LATEST ARTICLES

banks hire more staff

Banks hire 100’s of Debt Collection Agents ahead of Covid Loan repayments

The UK's leading High Street banks are strengthening their Debt Collection teams ahead of the emergency covid loan defaults. The UK's four largest banks are said to have hired over 750 new Debt Collection staff...
Smes owed 21k in late payments

SME’s owed 21k on average due to late payments

New data from Intuit QuickBooks has highlighted the burden of late payments on already financially stretched small and medium-sized businesses (SMBs) with the average amount figure owed being £21,373. The figure represents more than...
sme late payment

Pandemic is forcing Companies into Late Payment clampdown

The changing face of late payment has lead to nearly half of companies saying that they were lucky to have survived 2020. This is according to new research by Intrum. The research as part of...
business insolvency

No Insolvency Action till end of September

The Government has announced the extension of temporary insolvency measures which includes the restrictions on issuing of winding up petitions and statutory demands. The change to the regulations will mean restrictions on statutory demands and...
ban on commercial evictions

Shock as Government extends Commercial Eviction ban

The Government has announced that a ban on landlords evicting firms for unpaid commercial rent is being extended for another nine months. The ban, which stops landlords from taking tenants to court for non-payment, was...
Director banned for Company unpaid ccjs

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 Company Director. Kathleen Shepherd from Southampton was the only Director for Shepherd Site Services Limited. The company acted as a...
court shuts down debt collection agency

Courts close rogue Debt Collection Agency

The High Court has shut down a rogue Debt Collection Agency it has emerged. The Debt Collection Agency spuriously claimed to be able to collect debts from liquidated companies. They were wound up at...

Builder wrecks customers house over Unpaid Invoice

A Builder took extreme action when a customer refused to settle an unpaid invoice. Frustration over an ongoing dispute over an unsettled bill caused a builder to take action into his own hands. The house...
dodgy debt collector jailed

Scam Debt Collection Agency Owner receives lengthy Jail sentence

A Scam Debt Collection Agency Boss has been sent to prison for 4 years and 10 months. The Dodgy Debt Collector took cash payments from clients to help recover money but did so with...
company insolvency levels s

Company Insolvencies continue to decrease

The latest figures provided by the Insolvency Service have indicated a further 22% reduction in Company insolvency rates across England and Wales. The figures show that business insolvencies fell by 7.2% to 925 in April...