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...
Council plans to hire more Debt Collectors
A London council plans to hire more debt collectors to try and prevent it losing millions of pounds in revenue each year.
Harrow Council intends to hire Enforcement Agents and Debt Collectors to collect unpaid...
Unpaid Debt for £230 leads to 3m Scottish castle seizure
An Unpaid Debt for £230 dramatically paved the way for a majestic Scottish castle being seized by Scottish Sheriff Officers last week.
The Owners of the Scottish castle were after a battle over a £230...
25% of Small Businesses constantly chasing late payments
Cash flow and late payments are named as the biggest financial concerns for 22% of small business owners in the UK this year. One in four small businesses state that they are constantly chasing...
Ex Dragon’s Den star issued jail sentence for Unpaid Debt
The High Court in London has issued a suspended Jail sentence against a former on-line Dragons Den star.High profile American entrepreneur Julie Marie Meyer MBE appeared as a 'Dragon' in a online version of...
Debt Collection from Russia just got even harder
Collecting debt has always presented its own challenges for the UK's Debt Collection industry. With the current Ukraine conflict ongoing and widespread International condemnation, that challenge is getting even harder.Increasing economic sanctions and financial...
Scam Debt Collectors targeting the UK
A new wave of Scam debt collectors is targeting the UK's general public it emerged yesterday. Leading UK Debt Collection Agency Frontline Collections issued a warning to members of the public via their website....
