Insolvency Service given new powers to tackle Dodgy Directors
The Insolvency Service will be given powers to tackle the problem of Dodgy Directors. They will investigate directors of companies that have been dissolved....
PM’s Unpaid CCJ embarrassment
UK's Prime Minister Boris Johnson has hit the National Headlines due to an Unpaid CCJ. The CCJ was issued for an unpaid £535 Debt...
University calls in Private Debt Collectors for help
Bristol University is reported to be turning to a Private Debt Collection Agency for help. The University of Bristol has called in Private Debt...
Latest Insolvency statistics released for 2021
The latest insolvency statistics have been released for Q1 2021 by the insolvency service. These provides England & Wales corporate and individual insolvency statistics,...
When is it time to hire a Debt Collection Agency?
The UK's SME Businesses are suffering as a result of late payments. Covid-19 has fuelled the problem and many small businesses and medium sized...
Late Payments hampering Small Business recovery
Small Business late payment is severely hampering recovery from the pandemic according to new data. Delayed payment of invoices owed to SME's over the...
Company Directors banned for trading whilst insolvent
Three Directors of a Finance firm have been banned for trading whilst insolvent. Their actions caused their company to take money from its clients...
People in debt could get two month ‘breathing space’
People who are in debt from credit cards, loans and other personal debt sources could be given 'breathing space' under new temporary measures the...
Debt ridden Football Club described as ‘hopelessly insolvent’
A judge has heard how a English Professional Football Club is described as "hopelessly insolvent" at a high court hearing over a ownership dispute.The...
Business Insolvency statistics defying gravity
Business insolvency statistics continue to defy gravity in the UK. Whilst this maybe viewed as positive news, the IVA increase shows that personal finances...
Council creates new Debt Collection service
A new debt collection service has been launched by Barking & Dagenham Council. The Debt Collection service has been launched to reduce the need...
48% of Businesses see increase in late payments
New data captured has shown that 48% of Businesses have seen an increase in late payment. Clear evidence that the pandemic is fuelling a...
60% of Private Landlords owed rent arrears
Data from the National Residential Landlords Association has revealed that a massive 60% of Private Landlords are owed money due to rent arrears.Roughly 840,000...
Dodgy Company Directors disqualified by Insolvency service
Two rogue property directors who abused millions of investor funds and a scaffolder who disposed of assets prior to bankruptcy have been banned by...
HMRC facing £65bn Debt Collection challenge
The HMRC is now facing its biggest debt collection challenge in history. Debt owed to the HMRC from UK Businesses and tax payers has...
New clampdown on rogue car parking firms
Private Parking firms are facing a government clampdown on rogue practices. Parking companies will be banned from issuing fines for minor misdemeanours such as...
Small Businesses in ‘distress’ number triples
New data released by Accountancy firm Mazars has shown a worrying rise in the amount of UK Small Businesses in financial distress. Over 135,000...
New Small Business Commissioner urged to tackle late payments
Uk Sole traders group IPSE has called upon the new Small Business Commissioner Liz Barclay to take a tougher approach to late payments. IPSE...
Public rallies to save Debt ridden Railway
News that the popular Welsh Llangollen railway has had to call in the receivers has been met with a wave of public support since...
Debt Collection notices helped reveal Employee’s £1.7m scam
When Company Bosses at a Scunthorpe based Business started receiving Commercial Debt Collection Agency letters alarm bells rang. Shortly after they found that one...
