Small Business late payment getting worse
Small businesses had to wait an average of 29.9 days to be paid in April according to the latest figures from Xero. This marks...
Council forced to sell buildings to pay debts
A council is being forced to sell buildings to pay debts it has emerged. Slough Borough Council faces having to sell off most of...
Number of Businesses going bust doubles in 2022
Businesses going bust and company insolvencies are at more than double their 2021 levels for the second consecutive month warns a leading Trade body.Alarming...
Council hit with huge writ for Unpaid Care home fees
A Council in Wales has been hit with a high court writ to recover unpaid care home fees it owes.Gwynedd Council is reported to...
Business insolvencies predicted to skyrocket
Trade Credit insurers Allianz Trade have predicted that Business insolvencies will skyrocket. They predict company insolvencies will rise by a huge 37% this year....
Ex TV Channel boss banned from being a Company Director
A Plymouth based businessman has been banned from being a company director for eight years. This follows after his TV network went bust with...
Small Business late payment rising due to cost of living increase
Nearly a quarter (24%) of small businesses and medium sized enterprises (SMEs) have seen a rise in the number of late payments. The late...
Businesses going bust forces a council to write off £560k
More than half of the bad debts written off by a council in the last six months of last year were caused by businesses going bust.East...
Insolvency service to close half of its offices
The Insolvency Service will close half of its offices in England according to plans laid out in an new strategy. The news has not...
Business CCJs in Scotland rise by 52%
Business CCJs in Scotland saw a fifty two per cent (52%) increase in decrees and judgments against them in the first quarter of 2022....
Late payment contributing to Small Business Owners mental health decline
The impact of increased late payment, business impacts of the covid pandemic and lockdowns have impacted on the mental health of Small Business owners...
Surge in Landlords seeking Rent Arrears Debt Collection
There has been a significant increase in the number of landlords seeking rent arrears debt collection action to recover lost rent, according to eviction...
Sharp rise of Businesses in ‘Financial distress’
Leading Insolvency firm Begbies Traynor has reported a 19% rise in Companies in critical financial distress for the first 3 months of 2022.Research conducted...
Golf Course seized by Bailiffs due to Unpaid Commercial rent Arrears
Problems with Unpaid Commercial Rent Arrears have seen Bailiffs seize a scenic golf course. Bailiffs seized the golf course last week in Portishead, Bristol....
Sporting legend jailed for breaking UK insolvency laws
World famous Tennis legend Boris Becker has been jailed for two years and six months following various breaches of his bankruptcy order. Becker was...
Tennis Ace facing Jail over avoidance of Bankruptcy Debts
Grand Slam champion and well known Tennis ace Boris Becker is facing a possible lengthy prison sentence for insolvency breaches today. He is accused...
Companies struggling with B2B Debt Collection
UK Companies are struggling with their B2B Debt Collection according to recent research. Over sixty one per cent of Businesses have failed to recover...
Insolvency Service continues to target Bounce Back loan abusers
The Insolvency Service has continued to target bounce back loan abusers in the UK. They have successfully secured restrictions against a gym operator and...
Debt Collection quotes and what you should look for
Getting Debt Collection quotes is on the rise in the UK as is the use of debt collection agencies. The first Debt Collection quotes...
Bank tells high street rivals to speed up paying suppliers
Well known UK banking organisation, TSB has called on its high street bank rivals Co-Operative Bank and Metro Bank to speed up supplier payments...
