Companies struggling with B2B Debt Collection
UK Companies are struggling with their B2B Debt Collection according to recent research. Over sixty one per cent of Businesses have failed to recover debts owed to them for a wide range of issues...
Insolvency Service continues to target Bounce Back loan abusers
The Insolvency Service has continued to target bounce back loan abusers in the UK. They have successfully secured restrictions against a gym operator and roofer after they falsely claimed bounce back loans for their...
Debt Collection quotes and what you should look for
Getting Debt Collection quotes is on the rise in the UK as is the use of debt collection agencies. The first Debt Collection quotes site in the UK was launched in 2013. Best4debtcollection.co.uk (Best4)...
Bank tells high street rivals to speed up paying suppliers
Well known UK banking organisation, TSB has called on its high street bank rivals Co-Operative Bank and Metro Bank to speed up supplier payments after it found the banks are among the worst culprits...
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...
