Southern Water turning to Private Debt Collectors
Southern Water is threatening to use debt collection agencies against customers involved in a payment boycott in protest against continuing raw sewage discharges.
The water company, which was given the lowest one star rating for performance by the...
Cost of Bankruptcy and Liquidation petitions to increase
The Insolvency Service has announced that the up-front petition deposit fee paid by those initiating creditor bankruptcy and compulsory liquidation proceedings is rising from 1st November 2022.The Insolvency Service is introducing changes to the...
Small Businesses in Europe relying on loans due to late payments
SMEs and Small Businesses in Europe are suffering from significant late payment issues. But this is down to lack of understanding of the processes involved, says new research from Vodeno.The company commissioned an independent...
Late payments adding to Small Business cash flow worries
Small businesses were owed almost £23,000 in late payments for a month, according to new data, adding to the sky-rocketing energy bills that are piling pressure on concerned business owners.
Late payments totalled £22,700 for...
Rise in fraud causing Courts backlog
During the first half of 2022, the value of alleged fraud cases exceeding £100k heard in UK Crown Courts soared by almost 300% compared to the first six months in 2021, rising from £137.4m...
TV production sector sees sharp rise in Business Insolvency
Companies involved in the TV production sector has seen a sharp rise. UK film and TV production company insolvencies have jumped 69% in the past year, from 67 to 113 according to new research...
CVA’s drop 47% after HMRC changes Debt Collection rules
The latest Data analysed by Mazars shows the number of struggling businesses applying for Company Voluntary Arrangements (CVAs) has fallen by 47%. It is suggested that this large drop is due to a change...
Madame Tussauds owners served with winding up petition
The owner of Madame Tussauds and London Dungeons has been slapped with a winding up petition by Experian.Merlin Entertainments, which owns theme parks such as Alton Towers and Legoland as well as some of...
Late payment warning issued by Small Business Commissioner
In a recent podcast, The Small Business Commissioner, Liz Barclay, issued a warning that without confidence in cash flow, the UK’s small and micro businesses would be restricted from investing in new jobs, equipment and...
37% increase of Businesses in critical distress
The number of businesses in critical distress has increased by 37% in the past year. This is according to financial data from insolvency specialists Begbies Traynor.The latest Begbies Traynor Red Flag Alert report has...
