Southern Water turning to Private Debt Collectors
Southern Water is threatening to use debt collection agencies against customers involved in a payment boycott in protest against continuing raw sewage discharges.
The water company, which...
Cost of Bankruptcy and Liquidation petitions to increase
The Insolvency Service has announced that the up-front petition deposit fee paid by those initiating creditor bankruptcy and compulsory liquidation proceedings is rising from...
Small Businesses in Europe relying on loans due to late payments
SMEs and Small Businesses in Europe are suffering from significant late payment issues. But this is down to lack of understanding of the processes...
Late payments adding to Small Business cash flow worries
Small businesses were owed almost £23,000 in late payments for a month, according to new data, adding to the sky-rocketing energy bills that are...
Rise in fraud causing Courts backlog
During the first half of 2022, the value of alleged fraud cases exceeding £100k heard in UK Crown Courts soared by almost 300% compared...
TV production sector sees sharp rise in Business Insolvency
Companies involved in the TV production sector has seen a sharp rise. UK film and TV production company insolvencies have jumped 69% in the...
CVA’s drop 47% after HMRC changes Debt Collection rules
The latest Data analysed by Mazars shows the number of struggling businesses applying for Company Voluntary Arrangements (CVAs) has fallen by 47%. It is...
Madame Tussauds owners served with winding up petition
The owner of Madame Tussauds and London Dungeons has been slapped with a winding up petition by Experian.Merlin Entertainments, which owns theme parks such...
Late payment warning issued by Small Business Commissioner
In a recent podcast, The Small Business Commissioner, Liz Barclay, issued a warning that without confidence in cash flow, the UK’s small and micro businesses...
37% increase of Businesses in critical distress
The number of businesses in critical distress has increased by 37% in the past year. This is according to financial data from insolvency specialists...
Private Bailiff tenant evictions up by 39%
Tenant evictions by bailiffs in the private rental sector (PRS) have increased by 39% say latest government figures released.The figures show that 3,405 households...
Businesses must act to collect unpaid invoices as UK recession looms
Businesses are being urged to take action to collect unpaid invoices as a new UK recession in on the horizon. The latest setback fro...
Survey shows 1 in 2 Small Businesses struggling with late payments
The latest survey and research undertaken the the Federation of Small Businesses shows late payment is worse than ever. A survey of 1,300 Small...
Ambulance trust writes off £339k after Debt Recovery failure
An Ambulance trust has had to write of £339k after they were deemed unrecoverable. In a meeting of the West Midlands Ambulance trust board...
Uk’s top 10 worst Business late payers named and shamed
New IPSE research finds that late payments have worsened despite recent government reforms, alluding that not enough is being done to crack down on...
New powers used by Insolvency service to ban covid-loan abusers
The UK's Insolvency Service has utilised its new powers for the first time against directors that dissolve businesses to avoid the payment of its...
TV stars company collapses due to unpaid debts
Former Emmerdale TV soap Star Danny Miller has had his company put into liquidation due to a series of unpaid debts. The performing arts...
49% of Small Business Owners being forced to raise prices
Almost half of all Small Business owners on the UK are said to be increasing prices to combat rising costs and increasing late payments.The...
Business Late Payment spiralling in Northern Ireland
Business late payment in Northern Ireland is spiralling out of control. For the third month in a row the number of overdue invoices has...
Shocking rise in Business Insolvencies
A shocking rise in Business insolvencies has seen a 70% increase. The alarming rise has seen business insolvencies jump from 11,261 to 19,191 in...
