Welsh Businesses seeing rise in Overdue Invoices
The number of Welsh companies with overdue invoices on their books reached a 2024 high in September, according to new research from R3, the UK’s insolvency and restructuring trade body.Analysis of data provided by...
6% of Debt Collection visits breaching National Standards
New research has shown that debt collectors are breaching national standards in 6% of visits to individuals facing enforcement.The study into doorstep interactions in civil enforcement - published by the Enforcement Conduct Board (ECB)...
Small Business Bad debt increases by 127%
The value of bad debt suffered by small businesses has surged by a staggering 127 per cent in the last six months, according to a report by SME funder, Bibby Financial Services (BFS).According to...
Self Employed Tradespeople chasing debts of £6k on average
New research by Direct Line has found that the average self-employed tradesperson is chasing £6,000 in late payments.The data has shown that 81 per cent of tradespeople are chasing late payments, with the average...
Government slammed over plans that will fuel Private Rent Arrears
Government Ministers are being urged to do more to prevent tenants building up private rent arrears, not allow them to get bigger as currently planned.The call comes as the government’s Renters’ Rights Bill proposes...
Map shows where Bailiffs in London are most used to collect debts
The London Borough of Croydon sends out the highest number of bailiffs in all of England and Wales to collect debts, according to a new interactive map. It sent out the most bailiffs for...
Law firm ‘disappears’ owing £37.5m to Creditors
The administrators of a collapsed Liverpool law firm have admitted they do not know if creditors will receive a return, amid ongoing uncertainty over exactly how the business came to grief.Joint administrators from Quantuma...
City Council owed £229m in Unpaid Debt
Bristol City Council is owed £229m in unpaid debt, included nearly £52m of council tax it has failed to collect.
However unpaid invoices account for much of the debt - £88.6m - and £30.9m of...
Authorities issue Scam Invoices warning
The Intellectual Property Office (IPO) has issued a fresh warning to customers to beware of misleading requests for payments, sent by unsolicited organisations. These typically take the form of invoices requesting payment for trade marks,...
Londons lettings market being plagued by Rogue Tenants
London estate and lettings agent Benham and Reeves has uncovered a growing wave of fraudulent activity with rogue tenants targeting landlords in the capital. With forged IDs, doctored documents, and undeclared financial issues becoming increasingly...
