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...
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...
