7 Small Business Debt Collection telephone tips
With unpaid invoices stalling post-covid financial recovery for many small businesses, we have complied a list of 6 top small business debt collection tips....
Football Club racks up record debts of over £60m
Historic English Football club is reported to have racked up huge debts according to reports. Derby County's debts are said to be more than...
FCA to take action against Businesses abusing Insolvency Laws
Businesses using company or insolvency laws to mitigate their liabilities have been warned they could face 'assertive action'. Anything unethical which unfairly benefits Businesses...
Almost three quarters of Scottish Businesses owed money
NEARLY three quarters (72 per cent) of small or medium enterprises (SMEs) across Scotland are currently waiting on late payments from customers, according to...
UK Business Insolvencies forecast to increase by 33%
Brexit combined with the coronavirus pandemic has created a double-edged sword for businesses in the UK. It is claimed that its full-scale impact is...
Late payment: Small Businesses must act now says Debt Collection Expert
UK's Small Businesses are under serious threat and must act now according to one industry expert. It has been reported that 440,000 Small Businesses...
Debt Collection firms welcome ban on Debt packager referral fees
Debt Collection firms have welcomed the news that the Financial Conduct Authority has completed a consultation on outlawing referral fees for debt packager firms....
7 Top Tips for Small Business Credit Control in 2022
One of the most tiresome aspects of running a Small Business in the UK is chasing unpaid invoices. Over 50% of small business owners...
International Debt hits record $226 Trillion
International debt rose to a record $226 trillion in 2020 as the world economy was blasted by the unrelenting Covid-19 pandemic. The pandemic caused...
Insolvency Industry regulation changes to be made
The Government has set out new proposals to reform and simplify regulation of the insolvency sector.The new consultation is inviting views on creating a...
Business Insolvencies hit highest level since Pandemic began
The Latest figures released from the Insolvency Service make stark reading. The figures show that the number of businesses in England and Wales that...
Energy giant probe into ‘aggressive’ debt collection tactics
An inside whistleblower who contracts to energy giant Scottish Power has claimed Call Agents are being told to threaten customers with Debt Collection enforcement.The...
Crackdown on rogue Directors who dissolve Companies to avoid Business Debts
The Insolvency service has been given new powers to challenge the conduct of dodgy directors who dissolves a Business to avoid paying their liabilities.These...
Insolvency Experts predict wave of insolvencies after profits rise
Leading UK Insolvency Experts Begbies Traynor have reported of a increase use of their services. Revenue and profits have risen for the Company for...
Businesses being chased for Late filing penalties by Debt Collection firms
Businesses filing their financial statements late due to the impact of the pandemic face the prospect of being contacted by debt collection agencies before...
USA Debt Collectors can now use Social Media to help recover...
Debt Collectors in the USA have been given the green light to use Social Media to help collect debts. American Debt Collectors will now...
UK Business Credit Scores recovering well post pandemic
The latest research from Business analysts Experian has shown that on average, UK Business are recovering well post pandemic.The average Business credit score level...
HMRC asks for help ‘modernising’ business debt collection
The HMRC has surprising made a public statement asking for advice on modernising its Business Debt Collection methods.The statement issued a couple of days...
Football Club suspended from all activities due to Unpaid Debts
Historic Welsh Football Club Bangor City have been suspended from all football related activities due on ongoing issues with unpaid wages.The Football Association of...
1 in 3 Businesses see late payment as biggest threat to...
Late payments are threatening the survival of British businesses. In-depth analysis by invoice finance provider, Time Finance has revealed some startling truths. Uncovering the...
