debt Collectors in the three tax years up to...