Almost three quarters of Scottish Businesses owed money
NEARLY three quarters (72 per cent) of small or medium enterprises (SMEs) across Scotland are currently waiting on late payments from customers, according to...
UK Business Insolvencies forecast to increase by 33%
Brexit combined with the coronavirus pandemic has created a double-edged sword for businesses in the UK. It is claimed that its full-scale impact is...
Late payment: Small Businesses must act now says Debt Collection Expert
UK's Small Businesses are under serious threat and must act now according to one industry expert. It has been reported that 440,000 Small Businesses...
Debt Collection firms welcome ban on Debt packager referral fees
Debt Collection firms have welcomed the news that the Financial Conduct Authority has completed a consultation on outlawing referral fees for debt packager firms....
7 Top Tips for Small Business Credit Control in 2022
One of the most tiresome aspects of running a Small Business in the UK is chasing unpaid invoices. Over 50% of small business owners...
International Debt hits record $226 Trillion
International debt rose to a record $226 trillion in 2020 as the world economy was blasted by the unrelenting Covid-19 pandemic. The pandemic caused...
Insolvency Industry regulation changes to be made
The Government has set out new proposals to reform and simplify regulation of the insolvency sector.The new consultation is inviting views on creating a...
Business Insolvencies hit highest level since Pandemic began
The Latest figures released from the Insolvency Service make stark reading. The figures show that the number of businesses in England and Wales that...
Energy giant probe into ‘aggressive’ debt collection tactics
An inside whistleblower who contracts to energy giant Scottish Power has claimed Call Agents are being told to threaten customers with Debt Collection enforcement.The...
Crackdown on rogue Directors who dissolve Companies to avoid Business Debts
The Insolvency service has been given new powers to challenge the conduct of dodgy directors who dissolves a Business to avoid paying their liabilities.These...
