POPULAR NEWS
Zombie firms hit Business Recovery Company
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.
Gran Turns to Crime to Pay £40k Store Card Debt
A grandmother who turned to crime after secretly spiralling into £40,000 debt using store cards today issued a stark warning to ...
WORD CUP 2016
Construction late payment worsening says Data firm
Construction late payment is getting worse according to the latest data from Creditsafe. More than...
UK Supermarkets late payment shame
Every single one of the UK's major supermarkets are guilty of regularly failing to pay...
Olympics helps Britain come out of recession
Olympics spending fuelled Britain's strongest quarterly growth in five years, springboarding the country out of recession in the third quarter, data showed on Thursday
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MP’s lobby Government for new Debt Collection Laws
A mixed party collaboration of MP's has written to the Chancellor requesting new legislative measures...
Businesses warned to pay debts on time
Business Minister Michael Fallon has warned big businesses that they will be publicly named if they fail to sign up to the Prompt Payment Code, a voluntary agreement to promote good payment practices.
Self Employed suffering from rise in Late Payment
The scourge of late payment is affecting Self Employed workers and Freelancers across the UK...
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CYCLING TOUR
One in four UK businesses struggling to pay debts
Cash-flow problems that could leave companies unable to “fund any future recovery” are affecting one in four small businesses.
MP’s lobby Government for new Debt Collection Laws
A mixed party collaboration of MP's has written to the Chancellor requesting new legislative measures to reform the government's debt collection practices. The 50 strong...
Repossession rates Drop to 18 Month Low
The number of homes being repossessed in the UK has fallen to its lowest level since the end of 2010, says the Council of Mortgage Lenders (CML).
Rogue Director gets 9 year ban for Covid loan lies
A rogue Company Director from Wolverhampton deliberately lied by exaggerating company turnover to secure a £50,000 bounce back loan. Inderjit Singh Dadial, aged 32 has...
Late Payments ‘Crippling’ Many Small Businesses
Late payments are crippling many small businesses, according to a survey by the Federation of Small Businesses.
TENNIS
Huge £42m Debt written off by City Council
Millions of pounds of unpaid council tax debt has been written off by an authority, it has been revealed. A Liverpool City Council report said...
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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 ...
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LATEST ARTICLES
Green Energy firm enters administration
Green energy firm Ripple Energy which provided renewable power to over 20,000 customers in the UK has filed notice to appoint administrators. Ripple allowed customers to co-own a wind farm or solar park with “thousands...
6 in 10 Small Businesses restricted by late payments
A new report from GoCardless, in partnership with the Federation of Small Businesses (FSB), has revealed an escalating late payments crisis threatening UK small businesses. A survey of over 2,000 small Business owners found that...
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 as Encore Debt Recovery failed to fully hand over the...
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 problems’ facing small businesses and with the Government announcing plans...
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 the Government to improve its debt collection methods for collecting...
Late Payments identified as top cause of Cash Flow issues for SMEs
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 (SMEs) while making sure the bills are paid was an...
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 5.1% from 2023’s figure of 25,163. The company insolvencies comprised 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 to ‘take gin to the next level’. A year after founding...
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 research found delayed or missing payments to tradespeople was reported...
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 College (IBTC) has been based on the edge of The Broads...
