Debt collection agencies news

• District council writes off £1.35m of uncollectable debt

  07-09-2023 12:51 via ukdcnews.co.uk
  
  A small district council in Lincolnshire has written off £1.35m deemed as ‘uncollectable’ by officials.
  South Holland District Council (SHDC) took the steps after debt collection efforts failed results in debts not being paid.
  The uncollectable debt relates to a number of different financial matters – including council tax, business rates, sundry debts and overpayment of housing benefit. These events are spread out over a 15-year period.
  As the authority collects debt on
  
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• Major contractors admit 20% of Invoices are paid late

  04-09-2023 09:06 via ukdcnews.co.uk
  
  A swathe of major contractors are still failing to pay invoices on time, according to their own payment data.
  Build UK has compiled fresh payment-performance data on a range of tier one and specialist contractors, as well as clients, that have filed the information under the government’s Duty to Report on Payment Practices and Performance.
  Of the companies included on the list, 49 out of 123 said they paid at least a fifth of their invoices late. The data shows contractors are routinely fa
  
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• E-Bike manufacturer goes into liquidation

  03-08-2023 14:36 via ukdcnews.co.uk
  
  Amsterdam-based VanMoof, an e-bike manufacturer, has gone into liquidation in the UK. The Dutch company confirmed through an email to its customers that the company is undergoing a Creditors’ Voluntary Liquidation.
  The message, signed by The VanMoof team, acknowledges the uncertain times for its customers and states that they are currently working on finding the best way forward for e-bikes locked in its Battersea store, which was repossessed by the landlord last week, reports Si
  
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• Number of Businesses closing continues to increase in 2023

  02-08-2023 09:16 via ukdcnews.co.uk
  
  Number of Businesses closing is on the rise
  The number of businesses closing saw a further increase in the second quarter of 2023 (Q2). The rate of business insolvencies is now at its highest rate since 2009 according to latest statistics.
  These new figures are “highly concerning” says John Cullen, business recovery partner at Menzies LLP.  
  Released by the UK government on July 28, insolvency statistics showed there were 6,342 recorded company insolvencies in Q2. This ref
  
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• UK Exporters braced for non-payment rise from overseas customers

  29-07-2023 10:35 via ukdcnews.co.uk
  
  The number of UK exporters anticipating an increase in the risk of non-payment has risen from 27% to 43% year on year, according to a survey conducted by credit insurer Allianz Trade.
  An increased perception of non-payment risk emerged across all the countries surveyed – France, Germany, Italy, Spain, Poland, the UK and the US – but the jump was highest in the UK and Germany.
  Compared to the underwriter’s early 2022 survey, conducted before the outbreak of war in Ukraine, the s
  
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• Home care providers facing collapse due to unpaid invoices

  28-07-2023 09:05 via ukdcnews.co.uk
  
  1 in 5 Home care providers facing collapse
  Dozens of home care companies in England fear collapse because invoices are going unpaid by councils and the NHS.Hundreds of millions of pounds in unpaid bills are threatening parts of a care industry already stretched by a recruitment crisis and rising wages, according to research by the Institute of Health and Social Care Management (IHSCM).
  One company, which has 60 care workers, said it had stopped working with the council o
  
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• New Small Business jobs being held back by late payments

  27-07-2023 12:15 via ukdcnews.co.uk
  
  An improvement in Small Business jobs and sales growth across UK small businesses in June has been largely offset by increasing late payments and a slowdown in wages growth, according to the latest data from global small business platform Xero.
  Xero’s Small Business Index, based on anonymised and aggregated data from hundreds of thousands of small businesses, rose three points across May and June, recovering slightly after falling by 11 points in April.After 14 months of year-on-year (y/y)
  
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• Debt Collection SMS Text Scam warning

  12-07-2023 12:13 via ukdcnews.co.uk
  
  Overseas scammers are back at work attempting to scam UK citizens. It is the latest attempt by criminals to target unsuspecting members of the public.
  The same criminal gangs are thought to be behind the scam text messages sent out claiming to be from HMRC and major High street banks.
  Mobile phone users have been warned to be on guard from receiving text messages purporting to be from Frontline Collections. These are the latest actions in increasing debt collection scam activities.
  Debt Collecti
  
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• 5 restaurants closing every day

  06-07-2023 08:57 via ukdcnews.co.uk
  
  The latest research analysis by Price Bailey (Accountancy firm) shows that restaurants closing is at its highest rate in a decade for the first three months of the year.
  A total of 569 restaurant businesses filed for insolvency in the first quarter of 2023, an average of 5.6 per day.
  The Quarter 1 data shows that over the last 12 months, 2,028 restaurants have closed. The report notes that 1,303 restaurants closed in 2021, an average of 3.1 per day.
  Situation set to get worse
  Price Bailey says t
  
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• Number of Insolvent Businesses hits record high

  26-06-2023 17:48 via ukdcnews.co.uk
  
  The number of insolvent businesses in England and Wales last month rose by 40 per cent year-on-year to the highest level since monthly records began in January 2019.
  Data from the Insolvency Service yesterday showed that 2,552 companies were declared insolvent last month, overwhelmingly through creditors’ voluntary liquidations, in which a company’s directors agree to wind up the business without a formal court order.
  Increase in compulsory liquidations
  However, the government agency
  
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• London Tenant Evictions halted over Bailiff safety fears

  14-06-2023 12:08 via ukdcnews.co.uk
  
  London landlords face prolonged delays in the eviction process as bailiff operations are suspended indefinitely due to unspecified ‘health and safety reasons’.
  This move is reportedly causing an immediate and significant impact on evictions, with one bailiff reporting an 80% decrease in their workload.
  The understanding is that the safety concerns arise from the need for bailiffs to be accompanied by additional personnel while attending properties, to ensure their safety. This requir
  
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• Government ban on No Fault Evictions

  18-05-2023 12:32 via ukdcnews.co.uk
  
  The Government has announced new private rented sector reforms.The Renters’ (Reform) Bill, introduced to Parliament will abolish section 21 no fault evictions which will empower renters to challenge poor landlords without fear of losing their home.
  The new Bill also protects over two million landlords, making it easier for them to recover properties when they need to – so they can sell their property if they want to, move in a close family member, or when tenants wilfully do not pay
  
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• Man sentenced for smashing up Debt Collector’s van

  10-05-2023 09:33 via ukdcnews.co.uk
  
  A man who smashed up a debt collector’s van and threatened staff when they came to his property has been given a community order.
  Stuart O’Connor, 42 and of Oswestry, pleaded guilty to two offences of criminal damage under £5,000 and using threatening/abusive words and behaviour when he appeared at Telford Magistrates’ Court yesterday.
  He admitted that when Lee Tetlow and Jonathon Wilkinson, debt collectors with XL Civil Enforcement Group, came to his property on April 12
  
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• Number of CCJs rises in the UK by nearly 15% in 2023 Q1

  03-05-2023 10:41 via ukdcnews.co.uk
  
  The total number of judgments registered in the British Isles in Q1 2023 was 262,941. Compared to same period last year, the total number of judgments in this quarter increased by 14.21%. The total number of ‘satisfied’ (or fully paid) judgments in this quarter was 48,962, which represents a year-on-year increase of 9.65%.
  97.43% of all judgments processed were from the England and Wales jurisdiction.
  The total value of judgments across all jur
  
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• Number of CCJs rises in the UK by 15% in 2023 Q1

  03-05-2023 10:41 via ukdcnews.co.uk
  
  The total number of judgments registered in the British Isles in Q1 2023 was 262,941. Compared to same period last year, the total number of judgments in this quarter increased by 14.21%. The total number of ‘satisfied’ (or fully paid) judgments in this quarter was 48,962, which represents a year-on-year increase of 9.65%.
  97.43% of all judgments processed were from the England and Wales jurisdiction.
  The total value of judgments across all jur
  
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• Late payment increase sees pressure grow on suppliers

  27-04-2023 08:39 via ukdcnews.co.uk
  
  Businesses may struggle to access credit as operating costs hit their highest levels since 2008 due to late payment increase, a leading insurer has warned.
  Companies slower in making payments
  Credit is set to become more expensive and in shorter supply as companies become slower in making payments, according to Allianz, one of the world’s biggest insurance companies.
  Its analysts warned that suppliers increasingly were operating as de facto banks to their clients, which raised liquidity ri
  
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• Renewable Energy Company enters liquidation with huge debts

  25-04-2023 11:03 via ukdcnews.co.uk
  
  RENEWABLE energy company Daylight Energy has entered liquidation. It has gone bust owing millions and leaving customers thousands of pounds out of pocket.
  Latest energy company to hit problems
  Customers of Poole-based Daylight Energy say they have lost large sums of money in deposit payments after the company “disappeared” without any communication.
  According to documentation seen by the Daily Echo, Daylight Energy is set to appoint insolvency practitioners Verulam Advisory as joint
  
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• Over 75% of SMEs have cashflow worries says new data

  24-04-2023 09:44 via ukdcnews.co.uk
  
  Latest data from Time Finance has uncovered the true impact of late payments for SMEs with 75% of UK businesses worrying about cashflow as a direct result of overdue invoices from their customers.
  In a recent survey into the worsening challenge of late payments, Time Finance found that chasing payments was damaging customer relationships for 17% of businesses, while 8% said the lack of essential working capital meant they were unable to afford key investments.
  More Customers paying late
  With the
  
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• Charity accuses London Bailiffs firm of ‘dressing up as police’

  21-04-2023 10:48 via ukdcnews.co.uk
  
  A London bailiffs company has hit back at a claim its enforcement officers are deliberately dressed to look like police to scare people into complying with their requests, saying at no point have they ever claimed to be law enforcement.
  After an article accused S&K Enforcement of dressing up like police to intimidate tenants out of their homes during the course of their work to enforce evictions, the firm pointed out that its officers used and wore similar equipment to police officers,
  
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• Homes under the Hammer Presenters’ firm collapses with Debts of £3m

  14-04-2023 11:43 via ukdcnews.co.uk
  
  A company fronted by Homes Under The Hammer presenter Martin Roberts has gone into administration with around £3m of debts.
  Filing on Companies House shows that an administrator was appointed yesterday for Asset Academy, which has laid off all its staff.
  Customers could lose money
  The Mirror reports that a number of potential customers could lose money after they paid out cash and got nothing in return.
  Roberts, 59, and his wife Kirsty had shares in the firm which offered training sessions
  
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• Winter saw over 1.2 million overdue invoices in Scotland

  13-04-2023 14:20 via ukdcnews.co.uk
  
  Scottish Businesses had over 1.2 million overdue invoices on their books this winter.
  Insolvency and restructuring trade body R3 analysed data from Creditsafe, revealing that 416,856 were due in December, 400,272 in January and 414,575 in February.Scotland saw the biggest month-on-month increase in late payments between January and February in the UK, with numbers rising by 3.6%.
  More than 94,000 Scottish businesses reported that they had overdue invoices on their books this winter – a fig
  
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• Retail suppliers late payment worsening

  11-04-2023 09:59 via ukdcnews.co.uk
  
  Small businesses supplying the automotive, retail industry and manufacturing sectors face the longest-ever wait for payment from some of the UK’s largest companies, according to Good Business Pays.
  Supplier late payment worsening for some
  Good Business Pays, which campaigns to stamp out bad payment practice and poor payment culture, analysed payment data that shows that the average number of days taken to pay suppliers has risen between February 2022 and February 2023.
  In the retail sector
  
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• School Meal debts to be cancelled by City Council

  06-04-2023 11:19 via ukdcnews.co.uk
  
  Glasgow City Council has unanimously voted in favour of scrapping school meal debts in the city’s schools.
  It is hoped the measure will help families who are struggling with the cost of living crisis.
  The move, which will cost an estimated £300,000, will be covered by council reserves.
  Education convener Christina Cannon said there was evidence many children were going hungry as families struggled with cost of living pressures.
  Ms Cannon said the move would be especially helpful for
  
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• Council forced to write off £7.2m of uncollected debt

  05-04-2023 12:07 via ukdcnews.co.uk
  
  Newham Council has been forced to write off over £7.2million in Penalty Charge Notice (PCN) debt this week as bailiffs have been unable to trace drivers due to them moving elsewhere or no longer living at their address. Since 2021, the council has written off a total of £55.64m relating to parking debt between 2014/15 and 2021/22.
  Speaking at Tuesday’s cabinet meeting (April 4), deputy mayor and cabinet member for environment and sustainable transport, James Asser said: “
  
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• Netflix Drama star linked to alleged Debt Collection scam

  04-04-2023 14:05 via ukdcnews.co.uk
  
  A COMPANY linked to an Outlander star has been accused of stealing tens of thousands of pounds from desperate firms in a debt collection scam, The Scottish Sun can reveal.
  Actor Paul Donnelly – who plays Ronnie Sinclair in seasons five and six of the hit period drama alongside Sam Heughan – quit as director of under-fire Vanguard Partners after it allegedly recovered the cash then kept it.
  Several businesses across the UK claim they have been put through financial hell and
  
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• Luxury Car retailer in liquidation with debts of £1.14m

  29-03-2023 10:45 via ukdcnews.co.uk
  
  Liquidators have listed 61 creditors owed a combined total of £1.14m after luxury car retailer Autovogue slipped into liquidation this month.
  Documents filed with Companies House yesterday (March 26) showed that BCA Partner Finance was the main creditor of Staffordshire-based Autovogue, which ceased trading in February – leaving a trail of dissatisfied customers.
  Huge Business Debts
  The stock funding provider is owed over £635,000 and appears in a list alongside firms including
  
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• Bailiff shortage and Court errors costing landlords up to £20k

  28-03-2023 14:51 via ukdcnews.co.uk
  
  Pressure on our legal system is causing unacceptable delays when landlords seek resolution through the courts for tenancy issues.
  That’s according to property rental service provider LegalforLandlords, whose staff have collated a list of issues they believe show landlords are expected simply to ‘grin and bear it.’
  Examples cited vary in their severity, but one factor, in particular, is causing concern.
  When the courts make an error, the resulting financial burden falls back on
  
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• HMRC hiring Private Debt Collection firms to collect overpayments

  27-03-2023 17:23 via ukdcnews.co.uk
  
  Private Debt Collection firms being hired
  The HMRC is hiring private debt collection firms to recover owed monies from universal credit claimants.  Debt Collectors are being hired to chase overpayments from universal credit claimants. The government wants to reclaim the money, some of which goes back ten years.
  According to a Sky News report, the government is cutting benefits to over one million people already struggling with rising living costs. Many claimants were not at fault or ev
  
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• Rent strike students evicted by Bailiffs

  24-03-2023 11:27 via ukdcnews.co.uk
  
  Students who have been refusing to pay their rent in protest at high costs have been removed from a university building by bailiffs.
  A group of rent strikers had “occupied” the University of Manchester’s Simon Building and videos appeared to show some being carried out of the door.
  The university said it regretted the action but the protest “has been going on for a significant amount of time”.
  Campaigners said the “disgraceful” eviction “shamed&rdq
  
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• City Council owed over 7m in unpaid rent arrears

  23-03-2023 11:43 via ukdcnews.co.uk
  
  Liverpool City Council is owed more than £7m in rent arrears despite receiving hundreds of thousands of pounds in the last 12 months.
  New information released ahead of the local authority’s strategic development and housing committee has detailed how much the city has failed to recoup from its tenants. A report by Mark Bourgeois, interim strategic director for city development, said the amount owed to Liverpool Council for rent had dropped by £840,000 but the authorit
  
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• Bailiffs swoop on Luton Airport to collect unpaid CCJ

  21-03-2023 09:30 via ukdcnews.co.uk
  
  Bailiffs sent in to collect unpaid CCJ
  A customer of budget airline Wizz Air decided to send Bailiffs to Luton Airport to collect an unpaid CCJ. The money was owed to the customer for a cancelled flight.
  Russell Quirk says his flight to Portugal was cancelled at the last minute by the airline, meaning he had to fork out £4,500 on new flights to the country – and this didn’t even account for the missed night’s hotel costs.
  But after being left frustrated with how long he w
  
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• Industry Report says late payments reaching crisis levels

  13-03-2023 18:26 via ukdcnews.co.uk
  
  Time is Money: Late payments ‘stifle’ small businesses across UK report shows
  The Federation of Small Businesses (FSB) has released a report that uncovers the true scale of damage caused by the late payments crisis as entrepreneurs say: ‘enough is enough.’
  Time is Money: The Case for Late Payment Reform, exposes the insufficient measures in place to hold big businesses to account and calls for a level playing field for smaller firms.
  This comes alongside a Department for
  
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• IVA’s hit record levels in the UK

  02-03-2023 12:27 via ukdcnews.co.uk
  
  New figures from the Insolvency Service show that there were nearly 88,000 IVA’s were registered in England and Wales in 2022, the highest annual number since records began in 1990.
  In England and Wales, one in 18 Individual Voluntary Arrangements (IVAs) (5.5%) registered with the Insolvency Service in 2021 terminated within one year of being approved. This was lower than the one-year termination rates in 2015-2019, but higher than the record low one-year termination rate in 2020, whi
  
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• Classic Motorcycle brand facing liquidation due to customer dispute

  23-02-2023 11:33 via ukdcnews.co.uk
  
  Classic Motorcycle Company Hesketh Motorcycles are facing liquidation after a winding up order was served on the company by a customer.
  Customer Paul Anderson, 57, first contacted Hesketh Motorcycles in May 2021 and paid a £10,000 deposit towards the last £30,000 Sonnet café racer model Hesketh were going to make.
  In emails seen by Motorcycle News, Hesketh Managing Director, Paul Sleeman, confirmed that a build slot for the Sonnet was available, and on May 26 further confirmed
  
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• Helpful user guide to large file sharing and file transfer

  23-02-2023 10:17 via ukdcnews.co.uk
  
  Guide to Large File Sharing and Transfer
  In today’s digital age, large file sharing and transfer have become an essential part of our lives. Within the Debt Collection industry, it is important to have an efficient file sharing process.
  From sending high-resolution images and videos to collaborating on large-scale projects, we need a reliable way to share files quickly and securely. Expert companies like Filemail are offering free file sharing up to 5GB.
  But with so many options available,
  
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• Local Council facing Insolvency with Billions owing in unpaid debts

  23-02-2023 09:12 via ukdcnews.co.uk
  
  A local council in Surrey has signalled it is close to effective bankruptcy after amassing debts worth almost £2bn to fund a property investment spree, raising fresh questions over the fragile health of local authorities after years of austerity.Woking borough council said it was “in the territory” of being unable to meet its financial obligations, amid a surge in debt interest costs on its investments, which include a shopping centre, residential skyscrapers and 23-
  
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• Unpaid Medical Fees sees Irish Hospital turn to Debt Collection Agency for help

  17-02-2023 10:40 via ukdcnews.co.uk
  
  University Hospital Kerry is owed over half a million euros (€500,000) in unpaid medical fees it has been reported. The fees still due from patients for medical treatments given last year.
  A spokesperson for University Hospital Kerry (UHK) told local station Radio Kerry, that they have turned to a Debt Collection agency to help secure the payments owed for unpaid medical fees.
  Figures released to the Radio Kerry show that at the end of 2022, the hospital recorded over €525,000 in payme
  
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• Scottish network highlights Freelancer late payment issues

  16-02-2023 09:55 via ukdcnews.co.uk
  
  A Scottish Freelance network has highlighted Freelancer late payment as one of the challenges facing Freelancers in the UK. A key problem cited is late payment and fuels a need for debt collection for freelancers service.
  Literature Alliance Scotland (LAS) is launching a research report on the worrying state of the literary freelance workforce in Scotland that is sending them to a financial precipice.
  Scotland’s largest literary network is urging arts organisations that engage freelan
  
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• Football club facing winding up order over unpaid debts

  15-02-2023 11:18 via ukdcnews.co.uk
  
  Football Club Southend United is expected to to receive a winding up order due to unpaid debts. Founded in a pub 116 years ago, Southend United was admitted into the Football League in 1920.
  The club was bought nearly 25 years ago by property developer Ron Martin for £4m.
  He bought the club from the former chairman Vic Johnson via a company called South Eastern Leisure, which was a joint venture between Martin’s own development firm, Martin Dawn, and Delancey Estates.
  Currently sixth
  
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• Surge in Private Landlord Rental Evictions

  10-02-2023 09:57 via ukdcnews.co.uk
  
  Rental evictions have surged by 98% in a year, official figures show, with a charity saying this showed the “devastating impact” of the cost of living crisis on renters.
  Repossessions by landlords hit 5,409 between 1 October and 31 December last year, which was almost double the number in the same period in 2021, according to new Ministry of Justice figures for England and Wales.
  Marked increase in evictions
  The department said the number of mortgage and landlord repossessi
  
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• Debt Recovery effort sees £437,000 written off by Council

  09-02-2023 11:25 via ukdcnews.co.uk
  
  Renfrewshire Council is preparing to write off more than £400,000 of irrecoverable debt following extensive debt recovery action.
  Elected members will meet tomorrow to consider the move, which would mean a number of companies, either dissolved or liquidated, would not be expected to make further payments on specific bills.
  A total of £437,532 is due to be considered by the finance, resources and customer services policy board.
  Financial regulations require a report on the write-off o
  
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• Utility Debt Collection Agency to be investigated by Ofgem

  03-02-2023 11:38 via ukdcnews.co.uk
  
  Following an investigative report from the Times, Utility Debt Collection Agency Arvato Financial Solutions as insisted they act in compliance with regulation
  The Times report alleges that Arvato, while acting a utility debt collection agency for for British Gas, ignored the vulnerabilities of customers and forcibly entered homes to prepayment gas meters.Energy companies have been asked to suspend the forced installation of prepayment meters after the Times uncovered debt agents for British Gas
  
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• MP’s family firm chased SME’s for unpaid commercial rent during covid

  30-01-2023 10:14 via ukdcnews.co.uk
  
  Government Minister Nadhim Zahawi has come under criticism for chasing unpaid commercial rent during the pandemic. His firm Zahawi and Zahawi Ltd owns a number of Commercial properties in Birmingham.
  A barber said he was forced to liquidate his business after being hounded by under-fire minister Nadhim Zahawi’s family firm.
  Jafar Jahromi, 57, was among small businesses chased for unpaid rent during the pandemic by Zahawi and Zahawi Ltd.
  He said he paid commercial rent on time for his
  
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• Construction late payment worsening says Data firm

  27-01-2023 12:46 via ukdcnews.co.uk
  
  Construction late payment is getting worse according to the latest data from Creditsafe. More than half of all business invoices sent to construction firms were paid late last year analysis has found.
  The proportion of late invoices “significantly increased” to 52.9 per cent across the sector in 2022, a rise of 13 per cent compared with 2021.
  Data company Creditsafe looked at 21 sectors and found that only two other sectors performed worse. These being water and waste at 58 per cent
  
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• Business CCJ’s double whilst firms in significant distress soars

  26-01-2023 17:00 via ukdcnews.co.uk
  
  Business CCJ’s have doubled in the last quarter says the latest Red Flag Report from Begbies Traynor. Latest data has laid bare the struggles facing UK business during the current economic crisis.
  610,405 business rated as being in “significant” financial distress in Q4 2022. This figure is up 4 per cent from the same period for 2021.
  “Critical” financial distress, meanwhile, increased 36 per cent from Q4 2021 to Q4 2022 and was up 10 per cent between Q3 and Q4 2022
  
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• Lottery winner jailed due to £12k unpaid debt

  24-01-2023 10:44 via ukdcnews.co.uk
  
  A NATIONAL lottery winner who scooped a quarter of a million pounds has been jailed for 12 months after failing to pay a £12,000 debt.
  Gerry Donaldson, 52, won £250,000 on a lottery scratch card in 2010 and invested some of his winnings opening a pet store near his home in Hawick in the Scottish Borders.
  The venture soon folded and when he was convicted of drugs offences, including cultivating cannabis within his home, legal proceedings were taken against him under the Proceeds of Cr
  
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• UK Business Insolvency rises by nearly a third

  20-01-2023 12:01 via ukdcnews.co.uk
  
  UK Business Insolvency rises by nearly a third
  Latest figures from the Insolvency Service have shown that the number of business insolvencies in England & Wales were 32% higher than in the same month in the previous year (1,489 in December 2021) and 75.5% higher than December 2019 (1,119).
  UK Business insolvency fell 3.25% in December 2022 to a total of 1,964 compared to November’s total of 2,029. They were 31.9% higher than in December 2021 (1,489) and 75.5% higher than December 2019
  
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• Personal debt in the UK rose by a third in 2022

  13-01-2023 09:56 via ukdcnews.co.uk
  Personal debt in the UK has increased massively over 2022 suggests new research. This is mainly due to the cost of living crisis and monthly bills. Unsurprisingly 68% of people reported as feeling ‘stressed’ about finances
  Monthly bills are the main cause of increased personal debt and stress for half of the adults living in the UK, with 46% of 25-34-year-olds taking out an additional credit card or loan to cover the increasing cost of living.
  However, this issue is not national
  
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• Luxury Candle maker goes bust with huge unpaid business debts

  11-01-2023 10:55 via ukdcnews.co.uk
  A luxury candle and diffuser maker who supplied the likes of Harrods has gone bust due unpaid business debts. The luxury candles were sold in high-end stores but despite this, the firm has gone bust with debts of more than £1m. This has occurred after cash-strapped consumers fell out of love with candles.
  Plymouth based Luxus Home Fragrance Ltd made products sold in John Lewis, Marks and Spencer and London’s Harrods and had five years of success and a turnover of £1.8m in 2021.
  
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• Council forced to write off over 1m of uncollected debts

  06-01-2023 09:15 via ukdcnews.co.uk
  Over 1 million pounds has been written off as uncollected debts by a council in Wales.
  Denbigh County Council predicted in December that it would be £2.1m over budget by the end of the current financial year, a situation worsening as construction costs rise and energy bills soar. Whilst Denbighshire has managed to make savings, lessening its overspending from an initial prediction of £5.5m, figures released this month reveal Denbighshire has written off over £1m (£1,013,2
  
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