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...
Insolvency Expert frustrated at lack of Director Disqualifications
A leading UK insolvency expert has expressed her frustrations at the low number of directors facing disqualification, suggesting there is a lack of resources...
Survey claims SME’s owed £63k on average
New research conducted by Commercial Data specialists Dun & Bradstreet has highlighted that the UK's late payment culture is continuing to have an are...
£2.5bn of debt could be written off as ‘unrecovered’
The Child Support Agency (CSA) folded in 2012 leaving debts of £3.7bn, with £2.5bn of that owed to approximately a million families across the...
Authority’s crackdown on ‘super hero’ Portuguese debt collectors
Portuguese Debt Collectors dressed as Superman, Zorro or the Pink Panther become a feature of life in Portugal over the recent years to individuals...
Most UK Businesses not paying bills within 30 days
According to new reports, most UK businesses are taking more than 30 days to pay their suppliers, with the average term reaching as high...
Small Businesses struggling to deal with late payment increase
UK SME businesses survey found that over 80,000 Businesses are dealing with late payments.This is affecting all industry sectors, including nurseries, architects, removal companies...
British Man in Dubai Debt Collection hell
A British expat claims he has been left homeless and trapped in a Dubai Debt Collection hell following threats from local Debt Collectors.Jonathan Castle...
Big increase in Business CCJ’s
There has been a sharp rise in the number of county court judgments (CCJs) registered against companies in England and Wales for the third...
Labour Council vows to stop using Bailiffs
A Labour run Council in London has become the first local authority in the United Kingdom to stop using Bailiffs labelling it as a...
Late payment continues to ‘kill’ UK Businesses
Recent research shows that many UK Businesses are being forced to make staff redundant and often, do not have sufficient funds to pay salaries.The...
Tabloid investigation targets Dodgy Debt Collection firms
UK's Scam Debt Collection Agencies are still a problem that continue to blight the industry but putting a spotlight on their unethical activities is...
Late payment costing SMEs more than £2bn a year in the...
Small Businesses across the UK are feeling the pinch from late paying customers following the release of a report from Bacs.
The continuing practice of...
