6 Tips for choosing a Debt Collection Agency
If you're running a Business and thinking of choosing a debt collection agency (DCA), it is essential you choose the right solution. As with any Business sector, not all debt collection agencies are equal.Maximum...
North East England Businesses facing late payment crisis
The scale of the SME late payment crisis facing North Eastern English firms has been highlighted by new reports. Latest figures show that North East based companies have almost 670,000 invoices on their books...
Spike in Debt Recovery action expected
A big spike in Debt Recovery action is expected following the end of temporary measures introduced by the government to help bolster Small Businesses during the pandemic.
The Government introduced the Corporate Insolvency and Governance...
New law introduced to solve Covid Commercial Rent arrears
Business Minister Paul Scully has announced the launch of a new law to help resolve remaining commercial rent debts accrued because of the pandemic.The ‘Commercial Rent (Coronavirus) Act 2022’ received Royal Assent means that...
Sporting legend sold trophies for £700k to clear debts
Trophies won by tennis sporting legend Boris Becker were auctioned off for £700,000 to pay debts off as part of his bankruptcy a court has been told.
Global Tennis star Boris Becker, 54 is accused...
Contractor late payment increases
UK contractor late payment has been increasing since the start of the covid-19 outbreak two years ago.More than two-thirds (65%) of contractors have experienced slower payments since the start of the pandemic, according to...
Business Insolvencies doubled in February
Insolvency figures released this week by the Insolvency service for February 2022 showed corporate insolvencies more than doubled compared to the same month last year (1515 in February 2022 and 685 in February 2021)....
Why Business Debt Recovery has a critical role to play
It will come as no shock that the main objective of any business is to make more money than it loses. Staying in the black is essential for the longevity of business but there...
Council that refuses to use Debt Collection Agencies writes off £1.5m of debt
More than 1.5m worth of unpaid debt by way of unpaid rent arrears is being written off. Bristol City Councillors agreed that its staff should 'give up' in trying to recover the unpaid debts...
Rogue Director gets 9 year ban for Covid loan lies
A rogue Company Director from Wolverhampton deliberately lied by exaggerating company turnover to secure a £50,000 bounce back loan.Inderjit Singh Dadial, aged 32 has been disqualified from being a Limited Company director for nine...
