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...
Unpaid Architect Fees forces firm to close down
Well established Gareth Hoskins Architects has announced a shock decision to cease their UK operations as a result of unpaid architect fees.In a statement,...
Liquidators appointed as Cazoo officially winding up
Cazoo Group Ltd has announced that the company is officially winding up, following the company’s extraordinary general meeting yesterday (July 2).Shareholders approved resolutions for...
Election sheds light on each Parties plans to combat Late Payment
With tomorrow's election looming, promises have been made by Politicians on how they each plan to combat late payment.All the major political parties are...
Football Club handed fine due to Unpaid Invoices
Oxford United have been fined £3,500 and handed a suspended one-year transfer fee ban, as a result of the club accumulating 30 days or more...
‘Fresh Air Invoicing’ Fraud rising warns Insolvency Practitioner
An Insolvency practitioner for an accountancy firm has warned of a growing trend of 'fresh air invoicing'.Stephen Grant of Azets, an accountancy and advisory...
Director ordered to pay back £50m to pay Company Debts
Ex-BHS director Dominic Chappell has been ordered to pay £50m to cover company debts and losses the firm incurred before its collapse.
A High Court...
Small Business Late Payment a growing issue for 1 in 5...
New research from Premium Credit has shown that late payment issues are easing for SMEs but still remain a concern.Its Insurance Index, which monitors...
HMRC ‘sorry’ for Terminally ill Pensioner’s Debt Collectors threat
A pensioner who is terminally ill has been threatened with debt collectors by HMRC, after he didn't receive confirmation that he had paid the...
Law Firm Manager stole £176k from Clients Account
A former Law Firm manager who transferred thousands of pounds from client accounts has said she was trying to stop the business from failing.Jacque...
British Gas Apologises for Debt Collection Agency Error
British Gas has apologised after it told a customer it was sending his details to a debt collection agency for a £2,500 bill which...
Business Insolvencies drop 6% in May
Latest figures from the Insolvency Service have shown that there were 2,006 business insolvencies in England & Wales in May 2024, a decrease of...
