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...
Worst sectors for late payment in 2022 named and shamed
The worst sectors for late payment are named and shamed in new ports. The reports looks at the late payment practices of different business...
Rising Unpaid Rent Arrears sees surge in Landlords seeking rent insurance
Rising Unpaid rent arrears across the UK has seen a sharp upturn in Private Landlords seeking rent protection insurance. Data from different firms suggest...
Council writes off nearly £1.3m in unpaid Business Debt
A Council has decided to write off nearly £1.3m in unpaid business debt it has been reported.Cardiff council took the decision to write off...
Failed Crypto firm sees a million people and businesses owed money
Over a million people and businesses could be owed money in the UK following the collapse of the crypto exchange FTX, according to bankruptcy...
Accountants should ‘help’ prevent SME late payment says expert
The combination of accountants’ expertise and real-time cashflow forecasting can play a major role in safeguarding small businesses against the worsening issue of late...
Marathon runner employs Debt Collectors to collect winnings
Last years Brighton Marathon winner employs debt collectors in an extraordinary step to collect his winnings.
Alix Ramsier won the Brighton marathon last year and...
Most common cause of debt is cited as the ‘cost of...
Debt charity, StepChange has reported that September saw the cost of living being cited as the most cause of debt amongst its service users....
Company Insolvencies up 71% in the UK
The latest Government insolvency statistics for Q3 2002 show a significant increase in the volume of companies in distress. There were 16,105 corporate insolvencies...
