Debt collection agencies news

• 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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• Business Insolvencies Surge Amid Economic Pressures

  18-11-2025 14:42 via ukdcnews.co.uk
  The number of businesses collapsing in England and Wales has seen a sharp increase, with 2,029 companies going insolvent in October—a 17% rise compared to the same month last year, according to the Insolvency Service. This also marks a 2% increase from September.
  Experts warn that insolvencies may become more frequent as businesses struggle with escalating costs, reduced consumer confidence, and ongoing economic uncertainty. Larger firms are also feeling the strain, with a nearly 20% rise
  
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• FCA Regulated Debt Collection Agency enters Administration

  24-09-2025 10:44 via ukdcnews.co.uk
  Scott and Mears Credit Services Enters Administration
  Scott and Mears Credit Services Ltd, a prominent name in the UK’s debt recovery sector, has officially entered administration, ceasing all trading activities effective immediately. This development brings uncertainty for the company’s employees, its extensive client base, and individuals with whom it was engaged in debt collection processes.
  The debt collection firm, known for its work with major utility providers, local authorit
  
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• Scam Debt Collection Agencies shut down for keeping Client’s monies

  25-08-2025 10:39 via ukdcnews.co.uk
  Scam Debt Collection firms shut down
  Three connected debt collection agencies in Sunderland have been closed by the High Court after an investigation found they kept over £50,000 of funds collected for their clients.
  The companies, EDC Group NE Ltd, UK EDC Ltd, and UK TCF Limited, were found to have deceived small businesses by taking upfront fees and then failing to provide the promised services. They falsely claimed to have decades of experience and used fake testimonials on their websi
  
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• AI Debt Collection much less effective than Humans says new study

  24-06-2025 11:07 via ukdcnews.co.uk
  Businesses turning to AI debt collection may be sacrificing significant results and customer trust, according to new research from one of the Worlds top Universities.
  As artificial intelligence reshapes industries from finance to customer service, many companies have eagerly adopted AI debt collection tools to automate recovery processes.
  But a ground breaking 2025 study led by Yale School of Management professor James Choi reveals a sobering truth: AI debt collection is significantly less effec
  
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• Lambeth Council facing £62.8 Debt Collection crisis due to Overdue Invoices

  13-06-2025 11:46 via ukdcnews.co.uk
  
  Lambeth Council is currently owed £62.8 million in overdue invoices and debts – an increase of more than 12% on last year’s figures.
  This has led to fresh concerns over how the authority manages its finances and enforces debt collection.
  The figure are revealed in a report due presented to the Overview and Scrutiny Committee on 20th May, which paints a worrying picture of rising debt levels, outdated processes, and overburdened staff struggling to keep pace.
  The repor
  
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• Insolvency Service appoints Crypto Debt Recovery Expert

  10-06-2025 11:35 via ukdcnews.co.uk
  The UK Insolvency Service has appointed its first crypto intelligence specialist to help with enforcement recover crypto from bankruptcy, civil and criminal cases.
  Andrew Small, a former police investigator with a background in economic crime, will lead efforts in enforcement to trace and reclaim crypto assets that haven’t been accounted for in those proceedings, according to a June 9 statement from the Insolvency Service.
  It comes as the number of crypto-related insolvency cases in the UK
  
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• Director banned for £200k bank payment days after Company collapsed

  05-06-2025 14:31 via ukdcnews.co.uk
  A Scottish businesswoman has been banned as a company director after paying her daughter £200,000 days after their firm collapsed.
  Mother and daughter Hazel Lamont and Nicola Murray decided to wind up their Scotparts UK Ltd. company in 2023 as it was insolvent.
  Lamont, 74, paid her daughter almost £200,000 in company money in the days following their decision to cease trading.
  More than £300,000 had been paid into Scotparts’ bank account from a customer in the days before
  
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• Business Overdue Invoices hit 26 month high in Wales

  04-06-2025 11:14 via ukdcnews.co.uk
  The number of overdue invoices on the books of Welsh businesses hit a 26-month high in April 2025, according to new research from R3, the UK’s insolvency and restructuring trade body.R3’s analysis of data provided by Creditsafe shows there were 156,775 overdue invoices on the books of Welsh businesses in April 2025 – the highest on record since February 2023’s figure of 161,860, and a 19.2% increase on April 2024’s total of 131,272.Overdue invoice numbers have rise
  
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• Medical Sector Suppliers collapses after 41 years trading

  13-05-2025 10:05 via ukdcnews.co.uk
  A well known Medical Gas Suppliers company has ceased trading after plunging into administration after 41 years.
  Blair Milne and James Fennessey, partners with Azets, have been appointed joint administrators of medicinal gas pipeline installation and servicing specialist, Hospital Pipeline Installations Limited (HPI).
  Founded over 40 years ago in 1984, and headquartered on Duke Street in Paisley, Renfrewshire, with an additional office in Rochdale, England, HPI was a leading designer a
  
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• Number of Limited Company Director disqualifications rises

  16-04-2025 12:33 via ukdcnews.co.uk
  
  Latest figures from the Insolvency Service show the agency banned more than 1,000 directors in 2024-25, of which 736 were for Covid loan abuse.
  The report shows that of the 1,036 directors who were disqualified, 736 were for Covid loan abuse and the average length of a ban was eight years. The report also shows that there have been 131 bankruptcy restriction orders put in place, 87 of which were related to the abuse of Covid loans.
  Directors can be banned from being the director of a company for
  
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• CCJ Enforcement is extremely ‘slow and ineffective’ says Judge

  12-04-2025 08:57 via ukdcnews.co.uk
  
  Claimants are struggling to recover Unpaid CCJs in England and Wales due to justice system failures. A body chaired by a Senior Judge has found that the CCj Enforcement is “extremely slow and ineffective”.
  The Civil Justice Council (CJC) is chaired by Sir Geoffrey Vos and he warned that Businesses and private individuals are facing “very significant delays” in recovering what they are owed despite having CCJs awarded in the County Court.
  The report issued by the CJC advis
  
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• Green Energy firm enters administration

  25-03-2025 12:49 via ukdcnews.co.uk
  
  Green energy firm Ripple Energy which provided renewable power to over 20,000 customers in the UK has filed notice to appoint administrators.
  Ripple allowed customers to co-own a wind farm or solar park with “thousands of other budding climate heroes” by purchasing shares. In return, they receive discounted energy from major suppliers like British Gas.
  The company’s business model aims to reduce energy bills and carbon footprints for its customers.
  Its projects included the Whi
  
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• 6 in 10 Small Businesses restricted by late payments

  11-03-2025 12:08 via ukdcnews.co.uk
  
  A new report from GoCardless, in partnership with the Federation of Small Businesses (FSB), has revealed an escalating late payments crisis threatening UK small businesses.
  A survey of over 2,000 small Business owners found that 45% are experiencing more late payments than a year ago, while 50% fear the situation will worsen in the next 12 months. For many, the delays are severe—almost a quarter (24%) of SMBs report receiving payments up to 60 days late.
  With small businesses accounting fo
  
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• Scam Debt Collectors firm shut down by Authorities

  05-03-2025 15:12 via ukdcnews.co.uk
  
  Bristol based debt recovery business which didn’t hand over money is shut downAn Insolvency Service investigation found that Encore Capital Group Inc Ltd trading as Encore Debt Recovery failed to fully hand over the money it collected it has been revealed.
  The Scam debt collectors service was incorporated in late 2021 and targeted businesses and private individuals with their false debt recovery services.Encore Capital Group Inc Ltd cold-called businesses and potential customers and then c
  
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• Businesses suffering from significant Late Payment delays

  18-02-2025 12:14 via ukdcnews.co.uk
  
  Latest data from Money.co.uk has found that on businesses are facing 47-day payment delays.
  The FSB has described late payments as one of the ‘biggest problems’ facing small businesses and with the Government announcing plans to crack down on late payments with stricter laws to help smaller businesses and grow the UK economy The research highlights the problem.
  The research analysed data from the Department for Business and Trade to show how late payments affect UK businesses.
  Busine
  
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• Trade Body calls on Government to improve its Debt Collection methods

  12-02-2025 10:14 via ukdcnews.co.uk
  
  In a new report, the Credit Services Association (CSA), the UK trade body for the debt collection and debt purchase sector, has called on the Government to improve its debt collection methods for collecting debts to help service users more effectively and boost collections revenues.
  The report praises the accomplishments of the Government Debt Management Function and the Treasury’s cross-government ‘Fairness Group’ but highlights the need for continued progress and a focus on l
  
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• Late Payments identified as top cause of Cash Flow issues for SMEs

  27-01-2025 16:42 via ukdcnews.co.uk
  
  Late payments are the primary culprit for causing cash flow problems for businesses according to two fifths (41%) of UK small and medium-sized enterprises (SMEs) while making sure the bills are paid was an issue for a third (32%) and having access to emergency cash (21%) was also top of the list. That’s according to Allstar, one of the UK’s leading business, EV and fuel expense payment companies, which researched the issues plaguing the nation’s small businesses.The 20th of Jan
  
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• Company Insolvencies drop by 5% for the year 2024

  24-01-2025 10:07 via ukdcnews.co.uk
  
  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 5.1% from 2023’s figure of 25,163.
  The company insolvencies comprised of 18,840 creditors’ voluntary liquidations (CVLs), 3,230 compulsory liquidations, 1,597 administrations, 202 company voluntary arrangements (CVAs) and three receivership appointments.
  The slight decrease in the total number of company insolvencies in 2024 was driven by
  
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• Gin Company seen on Dragons Den, collapses with Business debts

  15-01-2025 14:06 via ukdcnews.co.uk
  
  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 to ‘take gin to the next level’.
  A year after founding the brand, the pair won a £75,000 (US$88,952) grant after appearing on BBC television series Dragons’ Den, which in return would take a 10% stake in their business.
  Manton and Smallwood were awarded a Medal of the Order of the British Empire (BEM) in the King
  
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• Self Employed Tradespeople owed £3.5Bn in Late Payments

  17-12-2024 12:17 via ukdcnews.co.uk
  
  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 research found delayed or missing payments to tradespeople was reported as the major issue facing sole traders heading into 2025.
  Tradespeople are owed as much as £3.5 billion in overdue payments, which equates to an average of £3,942 each. It’s the equivalent of over a month’s salary for a typical UK tradesper
  
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• Famous Training College forced into Liquidation

  16-12-2024 15:57 via ukdcnews.co.uk
  
  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 College (IBTC) has been based on the edge of The Broads since 1975.
  Ideally situated on Sea Lake Road, Oulton Broad in Lowestoft, IBTC has ensured that traditional boatbuilding skills have been preserved for almost 50 years.
  But it has been announced the college is to c
  
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• Commercial Late Payment to be tackled by Government’s Fair Payment Code

  04-12-2024 09:10 via ukdcnews.co.uk
  
  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 owed £22,000 a year. It comes on top of an earlier announced consultation which will investigate the scale of the problem and best solutions.
  Tackling Commercial Late Payment
  The code, overseen by the Small Business Commissioner Liz Barclay, introduces a gold, silver, and bronze system to reward best payment practices and help smaller firms
  
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• Number of Insolvent Businesses decreases by 10%

  20-11-2024 15:16 via ukdcnews.co.uk
  
  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 than in September 2024 (1,950) and 24% lower than the same month in the previous year.
  The business insolvencies figures consisted of 188 compulsory liquidations, 1,445 creditors’ voluntary liquidations (CVLs), 100 administrations and 12 company voluntary arrangements (CVAs).
  CVLs accounted for 83% of all company insolvencies. Th
  
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• Council To Review £20m Debt Recovery Headache

  20-11-2024 15:01 via ukdcnews.co.uk
  
  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 currently working to balance the books ahead of next year’s budget with a gap of £35m between what it spends and its income.
  Despite the financial crisis there are millions of pounds in bills from the council that have been unpaid for more than 90 days.
  Dudley’s cabinet member for finance, Cllr Steve Clark, did not explai
  
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• Large rise in Logistics Company Insolvencies

  19-11-2024 12:01 via ukdcnews.co.uk
  
  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 in 2023/24.
  Many logistics businesses were set up during the pandemic to meet the sudden rise in demand for home delivery. As this surge in demand reversed, some of these companies are struggling to survive.
  In May 2020, during the height of the pandemic, internet sales made up 34% of all retail sales. By July 2024 online sales were only 28% of all retai
  
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• Welsh Businesses seeing rise in Overdue Invoices

  05-11-2024 12:57 via ukdcnews.co.uk
  
  The number of Welsh companies with overdue invoices on their books reached a 2024 high in September, according to new research from R3, the UK’s insolvency and restructuring trade body.
  Analysis of data provided by Creditsafe shows that 18,360 Welsh businesses had unpaid invoices on their books last month – the highest monthly total of the year so far.
  The number of Welsh firms with overdue invoices on their books rose by 3.7% in September 2024 when compared to September 2023’s
  
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• 6% of Debt Collection visits breaching National Standards

  04-11-2024 09:35 via ukdcnews.co.uk
  
  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 civil enforcement – published by the Enforcement Conduct Board (ECB) – found a noticeable area in which the standards are least commonly met is in acknowledging and taking into account self-identified or obvious vulnerability.
  One of the most common areas in which breaches occur is in ensuring that individuals facing e
  
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• Small Business Bad debt increases by 127%

  23-10-2024 11:09 via ukdcnews.co.uk
  
  The value of bad debt suffered by small businesses has surged by a staggering 127 per cent in the last six months, according to a report by SME funder, Bibby Financial Services (BFS).
  According to the latest SME Confidence Tracker from Bibby, businesses have written-off an average of nearly £40,000 in unpaid invoices in the last 12 months, up from an average of £17,500 in the spring. The proportion suffering from non-payment has risen too, reaching 40 per cent, up from 30 per cent in
  
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• Self Employed Tradespeople chasing debts of £6k on average

  11-10-2024 10:47 via ukdcnews.co.uk
  
  New research by Direct Line has found that the average self-employed tradesperson is chasing £6,000 in late payments.
  The data has shown that 81 per cent of tradespeople are chasing late payments, with the average tradesperson chasing seven outstanding invoices
  A fifth (22 per cent) of tradespeople say pursuing late payments is taking time away from work whilst almost one in ten (eight per cent) tradespeople have been forced to write off an invoice of over £10,000
  Half of tradespeopl
  
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