City Council writes off £7.26m after Debt Collection efforts fail
Edinburgh City Council has been forced to write off a whopping £7.26m after Debt Collection efforts have failed to recoup monies owed to them.The...
Insolvency service payouts hit new levels
The Insolvency Service paid out £453.4 million in missing wages and benefits to workers at firms that went bust last year. This is according...
Average Unpaid Small Business Debts rise by £173k
New research from Sage, has highlighted the impact of the Covid-19 pandemic with the average SME business now burdened with £173,000 additional debt per...
Covid Loan Debt Collection talks hit brick wall
Plans to create a Nationwide Debt Collection service to recoup unpaid covid Business support loans have hit a brick wall according to latest reports.£45...
Drop in UK Business Insolvencies masking a grim reality
According to latest figures, Corporate and Business Insolvencies fell by 27.1% for 2020 in England and Wales. Unfortunately the statistics do not tell the...
Covid-19 continues to increase Business late payment
The coronavirus pandemic has exacerbated Business late payments for UK businesses, new figures from the Institute of Directors reveal.Over a third of company directors...
630,000 UK Companies facing Insolvency
Around 630,000 businesses were experiencing significant financial distress in the last quarter of 2020, ahead of the current lockdown, according to research by the...
Millions of pounds going unpaid in rent arrears
is is now estimated that over Half a million private renters in the UK are behind on their rent. This information is according to...
Watchdog asks for help with Debt Collection guidance
The Financial conduct authority has asked banks, lenders and debt collectors for advice on how to deal with the fall out from emergency Covid-19...
Top Legal firm warns of Insolvency tsunami
A Top 100 Law firm has warned of a possible tidal wave of insolvencies in Spring 2021 which risks paralysing the UK's courts system.Manchester...
HMRC spent £84m on Debt Collection over three year period
Recent reports have revealed that the HMRC has spent more than £84m on using Private Debt Collectors in the three tax years up to...
One Million Self Employed pushed into debt due to Covid late...
Over a million self employed freelancers have gone into debt since the pandemic began due to late payment. This startling revelation was detailed in...
Sheffield Council accidently sends 1,600 Debt Collection letters
A council mistakenly sent more than 1,600 "alarming" debt collection letters to allotment holders.Sheffield Council said the error happened because it employed a debt...
Why No Win No Fee Debt Collection could cost too much
We are all familiar with the term No win no fee debt collection or free debt collection but what is the real story here....
B2B Payments taking Covid hit on a global scale
Delayed payments continue to plague suppliers, particularly Small Businesses, and unfortunately, the global pandemic has only worsened this pain point. This week's B2B Data...
1 in 6 invoices being paid late according to survey
1 in 6 Small Business invoices is being paid late according to latest findings in a report conducted by a Business banking company across...
New FCA Chief warns of Small Business Debt Collection scrutiny
The new chief of the Financial Conduct Authority issued a warning to banks and commercial lenders this week. The warning shot was issued over...
Anger at NHS Nurses being “hounded” by Bailiff firm
Frontline NHS nurses helping the fight against Coronavirus are being "hounded" by bailiffs for hospital car parking fees according to reports in the Daily...
Dubai jailed Brit targets Saudi Royal Family over unpaid debts
Prominent members of the Saudi Arabian royal family are being sued by British entrepreneur Gary Arnold. The Debt Recovery Action relates to their alleged...
Tennis Legend accused of ‘hiding’ Trophies from Debt Collectors
Tennis legend Boris Becker has appeared in court at Southwark Crown Court in London, accused of failing to hand over his trophies to help...
