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...
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...
