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...
Credit Rating Agency fined £500k by ICO
One of the Leading UK Credit Referencing Agencies, Equifax, has been hit with a whopping £500,000 fine following its failure to protect the personal data of up to 15 million UK individuals.Equifax were targeted...
Debt Collection Agency under Doctors orders
A Debt Collection Agency in the UK has announced its intention to focus purely on their Medical Collections service following a successful trial period.P&J Services of Hemel Hempstead, launched their specialised Medical Collections service...
Sharp rise in Company Liquidations
Recent data released by Business Credit specialists Dun & Bradstreet has revealed that the amount of Companies entering liquidation has risen steeply for the years second quarter compared with statistics for 2017.Dun & Bradstreet's...
Scottish Business sees surge in Judgment Debts
The number of Scottish Business Debt decrees registered has seen a sharp rise for the first half of 2018. according to latest Business figures.
The figures released by the Registry Trust show that there were...
SME’s still owed Billions in Late Payments
Thousands of Small businesses in the UK are still chasing a massive £14.9 billion owed in late or overdue payments. These unpaid invoices are as a result of goods and/or services that have been...
£2.8bn of Bad Debt written off by Small Business & Sub Contractors
Small Businesses and sub contractors wrote off a whopping £2.8bn last year in the construction sector according to Bibby Financial services.In its 'Subcontracting Growth' which surveyed 250 Small Businesses and Sub Contractors, it found...
