LATEST ARTICLES

number of overdue invoices in wales has dropped

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 in 2022. This statistic is according to new research from R3,...
local scottish council facing bankruptcy

Local Scottish Councils advise of huge bankruptcy threat

Local Scottish Councils are at risk of bankruptcy if funding from the Scottish government is not improved, council leaders have said. Cosla issued the warning in a briefing paper ahead of the Scottish budget on...
increase in the number of ccjs issued

Sharp increase in number of CCJs issued in Q3, 2023

The latest figures for the number of CCJs issued has been released by the Registry Trust. The report is for months July, August and September. Also referred to as Q3. The full report released from the...
late paying contractors face public work ban

Late paying contractors to be hit with public work ban

Late paying contractors are to be prevented from procuring government contracts under new proposed legislation. Companies bidding for government contracts worth over £5m must demonstrate they pay all invoices within 55 days, or face a...
increase in spend on hmrc debt collection

£16.3m boost for HMRC Debt Collection Unit

The Government is to our £16.3 million into HMRC Debt Collection, raising efforts to recover £4.67 billion in unpaid taxes over the next six years. According to Treasury estimates, the injection of cash will help...
best small business accounting software

Best Small Business Accounting software for 2024

As we look ahead to 2024, small business accounting software is expected to grow even more. More and more UK small businesses are becoming more reliant on technology than ever before. Whether you're a small...
businesses closing down hits record levels

Number of Businesses closing hits record levels

A record number of businesses closed across the UK last year, official figures have shown. The data from the Office for National Statistics (ONS) also reveals that the so-called business death rate surpassed the “birth...
extra energy supply firm director banned

Extra Energy supply Director hit with 6 year ban

A former Director of Extra Energy Supply has been banned from running a business for six years. Mordechay Ben-Moshe, 48, was a Director of Birmingham-based Extra Energy Supply, which supplied around 130,000 household and business customers...
Rise in the usage of a Directors personal guarantee

Directors Personal guarantee usage on the rise says research

Latest research is suggesting that the use of a Directors personal guarantee is on the rise in the UK. There has been a rise in The difficulty small business owners are experiencing accessing funding without...
personal insolvency rises sharply

Personal Insolvency rising sharply according to new figures

New figures released show a massive increase in Personal insolvency. The latest monthly figures from the Insolvency Service for England & Wales have indicated that personal insolvency numbers increased by 35.7% in October 2023 to...