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...
European Business late payment clampdown in 2023
European regulators are looking to clamp down on late European business late payment payments in 2023.In the U.K, the government announced the launch of...
Limited Company struggling with Debts? What are the options
What are the options if a limited company is struggling with debts?While it can be be tempting to ignore a mounting unpaid debt problem...
MP made bankrupt due to £1.7m of Personal debt
Conservative MP Adam Afriyie has been made bankrupt after a judge heard he owed around £1m to HMRC and £700,000 to Barclays bank.A bankruptcy...
Bailiffs forced to wear body cameras under new laws
Bailiffs will be forced to wear body cameras to protect vulnerable people struggling with debt, the Government has announced.The move is aimed at safeguarding households...
UK Restaurants going bust at a faster rate than during Covid
UK restaurants are going bust at a faster rate than during the Covid crisis owing to a “toxic mix” of surging energy costs, staff...
More UK Energy firms are predicted to go bust in 2023
More UK energy firms are predicted to go bust in 2023 according to one expert. The boss of Centrica, parent company of British gas...
Government to review UK Small Business Late payments
The government is to review worsening UK Small Business late payments it has been announced.Business secretary Grant Shapps said the review was to stop...
New regulatory body for Bailiffs launched
A new regulatory body for bailiffs was launched on Wednesday as new figures reveal that over a third of families fear the cost-of-living crisis...
50% rise in car parking fines issued
Drivers across the UK have suffered from a 50% increase in the number of parking fines and tickets issued by private companies.According to new...
Late payment worsens for Businesses in the North West
The challenge of late payment continues to worsen for businesses in the North West, according to new research from the insolvency and restructuring trade...
Insolvent Companies more likely to be run by men says report
New research from KSA Group shows that insolvent companies were over 40% more likely to be to run by men between October 2021-22 than by...
High Street giant apologises for Business late payments
High Street giant Holland & Barrett has vowed to improve supplier relations amid growing protests from suppliers over its Business late payments. Many of...
