Scam Debt Collectors firm shut down by Authorities
Bristol based debt recovery business which didn’t hand over money is shut down An Insolvency Service investigation found that Encore Capital Group Inc Ltd trading...
Businesses suffering from significant Late Payment delays
Latest data from Money.co.uk has found that on businesses are facing 47-day payment delays. The FSB has described late payments as one of the ‘biggest...
Trade Body calls on Government to improve its Debt Collection methods
In a new report, the Credit Services Association (CSA), the UK trade body for the debt collection and debt purchase sector, has called on...
Late Payments identified as top cause of Cash Flow issues for...
Late payments are the primary culprit for causing cash flow problems for businesses according to two fifths (41%) of UK small and medium-sized enterprises...
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...
