5 restaurants closing every day
The latest research analysis by Price Bailey (Accountancy firm) shows that restaurants closing is at its highest rate in a decade for the first three months of the year.A total of 569 restaurant businesses...
Number of Insolvent Businesses hits record high
The number of insolvent businesses in England and Wales last month rose by 40 per cent year-on-year to the highest level since monthly records began in January 2019.Data from the Insolvency Service yesterday showed...
London Tenant Evictions halted over Bailiff safety fears
London landlords face prolonged delays in the eviction process as bailiff operations are suspended indefinitely due to unspecified ‘health and safety reasons’.This move is reportedly causing an immediate and significant impact on evictions, with...
Government ban on No Fault Evictions
The Government has announced new private rented sector reforms.
The Renters’ (Reform) Bill, introduced to Parliament will abolish section 21 no fault evictions which will empower renters to challenge poor landlords without fear of losing...
Man sentenced for smashing up Debt Collector’s van
A man who smashed up a debt collector’s van and threatened staff when they came to his property has been given a community order.Stuart O’Connor, 42 and of Oswestry, pleaded guilty to two offences...
Number of CCJs rises in the UK by nearly 15% in 2023 Q1
The total number of judgments registered in the British Isles in Q1 2023 was 262,941. Compared to same period last year, the total number of judgments in this quarter increased by 14.21%. The total number of ‘satisfied’ (or fully...
Late payment increase sees pressure grow on suppliers
Businesses may struggle to access credit as operating costs hit their highest levels since 2008 due to late payment increase, a leading insurer has warned.
Companies slower in making payments
Credit is set to become more...
Renewable Energy Company enters liquidation with huge debts
RENEWABLE energy company Daylight Energy has entered liquidation. It has gone bust owing millions and leaving customers thousands of pounds out of pocket.
Latest energy company to hit problems
Customers of Poole-based Daylight Energy say they...
Over 75% of SMEs have cashflow worries says new data
Latest data from Time Finance has uncovered the true impact of late payments for SMEs with 75% of UK businesses worrying about cashflow as a direct result of overdue invoices from their customers.In a...
Charity accuses London Bailiffs firm of ‘dressing up as police’
A London bailiffs company has hit back at a claim its enforcement officers are deliberately dressed to look like police to scare people into complying with their requests, saying at no point have they...
