Industry Report says late payments reaching crisis levels
Time is Money: Late payments ‘stifle’ small businesses across UK report shows
The Federation of Small Businesses (FSB) has released a report that uncovers the...
IVA’s hit record levels in the UK
New figures from the Insolvency Service show that there were nearly 88,000 IVA’s were registered in England and Wales in 2022, the highest annual number...
Classic Motorcycle brand facing liquidation due to customer dispute
Classic Motorcycle Company Hesketh Motorcycles are facing liquidation after a winding up order was served on the company by a customer.Customer Paul Anderson, 57,...
Helpful user guide to large file sharing and file transfer
Guide to Large File Sharing and Transfer
In today's digital age, large file sharing and transfer have become an essential part of our lives. Within...
Local Council facing Insolvency with Billions owing in unpaid debts
A local council in Surrey has signalled it is close to effective bankruptcy after amassing debts worth almost £2bn to fund a property investment...
Unpaid Medical Fees sees Irish Hospital turn to Debt Collection Agency...
University Hospital Kerry is owed over half a million euros (€500,000) in unpaid medical fees it has been reported. The fees still due from...
Scottish network highlights Freelancer late payment issues
A Scottish Freelance network has highlighted Freelancer late payment as one of the challenges facing Freelancers in the UK. A key problem cited is...
Football club facing winding up order over unpaid debts
Football Club Southend United is expected to to receive a winding up order due to unpaid debts. Founded in a pub 116 years ago,...
Surge in Private Landlord Rental Evictions
Rental evictions have surged by 98% in a year, official figures show, with a charity saying this showed the “devastating impact” of the cost...
Debt Recovery effort sees £437,000 written off by Council
Renfrewshire Council is preparing to write off more than £400,000 of irrecoverable debt following extensive debt recovery action.Elected members will meet tomorrow to consider...
Utility Debt Collection Agency to be investigated by Ofgem
Following an investigative report from the Times, Utility Debt Collection Agency Arvato Financial Solutions as insisted they act in compliance with regulationThe Times report...
MP’s family firm chased SME’s for unpaid commercial rent during covid
Government Minister Nadhim Zahawi has come under criticism for chasing unpaid commercial rent during the pandemic. His firm Zahawi and Zahawi Ltd owns a...
Construction late payment worsening says Data firm
Construction late payment is getting worse according to the latest data from Creditsafe. More than half of all business invoices sent to construction firms...
Business CCJ’s double whilst firms in significant distress soars
Business CCJ's have doubled in the last quarter says the latest Red Flag Report from Begbies Traynor. Latest data has laid bare the struggles...
Lottery winner jailed due to £12k unpaid debt
A NATIONAL lottery winner who scooped a quarter of a million pounds has been jailed for 12 months after failing to pay a £12,000...
UK Business Insolvency rises by nearly a third
UK Business Insolvency rises by nearly a third
Latest figures from the Insolvency Service have shown that the number of business insolvencies in England &...
Personal debt in the UK rose by a third in 2022
Personal debt in the UK has increased massively over 2022 suggests new research. This is mainly due to the cost of living crisis and...
Luxury Candle maker goes bust with huge unpaid business debts
A luxury candle and diffuser maker who supplied the likes of Harrods has gone bust due unpaid business debts. The luxury candles were sold...
Council forced to write off over 1m of uncollected debts
Over 1 million pounds has been written off as uncollected debts by a council in Wales.Denbigh County Council predicted in December that it would...
Credit card use up to highest levels since 2004
Credit card borrowing rose in November to its highest monthly level since 2004 according to latest Bank of England data.The figures showed individuals borrowed...
