This Week Trends
A recent report conducted by US based organisation 'The Urban institute' has found that over 35% of American citizens who have a credit file were subject to recovery actions from a Debt Collection Agency in 2013.The survey conducted in...
The High Court has shut down a rogue Debt Collection Agency it has emerged. The Debt Collection Agency spuriously claimed to be able to collect debts from liquidated companies. They were wound up at the request of the Insolvency...
THE number of firms going bust in Scotland fell for the first time in four years in 2012 according to KPMG, in an apparent sign businesses have got used to coping with tough trading conditions.
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Public Sector Late Payments Continue to Rise
New research has shown that late payment by major public sector contractors to small and medium-sized enterprises ...
Council writes off millions after Debt Collection failure
A cash strapped council has had to write off more than 2m of unpaid council taxes after Debt Collectors and Bailiffs recovered just £35,000...
Dubai Bounced Cheque Special Petition Rejected
Dubai’s highest court has rejected a special petition, lodged by British businessman Safi Qurashi, in which he sought to have ...
Debt Collection firm in liquidation leaves clients in limbo
UK based Debt Collection Agency Sentinel Debt Recovery Limited went into a sudden liquidation at the end of November 2014 leaving its clients and...
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HMRC spends over £5m in one month on Debt Collection services
HM Revenue & Customs has dramatically ramped up its use of private debt collection firms, spending more than £5 million in a single month...
Debt Collection firm served with Winding Up Petition
UK debt collection company McVicar Debt Collection Ltd based in Preston, Lancashire is facing renewed legal pressure after being served with a second winding...
Medical tech firm crashes into Liquidation
An Oxfordshire-based medical technology company that spent over a decade developing cutting-edge patient monitoring systems has entered liquidation, leaving behind millions of pounds in...
New Business Late Payments Legislation unveiled
The Government has introduced new legislation aimed at protecting small businesses by ensuring companies pay their suppliers within 60 days. Late payments could now...
Scotland sees sharp rise in Business Distress
The number of Scottish businesses in critical financial distress surged to 3,517 in Q4 2025, marking a 49.5% increase compared to the same period...
January sees a rise in Personal Insolvencies
The latest monthly figures from the Insolvency Service for England & Wales have indicated that personal insolvencies increased by 12% in January 2026 compared...
43.8% rise in Businesses suffering Financial Distress
The latest Red Flag Alert research from Begbies Traynor has revealed a significant 43.8% year-on-year increase in ‘critical’ financial distress during Q4 2025.
Throughout 2025,...
Spike in Divorces in January may raise Personal Debt Levels
Often dubbed ‘divorce month’, January has long been recognised as the time of year when family lawyers see a significant rise in people seeking...
Best 10 Credit Control Tips for UK Businesses in 2026
Cash flow remains the lifeblood of any UK business. In 2026, navigating the financial landscape requires more than just making sales; it requires ensuring...
Business Insolvencies Surge Amid Economic Pressures
The number of businesses collapsing in England and Wales has seen a sharp increase, with 2,029 companies going insolvent in October—a 17% rise compared...
