This Week Trends
One of Britain's biggest debt collection Agencies is targeting a £500m stock market flotation that would loosen its ownership by the state-backed Royal Bank of Scotland (RBS).
Debt recovery business Robinson Way is set to grow the range of services it offers after being bought by a Swedish financial services firm.
Overseas scammers are back at work attempting to scam UK citizens. It is the latest attempt by criminals to target unsuspecting members of the public. The same criminal gangs are thought to be behind the scam text messages sent out...
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Number of Overdue invoices in Wales drops by 42%
The number of overdue invoices being paid after their due date in Wales dropped 42% in October 2023 when compared to the same period...
Company insolvencies at five-year low
The number of companies going bust in England and Wales has dropped to its lowest level since the end of 2007.
Worst sectors for late payment in 2022 named and shamed
The worst sectors for late payment are named and shamed in new ports. The reports looks at the late payment practices of different business...
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...
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LATEST ARTICLES
Company Insolvencies drop by 5% for the year 2024
Annual figures from the Insolvency Service have shown that there were 23,872 registered company insolvencies in England and Wales in 2024 a fall of...
Gin Company seen on Dragons Den, collapses with Business debts
Didsbury Gin was founded by best friends and gin lovers Liam Manton and Mark Smallwood in 2017, who according to the brand’s website, wanted...
Self Employed Tradespeople owed £3.5Bn in Late Payments
BILLIONS of pounds in late payments are owed to self employed tradespeople across the UK, according to new research from Ford Pro. The vehicle manufacturer’s...
Famous Training College forced into Liquidation
An internationally recognised boatbuilding training college is set to close its doors in Suffolk for the final time as it heads into liquidation. The award-winning International Boatbuilding Training...
Commercial Late Payment to be tackled by Government’s Fair Payment Code
The Government has announced the launch of a new Fair Payment Code aimed at tackling late payments, with research showing that SMEs are on average...
Number of Insolvent Businesses decreases by 10%
Latest figures from the Insolvency Service have shown that the number of business insolvencies in England and Wales was 1,747 in October 2024, 10% lower...
Council To Review £20m Debt Recovery Headache
Dudley Council is chasing an eye-watering £20m in unpaid debts owed for more than three months despite battling a financial black hole.
The authority is...
Large rise in Logistics Company Insolvencies
Research by Forvis Mazars has found that insolvencies of logistics companies’ have risen 14% in the past year, from 464 in 2022/23 to 530...
Welsh Businesses seeing rise in Overdue Invoices
The number of Welsh companies with overdue invoices on their books reached a 2024 high in September, according to new research from R3, the...
6% of Debt Collection visits breaching National Standards
New research has shown that debt collectors are breaching national standards in 6% of visits to individuals facing enforcement. The study into doorstep interactions in...
