Residential Debt Collection Visits set to resume
Debt Collection enforcement visits to residential properties in the UK have been given the green light to resume from the 24th August.The news has been welcomed by High Court Enforcement Officers Association (HCEOA) It...
9 out of 10 UK Businesses owed nearly £150k on average
UK businesses are returning to work this month with some trepidation, according to fintech business lender MarketFinance. The company’s latest research indicates that nine in ten businesses are waiting to be paid an average...
MP’s lobby Government for new Debt Collection Laws
A mixed party collaboration of MP's has written to the Chancellor requesting new legislative measures to reform the government's debt collection practices.The 50 strong group of MP's is urging chancellor Rishi Sunak to support...
7 out of 10 Businesses negatively affected by Coronavirus
Businesses are facing significant difficulties in the face of the coronavirus pandemic and are pessimistic about their growth once the crisis passes, according to a survey commissioned by UK Finance and undertaken by BVA...
Small Businesses face up to backlog of Unpaid Invoices
A Commercial 'Credit Crunch' is predicted as the UK's Small Business community are facing up to increasing Unpaid Invoices. Research by Business Funding Experts Iwoca has found that 40% of Small Businesses are facing...
£4m Dubai Debt upheld by English Court
An English Court has ordered an ex-Football Club boss to repay a Debt order issued by a Dubai Court.The Court ruling made in Dubai ordered David Haigh to re-pay millions of pounds in cash...
Emergency Insolvency reforms introduced
The Government has introduced the Corporate Governance and Insolvency Bill in Parliament, which will put in place a series of measures to amend insolvency and company law to support business and to address the...
Seven Staff confirmed with Covid-19 at Debt Collection firm
Seven staff at a Debt Collection Call Centre in Lancashire have tested positive for Covid-19 after employees were ordered to return to work.Preston based Debt Collection firm Akinika had originally closed its doors on...
Details released of Emergency Covid-19 Insolvency and Debt Recovery reforms
The Business Secretary Alok Sharma will be given new powers to help company directors during the current pandemic. This will enable him to extend deadlines for company filings amongst other new measures.The majority of...
23% Increase in Unpaid Business Invoices
The number of unpaid UK business invoices has increased by 23% according to new tracker by AI platform provider, Sidetrade.Sidetrade’s tracker is based on a statistical analysis of 26 million invoices, representing €54bn of...
