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Number of Overdue invoices in Wales drops by 42%
The number of overdue invoices being paid after their due date in Wales dropped 42% in October 2023 when compared to the same period...
Local Scottish Councils advise of huge bankruptcy threat
Local Scottish Councils are at risk of bankruptcy if funding from the Scottish government is not improved, council leaders have said. Cosla issued the warning...
Sharp increase in number of CCJs issued in Q3, 2023
The latest figures for the number of CCJs issued has been released by the Registry Trust. The report is for months July, August and September....
Late paying contractors to be hit with public work ban
Late paying contractors are to be prevented from procuring government contracts under new proposed legislation. Companies bidding for government contracts worth over £5m must demonstrate...
£16.3m boost for HMRC Debt Collection Unit
The Government is to our £16.3 million into HMRC Debt Collection, raising efforts to recover £4.67 billion in unpaid taxes over the next six...
Best Small Business Accounting software for 2024
As we look ahead to 2024, small business accounting software is expected to grow even more. More and more UK small businesses are becoming...
Number of Businesses closing hits record levels
A record number of businesses closed across the UK last year, official figures have shown. The data from the Office for National Statistics (ONS) also...
Extra Energy supply Director hit with 6 year ban
A former Director of Extra Energy Supply has been banned from running a business for six years. Mordechay Ben-Moshe, 48, was a Director of Birmingham-based Extra...
Directors Personal guarantee usage on the rise says research
Latest research is suggesting that the use of a Directors personal guarantee is on the rise in the UK. There has been a rise in...
Personal Insolvency rising sharply according to new figures
New figures released show a massive increase in Personal insolvency. The latest monthly figures from the Insolvency Service for England & Wales have indicated that...
UK Business insolvency rises by 18%
Uk Business insolvency is officially on the rise. The latest figures from the Insolvency Service have shown that the number of business insolvencies in England...
Cash Flow is Small Business owners biggest concern
Small business owners have revealed that cash flow is the biggest challenge for nearly half of the respondents. Almost half (48%) of small to medium...
Double glazing giant facing liquidation
Yorkshire based Doubled Glazing giant Safestyle is facing liquidation. Only last week, the company, which has its HQ in Bradford, announced administrators had been appointed. Around...
Freelancers being hit by rise in Late Payments
Late payments are a quiet, yet powerful economic disruptor. Whilst they impact businesses of all sizes, studies have shown small and medium enterprises (SMEs)...
Number of Insolvent Restaurant Companies rising by the week
The number of insolvent restaurant companies is increasing week on week it has been reported. In new data, it has been revealed that the number...
Huge £42m Debt written off by City Council
Millions of pounds of unpaid council tax debt has been written off by an authority, it has been revealed. A Liverpool City Council report said...
Government vows to act on SME late payments
The UK government has launched tougher measures to tackle SME late payments to small businesses as part of its upcoming Prompt Payment & Cash...
District council writes off £1.35m of uncollectable debt
A small district council in Lincolnshire has written off £1.35m deemed as 'uncollectable' by officials. South Holland District Council (SHDC) took the steps after debt...
Major contractors admit 20% of Invoices are paid late
A swathe of major contractors are still failing to pay invoices on time, according to their own payment data. Build UK has compiled fresh payment-performance...
E-Bike manufacturer goes into liquidation
Amsterdam-based VanMoof, an e-bike manufacturer, has gone into liquidation in the UK. The Dutch company confirmed through an email to its customers that the...
