Welsh MP calls for tighter Debt Collection regulations in Wales
A Welsh MP, Labour’s Jack Sargeant has led a debate in the Welsh Parliament calling for greater regulation of debt collectors in Wales.The Alyn and Deeside MS brought forward the proposal after The Times exposed British...
Bradford Council close to being bankrupt
Bradford Council will issue a Section 114 notice - effectively declaring itself bankrupt - without "exceptional" government help, a report has said.A Section 114 notice would mean it may have to stop all new...
More Businesses closing than opening says latest statistics
Latest Office for National Statistics (ONS) figures show that alarmingly, businesses closing has outpaced openings for the first time since 2010.The ONS Inter-Departmental Business Register shows that there was a 7% year-on-year decline in...
Small Businesses owed £22k on average in the UK
Following a review of business payments and cash flow, the government has found that small and medium-sized enterprises (SMEs) were owed on average £22,000 in late payments in 2022.As a result of these findings,...
Dodgy Lettings Agent convicted of stealing £128k from Landlords
A dodgy lettings agent stole over £128,000 which should have gone to landlord clients - and with it she funded an affair with her personal trainer.Joanne Barker ran the Rochdale-based Barton Kendall agency with...
Number of Overdue invoices in Wales drops by 42%
The number of overdue invoices being paid after their due date in Wales dropped 42% in October 2023 when compared to the same period in 2022.This statistic is according to new research from R3,...
Local Scottish Councils advise of huge bankruptcy threat
Local Scottish Councils are at risk of bankruptcy if funding from the Scottish government is not improved, council leaders have said.Cosla issued the warning in a briefing paper ahead of the Scottish budget on...
Sharp increase in number of CCJs issued in Q3, 2023
The latest figures for the number of CCJs issued has been released by the Registry Trust.The report is for months July, August and September. Also referred to as Q3.The full report released from the...
Late paying contractors to be hit with public work ban
Late paying contractors are to be prevented from procuring government contracts under new proposed legislation.Companies bidding for government contracts worth over £5m must demonstrate they pay all invoices within 55 days, or face a...
£16.3m boost for HMRC Debt Collection Unit
The Government is to our £16.3 million into HMRC Debt Collection, raising efforts to recover £4.67 billion in unpaid taxes over the next six years.According to Treasury estimates, the injection of cash will help...
