50% rise in car parking fines issued
Drivers across the UK have suffered from a 50% increase in the number of parking fines and tickets issued by private companies.According to new analysis of data released by the Driver and Vehicle Licensing...
Late payment worsens for Businesses in the North West
The challenge of late payment continues to worsen for businesses in the North West, according to new research from the insolvency and restructuring trade body R3.It shows the number of overdue invoices past the...
Insolvent Companies more likely to be run by men says report
New research from KSA Group shows that insolvent companies were over 40% more likely to be to run by men between October 2021-22 than by females.
The study, which looked at the insolvency rate of companies...
High Street giant apologises for Business late payments
High Street giant Holland & Barrett has vowed to improve supplier relations amid growing protests from suppliers over its Business late payments. Many of its business late payments have extended past 120 days, with...
Worst sectors for late payment in 2022 named and shamed
The worst sectors for late payment are named and shamed in new ports. The reports looks at the late payment practices of different business sectors in 2022.Analysis of payments data provided to the Department...
Rising Unpaid Rent Arrears sees surge in Landlords seeking rent insurance
Rising Unpaid rent arrears across the UK has seen a sharp upturn in Private Landlords seeking rent protection insurance. Data from different firms suggest there’s been an upsurge in the purchase of rent protection...
Council writes off nearly £1.3m in unpaid Business Debt
A Council has decided to write off nearly £1.3m in unpaid business debt it has been reported.Cardiff council took the decision to write off “irrecoverable” debts amounting to over £1 million owed to it...
Failed Crypto firm sees a million people and businesses owed money
Over a million people and businesses could be owed money in the UK following the collapse of the crypto exchange FTX, according to bankruptcy filings.There have also been reports that FTX suffered a hack,...
Accountants should ‘help’ prevent SME late payment says expert
The combination of accountants’ expertise and real-time cashflow forecasting can play a major role in safeguarding small businesses against the worsening issue of late client payments, according to Alex von Schirmeister, managing director UK...
Marathon runner employs Debt Collectors to collect winnings
Last years Brighton Marathon winner employs debt collectors in an extraordinary step to collect his winnings.
Alix Ramsier won the Brighton marathon last year and has employed Debt Collectors to recover his winnings. The company...
