Consumers want New Government to act on Late Payments
Xero, the global small business platform, today announced the findings of its ‘Settle Up’ report, which found 62 per cent of UK consumers surveyed expect tackling late payments to be a priority for government.For...
Increase in UK Businesses filing for Administration
A total of 879 UK businesses filed for administration in the first six months of 2024 – a 42% and 16% increase compared to 2022 and 2023 respectively, according to analysis by full-service law...
Commercial Landlords struggling says new study
A new study from infinitSpace also found more than one-in-seven commercial landlords believe their buildings are at risk of closing by 2029, amid affordability and mounting debt concerns.From early in the first lockdown in...
Unpaid Architect Fees forces firm to close down
Well established Gareth Hoskins Architects has announced a shock decision to cease their UK operations as a result of unpaid architect fees.In a statement, the practice cited an 'outstanding six-figure debt' for precipitating the...
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...
