Late Payments ‘Tsar’ to be appointed in 2017
Government Ministers have initiated a long awaited consultation on plans for a Late Payment 'Tsar'.The long overdue plans plans are set to aid small businesses by appointing a commissioner to tackle the ever present...
Insolvency levels rise for young women
Young Women in the UK represented the majority of insolvency cases the UK last year, according to research conducted by Insolvency firm Moore Stephens.In 2015, around 65% of personal insolvency cases for under 25s and 57% of...
FCA reveals firm with most complaints
The Financial Conduct Authority (FCA) has revealed figures that show Barclays Bank as the most complained about company in the UK. These figures relate to the first half of 2016.The FCA has released its...
Irish Water seeking Debt Collectors
The Irish government's National Water Utility has put out a tender to hire a Debt Collection Agency to collect unpaid charges.The tender requests proposals for the recovery of business debts. Dependant on Irish government...
Dodgy Haulage Boss punished for factoring scam
The Managing Director of a European Haulage Company has been heavily punished for his role in a cunning factoring scam.The Insolvency service mounted a huge investigation into the conduct of Malcolm Thorpe and his unethical business dealings....
Director banned after firm closes with £1.3m of debt
A Director has been handed a 6 year ban from being a Director after his company was forced to close amid masses of unpaid debts.Maurice Bridges was Managing Director of Electrical firm V.H McDevitt...
Top excuses for late payment of Business Debt revealed
A leading UK Business Debt Recovery firm have revealed the top 10 list of excuses for non payment as reported by their clients.The New Business Department at Federal Management conducted a survey amongst existing and new...
Judge orders Bailiffs to seize Lord’s goods
A Court Judge ruled on Friday that goods and assets belonging to Lord Maginnis should be seized and sold. It relates to a debt owing for an outstanding fine from two years ago.The former...
Bogus High Court Sheriffs rob pensioner of savings
Police in Sussex have warned Home owners to be on guard after the theft of hundreds of pounds from an elderly pensioner in Sussex, UK.Details have been released from Police regarding the crime which...
Huge rise in Financial frauds
Reports of a massive rise in monetary frauds has been revealed by the Financial Fraud UK (FF UK) which has compiled a report.FFUK said there has been a shocking 53% increase in frauds compared with the first...
