POPULAR NEWS
US Businessmen Stuck in China Over Debt Dispute
A Missouri man involved in a business dispute has been stuck in China for five months after the Chinese government refused to ...
7 Top Tips for Small Business Credit Control in 2022
One of the most tiresome aspects of running a Small Business in the UK is chasing unpaid invoices. Over 50% of small business owners...
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Retirees Sitting on £96.41bn of Personal Debts
New research from retirement income specialist MGM Advantage reveals that the average retired person has £8,180 of personal debt, collectively equating to a staggering £96.41bn.
Startling rise in construction firm recovery loan defaults
A startling rise in construction firms defaulting on covid loans could signal a wave of...
Late payment continues to frustrate UK SME’s
Around 48% of Small and Medium Sized Enterprises in the United Kingdom continue to be...
WRC Rally Cup
Toll fine Debt Collection letters are ‘intimidating and misleading’
Letters being sent by a Debt Collection Agency to drivers who fail to pail Tyne...
Scotlands largest Debt Collection ‘Scott & Co’ bought out
Scotland's largest private debt collection and enforcement agency, Scott & Co has been acquired by the Marston Group for...
New clampdown on rogue car parking firms
Private Parking firms are facing a government clampdown on rogue practices. Parking companies will be...
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CYCLING TOUR
UK Consumer Debt Collection Market valued at £500m
Although the UK consumer debt collection market, now valued at approximately £500 million, returned to profit in 2010, margins remain significantly below pre-credit crunch levels
Incomes and Savings Growing Alongside Debts
Families in the UK have seen monthly incomes nudge ahead of inflation as the typical monthly household income hits £2,150, according to the latest Aviva Family Finances Report.
UK Debt Collection firms hired as Dubai seeks to reclaim $1Bn
Dubai's largest bank Emirates NBD is the major name amongst a number of Dubai based lenders who have called upon the services of UK...
Companies struggling with B2B Debt Collection
UK Companies are struggling with their B2B Debt Collection according to recent research. Over sixty one per cent of Businesses have failed to recover...
City writes off 3m of uncollected Debt
Council Bosses in Leicester have had to write off almost 3m of uncollected debt it was announced yesterday. This huge amount of uncollected debt has...
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CSA Celebrates success of CAI Initiative
The Credit Services Association (CSA) is celebrating the tremendous progress of the Collector Accreditation Initiative (CAI), and its ...
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Bailiffs to attend Jobcentre to enforce County Court Order
BAILIFFS are set to raid a Jobcentre and seize goods in settlement of an unpaid £400 bill.
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LATEST ARTICLES
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 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...
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 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...
£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 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...
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 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...
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 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...
