Liquidators appointed as Cazoo officially winding up
Cazoo Group Ltd has announced that the company is officially winding up, following the company’s extraordinary general meeting yesterday (July 2).Shareholders approved resolutions for the company to be placed in voluntary winding up, the...
Election sheds light on each Parties plans to combat Late Payment
With tomorrow's election looming, promises have been made by Politicians on how they each plan to combat late payment.All the major political parties are making pledges to tackle late payments that hurt business growth...
Football Club handed fine due to Unpaid Invoices
Oxford United have been fined £3,500 and handed a suspended one-year transfer fee ban, as a result of the club accumulating 30 days or more of late payments in the 12-month period from 1 July...
‘Fresh Air Invoicing’ Fraud rising warns Insolvency Practitioner
An Insolvency practitioner for an accountancy firm has warned of a growing trend of 'fresh air invoicing'.Stephen Grant of Azets, an accountancy and advisory firm with offices in Poole and Blandford, announced rising instances of financially...
Director ordered to pay back £50m to pay Company Debts
Ex-BHS director Dominic Chappell has been ordered to pay £50m to cover company debts and losses the firm incurred before its collapse.
A High Court judge said Mr Chappell tried to “plunder the BHS Group...
Small Business Late Payment a growing issue for 1 in 5 SMEs
New research from Premium Credit has shown that late payment issues are easing for SMEs but still remain a concern.Its Insurance Index, which monitors insurance buying and how it is financed, found one in...
HMRC ‘sorry’ for Terminally ill Pensioner’s Debt Collectors threat
A pensioner who is terminally ill has been threatened with debt collectors by HMRC, after he didn't receive confirmation that he had paid the correct tax bill.HMRC has been accused of threatening a terminally...
Law Firm Manager stole £176k from Clients Account
A former Law Firm manager who transferred thousands of pounds from client accounts has said she was trying to stop the business from failing.Jacque Aitken, an Office Manager employed by Hampshire law firm Simpkins...
British Gas Apologises for Debt Collection Agency Error
British Gas has apologised after it told a customer it was sending his details to a debt collection agency for a £2,500 bill which the energy supplier had charged in error.
John Spink received a...
Business Insolvencies drop 6% in May
Latest figures from the Insolvency Service have shown that there were 2,006 business insolvencies in England & Wales in May 2024, a decrease of 6% when compared to April 2024 figures (2,144) and 21%...
