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...
HMRC seized assets from nearly 2,000 SME’s
More than 1,953 businesses had their assets seized from HMRC in 2016/17 demonstrating that the HMRC are using more aggressive methods to obtain unpaid...
Police issue warning of Debt Collection fraud scam
Police in South Yorkshire have seen a rise in the number of debt fraud scam phone calls. Following a surge in reports, Police have...
Hardest places in the world to collect debts
According to new research from Euler Hermes, Saudi Arabia and the United Arab Emirates ranked the hardest places in the world to collect unpaid...
2018 Top Tips for Business Credit Control
It’s a brand new year and time to create a fitter business for 2018. One of your main goals for your business whether it...
Rise of Business insolvencies expected in 2018
New statistics were released by The Insolvency Service on business insolvencies. These statistics demonstrate:• Company insolvencies increased in the last Quarter of 2017 because...
UK Businesses Late Payment ‘Double Standards’
Studies have found that a number of businesses in the UK with regards to late payments are working under double standards.Companies who are insisting...
Insolvency figures continue to fall for Scottish Businesses
According to the latest figures from Accountant in Bankruptcy (AIB), the number of Scottish businesses that are going in to administration is continuing to...
British Businesses facing liquidation hits a four-year high
With one in every 213 companies falling in to liquidation last year, British businesses bankruptcy has hit a four year high.Official figures which were...
