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...
Debtor jailed for hiding assets from trustees
Debtor jailed for hiding property assets from trustees. Sukhi Sanghera appeared at Warwick Crown Court on Thursday 27 October 2022, where he was sentenced...
Small Business late payments hit 2 year high
With the UK economy likely to fall into a recession, small business late payments were made on average 8.2 days later in September. This...
Rogue construction firm shut down due to Business credit scam
A rogue construction firm has been shut down due to an elaborate and deliberate business credit scam. Nobleread Ltd was wound up by the...
Banks advise of rise in unpaid mortgage debt
The boss of Santander UK says the bank is putting aside more money for potential unpaid mortgage debt defaults linked to the cost of...
UK Suppliers refusing orders due to late payments
The majority of UK firms have experienced suppliers refusing to do business with them because of late payments, according to a survey.
The survey by...
Bailiff attacked with knife whilst trying to collect £10,000 debt
A bailiff who was trying to collect a £10,000 debt at a Hull restaurant was viciously stabbed with a knife in violent scenes that...
Rugby Clubs collapse due to Unpaid Business debts
A second top level Rugby club has collapsed due to unpaid Business Debts. Wasps Rugby club are a famous name in the English Professional...
Late payments costing Small Businesses £684m
New research shows that half of invoices issued by small businesses are paid late.Could stricter penalties and more transparency in regulation and reporting...
UK man being extradited due to unpaid debt in Qatar
A British man is reportedly facing extradition to Qatar over an unpaid debt owing. He is currently being held in middle eastern police cells...
Debt Collection Experts called up as advisers for top TV soap
A leading Debt Collection Agency in the UK has been enlisted by the world's longest running television soap to assist them with script writing...
Company Insolvency rate rises by 72% over past year
Company insolvency rates in the United Kingdom have risen by 72% in the past year. it is reported that 20,000 companies have gone out...
84% of CCJs unsatisfied in England and Wales
In figures released by the Registry Trust earlier this year, data showed that 84% of the County Court Judgements (CCJ) issued were deemed as...
