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...
£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...
