Green Energy firm enters administration
Green energy firm Ripple Energy which provided renewable power to over 20,000 customers in the UK has filed notice to appoint administrators.Ripple allowed customers to co-own a wind farm or solar park with “thousands...
6 in 10 Small Businesses restricted by late payments
A new report from GoCardless, in partnership with the Federation of Small Businesses (FSB), has revealed an escalating late payments crisis threatening UK small businesses.A survey of over 2,000 small Business owners found that...
Scam Debt Collectors firm shut down by Authorities
Bristol based debt recovery business which didn’t hand over money is shut downAn Insolvency Service investigation found that Encore Capital Group Inc Ltd trading as Encore Debt Recovery failed to fully hand over the...
Businesses suffering from significant Late Payment delays
Latest data from Money.co.uk has found that on businesses are facing 47-day payment delays.The FSB has described late payments as one of the ‘biggest problems’ facing small businesses and with the Government announcing plans...
Trade Body calls on Government to improve its Debt Collection methods
In a new report, the Credit Services Association (CSA), the UK trade body for the debt collection and debt purchase sector, has called on the Government to improve its debt collection methods for collecting...
Late Payments identified as top cause of Cash Flow issues for SMEs
Late payments are the primary culprit for causing cash flow problems for businesses according to two fifths (41%) of UK small and medium-sized enterprises (SMEs) while making sure the bills are paid was an...
Company Insolvencies drop by 5% for the year 2024
Annual figures from the Insolvency Service have shown that there were 23,872 registered company insolvencies in England and Wales in 2024 a fall of 5.1% from 2023’s figure of 25,163.The company insolvencies comprised of...
Gin Company seen on Dragons Den, collapses with Business debts
Didsbury Gin was founded by best friends and gin lovers Liam Manton and Mark Smallwood in 2017, who according to the brand’s website, wanted to ‘take gin to the next level’.A year after founding...
Self Employed Tradespeople owed £3.5Bn in Late Payments
BILLIONS of pounds in late payments are owed to self employed tradespeople across the UK, according to new research from Ford Pro.The vehicle manufacturer’s research found delayed or missing payments to tradespeople was reported...
Famous Training College forced into Liquidation
An internationally recognised boatbuilding training college is set to close its doors in Suffolk for the final time as it heads into liquidation.The award-winning International Boatbuilding Training College (IBTC) has been based on the edge of The Broads...
