Council creates new Debt Collection service
A new debt collection service has been launched by Barking & Dagenham Council. The Debt Collection service has been launched to reduce the need for enforcement action.The new debt collection agency will be known...
48% of Businesses see increase in late payments
New data captured has shown that 48% of Businesses have seen an increase in late payment. Clear evidence that the pandemic is fuelling a continual problem that blights trade.The New data supplied from cloud-based...
60% of Private Landlords owed rent arrears
Data from the National Residential Landlords Association has revealed that a massive 60% of Private Landlords are owed money due to rent arrears.Roughly 840,000 tenants in the Uk have fallen into arrears according to...
Dodgy Company Directors disqualified by Insolvency service
Two rogue property directors who abused millions of investor funds and a scaffolder who disposed of assets prior to bankruptcy have been banned by the Insolvency Service.Sanjiv Varma (57) and Jonathan England (48), both directors of property...
HMRC facing £65bn Debt Collection challenge
The HMRC is now facing its biggest debt collection challenge in history. Debt owed to the HMRC from UK Businesses and tax payers has now trebled to reach £65.5bn from £19.3bn in 2019.An estimated...
New clampdown on rogue car parking firms
Private Parking firms are facing a government clampdown on rogue practices. Parking companies will be banned from issuing fines for minor misdemeanours such as entering registration plates wrong.Parking companies will also be forced to...
Small Businesses in ‘distress’ number triples
New data released by Accountancy firm Mazars has shown a worrying rise in the amount of UK Small Businesses in financial distress. Over 135,000 Companies were shown to be suffering from financial strain this...
New Small Business Commissioner urged to tackle late payments
Uk Sole traders group IPSE has called upon the new Small Business Commissioner Liz Barclay to take a tougher approach to late payments. IPSE has claimed the issue has become worse during the covid-19...
Public rallies to save Debt ridden Railway
News that the popular Welsh Llangollen railway has had to call in the receivers has been met with a wave of public support since it was announced. The North Wales tourist attraction had been...
Debt Collection notices helped reveal Employee’s £1.7m scam
When Company Bosses at a Scunthorpe based Business started receiving Commercial Debt Collection Agency letters alarm bells rang. Shortly after they found that one of their employees was stealing from the business on a...
