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...
Unpaid Council Tax Debt hits £6bn pounds
Latest data published by the Department for Levelling Up, Housing and Communities (DLUHC) show unpaid council tax debt has reached a total of £6...
Construction sector has the highest rate of Insolvencies
The Construction sector was the worst hit industry for insolvencies in the year to April 2024, the Insolvency Service has revealed.Some 4,401 construction companies...
Troubled Fashion retailer avoids Administration
Troubled fashion retailer Superdry has received court approval for its restructuring strategy as it looks to avoid administration.The announcement on Monday comes after the firm’s shareholders on Friday...
Increase in Unpaid Rent Arrears at the end of tenancies
Tenancies ending with unpaid rent arrears of more than five weeks’ rent have leapt to 17%, new research reveals.The findings from deposit alternative platform Reposit show...
ULEZ fines create £218 million pound Debt Pile in London
A staggering £218 million is owed in unpaid ULEZ fines in London, according to official figures.A Freedom of Information (FOI) request revealed that more...
Labour promises to crack down on Small Business Late Payment
Labour says it will scrap business rates and crackdown on Small Business late payment as part of a package of measures to help small...
Bankrupt Sporting legend could be forced to sell Gold Medals
Sporting legend Sir Bradley Wiggins has been declared bankrupt and could be forced to hand over his medals and trophies as his financial difficulties continue...
Scottish Man sent to prison after ‘trying’ to collect Business Debt
A Scottish man who decided to recklessly act as a unlicensed Debt Collector recovering a business debt, has been punished in the courts for...
