HMRC seized assets from nearly 2,000 SME’s
More than 1,953 businesses had their assets seized from HMRC in 2016/17 demonstrating that the HMRC are using more aggressive methods to obtain unpaid tax. According to Funding Options, the online business finance supermarket,...
Police issue warning of Debt Collection fraud scam
Police in South Yorkshire have seen a rise in the number of debt fraud scam phone calls. Following a surge in reports, Police have warned members of the public to be on guard against...
Hardest places in the world to collect debts
According to new research from Euler Hermes, Saudi Arabia and the United Arab Emirates ranked the hardest places in the world to collect unpaid debts.The results from the trade credit insurer who analyse debt...
2018 Top Tips for Business Credit Control
It’s a brand new year and time to create a fitter business for 2018. One of your main goals for your business whether it is large or small, should be credit control.Effective credit control...
Rise of Business insolvencies expected in 2018
New statistics were released by The Insolvency Service on business insolvencies. These statistics demonstrate:• Company insolvencies increased in the last Quarter of 2017 because of a bulk insolvency event, but the underlying number...
UK Businesses Late Payment ‘Double Standards’
Studies have found that a number of businesses in the UK with regards to late payments are working under double standards.Companies who are insisting payments on time from their customers are not committing to...
Insolvency figures continue to fall for Scottish Businesses
According to the latest figures from Accountant in Bankruptcy (AIB), the number of Scottish businesses that are going in to administration is continuing to fall with corporate insolvencies down by 3.8%.Statistics showed that corporate...
British Businesses facing liquidation hits a four-year high
With one in every 213 companies falling in to liquidation last year, British businesses bankruptcy has hit a four year high.Official figures which were published on Friday demonstrated an increase of 4.2pc since last...
Insolvency Expert frustrated at lack of Director Disqualifications
A leading UK insolvency expert has expressed her frustrations at the low number of directors facing disqualification, suggesting there is a lack of resources at the Insolvency Service.Julie Palmer, regional managing partner at insolvency...
Survey claims SME’s owed £63k on average
New research conducted by Commercial Data specialists Dun & Bradstreet has highlighted that the UK's late payment culture is continuing to have an are having an adverse affect on British Business.
The research also revealed that...
