New Late Payment proposals to help SME’s ‘not enough’
Under new proposals being drawn up by the government, large companies could now face fines or court orders if they fail to pay their smaller suppliers on time.However, according to Know-it, a cloud-based credit...
Top Private Schools Association partners leading Debt Collection Agency
A top body for Private Schools has launched a new partnership with leading Debt Collection Agency Frontline Collections.In a statement on their website, the Independent Schools Association (ISA) has given Frontline Collections a 'Gold...
Unsustainable Business Debt estimated at £70bn
Businesses in the UK have stacked up around £70 billion worth of unsustainable debt says latest research. According to a new report from The City UK, Companies owe in excess of £70bn with more...
Unpaid Invoices affecting 54% of UK Businesses
As the United Kingdom continues to ease its Coronavirus restrictions, 54% of current actively trading Businesses are facing piles of unpaid invoices.The results from a survey by the Office of National Statistics make for...
Childcare Providers facing financial ruin
The UK's Childcare Industry is facing real issues post pandemic. The loss of income from parent-paid fees since March is meaning that many childcare providers are facing major financial challenges.A total loss of income...
Business Late Payments threatening Economy recovery
The latest research shows that the majority of Businesses (SME's) in the UK are being paid late as a result of the pandemic. This underhand business practice is threatening the recovery of the Economy...
Bailiffs allowed to return to Debt Collection duties
Local Authorities have been given the green light to send Bailiffs to collect outstanding debts. This follows a five month suspension due to the coronavirus pandemic.The use of Bailiffs had been suspended on the...
Company ‘strike offs’ to resume in October
As part of the return to 'normality', Companies House has announced that it will re-introduce the compulsory company strike-off process from 10th October 2020.
This is the process where Companies House strikes off Limited companies...
Number of Business CCJ’s drops by 30%
The number of County Court Judgments registered against businesses England and Wales has fallen by nearly 30 percent compared with last year. The first half of 2020 has seen a huge reduction compared to...
Large Companies still delaying payments to Suppliers
New research shows that there has been no real improvement in the speed at which Large companies are paying their suppliers. The research conducted by Accountancy firm Moore has shown that 41 days is...
