POPULAR NEWS
Rogue medical group wound up
A bogus medical assistance provider has been wound up in the public interest in the High Court following an investigation by The Insolvency Service.
Unpaid Invoices as high as £200k affecting 1 in 5 SME’s
Newly released data from Time Finance has revealed some startling findings. The data shows that an astonishing 70% of SME's and Small businesses are...
WORD CUP 2016
Director banned for taking money from Company with Unpaid CCJ’s
The sole Director of a broker Company based in Hampshire has been banned as a...
Government to review UK Small Business Late payments
The government is to review worsening UK Small Business late payments it has been announced.Business...
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.
WRC Rally Cup
Company Insolvency rate rises by 72% over past year
Company insolvency rates in the United Kingdom have risen by 72% in the past year....
Phones4u in administration
Accountancy firm PricewaterhouseCoopers LLP has been lined up as the preferred insolvency administrator for Phones...
Number of Insolvent Businesses decreases by 10%
Latest figures from the Insolvency Service have shown that the number of business insolvencies in England...
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CYCLING TOUR
Trading Standards: Fake Debt Collector Warning
Fake debt collectors are targeting small business owners across Essex, Consumer Watch can reveal ...
Boom time for Debt Collection Agencies purchasing bad debt
Debt Collection Agencies in the UK are purchasing bad debt for as little as 10p for every single pounds worth of debt they buy...
New Debt Collection documentary to be aired on Channel 5
Off the back of the success of BBC1's, 'The Sheriffs are coming', Channel 5 is to air a new no holds barred documentary on...
Debt Relief Orders hit record numbers
A record number of Debt Relief Orders (DROs) were taken out in April, as the £90 fee for the insolvency option was scrapped.
DROs are...
Payday loan industry facing backlash
George Osborne has been accused of driving hard-up people into the arms of payday lenders
TENNIS
35% of Americans subject to Debt Collection action
A recent report conducted by US based organisation 'The Urban institute' has found that over 35% of American citizens who have a credit file...
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Judge orders Bailiffs to seize Lord’s goods
A Court Judge ruled on Friday that goods and assets belonging to Lord Maginnis should be seized and sold. It relates to a debt...
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LATEST ARTICLES
HMRC spends over £5m in one month on Debt Collection services
HM Revenue & Customs has dramatically ramped up its use of private debt collection firms, spending more than £5 million in a single month as the government steps up efforts to claw back billions...
Debt Collection firm served with Winding Up Petition
UK debt collection company McVicar Debt Collection Ltd based in Preston, Lancashire is facing renewed legal pressure after being served with a second winding up petition within a year, whilst also carrying an estimated...
Medical tech firm crashes into Liquidation
An Oxfordshire-based medical technology company that spent over a decade developing cutting-edge patient monitoring systems has entered liquidation, leaving behind millions of pounds in liabilities and raising questions about the sustainability of innovative but...
New Business Late Payments Legislation unveiled
The Government has introduced new legislation aimed at protecting small businesses by ensuring companies pay their suppliers within 60 days. Late payments could now result in significant fines, and boards will be required to...
Scotland sees sharp rise in Business Distress
The number of Scottish businesses in critical financial distress surged to 3,517 in Q4 2025, marking a 49.5% increase compared to the same period in 2024, when the figure stood at 2,353.
This alarming rise,...
January sees a rise in Personal Insolvencies
The latest monthly figures from the Insolvency Service for England & Wales have indicated that personal insolvencies increased by 12% in January 2026 compared to January 2025, rising to 10,843 from 9,644. Personal insolvencies...
43.8% rise in Businesses suffering Financial Distress
The latest Red Flag Alert research from Begbies Traynor has revealed a significant 43.8% year-on-year increase in ‘critical’ financial distress during Q4 2025.
Throughout 2025, UK businesses faced ongoing challenges stemming from prolonged economic uncertainty,...
Spike in Divorces in January may raise Personal Debt Levels
Often dubbed ‘divorce month’, January has long been recognised as the time of year when family lawyers see a significant rise in people seeking to end their marriages.
Current Google data supports this trend, showing...
Best 10 Credit Control Tips for UK Businesses in 2026
Cash flow remains the lifeblood of any UK business. In 2026, navigating the financial landscape requires more than just making sales; it requires ensuring that the money owed to you actually lands in your...
Business Insolvencies Surge Amid Economic Pressures
The number of businesses collapsing in England and Wales has seen a sharp increase, with 2,029 companies going insolvent in October—a 17% rise compared to the same month last year, according to the Insolvency...
