This Week Trends
AN ARMY of “zombie companies” being kept afloat by record low interest rates have hit business recovery group Begbies Traynor’s earnings in the last six months.
Accounting giant Ernst & Young is to be sued over the collapse of Anglo Irish Bank in 2009.
Babergh District Council has been advised that it should do more to stop the use of bailiffs by a national debt charity.
According to new research by the Money Advice Trust, the charity that runs National Debtline. During 2014/2015 the council...
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Insolvency figures continue to fall for Scottish Businesses
According to the latest figures from Accountant in Bankruptcy (AIB), the number of Scottish businesses that are going in to administration is continuing to...
Late payment costing SMEs more than £2bn a year in the UK
Small Businesses across the UK are feeling the pinch from late paying customers following the release of a report from Bacs.
The continuing practice of...
Levels of Debt Collection on the Rise
Levels of debt being collected by members of the Credit Services Association (CSA) have returned to pre-Christmas ...
Debt Management Firm Director banned
The Director of a rogue debt management company has been banned from acting as a company director for 11 years following detailed investigations. Officials heard...
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LATEST ARTICLES
SME’s say late payment is on the increase
Small and Medium sized Businesses across the UK are advising that late payment has increased compared with a year ago.
This is growing concern due...
Hospitals turning to Debt Collection firms for help
Hospitals across Ireland are turning to Professional Debt Collection Agencies in a bid to combat unpaid fees.
The HSE, which is responsible for public Health...
Brit being held in Prison due to Credit Card Debt
A British man is being held in a notorious Czech Prison awaiting extradition to Qatar due to an unpaid Credit Card Debt.
Alan Stevenson from...
Soccer Legend has assets frozen due to Unpaid Debts
Brazilian Soccer Legend Ronaldinho has had properties seized due to unpaid debts and taxes according to reports coming out of Brazil.
He has also has...
Construction Industry sees improved payment times
Trade body Build UK has advised that its members are continuing to improve payment performance within the construction sector. The average time for Contractors...
Half a Million UK firms in ‘significant distress’
Almost half a millions Businesses in the UK are in significant financial distress according to new research published by Insolvency firm Begbies Traynor.
The red...
Body Cameras to be compulsory for Private Debt Collectors
The Government has announced plans to make body worn cameras compulsive for all Private Debt Collection firms and Bailiffs to ensure compliance.
The Ministry of...
Bailiff Axe attacker avoids Jail
Two Bailiffs endured a horrific 25 minute 'terrifying' attack from a Debtor who attacked them with an Axe as well as threatening them with...
SME’s fearful of chasing Unpaid Invoices
SME's are avoiding taking Debt Recovery action and chasing non payment a report has revealed. Small Business Commissioner Paul Uppal and Commercial Finance Lender...
Late Payment – The problem that won’t go away
With Brexit dominating the economic spectrum, Small businesses in the UK are under major cash flow pressure which in turn is leading to increased...
