£2.5bn of debt could be written off as ‘unrecovered’
The Child Support Agency (CSA) folded in 2012 leaving debts of £3.7bn, with £2.5bn of that owed to approximately a million families across the UK.The Government is now claiming that the £2.5bn debt of...
Authority’s crackdown on ‘super hero’ Portuguese debt collectors
Portuguese Debt Collectors dressed as Superman, Zorro or the Pink Panther become a feature of life in Portugal over the recent years to individuals and businesses that owe money.Fancy costumed debt collectors, known as...
Most UK Businesses not paying bills within 30 days
According to new reports, most UK businesses are taking more than 30 days to pay their suppliers, with the average term reaching as high as 113 days. This is affecting many small companies cash...
Small Businesses struggling to deal with late payment increase
UK SME businesses survey found that over 80,000 Businesses are dealing with late payments.This is affecting all industry sectors, including nurseries, architects, removal companies and freelancers.The culture of late payment for SMEs is damaging...
British Man in Dubai Debt Collection hell
A British expat claims he has been left homeless and trapped in a Dubai Debt Collection hell following threats from local Debt Collectors.Jonathan Castle aged 59, made the move to Dubai in 2002 to...
Big increase in Business CCJ’s
There has been a sharp rise in the number of county court judgments (CCJs) registered against companies in England and Wales for the third quarter of 2017. Compared with the same period a year...
Labour Council vows to stop using Bailiffs
A Labour run Council in London has become the first local authority in the United Kingdom to stop using Bailiffs labelling it as a "medieval practice".Hammersmith and Fulham council has described the change in...
Late payment continues to ‘kill’ UK Businesses
Recent research shows that many UK Businesses are being forced to make staff redundant and often, do not have sufficient funds to pay salaries.The research highlighted the consequences of late invoice payments, with businesses...
Tabloid investigation targets Dodgy Debt Collection firms
UK's Scam Debt Collection Agencies are still a problem that continue to blight the industry but putting a spotlight on their unethical activities is the Daily Mirror.The Newspaper has recently run stories highlighting the...
Late payment costing SMEs more than £2bn a year in the UK
Small Businesses across the UK are feeling the pinch from late paying customers following the release of a report from Bacs.
The continuing practice of late payments is shrinking small and medium-sized businesses across the...
