LATEST ARTICLES

insolvency rising in the South East

Insolvency rising again says Trade body

INSOLVENCY activity has again increased in the south east, according to the UK’s insolvency and restructuring trade body. R3 figures showed a rise in this activity from 246 in February to 261 in March, remaining...
rise in uk retail insolvencies

Retail Insolvencies climb 19% in the UK

New analysis by Mazars has found that the number of insolvencies by retailers has increased 19% in the past year to 2,195 in 2023/24 up from 1,843 in 2022/23. High profile retail insolvencies include The...
haulage firm late payer list

Haulage firms named in Business Late payers list

Well known transport, distribution and haulage firms have cropped up in a list naming and shaming both late and serially-late payers of invoices. The “rogues gallery” included Ceva Logistics, Reed Boardall, Brake Bros and Jack...
plant hire firm enters liquidation

Plant Hire firm enters liquidation despite nearly 50 years of trading

A well known Scottish plant hire firm has entered liquidation after near half a century of trade. All jobs have been lost at a Fife based plant hire firm James Penman (Plant hire) Limited as...
Martin Lewis investigates shady actions of uk debt collection comapny

Martin Lewis investigates shady actions by UK Debt Collection Company

In the United Kingdom, an intriguing scenario has surfaced within the UK's debt collection sector and the infamous Martin Lewis. This involves the controversial activities of a UK Debt Collection company, Barratt Smith Brown, who...
unpaid rental arrears on the increase

Surge in Unpaid Rental Arrears says Industry supplier

Data released from Reposit, a deposit alternative service, reveals what it calls “a concerning surge in rent arrears” during the final quarter of last year as the economic climate took its toll on tenants.The...
small business late payment costing SMEs £1.6bn

Small Business late payment costing SMEs £1.6Bn

Small Business Late Payment and the cost of such has more than doubled in the past two years, reaching £1.6 billion at the end of 2023, according to a report by Xero. The latest quarterly...
businesses insolvencies expected to increase

10% rise in Business Insolvencies predicted by Experts

UK Business insolvency could increase by 10% this year, according to research by Allianz. The insurer’s global insolvency outlook revealed that 15% of small and medium-sized businesses in the UK are at risk of going...
actors taking debt recovery action

Actors resorting to Debt Recovery action to get paid

A large number of Actors from shows such as Call the Midwife, have had to resort to taking debt recovery action to ensure they get paid according to reports in the Deadline. Mad Dog 2020...
Small Business owners fearing closure in 2024

1 in 3 Small Business owners fear closure this year

Nearly one in three (31%) of small business owners anticipate the potential closure of their businesses by the end of 2024 according to research by Novuna Business Cash Flow. Novuna says that the prospect of...