Number of restaurants going bust increase by 20%
Research produced by Moore Stephens has shown that the number of restaurants going bust has increased by 20% in the past year.Stephens’s figures show that in 2016, 825 restaurants were listed as insolvent compared...
Increased Business Insolvencies Expected
As Brexit is fast approaching, increased Business Insolvencies are expected.According to Euler Hermes, insolvencies in the UK with rise by 8% in 2018 with importers and consumers affected by raising input costs and a...
Debt Collection Experts reveal Top SME Non payment excuses
With Industry Experts warning that Business insolvencies are expected to rise in 2018, Firms are being urged to adopt a more pro-active strategy to deal with the scourge of non paying customers.Dun & Bradstreet...
Insolvency warning issued for UK’s Clothing retailers
Warnings have been issued within the UK's textile and clothing industry as it has been revealed that 9% of clothing retailers are facing financial trouble..The latest research by Moore Stephens showed that out of...
Late payment is the silent assassin of UK Businesses
According to research from Bacs, more than 50,000 British small firms are closing every year, being owed £14.2bn in unpaid debt.Getting clients to pay and on time is proving difficult for many business owners...
Bailiffs are brought in to collect debt of £21M
Latest figures for Councils across the Black Country and Staffordshire revealed that over the past two and a half years they called in bailiffs to collect more than £21 million in debts.On an overwhelming...
Debt management directors banned after causing public distress
Following an in-depth investigation by the Insolvency Service, Stephen Anthony Wooley and Kevin John Dursley, Directors of a debt management business were banned.The investigation found that the two director’s actions caused distress to members...
Brit facing life sentence for unpaid cheques
Essentially life in prison in the UK or Europe is usually related to a serious violent crime, this is not the case in Qatar. British businessman Jonathan Nash was sentenced to 37 years in...
HMRC close in on Footballers and SMEs
HMRC are taking drastic action to cut down on the number of evasion and avoidance of tax payments, specifically closing in on Footballers and SME’s. The details came after two Manchester United players had...
Police Authority considers use of Professional Debt Collectors
After writing off invoices totalling nearly £800,000 last year, Police Scotland is looking in to the use of Professional Debt Collectors. The national force wrote off 1,332 invoices in 2016/17, including two “exceptional” write-offs...
