Construction sector sees shocking Insolvency rise
According to new figures released by Creditsafe, insolvency within the construction sector in the UK has increased by 73.3% for Q1 in 2018.After the unforeseen collapse of Carillion in Q1, not only were thousands...
Half of Small Businesses trading in the red
According to the latest Small Business Insights published by Xero, half of the small businesses in the UK are currently trading in the red.The data published shows that regardless of various government initiatives that...
Why late payments are affecting SME’s
Every business whether it be large or small is effected by late payments and with many businesses being part of a supply chain and transactions being interconnected, once a supplier is not paid, they...
Insolvency expert predicts increased failure of companies in the south
Mr Robert Bajaj, a consultant solicitor with regional law firm Ellis Jones predict a rise in business failures across the South.Speaking at an insolvency seminar in Southampton, Mr Bajaj highlighted a range of factors...
Calls For New Late Payment Legislation
A survey by the Institute of Directors (IoD) of SME’s across the UK revealed that of the 787 questioned, nearly half have suffered because of late payments during the past six months.
Of these figures,...
Steep rise in Scottish Business Insolvency
New official statistics reporting insolvencies in Scotland have been released by Accountant in Bankruptcy (AiB) for the fourth quarter (January to March 2018) of 2017/18.The statistics show that corporate insolvencies have increased from 846...
New CCJ Debt Collection Proposal Submitted
In a joint industry submission, the Government has proposed reforms that would allow high court enforcement officers and certificated enforcement agents to enforce small sum County Court Judgments (CCJ) and Consumer Credit Act judgments.The...
UK Business Debt rises by £580m
Unpaid UK Business Debt owing to firms across the country's core 11 sectors has increased by £580m more over the past three months compared with the last three months of 2017, according to latest figures...
1 in 8 of Scotland’s Businesses suffering from late payment
According to new suggestive research by insolvency and restructuring trade body ‘R3’, around one in eight companies within Scotland from Gretna to Stirling to Dundee are affected by late invoice payments.The R3’s regular Business...
Late Payment rife, even in Formula 1
Late Payment rife even in Formula 1With the government set to crack down on late payments, Creditsafe highlighted the worst offenders in the world of Formula 1.Following research from the Federation of Small Businesses...
