New FCA Chief warns of Small Business Debt Collection scrutiny
The new chief of the Financial Conduct Authority issued a warning to banks and commercial lenders this week. The warning shot was issued over the way that banks intend to treat small businesses when...
Anger at NHS Nurses being “hounded” by Bailiff firm
Frontline NHS nurses helping the fight against Coronavirus are being "hounded" by bailiffs for hospital car parking fees according to reports in the Daily Mirror.DCBL (Direct Collection Bailiffs Ltd) feature in Channel 5's bailiff...
Dubai jailed Brit targets Saudi Royal Family over unpaid debts
Prominent members of the Saudi Arabian royal family are being sued by British entrepreneur Gary Arnold. The Debt Recovery Action relates to their alleged failure to honour a deal that has left him facing...
Tennis Legend accused of ‘hiding’ Trophies from Debt Collectors
Tennis legend Boris Becker has appeared in court at Southwark Crown Court in London, accused of failing to hand over his trophies to help clear unpaid debts.Becker had been declared as bankrupt in 2017...
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...
