small business late payment costing SMEs £1.6bn

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...
football club fined due to unpaid invoices

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...
fresh air invoicing fraud rising

‘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...
council steps up debt recovery

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...
small business chasing late payments

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...
debt collectors in Liverpool instructed on 30,000 debts

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...
law firm manager stole from clients account

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...
british gas uses debt collection agency in error

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...
change in numbers of business insolvencies

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...
unpaid council tax debt level rises to £6bn

Unpaid Council Tax Debt hits £6bn pounds

Latest data published by the Department for Levelling Up, Housing and Communities (DLUHC) show unpaid council tax debt has reached a total of £6...