Record number of CCJ’s issued in 2018
Latest figures published by the Registry Trust through its Registrar of Judgments, Orders and Fines in England and Wales, show that the number of...
FCA issues warning against Debt Collection firm
A warning has been issued by the Financial Conduct Authority (FCA) against an unregulated Debt Collection Agency targeting UK consumers.The FCA stated, “Max Montgomerie...
Luxury Car firm Director disqualified for 13 years
After failing to maintain sufficient accounting records for millions of pounds, car dealer Zaid Fares Al-Safee, 29, from west London has been disqualified from...
Council states that Debt Collectors are essential
The Council are now set to hire more debt collectors after the met on Wednesday and agreed that supplement the work done by council...
Bailiffs clear out restaurant whilst diners eat
Whilst at Indian restaurant Green Elachi in Ruskington, Sleaford, three diners were shocked and confused as bailiffs started clearing out the resteraunt as they...
HMRC triples spend on debt collectors
In the last three years, pay to private debt collectors from the HMRC has risen by 500%, whereby signifying the HMRC are stepping up...
Spanish Debt Collection Explained
With many countries recovering and if not flourishing after an economic crisis, Spain, a country which despite the severe conditions imposed by the crisis...
Tackling unpaid debts in the UAE
According to the 2018 Global Ranking on Debt Collection, the UAE is one of the most challenging places in the world for collecting debt,...
Construction sector sees shocking Insolvency rise
According to new figures released by Creditsafe, insolvency within the construction sector in the UK has increased by 73.3% for Q1 in 2018.After the...
Half of Small Businesses trading in the red
According to the latest Small Business Insights published by Xero, half of the small businesses in the UK are currently trading in the red.The...
Why late payments are affecting SME’s
Every business whether it be large or small is effected by late payments and with many businesses being part of a supply chain and...
Insolvency expert predicts increased failure of companies in the south
Mr Robert Bajaj, a consultant solicitor with regional law firm Ellis Jones predict a rise in business failures across the South.Speaking at an insolvency...
Calls For New Late Payment Legislation
A survey by the Institute of Directors (IoD) of SME’s across the UK revealed that of the 787 questioned, nearly half have suffered because...
Steep rise in Scottish Business Insolvency
New official statistics reporting insolvencies in Scotland have been released by Accountant in Bankruptcy (AiB) for the fourth quarter (January to March 2018) of...
New CCJ Debt Collection Proposal Submitted
In a joint industry submission, the Government has proposed reforms that would allow high court enforcement officers and certificated enforcement agents to enforce small...
UK Business Debt rises by £580m
Unpaid UK Business Debt owing to firms across the country's core 11 sectors has increased by £580m more over the past three months compared...
1 in 8 of Scotland’s Businesses suffering from late payment
According to new suggestive research by insolvency and restructuring trade body ‘R3’, around one in eight companies within Scotland from Gretna to Stirling to...
Late Payment rife, even in Formula 1
Late Payment rife even in Formula 1With the government set to crack down on late payments, Creditsafe highlighted the worst offenders in the world...
Authorities issue warning of Business Debt Collection scam
Cyber Police Action Fraud have warned Small Businesses and sole traders to be on guard against a new Debt Collection scam in which financial...
Slower growth for SME’s predicted
New research from Close Brothers revealed that with concerns over slower growth from the UK economy, as well as barriers that threaten to hold...
