Construction late payment worsening says Data firm
Construction late payment is getting worse according to the latest data from Creditsafe. More than half of all business invoices sent to construction firms were paid late last year analysis has found.The proportion of...
Business CCJ’s double whilst firms in significant distress soars
Business CCJ's have doubled in the last quarter says the latest Red Flag Report from Begbies Traynor. Latest data has laid bare the struggles facing UK business during the current economic crisis.610,405 business rated...
Lottery winner jailed due to £12k unpaid debt
A NATIONAL lottery winner who scooped a quarter of a million pounds has been jailed for 12 months after failing to pay a £12,000 debt.Gerry Donaldson, 52, won £250,000 on a lottery scratch card...
UK Business Insolvency rises by nearly a third
UK Business Insolvency rises by nearly a third
Latest figures from the Insolvency Service have shown that the number of business insolvencies in England & Wales were 32% higher than in the same month in...
Personal debt in the UK rose by a third in 2022
Personal debt in the UK has increased massively over 2022 suggests new research. This is mainly due to the cost of living crisis and monthly bills. Unsurprisingly 68% of people reported as feeling 'stressed'...
Luxury Candle maker goes bust with huge unpaid business debts
A luxury candle and diffuser maker who supplied the likes of Harrods has gone bust due unpaid business debts. The luxury candles were sold in high-end stores but despite this, the firm has gone...
Council forced to write off over 1m of uncollected debts
Over 1 million pounds has been written off as uncollected debts by a council in Wales.Denbigh County Council predicted in December that it would be £2.1m over budget by the end of the current...
Credit card use up to highest levels since 2004
Credit card borrowing rose in November to its highest monthly level since 2004 according to latest Bank of England data.The figures showed individuals borrowed an additional £1.5 billion in all forms of consumer credit,...
European Business late payment clampdown in 2023
European regulators are looking to clamp down on late European business late payment payments in 2023.In the U.K, the government announced the launch of a review into progress made in combating late business payments...
Limited Company struggling with Debts? What are the options
What are the options if a limited company is struggling with debts?While it can be be tempting to ignore a mounting unpaid debt problem in a Limited Company, it is the worst thing a...
