LATEST ARTICLES

Debt owed by businesses

Unsustainable Business Debt estimated at £70bn

Businesses in the UK have stacked up around £70 billion worth of unsustainable debt says latest research. According to a new report from The City UK, Companies owe in excess of £70bn with more...
unpaid invoices

Unpaid Invoices affecting 54% of UK Businesses

As the United Kingdom continues to ease its Coronavirus restrictions, 54% of current actively trading Businesses are facing piles of unpaid invoices. The results from a survey by the Office of National Statistics make for...
childcare nursery

Childcare Providers facing financial ruin

The UK's Childcare Industry is facing real issues post pandemic. The loss of income from parent-paid fees since March is meaning that many childcare providers are facing major financial challenges.  A total loss of income...
business recovery uk

Business Late Payments threatening Economy recovery

The latest research shows that the majority of Businesses (SME's) in the UK are being paid late as a result of the pandemic. This underhand business practice is threatening the recovery of the Economy...
bailiffs

Bailiffs allowed to return to Debt Collection duties

Local Authorities have been given the green light to send Bailiffs to collect outstanding debts. This follows a five month suspension due to the coronavirus pandemic. The use of Bailiffs had been suspended on the...
strike off company

Company ‘strike offs’ to resume in October

As part of the return to 'normality', Companies House has announced that it will re-introduce the compulsory company strike-off process from 10th October 2020. This is the process where Companies House strikes off Limited companies...
business county court judgment

Number of Business CCJ’s drops by 30%

The number of County Court Judgments registered against businesses England and Wales has fallen by nearly 30 percent compared with last year. The first half of 2020 has seen a huge reduction compared to...
business late payment

Large Companies still delaying payments to Suppliers

New research shows that there has been no real improvement in the speed at which Large companies are paying their suppliers.  The research conducted by Accountancy firm Moore has shown that 41 days is...
debt collection

Residential Debt Collection Visits set to resume

Debt Collection enforcement visits to residential properties in the UK have been given the green light to resume from the 24th August. The news has been welcomed by High Court Enforcement Officers Association (HCEOA) It...
payment business

9 out of 10 UK Businesses owed nearly £150k on average

UK businesses are returning to work this month with some trepidation, according to fintech business lender MarketFinance. The company’s latest research indicates that nine in ten businesses are waiting to be paid an average...