FCA to take action against Businesses abusing Insolvency Laws
Businesses using company or insolvency laws to mitigate their liabilities have been warned they could face 'assertive action'. Anything unethical which unfairly benefits Businesses at the expense of their customers could face investigation by...
Almost three quarters of Scottish Businesses owed money
NEARLY three quarters (72 per cent) of small or medium enterprises (SMEs) across Scotland are currently waiting on late payments from customers, according to new research from Barclays surveying 500 UK small business owners....
UK Business Insolvencies forecast to increase by 33%
Brexit combined with the coronavirus pandemic has created a double-edged sword for businesses in the UK. It is claimed that its full-scale impact is yet to be fully realised with Economists from Atradius suggesting...
Late payment: Small Businesses must act now says Debt Collection Expert
UK's Small Businesses are under serious threat and must act now according to one industry expert. It has been reported that 440,000 Small Businesses in the UK could be forced out of Business by...
Debt Collection firms welcome ban on Debt packager referral fees
Debt Collection firms have welcomed the news that the Financial Conduct Authority has completed a consultation on outlawing referral fees for debt packager firms. The news that a ban is likely to be introduced...
7 Top Tips for Small Business Credit Control in 2022
One of the most tiresome aspects of running a Small Business in the UK is chasing unpaid invoices. Over 50% of small business owners have reported that it costs them time and money trying...
International Debt hits record $226 Trillion
International debt rose to a record $226 trillion in 2020 as the world economy was blasted by the unrelenting Covid-19 pandemic. The pandemic caused massive economic waves around the world and is responsible for...
Insolvency Industry regulation changes to be made
The Government has set out new proposals to reform and simplify regulation of the insolvency sector.The new consultation is inviting views on creating a single regulator for Insolvency Practitioners and extending regulation to firms...
Business Insolvencies hit highest level since Pandemic began
The Latest figures released from the Insolvency Service make stark reading. The figures show that the number of businesses in England and Wales that have collapsed due to insolvency rose by 18.7% in November...
Energy giant probe into ‘aggressive’ debt collection tactics
An inside whistleblower who contracts to energy giant Scottish Power has claimed Call Agents are being told to threaten customers with Debt Collection enforcement.The man is purported to be an employee from a company...
