LATEST ARTICLES

company insolvency companies rise in the UK

Company Insolvencies drop by 5% for the year 2024

Annual figures from the Insolvency Service have shown that there were 23,872 registered company insolvencies in England and Wales in 2024 a fall of...
Gin Company featured on Dragons den collapses

Gin Company seen on Dragons Den, collapses with Business debts

Didsbury Gin was founded by best friends and gin lovers Liam Manton and Mark Smallwood in 2017, who according to the brand’s website, wanted...
rise in tradespeople and self employed chasing debts and late payments

Self Employed Tradespeople owed £3.5Bn in Late Payments

BILLIONS of pounds in late payments are owed to self employed tradespeople across the UK, according to new research from Ford Pro. The vehicle manufacturer’s...
training college forced into liquidation

Famous Training College forced into Liquidation

An internationally recognised boatbuilding training college is set to close its doors in Suffolk for the final time as it heads into liquidation. The award-winning International Boatbuilding Training...
commercial late payment to be tackled by government

Commercial Late Payment to be tackled by Government’s Fair Payment Code

The Government has announced the launch of a new Fair Payment Code aimed at tackling late payments, with research showing that SMEs are on average...
businesses in financial distress

Number of Insolvent Businesses decreases by 10%

Latest figures from the Insolvency Service have shown that the number of business insolvencies in England and Wales was 1,747 in October 2024, 10% lower...
debt collectors to be hired by council

Council To Review £20m Debt Recovery Headache

Dudley Council is chasing an eye-watering £20m in unpaid debts owed for more than three months despite battling a financial black hole. The authority is...
rise in logistics company insolvencies

Large rise in Logistics Company Insolvencies

Research by Forvis Mazars has found that insolvencies of logistics companies’ have risen 14% in the past year, from 464 in 2022/23 to 530...
welsh businesses overdue invoices

Welsh Businesses seeing rise in Overdue Invoices

The number of Welsh companies with overdue invoices on their books reached a 2024 high in September, according to new research from R3, the...
London Bailiffs and debt collection visits

6% of Debt Collection visits breaching National Standards

New research has shown that debt collectors are breaching national standards in 6% of visits to individuals facing enforcement. The study into doorstep interactions in...