Half a Million UK firms in ‘significant distress’
Almost half a millions Businesses in the UK are in significant financial distress according to new research published by Insolvency firm Begbies Traynor.The red flag data produced by the Insolvency giants reveals that around...
Body Cameras to be compulsory for Private Debt Collectors
The Government has announced plans to make body worn cameras compulsive for all Private Debt Collection firms and Bailiffs to ensure compliance.The Ministry of Justice has announced the move for England and Wales to...
Bailiff Axe attacker avoids Jail
Two Bailiffs endured a horrific 25 minute 'terrifying' attack from a Debtor who attacked them with an Axe as well as threatening them with a chainsaw a court has heard.Johnathon Hepton aged 58 was...
SME’s fearful of chasing Unpaid Invoices
SME's are avoiding taking Debt Recovery action and chasing non payment a report has revealed. Small Business Commissioner Paul Uppal and Commercial Finance Lender Growth Street launched a collaborative survey, asking SME's about their...
Late Payment – The problem that won’t go away
With Brexit dominating the economic spectrum, Small businesses in the UK are under major cash flow pressure which in turn is leading to increased financial instability as a direct result of the Countries endemic...
MP’s report suggests new Business Late payment Laws
The Government should introduce a tougher regime to tackle larger companies who treat small businesses ‘disgracefully’ by enforcing long payment terms or paying their suppliers late, says the Business, Energy and Industrial Strategy (BEIS)...
Scrapped UK Debt Collection service cost Taxpayers £18m
The true cost of a new UK Debt Collection scheme that was scrapped in September, has been revealed following a freedom of information request from the Law Society Gazette.The MOJ initiative, which was to...
Nearly 50% of British Business Invoices overdue
British Business is continuing to suffer from a damaging late payment culture. Britain has a greater level of overdue invoices in comparison with Businesses across Western Europe compared to their counterparts across Western Europe.Research...
Huge Drop in Scottish Business Insolvencies
New data released by Accounting Giant KMPG has shown that Businesses in Scotland are adapting to tougher trading conditions despite the continuing Brexit scaremongering. The number of Large Companies becoming insolvent dropped by a...
Small Business Owners going without wages due to late payment
The UK's current late payment is hitting new levels as a new report has revealed 17% of Small Business owners are forgoing their wages to keep their Businesses going and pay staff on time.New...
