New laws will see cap on Parking Debt Collectors Fees
The government has announced a list of new measures to curb excessive car parking fines including a cap on the fees that parking debt collection agencies charge.It is said that Millions of motorists are...
Construction industry fears rise for firms going bust
The construction industry is the latest sector to brace itself for a spike in Insolvencies. The ever increasing cost of labour and materials is adding weight to rising numbers of insolvencies. In addition, building...
7 Small Business Debt Collection telephone tips
With unpaid invoices stalling post-covid financial recovery for many small businesses, we have complied a list of 6 top small business debt collection tips. Tips for Small Business debt recovery can be of great...
Football Club racks up record debts of over £60m
Historic English Football club is reported to have racked up huge debts according to reports. Derby County's debts are said to be more than a staggering £60m according to reports via Sky Sports News.A...
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...
