630,000 UK Companies facing Insolvency
Around 630,000 businesses were experiencing significant financial distress in the last quarter of 2020, ahead of the current lockdown, according to research by the restructuring firm Begbies Traynor.The latest research for Q4 2020 recorded...
Millions of pounds going unpaid in rent arrears
is is now estimated that over Half a million private renters in the UK are behind on their rent. This information is according to new analysis by Citizens Advice.With a temporary ban on evictions...
Watchdog asks for help with Debt Collection guidance
The Financial conduct authority has asked banks, lenders and debt collectors for advice on how to deal with the fall out from emergency Covid-19 loans given out during the pandemic.The FCA is preparing new...
Top Legal firm warns of Insolvency tsunami
A Top 100 Law firm has warned of a possible tidal wave of insolvencies in Spring 2021 which risks paralysing the UK's courts system.Manchester based JMW Solicitor's analysis shows that corporate insolvencies are down...
HMRC spent £84m on Debt Collection over three year period
Recent reports have revealed that the HMRC has spent more than £84m on using Private Debt Collectors in the three tax years up to 2019-2020.When tax bills go unpaid, the HMRC has the option...
One Million Self Employed pushed into debt due to Covid late payments
Over a million self employed freelancers have gone into debt since the pandemic began due to late payment. This startling revelation was detailed in a report released by the IPSE (The association of independent...
Sheffield Council accidently sends 1,600 Debt Collection letters
A council mistakenly sent more than 1,600 "alarming" debt collection letters to allotment holders.Sheffield Council said the error happened because it employed a debt recovery agency to help with a backlog of fines on...
Why No Win No Fee Debt Collection could cost too much
We are all familiar with the term No win no fee debt collection or free debt collection but what is the real story here. Seemingly free debt collection services are not always the way...
B2B Payments taking Covid hit on a global scale
Delayed payments continue to plague suppliers, particularly Small Businesses, and unfortunately, the global pandemic has only worsened this pain point. This week's B2B Data Digest looks at the latest stats in the fight against...
1 in 6 invoices being paid late according to survey
1 in 6 Small Business invoices is being paid late according to latest findings in a report conducted by a Business banking company across the UK.
'Tide' commissioned YouGov to survey small business decision makers,...
