Londons lettings market being plagued by Rogue Tenants
London estate and lettings agent Benham and Reeves has uncovered a growing wave of fraudulent activity with rogue tenants targeting landlords in the capital. With...
Charity’s plea to restrict Council tax Debt Collection
The Charity, National Debtline says action is needed to improve debt collection practices at a effectively-bankrupt authority.Financially-stricken Birmingham City Council sent almost 60,000 debts to bailiffs...
SME Late Payments increase by 48% says New research
Over 3.6 million (72%) small and medium-sized enterprises (SMEs) have some form of outstanding late payment from customers, leaving them £96,772 out of pocket...
Council’s ineffective Debt Recovery leading to increased Bailiff usage
A debt advice charity has urged Warrington Borough Council to improve debt recovery methods after bailiffs were instructed 6,432 times in a year.New findings...
New Data says outstanding invoices reach shocking levels
New research by Upflow has found that over half of outstanding invoices (57%) are late, with a third of invoices (33%) taking longer than...
Overdue Invoices in Scotland reaching high levels
The number of overdue invoices in Scotland has reached its highest level this year, according to new research from R3, the UK’s insolvency and...
Contractor wins Late Payments legal dispute
An East Grinstead contractor has successfully overturned a legal decision that found it was wrong to terminate its contract with a housing association over...
2.7m Debt Cases passed to Bailiffs by Councils
More than 2.7 million debts were referred to bailiffs by local authorities in England and Wales during the 2022/23 financial year, according to new...
Report estimates 110,000 SMEs at risk of Insolvency
A new SME insights report by Dojo has revealed that an estimated 110,940 SMEs are at risk of going bust due to having no...
Arrest warrant issued for Insolvent celebrity after Court no show
An arrest warrant has been issued for Katie Price, after she failed to attend a court hearing relating to her bankruptcies.
Insolvency and Companies Court...
New Data shows Small Business Late Payments increasing
Late payments to UK small businesses surged over the last three months, with payments delayed by more than a week on average, according to...
EU Late payment reforms to be scrapped
The European Commission is reportedly set to scrap a controversial overhaul of EU late payment rules after a lack of support from several EU...
Agricultural firm collapses into Administration
A highly regarded Newton Abbot Agricultural farm and garden machinery specialist has formally entered administration.At a meeting held with creditors last Tuesday (July 16),...
Sharp rise in June for Business Insolvencies
Latest figures from the Insolvency Service have shown that there were 2,361 business insolvencies in England & Wales in June 2024, 16% higher than...
Council turns to Debt Collection Agencies for help
A Freedom of Information request has revealed £1.997 million of Maldon district council-related debt was sent to external debt collection agencies in the 2023/24...
Council’s huge £12.4m Debt Collection Challenge
Steps have been taken to claw back millions of pounds owed to Swansea Council after auditors warned that action was needed. At the end of January...
Rogue Insolvency firm shut down by Courts
A court has wound up a Manchester firm which offered unlicensed Insolvency Practitioner (IP) services.Save Consultants Ltd claimed to provide insolvency practitioner services when...
Consumers want New Government to act on Late Payments
Xero, the global small business platform, today announced the findings of its ‘Settle Up’ report, which found 62 per cent of UK consumers surveyed...
Increase in UK Businesses filing for Administration
A total of 879 UK businesses filed for administration in the first six months of 2024 – a 42% and 16% increase compared to...
Commercial Landlords struggling says new study
A new study from infinitSpace also found more than one-in-seven commercial landlords believe their buildings are at risk of closing by 2029, amid affordability...
