Authorities issue warning of Business Debt Collection scam
Cyber Police Action Fraud have warned Small Businesses and sole traders to be on guard against a new Debt Collection scam in which financial fraudsters claim to to be recovering debts on behalf of...
Slower growth for SME’s predicted
New research from Close Brothers revealed that with concerns over slower growth from the UK economy, as well as barriers that threaten to hold businesses back over the course of 2018, Britain’s small and...
Government eyes insolvency reforms
After the collapse of construction giant Carillion a consultation is being launched over planned action against “irresponsible” company directors, with the government planning insolvency reforms to give new powers to staff and suppliers affected...
Steep rise in Business CCJ’s
According to figures released today by Registry Trust, adverse County Court Judgements (CCJ's) are on the rise for Businesses in England and Wales for the first time in 8 years during 2017.Up to 105,633...
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...
