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...
Government eyes insolvency reforms
After the collapse of construction giant Carillion a consultation is being launched over planned action against “irresponsible” company directors, with the government planning insolvency...
Steep rise in Business CCJ’s
According to figures released today by Registry Trust, adverse County Court Judgements (CCJ's) are on the rise for Businesses in England and Wales for...
Number of restaurants going bust increase by 20%
Research produced by Moore Stephens has shown that the number of restaurants going bust has increased by 20% in the past year.Stephens’s figures show...
Increased Business Insolvencies Expected
As Brexit is fast approaching, increased Business Insolvencies are expected.According to Euler Hermes, insolvencies in the UK with rise by 8% in 2018 with...
Debt Collection Experts reveal Top SME Non payment excuses
With Industry Experts warning that Business insolvencies are expected to rise in 2018, Firms are being urged to adopt a more pro-active strategy to...
Insolvency warning issued for UK’s Clothing retailers
Warnings have been issued within the UK's textile and clothing industry as it has been revealed that 9% of clothing retailers are facing financial...
Late payment is the silent assassin of UK Businesses
According to research from Bacs, more than 50,000 British small firms are closing every year, being owed £14.2bn in unpaid debt.Getting clients to pay...
Bailiffs are brought in to collect debt of £21M
Latest figures for Councils across the Black Country and Staffordshire revealed that over the past two and a half years they called in bailiffs...
Debt management directors banned after causing public distress
Following an in-depth investigation by the Insolvency Service, Stephen Anthony Wooley and Kevin John Dursley, Directors of a debt management business were banned.The investigation...
Brit facing life sentence for unpaid cheques
Essentially life in prison in the UK or Europe is usually related to a serious violent crime, this is not the case in Qatar....
HMRC close in on Footballers and SMEs
HMRC are taking drastic action to cut down on the number of evasion and avoidance of tax payments, specifically closing in on Footballers and...
Police Authority considers use of Professional Debt Collectors
After writing off invoices totalling nearly £800,000 last year, Police Scotland is looking in to the use of Professional Debt Collectors. The national force...
