Dealing with Debt Collection in France
A Five Step Process to Recovering your Debts in FranceFrench debt collection agencies are particularly prevalent due to the country’s strong economic dependence on Small Businesses and Medium enterprises. Recovering business-to-business debts (B2B) takes...
Industry Experts reject ‘Insolvency tsunami’ claims
Forecasts predicting an impending “tsunami” of corporate insolvencies are alarmist, though the need for ongoing alertness remains, according to UK insolvency specialists.Government support measures have allowed insolvency levels to remain stable amid the pandemic, but recent...
UK sees worrying surge in Business insolvencies
Latest quarterly figures from the Insolvency Service have indicated that business insolvency numbers across England & Wales were 31% higher than in Q1 2021 and 4% higher than in Q2 2020.There were 3,116 seasonally...
Small Business Unpaid Invoices creating a struggle for many
Small business owners have been coping with unpaid invoices and inadequate accounting during the pandemic and needed to cover expenses by selling family heirlooms and other valuables.A survey released Tuesday by Wave, an H&R...
Banks hire 100’s of Debt Collection Agents ahead of Covid Loan repayments
The UK's leading High Street banks are strengthening their Debt Collection teams ahead of the emergency covid loan defaults.The UK's four largest banks are said to have hired over 750 new Debt Collection staff...
SME’s owed 21k on average due to late payments
New data from Intuit QuickBooks has highlighted the burden of late payments on already financially stretched small and medium-sized businesses (SMBs) with the average amount figure owed being £21,373. The figure represents more than...
Pandemic is forcing Companies into Late Payment clampdown
The changing face of late payment has lead to nearly half of companies saying that they were lucky to have survived 2020. This is according to new research by Intrum.The research as part of...
No Insolvency Action till end of September
The Government has announced the extension of temporary insolvency measures which includes the restrictions on issuing of winding up petitions and statutory demands.The change to the regulations will mean restrictions on statutory demands and...
Shock as Government extends Commercial Eviction ban
The Government has announced that a ban on landlords evicting firms for unpaid commercial rent is being extended for another nine months.The ban, which stops landlords from taking tenants to court for non-payment, was...
Director banned for taking money from Company with Unpaid CCJ’s
The sole Director of a broker Company based in Hampshire has been banned as a Company Director.Kathleen Shepherd from Southampton was the only Director for Shepherd Site Services Limited. The company acted as a...
