POPULAR NEWS
UK Job Losses Loom as Confidence Sinks
Job creation in Britain dropped to a near three-year low in June as employers viewed the future less optimistically than at any time ...
£5.8bn worth of Debt written off by SME’s
Small and Medium sized Companies have written off a massive £5.8bn over the past financial year according to new research.
Insurance Giant Direct Line has revealed...
WORD CUP 2016
Unpaid Court Fines Continue to Accumulate
Courts across Swindon and Wiltshire have been left with a mountain of unpaid debt totalling more than £5.5mn, with the ...
Bailiff Axe attacker avoids Jail
Two Bailiffs endured a horrific 25 minute 'terrifying' attack from a Debtor who attacked them...
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...
WRC Rally Cup
Local authorities expect half of poor residents to refuse to pay council tax
Councils are budgeting for large losses after coalition's benefit changes mean 2 million low-income workers must pay tax
1 in 8 of Scotland’s Businesses suffering from late payment
According to new suggestive research by insolvency and restructuring trade body ‘R3’, around one in eight...
Authorities issue warning of Business Debt Collection scam
Cyber Police Action Fraud have warned Small Businesses and sole traders to be on guard...
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SPORT NEWS
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CYCLING TOUR
Jobs lost as Debt Collection Firm enters administration.
Preston based Debt Collection Firm Progress Financial Recovery Ltd have entered into administration after long running financial troubles eventually took their toll. The company is...
Bounced Cheque Could Have Serious Impact on Expats in UAE
A recent case involving an expat who bounced a cheque in Abu Dhabi could have serious repercussions for Britons living in the UAE.
Business Insolvency rates at five year low
The rate of business insolvencies fell in January 2013 to its lowest rate since June 2007, according to the latest figures.
Bailiffs fail to collect a single penny of 2m worth of debt
BAILIFFS hired by a council to recover more than £2 million in unpaid tax have yet to recoup a single penny.
Leading UK Debt Collection Firm announces 24.5% increase in collection figures
Leading UK Debt Collection firm announces 24.5% increase in Half yearly Collection figures
TENNIS
100m windfall for backers of UK Debt Collection Agency
One of the UK's largest Consumer Debt Collection Agencies is reportedly due to pay out a 100m jackpot to its backers according to sources...
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630,000 UK Companies facing Insolvency
Around 630,000 businesses were experiencing significant financial distress in the last quarter of 2020, ahead of the current lockdown, according to research by the...
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LATEST ARTICLES
48% of Businesses see increase in late payments
New data captured has shown that 48% of Businesses have seen an increase in late payment. Clear evidence that the pandemic is fuelling a continual problem that blights trade.
The New data supplied from cloud-based...
60% of Private Landlords owed rent arrears
Data from the National Residential Landlords Association has revealed that a massive 60% of Private Landlords are owed money due to rent arrears.
Roughly 840,000 tenants in the Uk have fallen into arrears according to...
Dodgy Company Directors disqualified by Insolvency service
Two rogue property directors who abused millions of investor funds and a scaffolder who disposed of assets prior to bankruptcy have been banned by the Insolvency Service.
Sanjiv Varma (57) and Jonathan England (48), both directors of property...
HMRC facing £65bn Debt Collection challenge
The HMRC is now facing its biggest debt collection challenge in history. Debt owed to the HMRC from UK Businesses and tax payers has now trebled to reach £65.5bn from £19.3bn in 2019.
An estimated...
New clampdown on rogue car parking firms
Private Parking firms are facing a government clampdown on rogue practices. Parking companies will be banned from issuing fines for minor misdemeanours such as entering registration plates wrong.
Parking companies will also be forced to...
Small Businesses in ‘distress’ number triples
New data released by Accountancy firm Mazars has shown a worrying rise in the amount of UK Small Businesses in financial distress. Over 135,000 Companies were shown to be suffering from financial strain this...
New Small Business Commissioner urged to tackle late payments
Uk Sole traders group IPSE has called upon the new Small Business Commissioner Liz Barclay to take a tougher approach to late payments. IPSE has claimed the issue has become worse during the covid-19...
Public rallies to save Debt ridden Railway
News that the popular Welsh Llangollen railway has had to call in the receivers has been met with a wave of public support since it was announced. The North Wales tourist attraction had been...
Debt Collection notices helped reveal Employee’s £1.7m scam
When Company Bosses at a Scunthorpe based Business started receiving Commercial Debt Collection Agency letters alarm bells rang. Shortly after they found that one of their employees was stealing from the business on a...
City Council writes off £7.26m after Debt Collection efforts fail
Edinburgh City Council has been forced to write off a whopping £7.26m after Debt Collection efforts have failed to recoup monies owed to them.
The accumulated debts were for unpaid parking fines, council tax and...
