Huge £42m Debt written off by City Council
Millions of pounds of unpaid council tax debt has been written off by an authority, it has been revealed.A Liverpool City Council report said about £42m of debts, which was mostly uncollected council tax...
Government vows to act on SME late payments
The UK government has launched tougher measures to tackle SME late payments to small businesses as part of its upcoming Prompt Payment & Cash Flow Review.The Prompt Payment & Cash Flow Review is a...
District council writes off £1.35m of uncollectable debt
A small district council in Lincolnshire has written off £1.35m deemed as 'uncollectable' by officials.South Holland District Council (SHDC) took the steps after debt collection efforts failed results in debts not being paid.The uncollectable...
Major contractors admit 20% of Invoices are paid late
A swathe of major contractors are still failing to pay invoices on time, according to their own payment data.Build UK has compiled fresh payment-performance data on a range of tier one and specialist contractors,...
E-Bike manufacturer goes into liquidation
Amsterdam-based VanMoof, an e-bike manufacturer, has gone into liquidation in the UK. The Dutch company confirmed through an email to its customers that the company is undergoing a Creditors’ Voluntary Liquidation.The message, signed by...
Number of Businesses closing continues to increase in 2023
Number of Businesses closing is on the rise
The number of businesses closing saw a further increase in the second quarter of 2023 (Q2). The rate of business insolvencies is now at its highest rate...
UK Exporters braced for non-payment rise from overseas customers
The number of UK exporters anticipating an increase in the risk of non-payment has risen from 27% to 43% year on year, according to a survey conducted by credit insurer Allianz Trade.An increased perception...
Home care providers facing collapse due to unpaid invoices
1 in 5 Home care providers facing collapseDozens of home care companies in England fear collapse because invoices are going unpaid by councils and the NHS.Hundreds of millions of pounds in unpaid bills are...
New Small Business jobs being held back by late payments
An improvement in Small Business jobs and sales growth across UK small businesses in June has been largely offset by increasing late payments and a slowdown in wages growth, according to the latest data...
Debt Collection SMS Text Scam warning
Overseas scammers are back at work attempting to scam UK citizens. It is the latest attempt by criminals to target unsuspecting members of the public.The same criminal gangs are thought to be behind the...
