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...
Iconic UK Bicycle manufacturer enters liquidation
An iconic bicycle manufacturer is to enter voluntary liquidation after almost 80 years crafting and designing bicycle frames.
Mercian Cycles, based in Derby, launched in...
Debt Relief Orders hit record numbers
A record number of Debt Relief Orders (DROs) were taken out in April, as the £90 fee for the insolvency option was scrapped.
DROs are...
Mortgage Borrowing decreasing in 2024
UK Finance has released its latest Household Finance Review for Q1 2024 with the reporting highlighting that mortgage borrowing has decreased when compared with...
RS Group Maintains An Unparalleled Lead In Quality In Sounder Beacon
An emergency can disrupt your flow and cause massive havoc. Mass discord and hysteria among people can lead to more casualties. Therefore, emergency alert...
Small Businesses owed £23k on average amid rising energy bills
Small businesses were owed almost £23,000 in late payments for a month, according to new data, adding to the sky-rocketing energy bills that are...
US Company seizes Football club over large Unpaid Debt
US investment fund Oaktree Capital Management has taken control of Italian champions Inter Milan after the football club’s previous owners, Chinese conglomerate Suning International...
April saw surge in Company Insolvency says latest data
The latest Insolvency Service figures for April 2024 show there was a startling rise in Company Insolvencies.England and Wales witnessed a significant rise in...
TV Soap legend being chased for £100k debt
Former Coronation Street legend Beverley Callard is currently under investigation after her acting firm failed to settle a £100,000 tax bill.The Liz McDonald star, 67, is...
32,000 UK Homes at risk of repossession
New research by Mojo Mortgages has found that 32,000 mortgaged properties at risk of being repossessed.The research also found that there were 96,580 homeowner...
Investigation launched into Council’s huge Unpaid debt pile
The government has ordered an investigation into Warrington Borough Council as figures reveal it is almost £1.85 billion debt.
It follows a report which found the council...
Solicitor fined due to Invoice late payment
A solicitor has been fined more than £1,000 due to invoice late payment. It was found that the solicitor failed to pay an invoice...
English Football Legend banned from being a Company Director
John Barnes, the former England and Liverpool footballer, has been banned as a company director after his business failed to pay tens of thousands of pounds in tax.John Barnes...
Timeshare Company closed down due to huge fraud
A Timeshare risk management company which claimed to help people exit their timeshare contracts in Tenerife has been shut down leaving clients at a...
Insolvency rising again says Trade body
INSOLVENCY activity has again increased in the south east, according to the UK’s insolvency and restructuring trade body.R3 figures showed a rise in this...
Retail Insolvencies climb 19% in the UK
New analysis by Mazars has found that the number of insolvencies by retailers has increased 19% in the past year to 2,195 in 2023/24...
Haulage firms named in Business Late payers list
Well known transport, distribution and haulage firms have cropped up in a list naming and shaming both late and serially-late payers of invoices.The “rogues...
Plant Hire firm enters liquidation despite nearly 50 years of trading
A well known Scottish plant hire firm has entered liquidation after near half a century of trade.All jobs have been lost at a Fife...
Martin Lewis investigates shady actions by UK Debt Collection Company
In the United Kingdom, an intriguing scenario has surfaced within the UK's debt collection sector and the infamous Martin Lewis.
This involves the controversial activities...
Surge in Unpaid Rental Arrears says Industry supplier
Data released from Reposit, a deposit alternative service, reveals what it calls “a concerning surge in rent arrears” during the final quarter of last...
