https://www.newslocker.com/en-uk/profession/debt-collect-agencies/en-ukCopyright (C) 2026 newslocker.comThu, 30 Apr 2026 11:44:00 +0200 Figures reveal that HMRC’s payments to TDX, the debt recovery coordinator it uses to manage multiple collection agencies, climbed to £5.2 million in February 2026 — a jump of 73% compared to January. Ac]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/hmrc-spends-over-5m-in-one-month-on-debt-collection-services/Thu, 30 Apr 2026 11:44:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/hmrc-spends-over-5m-in-one-month-on-debt-collection-services/ Public Court records confirm that a winding up petition — Case Number CR-2026-002883 — was filed on 14 April 2026 and is currently listed as open. The petitioner is Adviser Services Holdings Limited, represented by Harpe]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/debt-collection-firm-served-with-winding-up-petition/Thu, 23 Apr 2026 15:34:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/debt-collection-firm-served-with-winding-up-petition/ Isansys Lifecare Limited, headquartered at Milton Park in Abingdon, was a pioneering UK-based medical technology company known for its innovative patient monitoring systems. LLP Site Its collap]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/medical-tech-firm-crashes-into-liquidation/Wed, 15 Apr 2026 09:19:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/medical-tech-firm-crashes-into-liquidation/ Under the new measures, the Small Business Commissioner will gain expanded powers to investigate poor payment practices, resolve disputes, and impose fines on repeat offenders. These fines could amount to tens of millions for co]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/new-business-late-payments-legislation-unveiled/Wed, 25 Mar 2026 11:26:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/new-business-late-payments-legislation-unveiled/ This alarming rise, revealed by the Business Distress Index from Real Business Rescue, outpaces the UK-wide average increase of 43.8%. Across the UK, 67,369 businesses were in critical distress by the end of the quarter.
Scotland’s higher-than-average increase highlights the unique challenges faced by its]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/scotland-sees-sharp-rise-in-business-distress/Tue, 10 Mar 2026 14:15:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/scotland-sees-sharp-rise-in-business-distress/ The personal insolvency data consisted of 780 bankruptcies, 3,847 debt relief orders (DROs) and 6,216 individual voluntary arrangements (IVAs).
The 6,216 IVAs registered in January]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/january-sees-a-rise-in-personal-insolvencies/Mon, 23 Feb 2026 18:04:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/january-sees-a-rise-in-personal-insolvencies/ Throughout 2025, UK businesses faced ongoing challenges stemming from prolonged economic uncertainty, rising operating costs driven by inflation and higher wages, increased tax burdens, elevated interest rates, and weakened consumer demand. The continuation of these pressures into 2026 is heightening the likelihood that tens o]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/438-rise-in-businesses-suffering-financial-distress/Mon, 02 Feb 2026 15:45:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/438-rise-in-businesses-suffering-financial-distress/ Current Google data supports this trend, showing that UK searches for ‘divorce’ during the week beginning 11th January reach their highest point in the past 12 months.
Family law firms also report a sharp increase in enquiries at the start of the year. Stowe Family Law has recorded a 20% rise in divorce and]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/spike-in-divorces-in-january-may-raise-personal-debt-levels/Tue, 27 Jan 2026 13:13:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/spike-in-divorces-in-january-may-raise-personal-debt-levels/ Without robust systems in place, even profitable companies can face insolvency simply because they ran out of cash.
This guide explores the best 10 credit control tips designed to fortify your financial position this year. Whether you run an SME or a large corporation, these strat]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/best-10-credit-control-tips-for-uk-businesses-in-2026/Mon, 05 Jan 2026 11:17:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/best-10-credit-control-tips-for-uk-businesses-in-2026/ 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]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/business-insolvencies-surge-amid-economic-pressures/Tue, 18 Nov 2025 14:42:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/business-insolvencies-surge-amid-economic-pressures/ 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]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/fca-regulated-debt-collection-agency-enters-administration/Wed, 24 Sep 2025 10:44:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/fca-regulated-debt-collection-agency-enters-administration/ 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]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/scam-debt-collection-agencies-shut-down-for-keeping-clients-monies/Mon, 25 Aug 2025 10:39:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/scam-debt-collection-agencies-shut-down-for-keeping-clients-monies/ 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]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/ai-debt-collection-much-less-effective-than-humans-says-new-study/Tue, 24 Jun 2025 11:07:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/ai-debt-collection-much-less-effective-than-humans-says-new-study/ 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]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/lambeth-council-facing-628-debt-collection-crisis-due-to-overdue-invoices/Fri, 13 Jun 2025 11:46:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/lambeth-council-facing-628-debt-collection-crisis-due-to-overdue-invoices/ 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]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/insolvency-service-appoints-crypto-debt-recovery-expert/Tue, 10 Jun 2025 11:35:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/insolvency-service-appoints-crypto-debt-recovery-expert/ 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]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/director-banned-for-200k-bank-payment-days-after-company-collapsed/Thu, 05 Jun 2025 14:31:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/director-banned-for-200k-bank-payment-days-after-company-collapsed/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/business-overdue-invoices-hit-26-month-high-in-wales/Wed, 04 Jun 2025 11:14:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/business-overdue-invoices-hit-26-month-high-in-wales/ 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]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/medical-sector-suppliers-collapses-after-41-years-trading/Tue, 13 May 2025 10:05:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/medical-sector-suppliers-collapses-after-41-years-trading/ 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]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/number-of-limited-company-director-disqualifications-rises/Wed, 16 Apr 2025 12:33:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/number-of-limited-company-director-disqualifications-rises/ 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]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/ccj-enforcement-is-extremely-slow-and-ineffective-says-judge/Sat, 12 Apr 2025 08:57:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/ccj-enforcement-is-extremely-slow-and-ineffective-says-judge/ 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]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/green-energy-firm-enters-administration/Tue, 25 Mar 2025 12:49:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/green-energy-firm-enters-administration/ 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]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/6-in-10-small-businesses-restricted-by-late-payments/Tue, 11 Mar 2025 12:08:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/6-in-10-small-businesses-restricted-by-late-payments/ 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]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/scam-debt-collectors-firm-shut-down-by-authorities/Wed, 05 Mar 2025 15:12:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/scam-debt-collectors-firm-shut-down-by-authorities/ 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]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/businesses-suffering-from-significant-late-payment-delays/Tue, 18 Feb 2025 12:14:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/businesses-suffering-from-significant-late-payment-delays/ 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]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/trade-body-calls-on-government-to-improve-its-debt-collection-methods/Wed, 12 Feb 2025 10:14:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/trade-body-calls-on-government-to-improve-its-debt-collection-methods/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/late-payments-identified-as-top-cause-of-cash-flow-issues-for-smes/Mon, 27 Jan 2025 16:42:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/late-payments-identified-as-top-cause-of-cash-flow-issues-for-smes/ 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]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/company-insolvencies-drop-by-5-for-the-year-2024/Fri, 24 Jan 2025 10:07:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/company-insolvencies-drop-by-5-for-the-year-2024/ 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]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/gin-company-seen-on-dragons-den-collapses-with-business-debts/Wed, 15 Jan 2025 14:06:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/gin-company-seen-on-dragons-den-collapses-with-business-debts/ 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]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/self-employed-tradespeople-owed-35bn-in-late-payments/Tue, 17 Dec 2024 12:17:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/self-employed-tradespeople-owed-35bn-in-late-payments/ 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]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/famous-training-college-forced-into-liquidation/Mon, 16 Dec 2024 15:57:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/famous-training-college-forced-into-liquidation/ 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]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/commercial-late-payment-to-be-tackled-by-governments-fair-payment-code/Wed, 04 Dec 2024 09:10:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/commercial-late-payment-to-be-tackled-by-governments-fair-payment-code/ 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]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/number-of-insolvent-businesses-decreases-by-10/Wed, 20 Nov 2024 15:16:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/number-of-insolvent-businesses-decreases-by-10/ 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]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/council-to-review-20m-debt-recovery-headache/Wed, 20 Nov 2024 15:01:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/council-to-review-20m-debt-recovery-headache/ 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]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/large-rise-in-logistics-company-insolvencies/Tue, 19 Nov 2024 12:01:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/large-rise-in-logistics-company-insolvencies/ 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]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/welsh-businesses-seeing-rise-in-overdue-invoices/Tue, 05 Nov 2024 12:57:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/welsh-businesses-seeing-rise-in-overdue-invoices/ 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]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/6-of-debt-collection-visits-breaching-national-standards/Mon, 04 Nov 2024 09:35:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/6-of-debt-collection-visits-breaching-national-standards/ 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]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/small-business-bad-debt-increases-by-127/Wed, 23 Oct 2024 11:09:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/small-business-bad-debt-increases-by-127/ 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]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/self-employed-tradespeople-chasing-debts-of-6k-on-average/Fri, 11 Oct 2024 10:47:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/self-employed-tradespeople-chasing-debts-of-6k-on-average/ The call comes as the government’s Renters’ Rights Bill proposes increasing the amount of arrears a tenant can build from two to three months of rent before landlords can serve notice to repossess a property.
In addition, the Bill seeks to double the notice period landlords must give in such cases, before waiting an average of seven m]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/government-slammed-over-plans-that-will-fuel-private-rent-arrears/Tue, 08 Oct 2024 15:06:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/government-slammed-over-plans-that-will-fuel-private-rent-arrears/ Martin Lewis’s charity, The Money and Mental Health Policy Institute, has said councils’ use of bailiffs for debt collection is “grotesque”, and “a]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/map-shows-where-bailiffs-in-london-are-most-used-to-collect-debts/Fri, 04 Oct 2024 10:22:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/map-shows-where-bailiffs-in-london-are-most-used-to-collect-debts/ Joint administrators from Quantuma handling the affairs of McDermott Smith gave an update this month on progress, but said it could be another two years for the business to be liquidated.
Quantuma was appointed by one of the firm’s lenders, Fenchurch Legal, in July. The Solicitors Regulation Authority c]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/law-firm-disappears-owing-375m-to-creditors/Wed, 02 Oct 2024 10:22:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/law-firm-disappears-owing-375m-to-creditors/ However unpaid invoices account for much of the debt – £88.6m – and £30.9m of this is not due until next year.
Bristol City Council revealed the figure – which also included rent arrears and clean air zone (CAZ) charges – in a report to the strategy and resources policy committee on Monday.
Other reasons cited in the report are cost of l]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/city-council-owed-229m-in-unpaid-debt/Wed, 18 Sep 2024 10:30:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/city-council-owed-229m-in-unpaid-debt/ Such ‘services’ – once paid for – may simply never be provided, or may be of little or no benefit to the customer (for example, inclusion on an ‘exclusive online register’, not recogni]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/authorities-issue-scam-invoices-warning/Tue, 17 Sep 2024 11:27:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/authorities-issue-scam-invoices-warning/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/londons-lettings-market-being-plagued-by-rogue-tenants/Fri, 13 Sep 2024 12:58:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/londons-lettings-market-being-plagued-by-rogue-tenants/ Financially-stricken Birmingham City Council sent almost 60,000 debts to bailiffs last year – as a charity warned the tactic risked pushing those who owed cash to despair. The authority said it referred more than 58,500 cases in 2023-24, with the number increasing again following a drop after the pandemic.
Council bosses said the 2022/23 total of 39,618 &]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/charitys-plea-to-restrict-council-tax-debt-collection/Thu, 12 Sep 2024 11:42:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/charitys-plea-to-restrict-council-tax-debt-collection/ The total value of late payments has increased from the end of 2023, up 41% from £68,715 with outstanding balances continuing to present huge challenges for SMEs.
On average, SMEs are likely to wait an extra 46 days for a late payment to be settled a]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/sme-late-payments-increase-by-48-says-new-research/Tue, 10 Sep 2024 13:30:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/sme-late-payments-increase-by-48-says-new-research/ New findings following a Freedom of Information Request revealed Warrington Borough Council sent 6,432 debts to bailiffs in 2022/23 – although the council says this was due to a backlog after suspending debt recovery for a three-year period during the pandemic.
Now National Debtline has called for improvements to debt collection practices and is]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/councils-ineffective-debt-recovery-leading-to-increased-bailiff-usage/Fri, 06 Sep 2024 19:12:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/councils-ineffective-debt-recovery-leading-to-increased-bailiff-usage/ Upflow says that throughout several industries, there is a worrying trend that if outstanding invoices are not paid on-time or within the first 30 days of becoming overdue, they have a high chance of still being outstanding 90+ days after the due date.
These numbers make it clear that we need to find a way to solve this growing issue. On av]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/new-data-says-outstanding-invoices-reach-shocking-levels/Mon, 02 Sep 2024 16:56:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/new-data-says-outstanding-invoices-reach-shocking-levels/ R3’s analysis of data provided by Creditsafe shows that businesses in Scotland had 538,172 unpaid invoices on their books last month – the highest monthly total in 2024 so far.
Unpaid Invoices in Scotland
Overdue invoices in Scotland increased by 27.7% in July 2024 when compared to July 2023’s figure of 42]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/overdue-invoices-in-scotland-reaching-high-levels/Thu, 22 Aug 2024 09:32:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/overdue-invoices-in-scotland-reaching-high-levels/ The key issue was whether Providence could terminate its contract after Hexagon failed to pay an invoice on time, even t]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/contractor-wins-late-payments-legal-dispute/Mon, 19 Aug 2024 09:26:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/contractor-wins-late-payments-legal-dispute/ The findings, based on Freedom of Information requests to local authorities, form part of wider research into council tax debt and collection practices published by the Centre for Social Justice, which reveals that 1.3]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/27m-debt-cases-passed-to-bailiffs-by-councils/Tue, 06 Aug 2024 10:22:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/27m-debt-cases-passed-to-bailiffs-by-councils/ The study also revealed that over 30% of SMEs cited rising inflation and high interest rates as their biggest challenge for 2024. Additionally, 1 in 6 SME owners felt unconfident to some extent in their understanding of the term ‘cash runway’ – the number of months a business has until cash runs out.
2% of businesses]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/report-estimates-110000-smes-at-risk-of-insolvency/Thu, 01 Aug 2024 09:34:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/report-estimates-110000-smes-at-risk-of-insolvency/ Insolvency and Companies Court Judge Catherine Burton said Ms Price had received “very clear warnings” that she must attend the hearing on Tuesday.
The former glamour model had not responded to HM Revenue & Customs (HMRC) over her debts, a court heard.
The demand for payment was made by HMRC last October.
A judge at a previous hearing said the former glamour]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/arrest-warrant-issued-for-insolvent-celebrity-after-court-no-show/Wed, 31 Jul 2024 09:19:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/arrest-warrant-issued-for-insolvent-celebrity-after-court-no-show/ Payments to small businesses were made 7.3 days late, on average, between April and June. This is an increase of 1.8 days compared to the January and March Quarter, and represents the largest quarterly increase for four years, when pandemic uncertainty prompted a short-term spike. The largest increases in late payments were seen i]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/new-data-shows-small-business-late-payments-increasing/Mon, 29 Jul 2024 11:41:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/new-data-shows-small-business-late-payments-increasing/ The Commission proposed in September last year to limit all payment terms to a maximum of 30 days, prompting warnings from trade bodies that the reforms could make it unviable for banks to support supply chain finance facilities and increase costs for SMEs. 
An amended version of the text was adopted by the Europ]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/eu-late-payment-reforms-to-be-scrapped/Thu, 25 Jul 2024 07:59:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/eu-late-payment-reforms-to-be-scrapped/ C R Willcocks, which sold and repaired farm and garden machinery, unexpectedly shut its doors for good in June. At the time, the firm gave no explanation for its sudden closure and dele]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/agricultural-firm-collapses-into-administration/Tue, 23 Jul 2024 18:00:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/agricultural-firm-collapses-into-administration/ The insolvencies consisted of 302 compulsory liquidations, 1,866 creditors’ voluntary liquidations (CVLs), 170 administrations and 23 company voluntary arrangements (CVAs). All types of company insolvency were higher than in both June 2023 and M]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/sharp-rise-in-june-for-business-insolvencies/Tue, 23 Jul 2024 11:27:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/sharp-rise-in-june-for-business-insolvencies/ These debts include failures to pay Council Tax, Business Rates, parking fines and housing arrears.
This is the highest amount of debt sent in the last three years, with debt sent totalling £1.39 million in 2022/23 and £1.93 million in 2021/22.
The information detailing the total amount of recovered deb]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/council-turns-to-debt-collection-agencies-for-help/Mon, 22 Jul 2024 18:08:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/council-turns-to-debt-collection-agencies-for-help/ In-house auditors assessed the team responsible for managing council unpaid in]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/councils-huge-124m-debt-collection-challenge/Thu, 18 Jul 2024 10:16:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/councils-huge-124m-debt-collection-challenge/ Save Consultants Ltd claimed to provide insolvency practitioner services when none of its current or former directors were licensed. Its actions risked undermining the insolvency regime and the company’s directors refused to explain its trading practices to investigators
The company has been closed down following investigations by the Insolvency Service, with the Official Receiver appoint]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/rogue-insolvency-firm-shut-down-by-courts/Wed, 17 Jul 2024 07:50:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/rogue-insolvency-firm-shut-down-by-courts/ For decades, policymakers pledged to address the power big businesses hold over small firms, which last year cost small businesses an estimated £1.6 billion. Now, as the issue has become more entrenched, so has it entered public discourse; in fact, 80 per cent of consumer]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/consumers-want-new-government-to-act-on-late-payments/Fri, 12 Jul 2024 09:55:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/consumers-want-new-government-to-act-on-late-payments/ Retail, manufacturing, construction, real estate and hospitality were the worst-hit sectors for the second year in a row, accounting for 57% of all administrations.
Regionally, Greater London led the way with 22% of the filings, followed by the North West (17%) and Yorkshi]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/increase-in-uk-businesses-filing-for-administration/Tue, 09 Jul 2024 07:42:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/increase-in-uk-businesses-filing-for-administration/ From early in the first lockdown in 2020, commercial landlords were banned from exercising most of the usual remedies available to them to enforce rent arrears that fell due during the period of the pandemic, as a measure to protect tenant businesses.
The banned remedies included forfeiture of leases due to ren]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/commercial-landlords-struggling-says-new-study/Mon, 08 Jul 2024 08:04:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/commercial-landlords-struggling-says-new-study/ In a statement, the practice cited an ‘outstanding six-figure debt’ for precipitating the decision amidst a difficult trading environment contributing to multiple project delays.
In a trading update, the practice wrote: “Hoskins Architects Group Limited is sorry to announce that the directors of its UK trading subsidiary Gareth Hoskins Arc]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/unpaid-architect-fees-forces-firm-to-close-down/Thu, 04 Jul 2024 14:13:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/unpaid-architect-fees-forces-firm-to-close-down/ Shareholders approved resolutions for the company to be placed in voluntary winding up, the appointment of voluntary liquidators and their renumeration at the EGM.
The Securities and Exchange Commission notice from Cazoo says that it will be placed in voluntary liquidation based on the fact ‘it is unable to pay its debts’.
The volunt]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/liquidators-appointed-as-cazoo-officially-winding-up/Thu, 04 Jul 2024 09:14:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/liquidators-appointed-as-cazoo-officially-winding-up/ All the major political parties are making pledges to tackle late payments that hurt business growth in the UK. The Conservatives, Labour and Liberal Democrats have all made promises to tackle the late payments crisis harming businesses.
Labour says it would stamp out the late payment of invoices via new legislation to force large businesses to reveal their payment pra]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/election-sheds-light-on-each-parties-plans-to-combat-late-payment/Wed, 03 Jul 2024 13:00:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/election-sheds-light-on-each-parties-plans-to-combat-late-payment/ Initially, the U’s were issued with a three-transfer window fee restriction which would have seen them only able to sign free agents during that period of time.
“Due to an isolated administrative error, the club were reported to the EFL for late payments to]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/football-club-handed-fine-due-to-unpaid-invoices/Tue, 02 Jul 2024 10:19:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/football-club-handed-fine-due-to-unpaid-invoices/ Stephen Grant of Azets, an accountancy and advisory firm with offices in Poole and Blandford, announced rising instances of financially strained firms issuing invoices unrelated to any trading transaction.
The practice – coined ‘fresh air invoicing’ – deceives finance companies into advancing 70 per cent to 90 per cent of the falsely c]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/fresh-air-invoicing-fraud-rising-warns-insolvency-practitioner/Mon, 01 Jul 2024 09:37:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/fresh-air-invoicing-fraud-rising-warns-insolvency-practitioner/ A High Court judge said Mr Chappell tried to “plunder the BHS Group whenever possible” after he bought the company for £1 from Sir Phillip Green in 2015.
The ex-director was imprisoned for six years in 2020 over tax evasion.
He has since been sued by BHS liquidators FRP Advisory.
At a hearing on Tuesday, Mr Justice Leech said Mr Chappell n]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/director-ordered-to-pay-back-50m-to-pay-company-debts/Fri, 28 Jun 2024 07:58:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/director-ordered-to-pay-back-50m-to-pay-company-debts/ Its Insurance Index, which monitors insurance buying and how it is financed, found one in five (20%) of firms reporting a growing problem with late payment of bills with 5% warning the issue has become much worse.
That is substantially down on the 28% of firms saying late payment problems had worsened in the past 12 months which included 7% saying it had become much worse when the]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/small-business-late-payment-a-growing-issue-for-1-in-5-smes/Wed, 26 Jun 2024 09:50:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/small-business-late-payment-a-growing-issue-for-1-in-5-smes/ HMRC has been accused of threatening a terminally ill 92 year old man with debt collectors. A reader of The Guardian newspaper wrote in to share that “he is 92 and doesn’t actually owe the money, but there is nothing he can do to stop the tax demands coming”.
The reader, identified as JP, explained: “HMRC has]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/hmrc-sorry-for-terminally-ill-pensioners-debt-collectors-threat/Tue, 25 Jun 2024 14:18:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/hmrc-sorry-for-terminally-ill-pensioners-debt-collectors-threat/ Jacque Aitken, an Office Manager employed by Hampshire law firm Simpkins & Co Solicitors for eight years, admitted transferring money from the client account to the office accounts on two matters without the client’s knowledge or consent, according to a Solicitors Regulation Authority (SRA) decision notice. She accepted that her conduct had been]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/law-firm-manager-stole-176k-from-clients-account/Mon, 24 Jun 2024 09:44:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/law-firm-manager-stole-176k-from-clients-account/ John Spink received a letter in April saying he owed the large sum following months of seeing his gas and electricity bills spiral after he had a smart meter installed in his home.
Despite several letters, emails and phone calls with the help of a neighbour objecting to the bill, British Gas told the 79-year-old his det]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/british-gas-apologises-for-debt-collection-agency-error/Sun, 23 Jun 2024 17:22:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/british-gas-apologises-for-debt-collection-agency-error/ The business consisted of 271 compulsory liquidations, 1,590 creditors’ voluntary liquidations (CVLs), 126 administrations and 19 company voluntary arrangements (CVAs).
CVLs accounted for 79% of all business insolvencies. The number of CVLs de]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/business-insolvencies-drop-6-in-may/Fri, 21 Jun 2024 10:00:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/business-insolvencies-drop-6-in-may/ This shows a 9% year-on-year rise and an 71% increase since before the pandemic – the total outstanding arrears stood at £3.5 billion in 2019 to 2020.
Over the same period, the average amount of unpaid council tax debt per StepChange client has risen by over 50% from £1,146 in 2019 to £1,726 in]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/unpaid-council-tax-debt-hits-6bn-pounds/Thu, 20 Jun 2024 10:05:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/unpaid-council-tax-debt-hits-6bn-pounds/ Some 4,401 construction companies in England and Wales registered as insolvent in the period – 18 per cent of all businesses to do so.
The figure is almost 500 more than the next worst-hit industry, wholesale and retail, which saw 3,906 insolvencies. Accommodation and food service activities was the third-worst sector, seeing 3,821 cases.
New Construction sec]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/construction-sector-has-the-highest-rate-of-insolvencies/Wed, 19 Jun 2024 09:09:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/construction-sector-has-the-highest-rate-of-insolvencies/ The announcement on Monday comes after the firm’s shareholders on Friday approved a proposed £10m equity raise to help turnaround its finances.
The raise will be underwritten by Superdry’s chief executive Julian Dunkerton and is due to take his total stake to 75 per cent. The majority of Superdry’s creditors, including land]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/troubled-fashion-retailer-avoids-administration/Tue, 18 Jun 2024 10:24:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/troubled-fashion-retailer-avoids-administration/ The findings from deposit alternative platform Reposit show that landlords needed to reclaim at least five weeks of rent to cover costs such as arrears or damage.
Increasing problem
This figure rose 4% from a previous average of 13% last year.
Reposit examined its own data from tenancy agreements that have come to an end during 2024.
So far this year, Reposit found 49%]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/increase-in-unpaid-rent-arrears-at-the-end-of-tenancies/Fri, 14 Jun 2024 11:29:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/increase-in-unpaid-rent-arrears-at-the-end-of-tenancies/ A Freedom of Information (FOI) request revealed that more than 1.3 million penalty charges (PCNs) were issued from September 2023 to April 2024.
But Transport for London (TfL) admitted that over 70% of the fines have remained unpaid.
The transport authority also revealed that one driver had received over 200 fines for a single non-compliant vehicle, but hasn’t yet paid a penny of the]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/ulez-fines-create-218-million-pound-debt-pile-in-london/Thu, 13 Jun 2024 12:25:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/ulez-fines-create-218-million-pound-debt-pile-in-london/ The party is also planning to boost small business exports by publishing a trade strategy and delivering clear advice to get new businesses exporting, and tackle anti-social behaviour with town centre police patrols.
It says that scrapping business rates will level the playing field between the high street and online retailers.
On Saturday, Labour leade]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/labour-promises-to-crack-down-on-small-business-late-payment/Wed, 12 Jun 2024 10:56:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/labour-promises-to-crack-down-on-small-business-late-payment/ Wiggins, who retired from the sport in 2016 after a decorated career, has racked up huge amounts of debt with numerous business ventures over the years.
Wiggins Rights Limited, a company owned by ­Wiggins, his former wife Cath and his mother Linda, entered liquidation in 2020 with debts amounting to £650,000.]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/bankrupt-sporting-legend-could-be-forced-to-sell-gold-medals/Mon, 10 Jun 2024 08:49:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/bankrupt-sporting-legend-could-be-forced-to-sell-gold-medals/ The man banged on a customers door and shouted threats in the middle of the night over an unpaid business debt has been subsequently jailed.
The unpaid business debt is believed to have been owed to the mans employer.
Christopher Bett, 34, of Cardenden, appeared for sentencing at Dunfermline Sheriff Court.
He admitted that on September]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/scottish-man-sent-to-prison-after-trying-to-collect-business-debt/Thu, 06 Jun 2024 10:37:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/scottish-man-sent-to-prison-after-trying-to-collect-business-debt/ Mercian Cycles, based in Derby, launched in 1946 and has continued to create bespoke bikes by hand throughout its history.
Its products have been used by cyclists who have set world records and individuals who have undertaken trips around the globe.
Opus Business Advisory Group, which is acting for the company, has confirmed Mercian Cycles is in the process of entering vo]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/iconic-uk-bicycle-manufacturer-enters-liquidation/Wed, 05 Jun 2024 13:00:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/iconic-uk-bicycle-manufacturer-enters-liquidation/ DROs are available to those on low incomes and clear existing debt on everything from council tax to energy bills and rent.
Some 3,436 Debt relief orders were taken out in April – the highest monthly number since they were introduced in 2009, figures from the Insolvency Service, external show.
It drove a rise in the total number of insolvencies in Eng]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/debt-relief-orders-hit-record-numbers/Wed, 05 Jun 2024 08:46:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/debt-relief-orders-hit-record-numbers/ Towards the end of last year as mortgage borrowing rates started to reduce, there was a noticeable uptick in the number of mortgage applications. This suggested the market might see a recovery in the first half of 2024 as the applications followe]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/mortgage-borrowing-decreasing-in-2024/Tue, 04 Jun 2024 14:26:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/mortgage-borrowing-decreasing-in-2024/ While countless options are available to select sounder beacons, RS Group has surpassed quality expectations. With their RS Pro Range, they are achieving new benchmarks. Here is a brief evaluation of RS Group&rsq]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/rs-group-maintains-an-unparalleled-lead-in-quality-in-sounder-beacon/Tue, 04 Jun 2024 14:13:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/rs-group-maintains-an-unparalleled-lead-in-quality-in-sounder-beacon/ Late payments totalled £22,700 for the average small business, with at least one overdue invoice in May, representing a 6% year-on-year rise.
This amounts to 65% of their average monthly turnover, new data from accounting software Intuit QuickBooks showed.Companies are expected to pay most invoic]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/small-businesses-owed-23k-on-average-amid-rising-energy-bills/Mon, 03 Jun 2024 17:01:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/small-businesses-owed-23k-on-average-amid-rising-energy-bills/ Suning’s debt relates to a loan of €270m taken out in 2021, which has accrued interest at 12 per cent and was due for repayment on Tuesday. The default entitles Oaktree to Suning’s stake, although it must pay for the share according to]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/us-company-seizes-football-club-over-large-unpaid-debt/Mon, 03 Jun 2024 10:47:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/us-company-seizes-football-club-over-large-unpaid-debt/ England and Wales witnessed a significant rise in company insolvencies, marking an 18.4% increase from March 2024 and a 5.4% uptick compared to April 2023.
The total number of registered business insolvencies for the month reached 2,177, comprising 300 compulsory liquidations, 1,715 creditors’ voluntary liquidations (CVLs), 144 administrations, and 18 company voluntary arrangements]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/april-saw-surge-in-company-insolvency-says-latest-data/Fri, 31 May 2024 09:50:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/april-saw-surge-in-company-insolvency-says-latest-data/ The Liz McDonald star, 67, is under investigation by the HMRC after failing to pay £215,000 in debts, according to The Mirror.
Beverley and her husband Jon McEwan launched the company in 2020 when she left top soap Coronation Street to supplement their income.
But despite earning millions over the years, the couple repo]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/tv-soap-legend-being-chased-for-100k-debt/Thu, 16 May 2024 14:33:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/tv-soap-legend-being-chased-for-100k-debt/ The research also found that there were 96,580 homeowner mortgages in arrears of 2.5% or more of the outstanding balance, representing a 3% increase from the previous quarter.
Within this group, 32,470 mortgages were in the most severe bracket, with mortgage arrears exceeding 10% of the balance, marking a 6% increase compared to the previous quarter.
The increase in mortgage rates has been dri]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/32000-uk-homes-at-risk-of-repossession/Wed, 15 May 2024 12:55:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/32000-uk-homes-at-risk-of-repossession/ It follows a report which found the council is the most indebted unitary authority in the country, with “their portfolio of debt-funded investments… concerning” which put not only the council at risk, but could also have “significant impact” for local residents.
The report also raised “some concerns with decision-makin]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/investigation-launched-into-councils-huge-unpaid-debt-pile/Tue, 14 May 2024 08:08:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/investigation-launched-into-councils-huge-unpaid-debt-pile/ James Lothian Brunton also failed to cooperate with the Solicitors Regulation Authority’s (SRA) investigation into his failure to perform an undertaking to Matthew Waite & Co.
The regulator said Brunton, a solicitor at Brunton & Co (incorporating D.Emrys Williams & Co), in Ceredigion, Wales, &lsquo]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/solicitor-fined-due-to-invoice-late-payment/Mon, 13 May 2024 14:33:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/solicitor-fined-due-to-invoice-late-payment/ John Barnes Media Limited failed to pay more than £190,000 in corporation tax and VAT between 2018 and 2020, it was revealed following an investigation by the Insolvency Service. HMRC was the firm’s only known creditor when it ceased trading.
As a result Barnes, whose busi]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/english-football-legend-banned-from-being-a-company-director/Fri, 26 Apr 2024 11:55:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/english-football-legend-banned-from-being-a-company-director/ Timeshare Legals Limited was wound-up following investigations by the Insolvency Service which found no proper accounting records, hundreds of clients left with unfulfilled claims and the transfer of client funds to a company in Spain with the same name, Timeshare Legals SL, and the same director, creating a lack of transparency.
Timeshare Lega]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/timeshare-company-closed-down-due-to-huge-fraud/Wed, 24 Apr 2024 09:10:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/timeshare-company-closed-down-due-to-huge-fraud/ R3 figures showed a rise in this activity from 246 in February to 261 in March, remaining consistent with the 12-month high of 277 in March 2023.
The body has warned trends are continuing to rise, following its analysis of data from Creditsafe.Data also showed the number of firms in liquidation which owed money to their creditors remained static at 377 in March, up]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/insolvency-rising-again-says-trade-body/Mon, 15 Apr 2024 10:03:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/insolvency-rising-again-says-trade-body/ High profile retail insolvencies include The Body Shop in February, as well as fashion brand Ted Baker and online luxury fashion retailers MatchesFashion and Farfetch.
Cautious consumer spending, and higher interest rates have also impacted the rise. Retail sales have also dropped, with total in-store and online sales falling 2.2% in March]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/retail-insolvencies-climb-19-in-the-uk/Thu, 11 Apr 2024 12:54:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/retail-insolvencies-climb-19-in-the-uk/ The “rogues gallery” included Ceva Logistics, Reed Boardall, Brake Bros and Jack Richards & Son.
However, Leicestershire-based Samworth Brothers was praised for making a big improvement in its payment performance.
Research by campaign group Good Business Pays (GBP) found there had been a 20% increase in companies reporting average paym]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/haulage-firms-named-in-business-late-payers-list/Wed, 27 Mar 2024 09:50:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/haulage-firms-named-in-business-late-payers-list/ All jobs have been lost at a Fife based plant hire firm James Penman (Plant hire) Limited as it was put into liquidation despite trading nearly 50 years.
Thirty five members of staff have been made redundant at family-run James Penman Plant Hire in Kirkcaldy after joint provisional liquidators were appointed on Tuesday, March 5.
The company had been trading since being founded in 1974 by James Penma]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/plant-hire-firm-enters-liquidation-despite-nearly-50-years-of-trading/Fri, 15 Mar 2024 11:21:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/plant-hire-firm-enters-liquidation-despite-nearly-50-years-of-trading/ This involves the controversial activities of a UK Debt Collection company, Barratt Smith Brown, who have been accused of sending emails with a signature resembling that of the globally renowned late pop singer, Michael Jackson.
This shocking revelation emerged as part of an investigative process carried out by Martin Lewis and his MoneySavingExpert platform. (MS]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/martin-lewis-investigates-shady-actions-by-uk-debt-collection-company/Wed, 13 Mar 2024 11:11:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/martin-lewis-investigates-shady-actions-by-uk-debt-collection-company/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/surge-in-unpaid-rental-arrears-says-industry-supplier/Fri, 08 Mar 2024 11:41:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/surge-in-unpaid-rental-arrears-says-industry-supplier/ The latest quarterly data shows small firms were paid, on average, 6.1 days late during the last three months of 2023. This figure shows no signs of improving, with the average payment still received over a working week beyond the agreed terms.
The current trading conditions are being added to by the growing cost of small bus]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/small-business-late-payment-costing-smes-16bn/Thu, 07 Mar 2024 10:49:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/small-business-late-payment-costing-smes-16bn/ The insurer’s global insolvency outlook revealed that 15% of small and medium-sized businesses in the UK are at risk of going bust, the highest proportion in Europe. This is compared to 14% in France, 9% in Italy, and 7% in Germany.
Sectors such as retail, manufacturing, construction, and real estate are particularly vulnerable due to weaker demand and higher borrowing costs.
Allianz predicts that as]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/10-rise-in-business-insolvencies-predicted-by-experts/Tue, 05 Mar 2024 10:05:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/10-rise-in-business-insolvencies-predicted-by-experts/ Mad Dog 2020 Casting, a 25-year-old British agency that supplies background actors to major productions, is facing legal debt recovery action after failing to pay scores of clients.
Legal Debt Recovery Action
Equity and Bectu, two of the most prominent UK creative industry unions, are pursuing legal debt recovery c]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/actors-resorting-to-debt-recovery-action-to-get-paid/Fri, 01 Mar 2024 09:51:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/actors-resorting-to-debt-recovery-action-to-get-paid/ Novuna says that the prospect of numerous businesses facing closure is sobering, a reality underscored by a recent ONS report, showing just 3% of businesses had temporarily halted trading in the month of February 2024, with only 2% having shut down permanently.
The findings also shed light on the challenges leading to poten]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/1-in-3-small-business-owners-fears-closure-this-year/Thu, 29 Feb 2024 11:27:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/1-in-3-small-business-owners-fears-closure-this-year/ Novuna says that the prospect of numerous businesses facing closure is sobering, a reality underscored by a recent ONS report, showing just 3% of businesses had temporarily halted trading in the month of February 2024, with only 2% having shut down permanently.
The findings also shed light on the challenges leading to poten]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/1-in-3-small-business-owners-fear-closure-this-year/Thu, 29 Feb 2024 11:27:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/1-in-3-small-business-owners-fear-closure-this-year/ There were 514 restaurants closing permanently across England, Scotland and Wales in the final quarter of last year, compared to 481 in Q2 2023, according to data obtained under the Freedom of Information Act by accountancy firm Price Bailey.
The research showed that 1,932 restaurants entered insolvency in 2023, equating to an average of more than five closures per day, up fr]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/number-of-restaurants-closing-hits-new-high-in-the-uk/Wed, 28 Feb 2024 11:48:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/number-of-restaurants-closing-hits-new-high-in-the-uk/ Scottish Renfrewshire Council had last year enlisted Sheriff Officers to chase hard up families over unpaid canteen bills. Officials initially denied the story before confirming it – but they have now abolished the practice after holding a review.
A revised process with an emphasis on “pastoral support and helping families experiencing financ]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/council-calls-off-bailiffs-chasing-unpaid-school-dinner-fees/Mon, 26 Feb 2024 09:49:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/council-calls-off-bailiffs-chasing-unpaid-school-dinner-fees/ Rochdale currently sit mid-table in the National League and its not just on the field that they have being having problems.
They need new investment by the end of March otherwise the National League club could face the prospect of liquidation, chairman Simon Gauge has warned.Rochdale were relegated from the English Football League last season after 102 years but have faced maj]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/football-club-facing-liquidation-unless-buyer-found/Thu, 22 Feb 2024 12:42:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/football-club-facing-liquidation-unless-buyer-found/ The reality star already owes thousands of pounds in unpaid tax, and neighbours are now claiming her beloved steed Wallis has been taken away until she repays her debts.
Katie purchased her horse for £250,000 back in 2009, and regularly shares snaps of him on social media.
But neighbours claimed that t]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/debt-ridden-tv-celebrity-has-horse-seized-by-bailiffs/Wed, 21 Feb 2024 11:17:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/debt-ridden-tv-celebrity-has-horse-seized-by-bailiffs/ The Law Gazette reported that Legal UK Services Ltd, based in Altrincham, told clients last week that it had appointed insolvency practitioners and would cease trading within weeks.
That process appears to have been accelerated this week as the firm stated that all live cases had been transferred to neighbouring Cheval Legal.
Legal UK Services has no]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/claims-management-company-closes-suddenly-due-to-large-debts/Mon, 19 Feb 2024 09:29:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/claims-management-company-closes-suddenly-due-to-large-debts/ Contrary to popular belief, a recession does not bring any benefits to the debt collection sector at all usually. It certainly does not benefit the Business debt collection field and personal debt collection also becomes more challenging.
A recess]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/could-the-recession-be-good-for-debt-collection/Fri, 16 Feb 2024 12:49:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/could-the-recession-be-good-for-debt-collection/ A Kensington mansion has become the capital’s latest luxury property to go up for sale in insolvency proceedings as wealthy London homeowners face their assets being liquidated to pay down debts.
The property on Queen’s Gate, near Hyde Park, is being sold by receivers for around $34m (£27m) alongside another house worth some $520,000 (£412,000) as part of bankru]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/london-mansions-being-seized-as-part-of-debt-collection-efforts/Thu, 15 Feb 2024 10:42:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/london-mansions-being-seized-as-part-of-debt-collection-efforts/ Less than two months into 2024 and six UK retailers have already gone bust, with a further two warning they may fall into trouble, as experts warn the market will “continue to see an uptick in retail insolvencies”.
According to figures from Centre of Retail Research, over 400 job roles have been impacted by retailers shutting up shop in light of the cost of living crisis and financial s]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/retail-insolvencies-continue-to-rise-in-the-uk/Wed, 14 Feb 2024 10:52:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/retail-insolvencies-continue-to-rise-in-the-uk/ A total of 26,311 households have been removed from their homes since the government first promised to scrap no-fault evictions in 2019.
The latest data also showed that a further 30,230 landlords in England started Section 21 eviction court proceedings in 2023, a rise of 28% in one year.
Section 21 evictions allow landlords to evict te]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/huge-rise-in-no-fault-evictions-in-2023/Tue, 13 Feb 2024 08:55:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/huge-rise-in-no-fault-evictions-in-2023/ 540 homeowner mortgaged properties were taken into possession in Q4, down 14 per cent on the previous quarter. 500 buy-to-let mortgaged properties were taken into possession in Q4, 11 per cent greater than the previous quarter.
44 per]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/7-rise-in-uk-mortgage-arrears/Mon, 12 Feb 2024 07:39:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/7-rise-in-uk-mortgage-arrears/ Read the full report issued from the Registry Trust here:
The total number of commercial and consumer judgments registered in the British Isles in Q4 2023 was 243,448. This total number excludes England and Wales High Court Judgments, Scotland Ordinary Causes and Northern Ireland High Court Judgments.
Comparing the same quarter last year there was a 15% increase. ]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/15-increase-in-ccjs-issued-for-last-3-months-of-2023/Tue, 06 Feb 2024 15:29:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/15-increase-in-ccjs-issued-for-last-3-months-of-2023/ Alison Haley Griffiths, 55, pleaded guilty to two counts of fraud by abuse of position and was sentenced at Swindon Crown Court to 24 months’ imprisonment.
Griffiths, who was practising in Swindon, stole around £49,000 over the course of more than two years from a 94-year-old woman over whom she had power of attorney. She transferred money from the victim&rs]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/solicitor-jailed-for-stealing-funds-from-clients/Tue, 06 Feb 2024 13:10:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/solicitor-jailed-for-stealing-funds-from-clients/ Keough, 34, pushed back on Barclays Bank’s request for her to pay an outstanding balance of approximately $1.6 million, per legal documents obtained by Us Weekly.
Presley purchased her Coes Hall estate in Rotherfield, England, in 2010 with a loan from Barclays. The bank is now claiming that Presley personally guaranteed repayment before she died.
Keough, who]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/lisa-marie-presleys-daughter-refusing-to-pay-late-mothers-uk-debt/Thu, 01 Feb 2024 11:27:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/lisa-marie-presleys-daughter-refusing-to-pay-late-mothers-uk-debt/ The Insolvency Service said 25,158 companies were declared insolvent last year, up from 22,123 in 2022.
But the proportion of firms going bust was not as severe as during the 2008 global financial crisis, owing to more companies in existence, the government agency said.
Oliver Collinge, a director at restructuring and insolvency firm, PKF GM, said: ‘Th]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/business-insolvencies-at-their-highest-since-1993/Wed, 31 Jan 2024 17:58:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/business-insolvencies-at-their-highest-since-1993/ In the year to the end of November, 4,370 companies went insolvent compared to 4,086 in 2021/22 and 2,481 in 2020/21. This reflected a 7% increase in insolvencies from 2021/22 and 76% in 2020/21 due to high material and labour costs.
The auditing company said that the increasing costs of borrowing have affected the profit margins of ongoing and upcom]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/big-rise-in-construction-sector-insolvencies/Tue, 30 Jan 2024 13:04:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/big-rise-in-construction-sector-insolvencies/ The 91-year-old actor – who has played Ken Barlow on ‘Coronation Street’ TV soap since 1960 – is the soap’s highest-paid cast member, earning around £250,000 a year but he’s facing financial ruin after HMRC filed a petition against him in London’s High Court earlier this week.
A spokesperson said they wouldn’t comment on individual cases, but told the Daily Mirror newspaper: &ldquo]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/tv-legend-facing-bankruptcy-due-to-unpaid-hmrc-debt/Mon, 29 Jan 2024 08:44:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/tv-legend-facing-bankruptcy-due-to-unpaid-hmrc-debt/ EDF, Octopus and Scottish Power can install the meters again after meeting various requirements set by Ofgem, the industry regulator.
For years, energy companies were able to force-fit prepayment meters into homes when bills went unpaid.
But agents for British Gas were exposed installing them inappropriately.
They were forcing their way into the home]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/energy-firms-allowed-to-forcibly-fit-prepayment-meters-again/Mon, 08 Jan 2024 17:01:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/energy-firms-allowed-to-forcibly-fit-prepayment-meters-again/ As a business owner, one of the most frustrating parts of running your own company is dealing with unpaid invoices. It can be incredibly time-consuming and stressful trying to chase down money that you are rightfully owed. However, it’s something that every business has to deal with at some point or another.
How to chase unpaid invoices is a common question that comes up for many an Accountant, finance manager and so on. But what is the best st]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/how-to-chase-unpaid-invoices-expert-guide-for-2024/Thu, 04 Jan 2024 13:12:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/how-to-chase-unpaid-invoices-expert-guide-for-2024/ Burton Manor College in Wirral closed more than 12 years ago. The adult education centre was used by a number of public authorities including Liverpool City Council and the University of Liverpool.
At the time of its closure, the city council was responsible for underwriting money owed by the college, accrued as a result of payroll commitments.
It has been confirmed the city council has accepted it will]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/council-writes-off-15m-business-debt-owed-by-college/Tue, 02 Jan 2024 18:16:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/council-writes-off-15m-business-debt-owed-by-college/ The Alyn and Deeside MS brought forward the proposal after The Times exposed British Gas debt collectors joking as they forced their way into the homes of vulnerable customers.
He said: “And the more I read about the behaviour of debt collectors and bailiffs, the more determined I became to do something.
Mr Sargeant told the chamber that a]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/welsh-mp-calls-for-tighter-debt-collection-regulations-in-wales/Tue, 19 Dec 2023 13:45:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/welsh-mp-calls-for-tighter-debt-collection-regulations-in-wales/ A Section 114 notice would mean it may have to stop all new spending apart from essential services including social care and waste collections.
A £73m overspend for the current year is predicted for the local authority.
The government said it had made £45.9m available to the council and was open to discuss pressur]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/bradford-council-close-to-being-bankrupt/Fri, 15 Dec 2023 11:36:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/bradford-council-close-to-being-bankrupt/ The ONS Inter-Departmental Business Register shows that there was a 7% year-on-year decline in new businesses in 2022, while business closures were up 5%, meaning it was the first time since 2010 that there is more businesses closing than opening in the UK.
The analysis shows that the number of businesses closing in the construction sector climbed by 4]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/more-businesses-closing-than-opening-says-latest-statistics/Thu, 14 Dec 2023 10:46:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/more-businesses-closing-than-opening-says-latest-statistics/ The report also revealed that the average time taken to pay SMEs has reduced from 81 days in 2010 to 36 days in 2021.
Despite this positive trend, more improvement is still needed – l]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/small-businesses-owed-22k-on-average-in-the-uk/Wed, 13 Dec 2023 16:06:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/small-businesses-owed-22k-on-average-in-the-uk/ Joanne Barker ran the Rochdale-based Barton Kendall agency with her husband Paul and other directors.
The Daily Mail reports that from 2014 to 2018 Barker diverted money from the firm’s client account into her own personal bank account. She used it, amongst other things, to make rental payments to a fictitious landlord and pay for a]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/dodgy-lettings-agent-convicted-of-stealing-128k-from-landlords/Thu, 07 Dec 2023 12:25:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/dodgy-lettings-agent-convicted-of-stealing-128k-from-landlords/ This statistic is according to new research from R3, the UK’s insolvency and restructuring trade body.
R3’s analysis of data provided by Creditsafe shows that overdue invoice numbers in Wales have fallen from 245,759 in October 2022 to 142,266 in October of this year – a drop of 42.1%.
Wales saw the third largest year-on-year fall in over]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/number-of-overdue-invoices-in-wales-drops-by-42/Wed, 06 Dec 2023 11:20:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/number-of-overdue-invoices-in-wales-drops-by-42/ Cosla issued the warning in a briefing paper ahead of the Scottish budget on 19 December.
The local government body said Local Scottish councils need nearly £14.4bn in the budget just to “stand still”.
The Scottish government said it had given councils a real-terms increase of £376m, or 3%, this year.
Cosla’s comments came after Birmi]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/local-scottish-councils-advise-of-huge-bankruptcy-threat/Tue, 05 Dec 2023 09:44:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/local-scottish-councils-advise-of-huge-bankruptcy-threat/ The report is for months July, August and September. Also referred to as Q3.
The full report released from the Registry Trust detailing the number of ccjs issued is as follows:
The total number of judgments registered in the British Isles in Q3 2023 was 259,343. This total number excludes England and Wales High Court Judgments, Scotland Ordinary Causes and Northern Ireland High Court Judgments.
Comparing th]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/sharp-increase-in-number-of-ccjs-issued-in-q3-2023/Fri, 01 Dec 2023 16:59:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/sharp-increase-in-number-of-ccjs-issued-in-q3-2023/ Companies bidding for government contracts worth over £5m must demonstrate they pay all invoices within 55 days, or face a public work ban
The potential public work ban was announced as part of the Autumn Statement, where chancellor Jeremy Hunt outlined the deadlines that would tighten over the next couple of years.
Coming into effect from April 2024, firms bidding for Gover]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/late-paying-contractors-to-be-hit-with-public-work-ban/Wed, 29 Nov 2023 10:15:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/late-paying-contractors-to-be-hit-with-public-work-ban/ According to Treasury estimates, the injection of cash will help HMRC’s debt management team recoup £515million in taxes in 2024-25. By 2025, over £1billion worth of unpaid taxes will be recovered according to the announcement in last week’s Autumn Statement.
Improving HMRC debt management resource
The Treasury say]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/163m-boost-for-hmrc-debt-collection-unit/Tue, 28 Nov 2023 10:17:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/163m-boost-for-hmrc-debt-collection-unit/ Whether you’re a small business owner or run a large corporation, using the right accounting software can be the difference between success and failure.
The best accounting software can simplify your financial processes, help you stay organized, and even enable you to make better business decisions.
We have e]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/best-small-business-accounting-software-for-2024/Mon, 27 Nov 2023 17:29:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/best-small-business-accounting-software-for-2024/ The data from the Office for National Statistics (ONS) also reveals that the so-called business death rate surpassed the “birth rate” of new businesses being founded in 2022 for the first time since 2010.
The figures show 345,000 businesses across the UK shut their doors in 2022 – a 5% increase on the 328,000 that closed in 2021, and the highest figure since records began in 2002.
Meanwhi]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/number-of-businesses-closing-hits-record-levels/Fri, 24 Nov 2023 17:22:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/number-of-businesses-closing-hits-record-levels/ Mordechay Ben-Moshe, 48, was a Director of Birmingham-based Extra Energy Supply, which supplied around 130,000 household and business customers at the point it went into administration in December 2018.
Extra Energy Supply was under investigation already
At the time of its collapse, Extra Energy Supply was under investigation by energy regulator Ofgem for alleged breaches of its regulations. Ofge]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/extra-energy-supply-director-hit-with-6-year-ban/Tue, 21 Nov 2023 09:10:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/extra-energy-supply-director-hit-with-6-year-ban/ There has been a rise in The difficulty small business owners are experiencing accessing funding without having to sign a Directors personal guarantee has become clear according new analysis by Purbeck Insurance.
The company say that October 2023 saw the largest number of small business owners ever recorded, taking insurance to mitigate the risk of signing a Directors personal guarantee as a co]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/directors-personal-guarantee-usage-on-the-rise-says-research/Fri, 17 Nov 2023 17:00:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/directors-personal-guarantee-usage-on-the-rise-says-research/ The latest monthly figures from the Insolvency Service for England & Wales have indicated that personal insolvency numbers increased by 35.7% in October 2023 to a total of 9,881 compared to September’s total of 7,280, and decreased by 6.1% compared to October 2022’s figure of 10,528.
Personal insolvencies increased by 2.1% from October 2021’s total of 9,682 and decreased by 1.7% from pre-pandemic levels in]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/personal-insolvency-rising-sharply-according-to-new-figures/Thu, 16 Nov 2023 10:12:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/personal-insolvency-rising-sharply-according-to-new-figures/ The latest figures from the Insolvency Service have shown that the number of business insolvencies in England & Wales for October 2023 was 2,315, 18% higher than in the same month in the previous year (1,954 in October 2022).
The UK business insolvencies consisted of 256 compulsory liquidations, 1,889 creditors’ voluntary liquidations (CVLs), 146 administrations, 23 company voluntary arrangements (CVAs) and one receivership appointment.]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/uk-business-insolvency-rises-by-18/Wed, 15 Nov 2023 10:47:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/uk-business-insolvency-rises-by-18/ Almost half (48%) of small to medium enterprises cited cash flow as the largest single challenge their business was facing, according to research by Millbrook Business Finance.
This was followed by the cost-of-living crisis (32%) and energy prices (30%).
The firm surveyed its database of SME owners and directors in October 2023 to establish the leading pain points for businesses.
Apart]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/cash-flow-is-small-business-owners-biggest-concern/Thu, 09 Nov 2023 18:17:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/cash-flow-is-small-business-owners-biggest-concern/ Only last week, the company, which has its HQ in Bradford, announced administrators had been appointed.
Around 680 of its workers were made redundant as a result of the firm going into administration.
The company failed after facing a series of pressures, including runaway inflation and poor consumer confidence, administrators said.
The unseasonably warm weather in September also dented demand for its products.
ITV flagship b]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/double-glazing-giant-facing-liquidation/Tue, 07 Nov 2023 10:13:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/double-glazing-giant-facing-liquidation/ Freelancers are very often self employed or small one man businesses. A client not paying an invoice can hit hard, both mentally and economically.
Freelancer Late Payments are an economic disrupto]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/freelancers-being-hit-with-rise-in-late-payments/Thu, 02 Nov 2023 14:37:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/freelancers-being-hit-with-rise-in-late-payments/ Freelancers are very often self employed or small one man businesses. A client not paying an invoice can hit hard, both mentally and economically.
Freelancer Late Payments are an economic disrupto]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/freelancers-being-hit-by-rise-in-late-payments/Thu, 02 Nov 2023 14:37:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/freelancers-being-hit-by-rise-in-late-payments/ In new data, it has been revealed that the number of insolvent restaurant companies has  has risen by 46% in the past year.
The total increased from 1,517 in 2021/22 to 2,214 in 2022/23, amid rising costs of servicing debt and the squeeze on consumer spending, according to advisory firm Mazars.
Associate director Paul Maloney said people were still being hit by rate rises and inflation so were cutt]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/number-of-insolvent-restaurant-companies-rising-by-the-week/Mon, 30 Oct 2023 17:18:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/number-of-insolvent-restaurant-companies-rising-by-the-week/ A Liverpool City Council report said about £42m of debts, which was mostly uncollected council tax dating back to 1997, was now “clearly irrecoverable”.
The Labour-run authority said “regular review and write-off of debt” was a “standard financial practice”.
The council’s Liberal Democrat opposition said it was a “smack in the face”]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/huge-42m-debt-written-off-by-city-council/Wed, 11 Oct 2023 15:43:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/huge-42m-debt-written-off-by-city-council/ The Prompt Payment & Cash Flow Review is a scrutiny of current payment practices, measures and progress in combating SME late payments issues to help the government assess the right support is in place to support small businesses.
SME late payments
In 2022, SMEs were owed on average an estimated £22,000 in late payments. The gove]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/government-vows-to-act-on-sme-late-payments/Wed, 04 Oct 2023 09:49:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/government-vows-to-act-on-sme-late-payments/ 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]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/district-council-writes-off-135m-of-uncollectable-debt/Thu, 07 Sep 2023 12:51:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/district-council-writes-off-135m-of-uncollectable-debt/ 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]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/major-contractors-admit-20-of-invoices-are-paid-late/Mon, 04 Sep 2023 09:06:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/major-contractors-admit-20-of-invoices-are-paid-late/ 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]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/e-bike-manufacturer-goes-into-liquidation/Thu, 03 Aug 2023 14:36:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/e-bike-manufacturer-goes-into-liquidation/ 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]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/number-of-businesses-closing-continues-to-increase-in-2023/Wed, 02 Aug 2023 09:16:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/number-of-businesses-closing-continues-to-increase-in-2023/ 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]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/uk-exporters-braced-for-non-payment-rise-from-overseas-customers/Sat, 29 Jul 2023 10:35:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/uk-exporters-braced-for-non-payment-rise-from-overseas-customers/ 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]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/home-care-providers-facing-collapse-due-to-unpaid-invoices/Fri, 28 Jul 2023 09:05:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/home-care-providers-facing-collapse-due-to-unpaid-invoices/ 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)]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/new-small-business-jobs-being-held-back-by-late-payments/Thu, 27 Jul 2023 12:15:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/new-small-business-jobs-being-held-back-by-late-payments/ 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]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/debt-collection-sms-text-scam-warning/Wed, 12 Jul 2023 12:13:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/debt-collection-sms-text-scam-warning/ 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]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/5-restaurants-closing-every-day/Thu, 06 Jul 2023 08:57:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/5-restaurants-closing-every-day/ 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]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/number-of-insolvent-businesses-hits-record-high/Mon, 26 Jun 2023 17:48:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/number-of-insolvent-businesses-hits-record-high/ 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]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/london-tenant-evictions-halted-over-bailiff-safety-fears/Wed, 14 Jun 2023 12:08:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/london-tenant-evictions-halted-over-bailiff-safety-fears/ 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]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/government-ban-on-no-fault-evictions/Thu, 18 May 2023 12:32:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/government-ban-on-no-fault-evictions/ 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]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/man-sentenced-for-smashing-up-debt-collectors-van/Wed, 10 May 2023 09:33:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/man-sentenced-for-smashing-up-debt-collectors-van/ 97.43% of all judgments processed were from the England and Wales jurisdiction.
The total value of judgments across all jur]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/number-of-ccjs-rises-in-the-uk-by-nearly-15-in-2023-q1/Wed, 03 May 2023 10:41:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/number-of-ccjs-rises-in-the-uk-by-nearly-15-in-2023-q1/ 97.43% of all judgments processed were from the England and Wales jurisdiction.
The total value of judgments across all jur]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/number-of-ccjs-rises-in-the-uk-by-15-in-2023-q1/Wed, 03 May 2023 10:41:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/number-of-ccjs-rises-in-the-uk-by-15-in-2023-q1/ 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]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/late-payment-increase-sees-pressure-grow-on-suppliers/Thu, 27 Apr 2023 08:39:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/late-payment-increase-sees-pressure-grow-on-suppliers/ 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]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/renewable-energy-company-enters-liquidation-with-huge-debts/Tue, 25 Apr 2023 11:03:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/renewable-energy-company-enters-liquidation-with-huge-debts/ 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]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/over-75-of-smes-have-cashflow-worries-says-new-data/Mon, 24 Apr 2023 09:44:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/over-75-of-smes-have-cashflow-worries-says-new-data/ 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,]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/charity-accuses-london-bailiffs-firm-of-dressing-up-as-police/Fri, 21 Apr 2023 10:48:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/charity-accuses-london-bailiffs-firm-of-dressing-up-as-police/ 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]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/homes-under-the-hammer-presenters-firm-collapses-with-debts-of-3m/Fri, 14 Apr 2023 11:43:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/homes-under-the-hammer-presenters-firm-collapses-with-debts-of-3m/ 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]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winter-saw-over-12-million-overdue-invoices-in-scotland/Thu, 13 Apr 2023 14:20:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winter-saw-over-12-million-overdue-invoices-in-scotland/ 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]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/retail-suppliers-late-payment-worsening/Tue, 11 Apr 2023 09:59:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/retail-suppliers-late-payment-worsening/ 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]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/school-meal-debts-to-be-cancelled-by-city-council/Thu, 06 Apr 2023 11:19:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/school-meal-debts-to-be-cancelled-by-city-council/ Speaking at Tuesday’s cabinet meeting (April 4), deputy mayor and cabinet member for environment and sustainable transport, James Asser said: “]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/council-forced-to-write-off-72m-of-uncollected-debt/Wed, 05 Apr 2023 12:07:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/council-forced-to-write-off-72m-of-uncollected-debt/ 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]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/netflix-drama-star-linked-to-alleged-debt-collection-scam/Tue, 04 Apr 2023 14:05:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/netflix-drama-star-linked-to-alleged-debt-collection-scam/ 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]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/luxury-car-retailer-in-liquidation-with-debts-of-114m/Wed, 29 Mar 2023 10:45:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/luxury-car-retailer-in-liquidation-with-debts-of-114m/ 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]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/bailiff-shortage-and-court-errors-costing-landlords-up-to-20k/Tue, 28 Mar 2023 14:51:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/bailiff-shortage-and-court-errors-costing-landlords-up-to-20k/ 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]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/hmrc-hiring-private-debt-collection-firms-to-collect-overpayments/Mon, 27 Mar 2023 17:23:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/hmrc-hiring-private-debt-collection-firms-to-collect-overpayments/ 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]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/rent-strike-students-evicted-by-bailiffs/Fri, 24 Mar 2023 11:27:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/rent-strike-students-evicted-by-bailiffs/ 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]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/city-council-owed-over-7m-in-unpaid-rent-arrears/Thu, 23 Mar 2023 11:43:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/city-council-owed-over-7m-in-unpaid-rent-arrears/ 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]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/bailiffs-swoop-on-luton-airport-to-collect-unpaid-ccj/Tue, 21 Mar 2023 09:30:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/bailiffs-swoop-on-luton-airport-to-collect-unpaid-ccj/ 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]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/industry-report-says-late-payments-reaching-crisis-levels/Mon, 13 Mar 2023 18:26:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/industry-report-says-late-payments-reaching-crisis-levels/ 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]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/ivas-hit-record-levels-in-the-uk/Thu, 02 Mar 2023 12:27:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/ivas-hit-record-levels-in-the-uk/ 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]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/classic-motorcycle-brand-facing-liquidation-due-to-customer-dispute/Thu, 23 Feb 2023 11:33:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/classic-motorcycle-brand-facing-liquidation-due-to-customer-dispute/ 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,]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/helpful-user-guide-to-large-file-sharing-and-file-transfer/Thu, 23 Feb 2023 10:17:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/helpful-user-guide-to-large-file-sharing-and-file-transfer/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/local-council-facing-insolvency-with-billions-owing-in-unpaid-debts/Thu, 23 Feb 2023 09:12:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/local-council-facing-insolvency-with-billions-owing-in-unpaid-debts/ 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]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/unpaid-medical-fees-sees-irish-hospital-turn-to-debt-collection-agency-for-help/Fri, 17 Feb 2023 10:40:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/unpaid-medical-fees-sees-irish-hospital-turn-to-debt-collection-agency-for-help/ 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]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/scottish-network-highlights-freelancer-late-payment-issues/Thu, 16 Feb 2023 09:55:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/scottish-network-highlights-freelancer-late-payment-issues/ 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]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/football-club-facing-winding-up-order-over-unpaid-debts/Wed, 15 Feb 2023 11:18:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/football-club-facing-winding-up-order-over-unpaid-debts/ 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]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/surge-in-private-landlord-rental-evictions/Fri, 10 Feb 2023 09:57:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/surge-in-private-landlord-rental-evictions/ 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]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/debt-recovery-effort-sees-437000-written-off-by-council/Thu, 09 Feb 2023 11:25:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/debt-recovery-effort-sees-437000-written-off-by-council/ 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]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/utility-debt-collection-agency-to-be-investigated-by-ofgem/Fri, 03 Feb 2023 11:38:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/utility-debt-collection-agency-to-be-investigated-by-ofgem/ 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]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/mps-family-firm-chased-smes-for-unpaid-commercial-rent-during-covid/Mon, 30 Jan 2023 10:14:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/mps-family-firm-chased-smes-for-unpaid-commercial-rent-during-covid/ 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]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/construction-late-payment-worsening-says-data-firm/Fri, 27 Jan 2023 12:46:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/construction-late-payment-worsening-says-data-firm/ 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]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/business-ccjs-double-whilst-firms-in-significant-distress-soars/Thu, 26 Jan 2023 17:00:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/business-ccjs-double-whilst-firms-in-significant-distress-soars/ 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]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/lottery-winner-jailed-due-to-12k-unpaid-debt/Tue, 24 Jan 2023 10:44:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/lottery-winner-jailed-due-to-12k-unpaid-debt/ 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]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/uk-business-insolvency-rises-by-nearly-a-third/Fri, 20 Jan 2023 12:01:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/uk-business-insolvency-rises-by-nearly-a-third/ 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]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/personal-debt-in-the-uk-rose-by-a-third-in-2022/Fri, 13 Jan 2023 09:56:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/personal-debt-in-the-uk-rose-by-a-third-in-2022/ 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.]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/luxury-candle-maker-goes-bust-with-huge-unpaid-business-debts/Wed, 11 Jan 2023 10:55:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/luxury-candle-maker-goes-bust-with-huge-unpaid-business-debts/ 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]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/council-forced-to-write-off-over-1m-of-uncollected-debts/Fri, 06 Jan 2023 09:15:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/council-forced-to-write-off-over-1m-of-uncollected-debts/ The figures showed individuals borrowed an additional £1.5 billion in all forms of consumer credit, an increase on the £700m borrowed in October, of which £1.2 billion was on credit cards (an increase of £400m when compared to October), as concerns mounted over the impact of high inflation on struggling households.
The annual growth of credit card borro]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/credit-card-use-up-to-highest-levels-since-2004/Thu, 05 Jan 2023 13:35:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/credit-card-use-up-to-highest-levels-since-2004/ In the U.K, the government announced the launch of a review into progress made in combating late business payments at the end of 2022, while the European Commission (EC) has included the revision of the late payments directive in its work program for 2023.
Both the U.K. government and EC have described benefits that their policies will bring to small- to medium-sized businesses (SMBs), a mainst]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/european-business-late-payment-clampdown-in-2023/Wed, 04 Jan 2023 11:33:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/european-business-late-payment-clampdown-in-2023/ While it can be be tempting to ignore a mounting unpaid debt problem in a Limited Company, it is the worst thing a business owner can do.
If a business is a limited company, there are many avenues open to the Business owners to resolve debt-related problems. So, where does someone start?
Different types of business debt
Firstly, it needs to be established what debt the company currently owes:
1. typical Business borrowing, e.g.]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/limited-company-struggling-with-debts-what-are-the-options/Tue, 03 Jan 2023 13:11:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/limited-company-struggling-with-debts-what-are-the-options/ A bankruptcy order was made against the MP at a hearing in the Insolvency and Companies Court on Tuesday.
The Windsor MP had already announced he would be standing down at the next election, saying with Brexit “concluded” it was the “right time”.
Responding to the court order, Mr Afriyie said it was “a stressful time”.
&]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/mp-made-bankrupt-due-to-17m-of-personal-debt/Thu, 15 Dec 2022 13:35:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/mp-made-bankrupt-due-to-17m-of-personal-debt/ The move is aimed at safeguarding households from “rogue” debt collectors who deploy threatening behaviour on their visits to squeeze cash out of families.
Private debt collectors and enforcement agents, most commonly known as bailiffs, visit homes to collect a range of debts including unpaid fines and tax bills.
While there are rules regulating thei]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/bailiffs-forced-to-wear-body-cameras-under-new-laws/Tue, 13 Dec 2022 12:42:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/bailiffs-forced-to-wear-body-cameras-under-new-laws/ Closures in the sector rose by 60%, with 1,567 insolvencies over 2021-22, up from 984 during 2020-21, according to a study by the advisory firm Mazars. The figure includes 453 over the past three months, up from 395 in the previous quarter.
“Insolvencies of restaurant businesses are now happening at a far faster rate t]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/uk-restaurants-going-bust-at-a-faster-rate-than-during-covid/Mon, 12 Dec 2022 10:22:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/uk-restaurants-going-bust-at-a-faster-rate-than-during-covid/ Centrica Chief Executive Chris O’Shea is reported in the Daily Mail as suggesting some small energy firms have already run out of cash. This would render them as technically insolvent which makes for uncomfortable reading for many.
Mr O’Shea also made the further prediction that so]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/more-uk-energy-firms-are-predicted-to-go-bust-in-2023/Thu, 08 Dec 2022 12:21:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/more-uk-energy-firms-are-predicted-to-go-bust-in-2023/ Business secretary Grant Shapps said the review was to stop larger companies “ripping off” their smaller counterparts. The government also urged larger businesses to pay their suppliers promptly.
It warned that small businesses spend significant time and resources chasing late payments from businesses they supply, which can lead to cash flow problems.The Payment and Cash Flow review will]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/government-to-review-uk-small-business-late-payments/Tue, 06 Dec 2022 09:47:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/government-to-review-uk-small-business-late-payments/ The Enforcement Conduct Board (ECB) is the new independent oversight body for bailiffs set up to ensure that all those who are subject to enforcement action in England and Wales are fairly treated.
The Centre for Social Justice has reported that the number of enforcement orders and warrants across the UK has risen in recent yea]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/new-regulatory-body-for-bailiffs-launched/Fri, 02 Dec 2022 10:30:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/new-regulatory-body-for-bailiffs-launched/ This is an increase from 1.8 million in the same period in 2021. The data has revealed that almost 30,000 drivers are issued with parking tickets every day.
That is an average of nearly 30,000 every day a]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/50-rise-in-car-parking-fines-issued/Thu, 01 Dec 2022 11:25:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/50-rise-in-car-parking-fines-issued/ It shows the number of overdue invoices past the payment deadline owed to firms in the region has risen for the sixth month in a row to almost 830,500 – up by 11 per cent since March.
R3’s analysis of data provided by Creditsafe also reveals that the number of companies in the region which were behind with their bills thems]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/late-payment-worsens-for-businesses-in-the-north-west/Wed, 30 Nov 2022 11:54:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/late-payment-worsens-for-businesses-in-the-north-west/ The study, which looked at the insolvency rate of companies with a 75%+ male or female board, showed that male-dominated companies went bust at a rate of 0.84%, versus 0.59% for majority-female companies.
This means that companies were 42% more likely to become insolvent if their boards were male-dominated.
The study also considered single-directo]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/insolvent-companies-more-likely-to-be-run-by-men-says-report/Tue, 29 Nov 2022 10:31:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/insolvent-companies-more-likely-to-be-run-by-men-says-report/ It comes as the retailer’s owner LetterOne, which has been plagued by challenges linked to its sanction-hit Russian investors, completed a deal to buy back more than £700m of business debts, The]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/high-street-giant-apologises-for-business-late-payments/Mon, 28 Nov 2022 17:31:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/high-street-giant-apologises-for-business-late-payments/ Analysis of payments data provided to the Department for Business, Energy, and Industrial Strategy of the FTSE 100 and 250 by AP automation provider Medius, reveals the three worst industries for late payments in the first half of this year.
BEIS data highlights the percentage of invoices paid late, finding huge variation across the FTS]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/worst-sectors-for-late-payment-in-2022-named-and-shamed/Fri, 25 Nov 2022 11:37:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/worst-sectors-for-late-payment-in-2022-named-and-shamed/ Firstly, Goodlord and Vouch claims that 17 per cent more agents are buying insurance products now compared to this time last year, presumably on the instruction of their landlord clients.
According to Goodlord’s monthly rental index, a]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/rising-unpaid-rent-arrears-sees-surge-in-landlords-seeking-rent-insurance/Thu, 24 Nov 2022 13:34:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/rising-unpaid-rent-arrears-sees-surge-in-landlords-seeking-rent-insurance/ Cardiff council took the decision to write off “irrecoverable” debts amounting to over £1 million owed to it through taxes on non-domestic properties.
Cardiff Council’s cabinet voted to authorise the writing off of non-domestic rates debts totaling £1,282,187.71 at a meeting today.
Income from non-domestic rates – taxes paid on non-domestic properties, like shop]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/council-writes-off-nearly-13m-in-unpaid-business-debt/Fri, 18 Nov 2022 11:44:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/council-writes-off-nearly-13m-in-unpaid-business-debt/ There have also been reports that FTX suffered a hack, taking millions of dollars of crypto from the firm. It’s a worrying time for individuals who have money in the business.
In the UK, crypto assets are largely unregulated, and experts and financial watchdogs warn there’s little protection for consumers.
Despite strong warnings from]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/failed-crypto-firm-sees-a-million-people-and-businesses-owed-money/Wed, 16 Nov 2022 11:34:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/failed-crypto-firm-sees-a-million-people-and-businesses-owed-money/ “Any company that is very aware of its accounts and on top of its numbers will have more information at hand and will therefore be able to spot cashflow problems more easily,” he says.
“We know that the accountants]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/accountants-should-help-prevent-sme-late-payment-says-expert/Mon, 14 Nov 2022 11:23:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/accountants-should-help-prevent-sme-late-payment-says-expert/ Alix Ramsier won the Brighton marathon last year and has employed Debt Collectors to recover his winnings. The company that acts as organisers of the Brighton Marathon is called Grounded events.
Mr Ramiser from South Croydon is owed £2,000 for winning the Brighton 2022 marathon. He has employed a debt collection agency to help him recover the winnings from Grounded Events.
The elit]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/marathon-runner-employs-debt-collectors-to-collect-winnings/Thu, 10 Nov 2022 10:08:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/marathon-runner-employs-debt-collectors-to-collect-winnings/ The proportion of clients with energy bill debt also continued to creep up. Among clients with a responsibility for paying dual fuel bills, the proportion of clients in arrears with these bills has increased by two percentage points f]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/most-common-cause-of-debt-is-cited-as-the-cost-of-living/Tue, 08 Nov 2022 14:22:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/most-common-cause-of-debt-is-cited-as-the-cost-of-living/ The proportion of clients with energy bill debt also continued to creep up. Among clients with a responsibility for paying dual fuel bills, the proportion of clients in arrears with these bills has increased by two percentage points f]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/most-common-cause-of-debt-is-cited-as-cost-of-living/Tue, 08 Nov 2022 14:22:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/most-common-cause-of-debt-is-cited-as-cost-of-living/ Quarterly insolvency statistics for July to September (Q3) 2022 also show corporate insolvency appointments are currently over 50% higher than levels in 2021.
Between 1 July and 30 September 2022 (Q3 2022), there were 5,595 regist]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/company-insolvencies-up-71-in-the-uk/Fri, 04 Nov 2022 13:29:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/company-insolvencies-up-71-in-the-uk/ The court heard that Sukhi Sanghera (50) was made bankrupt in August 2017 by order of the County Court in Warwick, with debts of over £140,000. The Official Receiver was appointed trustee before other trustees were appointed to administer Sukhi Sanghera’s]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/debtor-jailed-for-hiding-assets-from-trustees/Wed, 02 Nov 2022 19:45:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/debtor-jailed-for-hiding-assets-from-trustees/ Xero’s Small Business Index, based on aggregated data from hundreds of thousands of small businesses, found that in the UK unpaid invoices are paid significantly later than they are in Australia (6.5 days]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/small-business-late-payments-hit-2-year-high/Mon, 31 Oct 2022 11:22:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/small-business-late-payments-hit-2-year-high/ The company operated two businesses, NB Construction and NB Wholesale. Between February and April 2021, it ordered various construction goods on business credit under each name following approaches to suppliers.
Representatives for NB Construction would approach building sites or]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/rogue-construction-firm-shut-down-due-to-business-credit-scam/Thu, 27 Oct 2022 14:54:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/rogue-construction-firm-shut-down-due-to-business-credit-scam/ Mike Regnier told the Guardian that he was keeping a close eye on the “strain and pressure” facing customers as a result of the cost of living crisis, which has made it harder for some households to keep up with rising food and energy bills and financial]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/banks-advise-of-rise-in-unpaid-mortgage-debt/Thu, 27 Oct 2022 09:50:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/banks-advise-of-rise-in-unpaid-mortgage-debt/ The survey by Ivalua found six in 10 (59%) UK businesses said suppliers had terminated their relationships with them due to repeated late payments, and 62% said paying suppliers late had significantly damaged relationships.
Two-thirds of businesses (67%) feared a “global cashflow crisis” would occur if firms continue to pay late.
Stephen Carter, direc]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/uk-suppliers-refusing-orders-due-to-late-payments/Wed, 26 Oct 2022 09:56:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/uk-suppliers-refusing-orders-due-to-late-payments/ He could easily have suffered very serious life-threatening injuries if one of the knife wounds had been just 2mm to one side, Hull Crown Court heard. The tenant of the restaurant, who was being asked to pay a debt on the rent, became angry and aggressive and called in help from a]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/bailiff-attacked-with-knife-whilst-trying-to-collect-10000-debt/Fri, 21 Oct 2022 11:34:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/bailiff-attacked-with-knife-whilst-trying-to-collect-10000-debt/ This comes weeks after fellow premiership side Worcester Warriors announced they were going into administration.
Wasps Holdings Limited, which is the holding company for Wasps men’s and women’s rugby teams, and Wasps netball, has ceased trading with immediate effect.The administrators FRP said t]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/rugby-clubs-collapse-due-to-unpaid-business-debts/Tue, 18 Oct 2022 10:52:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/rugby-clubs-collapse-due-to-unpaid-business-debts/ Could stricter penalties and more transparency in regulation and reporting make a difference?
Small businesses have long suffered from suppliers paying them late, but mounting economic challenges including rising inflation and the falling value of the pound are only serving to aggravate the problem. Late payments cost small business owners £684m a year, with most receiving payment 5.8 days late on average, n]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/late-payments-costing-small-businesses-684m/Tue, 18 Oct 2022 10:33:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/late-payments-costing-small-businesses-684m/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/zvilo-joins-global-startup-community-at-web-summit-2022/Thu, 13 Oct 2022 12:20:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/zvilo-joins-global-startup-community-at-web-summit-2022/ Brian Glendinning aged 43 from Fife in Scotland was contracted to work on a Oil refinery in Iraq but was arrested on a Interpol ‘red notice’ at Bagdad Airport on September 12th.
His arrest has]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/uk-man-being-extradited-due-to-unpaid-debt-in-qatar/Mon, 10 Oct 2022 11:33:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/uk-man-being-extradited-due-to-unpaid-debt-in-qatar/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/zvilo-secures-50m-debt-facility-from-fasanara-capital/Thu, 06 Oct 2022 11:22:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/zvilo-secures-50m-debt-facility-from-fasanara-capital/ Coronation Street is watched by millions of television viewers every week in the UK and attracts a worldwide audience also. They are reportedly running a storyline involving Professional Debt Collectors and approach award-winning debt collection agency Federal Management for assistance.
Federal Management’s guidance and experti]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/debt-collection-experts-called-up-as-advisers-for-top-tv-soap/Mon, 26 Sep 2022 16:09:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/debt-collection-experts-called-up-as-advisers-for-top-tv-soap/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/paysend-reaches-30k-reviews-on-trustpilot/Wed, 21 Sep 2022 11:31:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/paysend-reaches-30k-reviews-on-trustpilot/ The figures show that company insolvencies increased over the past year from 11,949 to 20,512
The latest Insolvency Service figures indicated that 1,933 companies entered insolvency with pubs, bars and restaurants in the hospitality sector being the most affected.
Since the pandemic]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/company-insolvency-rate-rises-by-72-over-past-year/Tue, 20 Sep 2022 10:04:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/company-insolvency-rate-rises-by-72-over-past-year/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/global-fintech-mampa-continues-two-year-climb-to-defy-broader-mampa-slowdown-says-hampleton-partnersrsquo-report/Wed, 14 Sep 2022 10:35:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/global-fintech-mampa-continues-two-year-climb-to-defy-broader-mampa-slowdown-says-hampleton-partnersrsquo-report/ County Court Money Claims are often seen as the very last resort when a debt goes unpaid. A file is submitted to the county court and the claimant pays a fee which starts from £35 for small claims. The debtor is then sent doc]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/84-of-ccjs-unsatisfied-in-england-and-wales/Tue, 13 Sep 2022 12:13:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/84-of-ccjs-unsatisfied-in-england-and-wales/ The water company, which was given the lowest one star rating for performance by the Environment Agency, has informed boycotters that it will be using bailiffs if they continue to hold back bill payments.
One customer was told in an email this week: “For customers who are unwilling to pay, we will have no opti]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/southern-water-turning-to-private-debt-collectors/Mon, 12 Sep 2022 16:57:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/southern-water-turning-to-private-debt-collectors/ The Insolvency Service is introducing changes to the deposits paid to initiate creditor bankruptcies and compulsory liquidations. The petition deposit, the amount that needs to be paid up-front to seek an order, will be increasing in all cases where a petition is filed at court on or after 1 November 2022]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/cost-of-bankruptcy-and-liquidation-petitions-to-increase/Fri, 09 Sep 2022 12:07:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/cost-of-bankruptcy-and-liquidation-petitions-to-increase/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/zvilo-accepted-as-part-of-tech-nations-fintech-50-growth-program/Thu, 08 Sep 2022 11:23:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/zvilo-accepted-as-part-of-tech-nations-fintech-50-growth-program/ The company commissioned an independent survey among 2,004 senior decision-makers in SMEs across the UK (504), Belgium (500), France (500) and the Netherlands (500). It found that just 37% of respondents understand what a payment rail is and how it works.
Only 10% of SMEs said that payments are processed instan]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/small-businesses-in-europe-relying-on-loans-due-to-late-payments/Wed, 07 Sep 2022 11:27:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/small-businesses-in-europe-relying-on-loans-due-to-late-payments/ Late payments totalled £22,700 for the average small business, with at least one overdue invoice in May, representing a 6% year-on-year rise.This amounts to 65% of their average monthly turnover, new data from accounting software Intuit QuickBooks showed.
Companies are expected to pay most invoic]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/late-payments-adding-to-small-business-cash-flow-worries/Thu, 01 Sep 2022 11:54:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/late-payments-adding-to-small-business-cash-flow-worries/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/moove-signs-mou-with-mufg-and-suzuki-to-promote-financial-inclusion-for-mobility-gig-workers-globally/Wed, 31 Aug 2022 12:05:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/moove-signs-mou-with-mufg-and-suzuki-to-promote-financial-inclusion-for-mobility-gig-workers-globally/ This is above the total value of alleged fraud seen in Crown Courts during the whole of 2021, which reached almost £445m, demonstrating that the eruption of fraud sweeping the UK is showing no sign of slowing according to new research by KPMG.
The volume of frau]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/rise-in-fraud-causing-courts-backlog/Wed, 31 Aug 2022 09:48:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/rise-in-fraud-causing-courts-backlog/ The research found that many of those insolvencies were of financially weaker production companies that missed out on last year’s UK film & TV industry boom as they couldn’t recruit staff.
Many of those financially weaker production companies have struggled as Covid lockdowns ke]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/tv-production-sector-sees-sharp-rise-in-business-insolvency/Tue, 30 Aug 2022 11:34:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/tv-production-sector-sees-sharp-rise-in-business-insolvency/ A company voluntary arrangement (CVA) can be used when a company is insolvent. It is an agreement to pay creditors over a fixed period. If the creditors agree then the business can continue trading.
CVAs have fallen]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/cvas-drop-47-after-hmrc-changes-debt-collection-rules/Wed, 24 Aug 2022 11:26:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/cvas-drop-47-after-hmrc-changes-debt-collection-rules/ Merlin Entertainments, which owns theme parks such as Alton Towers and Legoland as well as some of London’s top cultural destinations, faces proceedings due to a dispute over a unpaid business debt.
A winding up petition sees unpaid creditors take legal debt collection action against a company owing unpaid business debts.
Experian’s petition relates to a subsidiary, named Merlin]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/madame-tussauds-owners-served-with-winding-up-petition/Thu, 18 Aug 2022 17:23:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/madame-tussauds-owners-served-with-winding-up-petition/ During the conversation with Saltare CEO, Anthony Persse, Liz Barclay raised the issue of late payments hindering small and micro businesses, because often they’re forced to stretch funds if invoices are delayed or paid l]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/late-payment-warning-issued-by-small-business-commissioner/Thu, 18 Aug 2022 11:03:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/late-payment-warning-issued-by-small-business-commissioner/ The latest Begbies Traynor Red Flag Alert report has revealed the financial strain continuing to be faced by thousands of British businesses. The research found that the number of companies rated as being in “critical financial distress” continued to rise, jumping by more than a third in Q2 2022 compared with the same pe]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/37-increase-of-businesses-in-critical-distress/Tue, 16 Aug 2022 11:36:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/37-increase-of-businesses-in-critical-distress/ The figures show that 3,405 households in the private rental sector were evicted by bailiffs in England between April and June 2022, up 39% on the previous quarter.
It follows previous figures in May that showed that the number of ‘no-fault’ evictions issued in the first three months of this year was up 41% on the same period in 2020, which was largely be]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/private-bailiff-tenant-evictions-up-by-39/Mon, 15 Aug 2022 11:22:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/private-bailiff-tenant-evictions-up-by-39/ Rises in the late payment of invoices is stirring up a potential tidal wave of Small Business insolvencies. Thousands of small businesses are still failing to act on late payment or non payment of invoices that threaten their very existence.
Trade b]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/businesses-must-act-to-collect-unpaid-invoices-as-uk-recession-looms/Fri, 05 Aug 2022 12:13:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/businesses-must-act-to-collect-unpaid-invoices-as-uk-recession-looms/ Of the businesses surveyed, 1 in 5 said the issue of small business late payment is worsening due to chaotic economic conditions. High growth specialists for startup businesses Trachet say its a critical time for start-ups an]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/survey-shows-1-in-2-small-businesses-struggling-with-late-payments/Wed, 03 Aug 2022 11:35:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/survey-shows-1-in-2-small-businesses-struggling-with-late-payments/ As reported in the Shropshire star, TNC Debt Collection Agency had provided a no win no fee debt collection service to the Ambulance trust. It was stated that TNC recovered no debts at all in recent years. As a result,]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/ambulance-trust-writes-off-339k-after-debt-recovery-failure/Fri, 29 Jul 2022 10:30:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/ambulance-trust-writes-off-339k-after-debt-recovery-failure/ Now more than ever freelancers and self employed must do credit checks or some due diligence about new clients before they start working with them.Nearly a quarter (23%) of freelancers have had to use their credit card or overdraft and a further one in five (21%) have used up all or most of their savings]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/uks-top-10-worst-business-late-payers-named-and-shamed/Thu, 28 Jul 2022 12:35:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/uks-top-10-worst-business-late-payers-named-and-shamed/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/paysend-partners-with-damane-cash-to-enable-transfers-to-morocco/Thu, 28 Jul 2022 10:32:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/paysend-partners-with-damane-cash-to-enable-transfers-to-morocco/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/adsum-revolutionises-alt-fi-again-launches-rolling-monthly-tax-credit-facility/Wed, 27 Jul 2022 11:59:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/adsum-revolutionises-alt-fi-again-launches-rolling-monthly-tax-credit-facility/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/adsum-revolutionises-alt-fi-again-launches-monthly-tax-credit-financing-model/Wed, 27 Jul 2022 11:59:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/adsum-revolutionises-alt-fi-again-launches-monthly-tax-credit-financing-model/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/latest-research-shows-australian-consumer-interest-in-credit-cards-back-to-prepandemic-levels-but-not-for-some-cards/Tue, 26 Jul 2022 12:40:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/latest-research-shows-australian-consumer-interest-in-credit-cards-back-to-prepandemic-levels-but-not-for-some-cards/ Last year, government ministers introduced new legislations that gave the Insolvency Service powers to investigate and punish directors that abused the system to escape their creditors. A loophol]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/new-powers-used-by-insolvency-service-to-ban-covid-loan-abusers/Mon, 25 Jul 2022 10:18:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/new-powers-used-by-insolvency-service-to-ban-covid-loan-abusers/ The actor left the popular soap Emmerdale last year before going on to win the 2021 series of I’m a celebrity…. get me out of here.
His TV success was not repeated in his business venture according to documents submitted with Companies House.
The £117,]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/tv-stars-company-collapses-due-to-unpaid-debts/Fri, 22 Jul 2022 16:41:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/tv-stars-company-collapses-due-to-unpaid-debts/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/be-a-know-it-all-the-solution-to-the-61-billion-late-payment-problem-has-launched/Wed, 20 Jul 2022 13:27:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/be-a-know-it-all-the-solution-to-the-61-billion-late-payment-problem-has-launched/ The SME Insights Report, released by Simply Business, one of the UK’s biggest small business insurance providers, saw over 1,000 small business owners from across the UK surveyed. It lays bare the truth of how SMEs are responding to the current economic climate – navigating an uphill challenge of rising costs, late payment, staggering levels of infl]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/49-of-small-business-owners-being-forced-to-raise-prices/Wed, 20 Jul 2022 12:10:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/49-of-small-business-owners-being-forced-to-raise-prices/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/business-late-payment-spiralling-in-northern-ireland/Tue, 19 Jul 2022 10:57:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/business-late-payment-spiralling-in-northern-ireland/ The company says the highest interest rates in 13 years have made businesses’ debts more expensive to service and has led to an even greater number of indebted businesses falling into insolvency.
Mazars adds that if UK businesses hadn&rsq]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/shocking-rise-in-business-insolvencies/Mon, 18 Jul 2022 11:24:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/shocking-rise-in-business-insolvencies/ When a CCJ is not repaid despite a request by the court to do so, there are various options available to the claimant and creditor. CCJ Enforcement has been on the rise for a]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/enforcing-a-ccj-what-are-the-options/Mon, 18 Jul 2022 10:55:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/enforcing-a-ccj-what-are-the-options/ After the local authority approved a two-year extension to the contract for debt collectors in Liverpool on the very same day the existing terms were due to run out, a report to members of the finance and resources committee has revealed how busy they expect this year to be and how it will “assist with the council’s immediate financial requirements.” Liverpoo]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/debt-collectors-in-liverpool-chasing-30000-debts/Thu, 14 Jul 2022 14:34:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/debt-collectors-in-liverpool-chasing-30000-debts/ Andy Chamberlain of The Association of Independent Professionals and the Self Employed (IPSE) has highlighted that the problem is bigger than ever today and worsening. Small Business late payment is challenging enough but Self Employed freelancers and suchlike are very often living on the brea]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/self-employed-suffering-from-rise-in-late-payments/Tue, 12 Jul 2022 09:50:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/self-employed-suffering-from-rise-in-late-payments/ Andy Chamberlain of The Association of Independent Professionals and the Self Employed (IPSE) has highlighted that the problem is bigger than ever today and worsening. Small Business late payment is challenging enough but Self Employed freelancers and suchlike are very often living on the brea]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/self-employed-suffering-from-rise-in-late-payment/Tue, 12 Jul 2022 09:50:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/self-employed-suffering-from-rise-in-late-payment/ The notice advises that the Insolvency Service may used private debt collectors to recover income payment arrangements from bankrupt individuals. It also refers to collecting payments from companies that are in liquidation.
It is assumed the public notice has been issued for the avoidance of doubt for any private individuals. It also helps avoid scammers portraying themselves as acting on behalf of th]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/insolvency-service-advises-on-use-of-private-debt-collection-agencies/Thu, 07 Jul 2022 11:57:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/insolvency-service-advises-on-use-of-private-debt-collection-agencies/ Grigorijs Hacaturjancs was director of Beauty & Melody Shop Ltd which was incorporated in 2015 and operated as an online retailer for hair and beauty products. The company was not related to the London-based chain of hair and beauty s]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/10-year-ban-for-dodgy-director/Tue, 05 Jul 2022 10:33:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/10-year-ban-for-dodgy-director/ Where there is a shortfall in goods received or purchased, a black hole is often left and the task of International debt recovery becomes prominent. Recovering debts from overseas has never been easy but a trade report produced by Trade insurers Allianz Trade sheds some]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/international-debt-recovery-report-reveals-trickiest-countries-to-recover-from/Thu, 30 Jun 2022 11:39:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/international-debt-recovery-report-reveals-trickiest-countries-to-recover-from/ The individual is named Naveed Rai, who resides in Bromsgrove. Rai pleaded guilty at Gloucester Crown Court on June 23 to three charges brought by the Solicitors Regulation Authority.One of the charges he admitted was that on May 2, 2018, he acted as a solicitor while unqualified in that he]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/fake-lawyer-charged-over-county-court-appearance/Tue, 28 Jun 2022 12:09:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/fake-lawyer-charged-over-county-court-appearance/ Dorset Council Executive director for finance Aidan Dunn told councillors that one of the areas of concern remained debts to the authority although officers were being mindful of the pressures many residents were now under because of the rapidly rising cost of living increases.
Mr Dunn told an audit committee meeting on Wednesday that over the past two]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/council-vows-to-step-up-debt-recovery-efforts/Mon, 27 Jun 2022 11:04:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/council-vows-to-step-up-debt-recovery-efforts/ Whilst personal bankruptcies dropped in comparison to the same period for last year, it was not the same for the business world. Business Insolvencies have risen dramatically, largely due to the drying up of Business support through the pandemic.
The number of registered company insolvencies in May 2022 was 1,817:79%]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/business-insolvency-rises-but-personal-bankruptcy-declines/Fri, 24 Jun 2022 10:17:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/business-insolvency-rises-but-personal-bankruptcy-declines/ Post pandemic ‘orders’ are drying up and show a drop in order volumes across the board. A survey for June conducted by S&P and the Chartered Institute of Procurement said overall activity across service and manufacturing sectors hit a 15]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/small-business-debt-recovery-could-boost-sme-cash-flow-as-economy-shrinks/Thu, 23 Jun 2022 13:13:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/small-business-debt-recovery-could-boost-sme-cash-flow-as-economy-shrinks/ The 24th edition of the European Payment Report (EPR) clearly illustrates the multi-faceted challenges that businesses across Europe are facing.
“Europe is going through an eventful and cha]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/international-business-late-payment-rise-predicted-for-europe/Tue, 21 Jun 2022 11:59:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/international-business-late-payment-rise-predicted-for-europe/ The warning comes from accountant Price Bailey after analysing data from lender the British Business Bank following a Freedom of Information Act request.The Coronavirus Business Interruption Loan Scheme (CBILS) was closed for new applications on 31 March 2021, and businesses were given]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/startling-rise-in-construction-firm-recovery-loan-defaults/Wed, 15 Jun 2022 11:13:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/startling-rise-in-construction-firm-recovery-loan-defaults/ However, the new rules only permit landlords to issue possession and distraint orders for those arrears which fall outside the pandemic period. According to Allan Cadman, North West ch]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/unpaid-commercial-rent-arrears-on-the-rise/Tue, 14 Jun 2022 12:22:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/unpaid-commercial-rent-arrears-on-the-rise/ Petrol prices hit record highs last week with the price of filling the tank of the average family car surpassing £100
Debt Recovery specialist firm Forecourt Eye works with 1,000 garages in the UK. According to the BBC News website, they have said there has be]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/digital-debt-recovery-firm-tasked-with-tackling-unpaid-fuel-bills/Mon, 13 Jun 2022 11:29:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/digital-debt-recovery-firm-tasked-with-tackling-unpaid-fuel-bills/ Petrol prices hit record highs last week with the price of filling the tank of the average family car surpassing £100
Debt Recovery specialist firm Forecourt Eye works with 1,000 garages in the UK. According to the BBC News website, they have said there has be]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/digital-debt-recovery-firm-tasked-with-combating-unpaid-fuel-bills/Mon, 13 Jun 2022 11:29:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/digital-debt-recovery-firm-tasked-with-combating-unpaid-fuel-bills/ It is claimed that Office workers at the online brand have stopped answering the phones as angry suppliers and debt collection agencies continually call demanding payment, a source within the company claims.
Some Suppliers have even reportedly turned up at the retailer’s h]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/online-fashion-giant-served-with-winding-up-petition/Fri, 10 Jun 2022 11:17:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/online-fashion-giant-served-with-winding-up-petition/ Yorkshire is the biggest county in the UK. It is over twice the size of Lincolnshire, the nations second biggest county. It is the hone to large cities su]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/invoice-late-payment-surge-crippling-yorkshire-businesses/Thu, 09 Jun 2022 17:17:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/invoice-late-payment-surge-crippling-yorkshire-businesses/ The Debt Collection letters advise of potential fines and even criminal convictions. The letters also warn of further debt collection costs, high court orders and even bankruptcy.
TT2 which is the Operator of the Tyne Tunnel said the wording in the debt collection letters was “fair and appropriate” and was in line with]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/toll-fine-debt-collection-letters-are-intimidating-and-misleading/Wed, 08 Jun 2022 11:16:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/toll-fine-debt-collection-letters-are-intimidating-and-misleading/ Katie Price is facing court today over her staggering £3.2million debt repayment.
The former glamour model, 44, whose real name is Katrina Amy Alexandra Alexis Price, appears on the listing for the Royal Courts of Justice in London today.It has not yet been confirmed whether or not the mum-of-five, who is due to appear in court at 10.30am, will appear in person]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/celebrity-in-court-hearing-for-32m-unpaid-debt/Tue, 07 Jun 2022 09:38:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/celebrity-in-court-hearing-for-32m-unpaid-debt/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/ziglu-partners-with-clearbank-to-offer-virtual-gbp-bank-accounts/Tue, 07 Jun 2022 09:00:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/ziglu-partners-with-clearbank-to-offer-virtual-gbp-bank-accounts/ History shows that taking professional debt collection action can help save the number of Small Businesses from going bust.
Recent reports and research make for very bleak reading for the country’s Small Business community. A tidal wave of unpaid invoices is causing a chain of ill effect on the]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/debt-collection-agencies-could-help-save-thousands-of-smes/Wed, 01 Jun 2022 10:24:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/debt-collection-agencies-could-help-save-thousands-of-smes/ FSB Chairman Martin McTague has applauded chacellor Rishi Sunak’s ‘cost of living’ package worth a total of £15bn. However, he points out that unless the government supports Small Bus]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/500000-small-businesses-at-risk-of-going-bust-within-weeks/Tue, 31 May 2022 10:13:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/500000-small-businesses-at-risk-of-going-bust-within-weeks/ Average late payment days increased by 1.8 days to 7.7 days. This is the longest small businesses have had to wait to be paid since September 2020.
Xero says tougher economic conditions caused by rising inflation have left the UK’s small businesses squeezed tighter between soaring energy bills and wages on one side, and s]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/small-business-late-payment-getting-worse/Mon, 30 May 2022 15:37:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/small-business-late-payment-getting-worse/ Following continual non payment, Slough Borough Council was forced to declare bankruptcy last year, having accrued £760m in unpaid debt.
A report by the commissioners said it would have to sell most of its assets “without exception”.
Council leader James Swindlehurst said he was]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/council-forced-to-sell-buildings-to-pay-debts/Thu, 26 May 2022 09:13:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/council-forced-to-sell-buildings-to-pay-debts/ Alarming figures for April published by the Insolvency Service for England and Wales show a 115 per cent rise on April 2021. The figure for March was a staggering 111 per cent up when compared with March 2021.
Uk Trade body ‘R3’, for restructuring and insolvency professionals, said the figures reflected the toll economic turbulence was]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/number-of-businesses-going-bust-doubles-in-2022/Wed, 25 May 2022 09:59:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/number-of-businesses-going-bust-doubles-in-2022/ Gwynedd Council is reported to owe a large sum to a private care home service provider. Meddyg Care Dementia Homes is taking Debt Collection action against the council after it ignored a judgement made by Northampton Small Claims Court.
The council failed to act on a County County Court Judgment issued in April ordering it to repay £44,529.46. The debt had accrued for unpaid care home fees sinc]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/council-hit-with-huge-writ-for-unpaid-care-home-fees/Tue, 24 May 2022 08:46:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/council-hit-with-huge-writ-for-unpaid-care-home-fees/ Research suggests the dramatic rise in Business insolvencies will be driven by various factors. These are stated as being the withdrawal of Covid support schemes, rising energy and fuel costs, supply chain issues, Russia&]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/business-insolvencies-predicted-to-skyrocket/Mon, 23 May 2022 12:44:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/business-insolvencies-predicted-to-skyrocket/ The Insolvency Service gave Connor Johnson the lengthy disqualification following the liquidation of his TV Company, Rhino Television and Media Ltd in 2021.
The Insolvency service said Mr Johnson had failed to ensure maintained, adequate accounting records from at least October 2015 through to its liquidation]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/ex-tv-channel-boss-banned-from-being-a-company-director/Fri, 20 May 2022 11:32:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/ex-tv-channel-boss-banned-from-being-a-company-director/ The survey, by Barclays Bank, indicates that rising prices have begun to impact Small Business late payments between businesses. 19% of SMEs said that they are finding it more difficult to pay suppliers because of the cost of living crisis.
Six per cent said that the amount]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/small-business-late-payment-rising-due-to-cost-of-living-increase/Thu, 19 May 2022 11:05:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/small-business-late-payment-rising-due-to-cost-of-living-increase/ East Lothian Council has revealed it wrote off more than £560,000 in debts during the last financial year.However in the six months from October 2021 to March 2022 it said over half of the unpaid £301,954 written off was caused by companies or traders going bust.
A report into debts of under £50,000 which had been written off by offic]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/businesses-going-bust-forces-a-council-to-write-off-560k/Wed, 18 May 2022 10:27:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/businesses-going-bust-forces-a-council-to-write-off-560k/ The executive agency, which provides information on bankruptcy, redundancy, paying off debts, company insolvency and misconduct of trading companies and partnerships, will close 11 of its 20 local offices in England over the next five years.
Its offices in Cardiff and Edinburgh will stay]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/insolvency-service-to-close-half-of-its-offices/Tue, 17 May 2022 11:34:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/insolvency-service-to-close-half-of-its-offices/ The total value of these judgments also rose by a massive 269%. The total value of judgment debt went from just under £2.1m to more than £8m.Registry Trust, the not-for-profit organisation which maintains the Register of Judgments, Orders and Fines for the UK & Ireland, has relea]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/business-ccjs-in-scotland-rise-by-52/Mon, 16 May 2022 16:52:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/business-ccjs-in-scotland-rise-by-52/ In a survey by the Federation of Small Businesses (FSB) of 1,000 Business owners, 34% of Small Business Owners stated that their mental health had suffered over the duration of the pandemic.
Latest Government figures show that there are 5.5 million small businesses across the UK, indicating that approximately 1,800,000 h]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/late-payment-contributing-to-small-business-owners-mental-health-decline/Wed, 11 May 2022 11:12:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/late-payment-contributing-to-small-business-owners-mental-health-decline/ The debt collection industry has seen a sharp rise in landlords requesting information on how to recover unpaid private housing rent. Debt Collection for unpaid rent is a well sought after service but is notoriously difficult especially in the current climate.
According to Landlord action, people enquirers for debt collecti]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/surge-in-landlords-seeking-rent-arrears-debt-collection/Thu, 05 May 2022 12:49:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/surge-in-landlords-seeking-rent-arrears-debt-collection/ Research conducted by the Insolvency specialist has found that 1,891 firms were now in severe financial distress for the first quarter of the year. This is almost a fifth higher than for the same period of twenty twenty-one (2021)
The company says that the 19% year-on-year increase has been significantly boosted by a 51% jump in insolvencies for the construc]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/sharp-rise-of-businesses-in-financial-distress/Wed, 04 May 2022 11:15:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/sharp-rise-of-businesses-in-financial-distress/ The Approach gold course had been let to a Mr Adrian Stiff for over several years. Due to various disputes between Mr Stiff and North Somerset Council, the site has been mothballed since April 2018.
The]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/golf-course-seized-by-bailiffs-due-to-unpaid-commercial-rent-arrears/Tue, 03 May 2022 13:01:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/golf-course-seized-by-bailiffs-due-to-unpaid-commercial-rent-arrears/ At Southwark Crown Court, he was found guilty on four charges relating to breaches of UK Insolvency laws but acquitted on a further 20 counts in connection with his 2017 bankruptcy. On sentencing Boris Becker to prison, th]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/sporting-legend-jailed-for-breaking-uk-insolvency-laws/Mon, 02 May 2022 10:28:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/sporting-legend-jailed-for-breaking-uk-insolvency-laws/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/tennis-ace-facing-jail-over-avoidance-of-bankruptcy-debts/Fri, 29 Apr 2022 09:48:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/tennis-ace-facing-jail-over-avoidance-of-bankruptcy-debts/ The research conducted by Debt register has revealed that reduced business cash flow has highlighted the incompetency’s of staff to accurately maintain and manage customer data.
Small Businesses and large businesses alike have been left unable]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/companies-struggling-with-b2b-debt-collection/Thu, 28 Apr 2022 08:46:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/companies-struggling-with-b2b-debt-collection/ In separate bounce back loan applications, Junaid Dar, aged 31 and from Birmingham, in addition to David Michael Godderidge aged 40, from Tamworth, falsely applied for bounce back loans. The loans were close to £60,000 and paid from the Bounce Back Loan s]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/insolvency-service-continues-to-target-bounce-back-loan-abusers/Thu, 21 Apr 2022 09:11:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/insolvency-service-continues-to-target-bounce-back-loan-abusers/ Since its launch nearly 10 years ago, Best4 has helped thousands of Businesses and personal individuals recover what they are owed. They have introduced them to Professional Debt Collection Agencies that have helped them. The]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/debt-collection-quotes-and-what-you-should-look-for/Wed, 20 Apr 2022 11:50:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/debt-collection-quotes-and-what-you-should-look-for/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/hilltop-credit-partners-announces-partnership-with-mcap-global-finance-uk-llp-and-completes-33-million-loan-for-newbuild-residential-development-in-worcester/Wed, 20 Apr 2022 10:30:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/hilltop-credit-partners-announces-partnership-with-mcap-global-finance-uk-llp-and-completes-33-million-loan-for-newbuild-residential-development-in-worcester/ Co-Op bank pays just half its suppliers within 30 days, while Metro Bank topped the list of overdue invoices at more than one in four, according to TSB’s data.
The numbers put both Co-Op and Metro Bank below the voluntary standard ‘prompt payment code’ w]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/bank-tells-high-street-rivals-to-speed-up-paying-suppliers/Tue, 19 Apr 2022 15:35:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/bank-tells-high-street-rivals-to-speed-up-paying-suppliers/ Maximum effort will deliver maximum results. Also, the greatest service will deliver the greatest results. But how do you arrive at this conclusion? Cheap is not cheerful as with any type of service, debt recovery or otherwise.
Performing basic checks should help you determine which Debt Collec]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/6-tips-for-choosing-a-debt-collection-agency/Thu, 14 Apr 2022 09:56:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/6-tips-for-choosing-a-debt-collection-agency/ The figures from insolvency business R3 come along side data which shows that, at the same time, more than 38,000 regional businesses had overdue and unpaid invoices. Unpaid business invoices is not an unfamiliar p]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/north-east-england-businesses-facing-late-payment-crisis/Wed, 13 Apr 2022 09:36:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/north-east-england-businesses-facing-late-payment-crisis/ The Government introduced the Corporate Insolvency and Governance Act 2020 (CIGA) in March 2020 to help companies to stay afloat during the pandemic and to protect them from aggressive action from creditors.
From March 2020 to September 2021, CIGA sought to temporarily suspend parts of insolvency law by putting a ban on statut]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/spike-in-debt-recovery-action-expected/Tue, 12 Apr 2022 10:49:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/spike-in-debt-recovery-action-expected/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/paysend-helps-people-in-the-uk-improve-their-financial-health-with-paysend-grow/Wed, 06 Apr 2022 09:46:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/paysend-helps-people-in-the-uk-improve-their-financial-health-with-paysend-grow/ The ‘Commercial Rent (Coronavirus) Act 2022’ received Royal Assent means that a legally binding arbitration process will be available for eligible commercial landlords and tenants who have not already reached an agreement. This will resolve disputes about certain pandemic-related rent debt collection and help the market return to normal]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/new-law-introduced-to-solve-covid-commercial-rent-arrears/Tue, 29 Mar 2022 10:49:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/new-law-introduced-to-solve-covid-commercial-rent-arrears/ Global Tennis star Boris Becker, 54 is accused of auctioning off his trophies to pay off his debts after he was declared bankrupt in 2017, Southwark Crown Court heard
German Becker denies 24 charges under the Insolvency Act for the undeclared auction.
The charges also include seven of concealing property, five of failing to disclose estate, t]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/sporting-legend-sold-trophies-for-700k-to-clear-debts/Fri, 25 Mar 2022 10:40:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/sporting-legend-sold-trophies-for-700k-to-clear-debts/ More than two-thirds (65%) of contractors have experienced slower payments since the start of the pandemic, according to research carried out by Lloyds Bank Commercial Banking.
A quarter of businesses (26%) say it now takes their customers more than 30 days to settle outstanding invoices, with debtors most commonly citing cashflow pressures (33%) and late payments from their own customers (28%)]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/contractor-late-payment-increases/Thu, 24 Mar 2022 09:58:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/contractor-late-payment-increases/ In February 2022 there were 1,329 Creditors’ Voluntary Liquidations (CVLs), more than double the number in February 2021, and 40% higher than in February 2020. Numbers f]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/business-insolvencies-doubled-in-february/Thu, 17 Mar 2022 09:49:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/business-insolvencies-doubled-in-february/ A Business having debts of its own can sometimes be inevitable but this can often be caused by a Business not act]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/why-business-debt-recovery-has-a-critical-role-to-play/Wed, 16 Mar 2022 12:06:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/why-business-debt-recovery-has-a-critical-role-to-play/ A total of 3,446 debts have been amassed with an average debt value of £446. The Council refused to turn to Debt Collection Agencies for help despite incurring heavy losses as a result.
These heavy losses will now be accounted for in the City Council’]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/council-that-refuses-to-use-debt-collection-agencies-writes-off-15m-of-debt/Tue, 15 Mar 2022 11:33:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/council-that-refuses-to-use-debt-collection-agencies-writes-off-15m-of-debt/ Inderjit Singh Dadial, aged 32 has been disqualified from being a Limited Company director for nine years.
He was sole director of Cali Juices Ltd, a wholesaler of specialised soft drinks, which was incorporated in 2019 with a registered address in Wolverhampton.
In June 2020 Inderjit Singh Dadial applied for and secured £50,000 through the Bounce Back]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/rogue-director-gets-9-year-ban-for-covid-loan-lies/Thu, 10 Mar 2022 13:35:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/rogue-director-gets-9-year-ban-for-covid-loan-lies/ Harrow Council intends to hire Enforcement Agents and Debt Collectors to collect unpaid debts owing to the council. These debts will include unpaid fees such as council tax, business rates and parking fines.According to a report, which will be discussed by the council’s members later this week, using debt collectors could prevent Harrow council from losing up to £]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/council-plans-to-hire-more-debt-collectors/Wed, 09 Mar 2022 09:54:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/council-plans-to-hire-more-debt-collectors/ The Owners of the Scottish castle were after a battle over a £230 unpaid debt dating back 25 years. With continued costs being added, the debt rose to £30,000.
Eventually, Businesswoman Marian Van Overwaele was made bankrupt in 2000. This was after she repeatedly refused to pay the £230 bill relating to a bridal wear business she operated]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/unpaid-debt-for-230-leads-to-3m-scottish-castle-seizure/Tue, 08 Mar 2022 13:23:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/unpaid-debt-for-230-leads-to-3m-scottish-castle-seizure/ The annual 2022 business challenges report, carried out by card payments specialist takepayments Limited, surveyed SME business owners and decision-makers across the UK to discover the current small business landscape for the year ahead.
Late payments ultima]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/25-of-small-businesses-constantly-chasing-late-payments/Mon, 07 Mar 2022 12:06:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/25-of-small-businesses-constantly-chasing-late-payments/ High profile American entrepreneur Julie Marie Meyer MBE appeared as a ‘Dragon’ in a online version of the popular BBC television show Dragons Den in 2009.
Meyer owes London Law firm Farrer & Co £200,000 in unpaid fees dating back to 2018.
Mr Justice Kerr said Julie Marie Meyer had shown herself in the proceedings “to be a selfish and untrustworthy person”.
S]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/ex-dragons-den-star-issued-jail-sentence-for-unpaid-debt/Wed, 02 Mar 2022 11:53:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/ex-dragons-den-star-issued-jail-sentence-for-unpaid-debt/ Increasing economic sanctions and financial boycotts of the country, have made the hurdles even higher. Whilst the UN and International Countries have been quick to place financial restraints on Russia, there is also the flip side where Businesses and Individuals outside of]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/debt-collection-from-russia-just-got-even-harder/Tue, 01 Mar 2022 15:28:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/debt-collection-from-russia-just-got-even-harder/ A statement issued on the Frontline Collections website said that they had been informed by]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/scam-debt-collectors-targeting-the-uk/Thu, 24 Feb 2022 13:09:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/scam-debt-collectors-targeting-the-uk/ Now they no longer work for DCBL (Direct Collections Bailiffs Ltd) that featured on the programme and are chasing their former employers for £200,000.
The pair have issued a claim in London’s high court claiming that their former bosses owe them nearly a quarter of a million pounds according to reports in National Newspapers]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/debt-collectors-being-chased-by-their-former-debt-collectors/Wed, 23 Feb 2022 11:23:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/debt-collectors-being-chased-by-their-former-debt-collectors/ Council Members will be advised that the failure to]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/council-could-scrap-use-of-debt-collection-agencies-to-be-kinder/Tue, 22 Feb 2022 09:56:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/council-could-scrap-use-of-debt-collection-agencies-to-be-kinder/ In January 2022 there were 1,358 Creditors’ Voluntary Liquidations (CVLs), more than double the number in January 2021, and 34% higher than in January 2020.
Numbers for other types of company insolvencies, such as compulsory liquidations, remained lower than before the pandemic, although there were more th]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/creditor-voluntary-liquidations-double/Mon, 21 Feb 2022 14:57:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/creditor-voluntary-liquidations-double/ The man, Mitchell James Smith, aged 40, from Dudley, has been disqualified as a director for 7 years.
Mitchell James Smith was director of MJS Business Ltd Company Registration number 11125409. MJS Business Ltd were a home renovation and refurbishment business which was started in late 2017. They traded as MJS Interiors and were based in the West Midlands.
The company began to struggl]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/construction-boss-disqualified-as-director-for-7-years/Sat, 19 Feb 2022 10:39:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/construction-boss-disqualified-as-director-for-7-years/ A record number of 14,526 businesses in Britain voluntarily appointed liquidators last year, according to data obtained by accountant Price Bailey.
This represents a sharp 7 per cent increase on the previous record set in 2020, when 13,590 companies voluntarily app]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/number-of-small-businesses-closing-hits-new-high/Thu, 17 Feb 2022 13:11:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/number-of-small-businesses-closing-hits-new-high/ The past couple of years has seen the pandemic fuel a worsening problem for Small Business invoices not being paid on time.
Small Business Debt Collection is growing across the UK. The UK has a chequered history when it comes to late payments and the pandemic has inflated]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/top-5-small-business-debt-collection-tips/Wed, 16 Feb 2022 11:50:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/top-5-small-business-debt-collection-tips/ Breaching a disqualification is a criminal offence and the Insolvency Service can prosecute these cases. Kevin Morris’ latest disqualification]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/fake-insolvency-practitioner-gets-15-year-ban/Tue, 15 Feb 2022 14:44:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/fake-insolvency-practitioner-gets-15-year-ban/ The former glamour model turned reality star is said to owe a total of £3.2 million and it’s being claimed she’s not repaying the debts the celebrity owes in the structured way she is supposed to be doing.
The Sun newspaper claims Katie will face a high court probe into how she is pa]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/katie-price-hauled-into-high-court-over-unpaid-32m-debts/Mon, 14 Feb 2022 16:29:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/katie-price-hauled-into-high-court-over-unpaid-32m-debts/ The past two years have seen half of small businesses suffer significant financial setbacks, with 54 per cent having to introduce new emergency revenue streams to survive the winter months after Omicron and supply chain troubles.But according to a new ‘How to Recover’ report from Small Business Britai]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/positive-signs-for-small-business-recovery-post-covid/Fri, 11 Feb 2022 10:29:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/positive-signs-for-small-business-recovery-post-covid/ It is said that there was a 6% rise in Corporate debt due to the pandemic and thousands of Small Businesses in the UK have been left with a tide of unpaid invoices.
Failing to act if you or your Small Business is owed money is not a wise move. You ha]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/best-reasons-to-use-a-debt-collection-agency-in-2022/Wed, 09 Feb 2022 15:53:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/best-reasons-to-use-a-debt-collection-agency-in-2022/ It is said that Millions of motorists are set to benefit from a major government crackdown on rogue parking firms. This will see parking fines slashed and a clearer appeals system created.
A package of new measures announced today aims to protect drivers from unfair and extortionate charges. There will be a new Code of Practice to help]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/new-laws-will-see-cap-on-parking-debt-collectors-fees/Mon, 07 Feb 2022 16:05:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/new-laws-will-see-cap-on-parking-debt-collectors-fees/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/hilltop-credit-partners-achieves-successful-repayment-of-5-million-mezzanine-facility-to-fund-re-development-of-historic-train-factory-in-helsinki-finland/Mon, 07 Feb 2022 09:30:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/hilltop-credit-partners-achieves-successful-repayment-of-5-million-mezzanine-facility-to-fund-re-development-of-historic-train-factory-in-helsinki-finland/ The industry has been warned to expect more firms to go bust after the latest official figures showed the number of contractors going under has gone up by a quarter.
Data from]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/construction-industry-fears-rise-in-firms-going-bust/Thu, 03 Feb 2022 10:29:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/construction-industry-fears-rise-in-firms-going-bust/ The industry has been warned to expect more firms to go bust after the latest official figures showed the number of contractors going under has gone up by a quarter.
Data from]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/construction-industry-fears-rise-for-firms-going-bust/Thu, 03 Feb 2022 10:29:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/construction-industry-fears-rise-for-firms-going-bust/ If your small business invoices remain unpaid, you need to step out of your comfort zone to ensure you get paid. You can possibly face the risk of not getting paid at all otherwise so no]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/7-small-business-debt-collection-telephone-tips/Tue, 01 Feb 2022 11:24:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/7-small-business-debt-collection-telephone-tips/ A trusted source has told the Sky Sports News channel that they have never seen such a high level of unpaid debt at any Championship league soccer club. Derby County Football club are currently under the control of Administrators.
The football club has a debt of almost £30m of debt]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/football-club-racks-up-record-debts-of-over-60m/Mon, 31 Jan 2022 12:35:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/football-club-racks-up-record-debts-of-over-60m/ The FCA said it planned to act amid a rise in the number of firms developing proposals, like Scheme of Arrangements, to deal with hefty liabilities to consumers, in particular redress liabilities.
In proposed guidance pub]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/fca-to-take-action-against-businesses-abusing-insolvency-laws/Tue, 25 Jan 2022 11:21:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/fca-to-take-action-against-businesses-abusing-insolvency-laws/ For medium sized enterprises with 50 to 249 staff, those waiting on late payments rises to more than nine in ten (94 per cent).
Late payments negatively impact a business’s income, which can result in cas]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/almost-three-quarters-of-scottish-businesses-owed-money/Thu, 20 Jan 2022 11:12:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/almost-three-quarters-of-scottish-businesses-owed-money/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/uk-business-insolvencies-forecast-to-increase-by-33/Mon, 17 Jan 2022 13:38:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/uk-business-insolvencies-forecast-to-increase-by-33/ The Federation of Small Businesses (FSB) has called for urgent government intervention to improve the way small Businesses are paid. This sentiment was echoed by Chris Spencer from leading Business Debt Collection Agency Federal Management.
In a recent survey by the FS]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/late-payment-small-businesses-must-act-says-debt-collection-expert/Mon, 10 Jan 2022 10:29:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/late-payment-small-businesses-must-act-says-debt-collection-expert/ The Federation of Small Businesses (FSB) has called for urgent government intervention to improve the way small Businesses are paid. This sentiment was echoed by Chris Spencer from leading Business Debt Collection Agency Federal Management.
In a recent survey by the FS]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/late-payment-small-businesses-must-act-now-says-debt-collection-expert/Mon, 10 Jan 2022 10:29:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/late-payment-small-businesses-must-act-now-says-debt-collection-expert/ There is always a spike in borrowing over the christmas period as research shows. Many spend without thought of the consequence of paying it back then panic when they do. Many people then search online to see if they can get help.
They are then besieged by cheap]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/debt-collection-firms-welcome-ban-on-debt-packager-referral-fees/Thu, 06 Jan 2022 12:14:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/debt-collection-firms-welcome-ban-on-debt-packager-referral-fees/ Credit control is often regarded as a time consuming and resource draining for any small business. Countless hours, even days can be spent chasing payment of unpaid invoices. Not only is the chore of chasing down unpaid invoices a energy and time sapping exercise, but i]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/7-top-tips-for-small-business-credit-control-in-2022/Wed, 05 Jan 2022 09:35:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/7-top-tips-for-small-business-credit-control-in-2022/ Global debt rose by 28 percentage points to 256 per cent of gross domestic product (GDP) in 2020. The represented the largest one-year debt surge since World War Two.  Vitor Gaspar, who is director of the]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/international-debt-hits-record-226-trillion/Fri, 24 Dec 2021 09:13:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/international-debt-hits-record-226-trillion/ The new consultation is inviting views on creating a single regulator for Insolvency Practitioners and extending regulation to firms that offer insolvency services.
Key changes to the insolvency industry
Key changes set out in the consultation include:establishing a single independent regulator to sit within the Insolvency Service, replacing the current four Recognised Professional Bodies
extendi]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/insolvency-industry-regulation-changes-to-be-made/Wed, 22 Dec 2021 16:54:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/insolvency-industry-regulation-changes-to-be-made/ Company insolvencies higher
For the first time since pandemic began, the total monthly number of registered company insolvencies was h]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/business-insolvencies-hit-highest-level-since-pandemic-began/Tue, 21 Dec 2021 16:19:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/business-insolvencies-hit-highest-level-since-pandemic-began/ The man is purported to be an employee from a company that Scottish Power outsources call handling to on the west coast of Scotland. It is said the call centre deals with queries regarding outstanding balances.
Scottish Power has ordered an internal investigation following concerns being raised by the BBC. The employee who wanted to s]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/energy-giant-probe-into-aggressive-debt-collection-tactics/Mon, 20 Dec 2021 14:43:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/energy-giant-probe-into-aggressive-debt-collection-tactics/ These new powers will extend the Insolvency Services ability to investigate and punish rogue directors who are found to be abusing the company dissolution process.
The Rating (Coronavirus) and Directors Disqualification (Dissolved Companies) Act will also help tackle directors dissolving companies to avoid repaying Government backed loans. The l]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/crackdown-on-rogue-directors-who-dissolve-companies-to-avoid-business-debts/Thu, 16 Dec 2021 17:31:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/crackdown-on-rogue-directors-who-dissolve-companies-to-avoid-business-debts/ The Insolvency Firm which assists financially struggling businesses to recover saw revenue increase by 39% from 37.5m in 2020. This saw their profits before tax increase to 2.7m up to the 31st October 2021.
These figures were in line the the Company’s market predictions for a wave of Company insolvencies following th]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/insolvency-experts-predict-wave-of-insolvencies-after-profits-rise/Wed, 15 Dec 2021 16:19:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/insolvency-experts-predict-wave-of-insolvencies-after-profits-rise/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/new-zylpha-annual-document-bundling-awards-celebrate-legal-innovation/Wed, 15 Dec 2021 12:19:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/new-zylpha-annual-document-bundling-awards-celebrate-legal-innovation/ Marc Levy, a partner at the firm said: “Many small business owners and key members of their finance team have been suffering from long-term health issues or trapped overseas or due to the pandemic.
“As a result, many p]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/businesses-being-chased-for-late-filing-penalties-by-debt-collection-firms/Mon, 13 Dec 2021 14:03:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/businesses-being-chased-for-late-filing-penalties-by-debt-collection-firms/ New rules given by the Consumer Financial Protection Bureau (CFPB) will see usa debt collectors in America contacting debtors via social media networks. This is only if they initially inform the debtor that they are from an American debt collection agency]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/usa-debt-collectors-can-now-use-social-media-to-help-recover-unpaid-debts/Wed, 08 Dec 2021 14:53:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/usa-debt-collectors-can-now-use-social-media-to-help-recover-unpaid-debts/ The average Business credit score level has returned to the pre pandemic average of 44 by September this year. This was compared with an average score of 40 during most of lockdown.
Importance of a Business credit score
A Business Credit score is seen as a reasonably accurate measurement of a Business’s overall credit worthiness. The UK Business credit score takes i]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/uk-business-credit-scores-recovering-well-post-pandemic/Tue, 07 Dec 2021 09:11:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/uk-business-credit-scores-recovering-well-post-pandemic/ The statement issued a couple of days ago is asking for suggestions and advice on improving its current methods of tax debt collection from Businesses in the UK. The statement makes it clear that they are prioritising strategies on engaging with businesses that consistently pay their taxes as late as possible.
It has been reported that unpaid taxes owed to the HMRC have spiked a]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/hmrc-asks-for-help-modernising-its-business-debt-collection/Thu, 02 Dec 2021 11:54:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/hmrc-asks-for-help-modernising-its-business-debt-collection/ The statement issued a couple of days ago is asking for suggestions and advice on improving its current methods of tax debt collection from Businesses in the UK. The statement makes it clear that they are prioritising strategies on engaging with businesses that consistently pay their taxes as late as possible.
It has been reported that unpaid taxes owed to the HMRC have spiked a]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/hmrc-asks-for-help-modernising-business-debt-collection/Thu, 02 Dec 2021 11:54:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/hmrc-asks-for-help-modernising-business-debt-collection/ The Football Association of Wales made the a ruling on the 29th October stating that the club must pay its unpaid debts by way of salaries to staff within 31 days or face suspension from football activities.
The deadline has now passed and the Football Association have confirmed that Bangor City have failed to comply with the ruling.
Bangor City were original]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/football-club-suspended-from-all-activities-due-to-unpaid-debts/Wed, 01 Dec 2021 15:07:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/football-club-suspended-from-all-activities-due-to-unpaid-debts/ For 70% of SMEs, late payments are a reoccurring issue leading to more severe consequences with over 40% worrying about their own cashflow as a result. Recent figur]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/1-in-3-businesses-see-late-payment-as-biggest-threat-to-survival/Mon, 29 Nov 2021 11:04:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/1-in-3-businesses-see-late-payment-as-biggest-threat-to-survival/ It is understood a ‘christmas truce’ will be announced advising that all bailiff enforced evictions will be stopped between December 13th and January the 10th. The HM Courts and Tribunal has confirmed that this will continue the pattern of previous years.
In accordance with formal protocols, the Lord Chancellor will advise the High Court Enforcement Officers Association.]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/tenant-eviction-to-be-suspended-over-christmas-period/Thu, 25 Nov 2021 09:04:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/tenant-eviction-to-be-suspended-over-christmas-period/ In the 13 years prior to the 2020-21 financial year, HMRC’s overdue debt averaged £18.1 billion, peaking in 2008/09 following the financial crisis, where the debt level approached £26 billion. The curren]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/hmrc-facing-pressure-to-improve-debt-collection/Wed, 24 Nov 2021 11:39:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/hmrc-facing-pressure-to-improve-debt-collection/ Overall, the research by Intuit QuickBooks shows that small and medium-sized businesses with at least one overdue invoice were owed £21,356 in late payments on average in September – almost two thirds  of the average SMEs typical monthly turnover.
The research also found that the average amount owed to S]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/micro-businesses-hit-by-60-hike-in-late-payments/Tue, 23 Nov 2021 12:31:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/micro-businesses-hit-by-60-hike-in-late-payments/ If a Company Director is trying to get their company struck off to avoid paying company debts, it is advisable to exercise extreme caution.
Striking off a company at Companies House
The simplest, cheapest way to close a Limited Company down is to get it struck off (or dissolved) from the C]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/what-happens-to-a-business-debt-when-a-company-gets-struck-off/Wed, 17 Nov 2021 08:48:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/what-happens-to-a-business-debt-when-a-company-gets-struck-off/ The church run Ockbrook School owed creditors more than £2 million pounds when it was forced to closes its doors due to financial issues this summer. The School has over 140 creditors listed and administrators have warned they may never get what they are owed.
The school was closed with just 4 weeks notice after it ran out of mon]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/failed-private-school-was-owed-51k-in-unpaid-school-fees/Tue, 16 Nov 2021 13:54:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/failed-private-school-was-owed-51k-in-unpaid-school-fees/ A total of 10,202 possession claims were issued during this period. Of these, 4,373 were from private renters and 3,681 from social landlords.
Additionally, Mortgage repossessions by bailiffs increased by 756% from 45 between April and June to 385 between]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/landlord-tenant-evictions-rise-by-207/Tue, 16 Nov 2021 11:06:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/landlord-tenant-evictions-rise-by-207/ The Open University is the UK’s largest academic institution and is the world’s leading distance learning option. Founded in 1969 it has helped millions of student gain degrees and other significant qualifi]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/university-gets-help-from-top-debt-collection-firm-to-educate-students/Mon, 08 Nov 2021 15:15:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/university-gets-help-from-top-debt-collection-firm-to-educate-students/ The Swiss government has started debt collection proceedings to recover almost half a million francs spent on Covid repatriations.
Swiss authorities have begun debt collections against people who were flown back to the country at the government’s expense at the start of the pandemic. 
More than 90 percent of the money spent by the government in the repatriation flights &nda]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/swiss-government-takes-debt-collection-action-over-unpaid-fees/Fri, 05 Nov 2021 12:49:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/swiss-government-takes-debt-collection-action-over-unpaid-fees/ This is the sixth quarter to be wholly affected by the pandemic and associated national measures, and whilst individual voluntary arrangements (IVA) numb]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/bankruptcy-figures-hit-22-year-record-low/Thu, 04 Nov 2021 16:23:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/bankruptcy-figures-hit-22-year-record-low/ The findings come despite the Government introducing a Prompt Payment Code. This was introduced to ensure small businesses receive payment for 95% of their in]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/unpaid-invoices-as-high-as-200k-affecting-1-in-5-smes/Thu, 04 Nov 2021 12:29:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/unpaid-invoices-as-high-as-200k-affecting-1-in-5-smes/ The online survey conducted by Debt Register, found that almost a third of all businesses spend up to three-quarters of their time on overdue invoices. Shockingly almost a quarter spent even more time chasing late payments at 76%+.
The Healthcare sector was revealed]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/survey-shows-true-cost-of-businesses-chasing-late-payments/Wed, 03 Nov 2021 09:55:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/survey-shows-true-cost-of-businesses-chasing-late-payments/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/zylpha-launches-first-free-online-document-bundling-system-for-all/Tue, 02 Nov 2021 10:30:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/zylpha-launches-first-free-online-document-bundling-system-for-all/ Business insolvencies have increased by 7.2% in September 2021 compared to August’s figure of 1,349. They also increased by 55.8% in comparison to the same period for last year. However on a positive note, they were down 4% compared to September 2019.
The increase in company ins]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/number-of-insolvent-businesses-rises-in-september/Mon, 18 Oct 2021 14:03:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/number-of-insolvent-businesses-rises-in-september/ It has long been known that Late Payments threaten the well being of Small Businesses. New invoicing app players ‘Tomato Pay’ claim that 84% of Small Businesses are currently suffering from late payments.
This is according to market research conducted on their behalf. The research also claims that 12% of Small Businesses wait more than 60 days for payment and 2% more than 90.
As a result of late o]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/small-business-debt-collection-action-imperative/Fri, 15 Oct 2021 10:38:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/small-business-debt-collection-action-imperative/ As the instrumental player in the UK’s economy, SME’s turnover turnover is estimated at £2.2trillion annually. Tackling the issue of late payments is critical in enabling small businesses to reach their maximum potential . Not only does it improve their growth, but the]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/the-real-cost-of-small-business-late-payment/Thu, 14 Oct 2021 10:44:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/the-real-cost-of-small-business-late-payment/ An EY survey of 712 UK SMEs has found 88 per cent received financial aid from lenders or the government and 51 per cent described recovering from the pandemic as one of the ‘main challenges’, indicating that they will likely require ongoing support.
Just under half (46 per cent) of UK SMEs have plans to adjust their busi]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/a-third-of-smes-worried-about-repaying-covid-support-loans/Mon, 04 Oct 2021 16:33:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/a-third-of-smes-worried-about-repaying-covid-support-loans/ With the Insolvency Service’s latest corporate insolvency figures for August 2021 showing a 71.1% increase compared to August 2020, the Registry Trust says that this insight could help to identify]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/unpaid-ccj-offers-early-insolvency-warning-sign-says-new-data/Wed, 29 Sep 2021 15:40:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/unpaid-ccj-offers-early-insolvency-warning-sign-says-new-data/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/jordans-solicitors-achieves-significant-time-savings-with-zylpha-pay-as-you-go-legal-document-bundling-software/Mon, 27 Sep 2021 13:21:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/jordans-solicitors-achieves-significant-time-savings-with-zylpha-pay-as-you-go-legal-document-bundling-software/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/waves-of-small-business-insolvency-expected-over-next-few-years/Tue, 21 Sep 2021 18:21:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/waves-of-small-business-insolvency-expected-over-next-few-years/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/waves-of-small-business-insolvency-expected-over-few-years/Tue, 21 Sep 2021 18:21:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/waves-of-small-business-insolvency-expected-over-few-years/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/tim-dargavel-joins-the-zylpha-bundling-development-team/Tue, 21 Sep 2021 12:38:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/tim-dargavel-joins-the-zylpha-bundling-development-team/ A recent scathing report revealed that one in 10 shoppers using the credit services are being chased by debt collectors amid surging demand for this form of credit.
Research conducted by Citizens Advice also found that 12 per cent of 18 to 34-year-old customers using the service had received co]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/debt-collection-firms-targeted-via-the-buy-now-pay-later-industry/Tue, 14 Sep 2021 14:35:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/debt-collection-firms-targeted-via-the-buy-now-pay-later-industry/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/wright-solicitors-quantify-the-practice-benefits-of-zylphas-ebundling/Tue, 07 Sep 2021 11:15:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/wright-solicitors-quantify-the-practice-benefits-of-zylphas-ebundling/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/zeidler-group-appoints-new-head-of-legal-in-paris/Mon, 06 Sep 2021 09:30:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/zeidler-group-appoints-new-head-of-legal-in-paris/ French debt collection agencies are particularly prevalent due to the country’s strong economic dependence on Small Businesses and Medium enterprises. Recovering business-to-business debts (B2B) takes on considerable importance for debt collection attorneys across France.Contracting out your debt collection affairs to a French third-party Agency will reinforce your chances at recovering your unpaid by limiting the potential for miscomm]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/dealing-with-debt-collection-in-france/Thu, 02 Sep 2021 10:27:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/dealing-with-debt-collection-in-france/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/martech-disruptor-modo25-secures-fourth-six-figure-investment/Tue, 31 Aug 2021 14:17:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/martech-disruptor-modo25-secures-fourth-six-figure-investment/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/zylphas-new-adobe-sign-for-imanage-integration-delivers-seamlessly-simple-and-secure-esignatures/Mon, 23 Aug 2021 11:08:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/zylphas-new-adobe-sign-for-imanage-integration-delivers-seamlessly-simple-and-secure-esignatures/ Government support measures have allowed insolvency levels to remain stable amid the pandemic, but recent data shows significant surges as crisis-era support is withdrawn. According to statistics released by the Insolvency Service, June 2021 saw a 63 percent year-on-year increase, and Q1 FY21 saw a 31]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/industry-experts-reject-insolvency-tsunami-claims/Tue, 17 Aug 2021 09:38:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/industry-experts-reject-insolvency-tsunami-claims/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/zylpha-document-bundling-drives-efficiency-at-the-heart-of-rook-irwin-sweeney/Wed, 11 Aug 2021 11:06:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/zylpha-document-bundling-drives-efficiency-at-the-heart-of-rook-irwin-sweeney/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/zylpha-bundling-delivers-clear-benefits-to-maria-fogg-family-law/Wed, 04 Aug 2021 12:36:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/zylpha-bundling-delivers-clear-benefits-to-maria-fogg-family-law/ There were 3,116 seasonally adjusted corporate insolvencies in Q2 2021, an increase of 31.4% compared to Q1 2021’s figures of 2,371 and a rise of 4% compared to Q2 2021 (2,997).
Commenting on the figures Colin Haig, President of insolvency and restructuring trade body R3 and Head of Restructuring at Az]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/uk-sees-worrying-surge-in-business-insolvencies/Tue, 03 Aug 2021 14:06:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/uk-sees-worrying-surge-in-business-insolvencies/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/simpkins-amp-co-says-zylphas-pay-as-you-go-bundling-software-is-now-tried-tested-and-trusted/Thu, 29 Jul 2021 11:00:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/simpkins-amp-co-says-zylphas-pay-as-you-go-bundling-software-is-now-tried-tested-and-trusted/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/global-martech-innovator-bosco-drives-online-sales-growth-at-animed-direct/Wed, 28 Jul 2021 14:25:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/global-martech-innovator-bosco-drives-online-sales-growth-at-animed-direct/ A survey released Tuesday by Wave, an H&R Block company, found that 17% of the 1,008 microbusiness owners with nine employees or less it polled said there are invoices they’ve sent out that have never been paid. Nearly one out of 10 (8%) said they have waited more than a year for invoices to be paid, whil]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/small-business-unpaid-invoices-creating-a-struggle-for-many/Wed, 28 Jul 2021 11:28:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/small-business-unpaid-invoices-creating-a-struggle-for-many/ The UK’s four largest banks are said to have hired over 750 new Debt Collection staff to their debt recovery units in a major challenge facing them. It is expected there will be a tidal wave of defaults on the loan repayments as Businesses struggle to cope in the aftermath of the pandemic.
Natwest is reported to have taken on an extra 150 debt collection agents]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/banks-hire-100s-of-debt-collection-agents-ahead-of-covid-loan-repayments/Thu, 22 Jul 2021 15:30:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/banks-hire-100s-of-debt-collection-agents-ahead-of-covid-loan-repayments/ The company’s Late Payments Bulletin provides a snapshot of the late payments issues faced by small and medium-sized businesses revealing that on average, SMBs with at least one overdue invoice was owed &p]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/smes-owed-21k-on-average-due-to-late-payments/Fri, 09 Jul 2021 08:18:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/smes-owed-21k-on-average-due-to-late-payments/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/bosco-connect-the-first-tool-to-accurately-predict-campaign-roi-for-online-retailers/Thu, 01 Jul 2021 13:20:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/bosco-connect-the-first-tool-to-accurately-predict-campaign-roi-for-online-retailers/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/zylpha-launches-pay-as-you-bundle-software-format-for-peppermint-cx-amp-sharepoint-online-users/Wed, 30 Jun 2021 11:00:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/zylpha-launches-pay-as-you-bundle-software-format-for-peppermint-cx-amp-sharepoint-online-users/ The research as part of Intrum’s sixth UK edition of the European Payment Report 2021 also found that companies have also taken the opportunity to tighten payment terms and focus on liquidity. However, most businesses admit that they rarely think about the impact of their own late payments on small firms.
Cash flows and reven]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/pandemic-is-forcing-companies-into-late-payment-clampdown/Thu, 24 Jun 2021 11:16:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/pandemic-is-forcing-companies-into-late-payment-clampdown/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/holland-family-law-achieves-time-savings-of-up-to-80-with-zylpha-document-bundling-software/Wed, 23 Jun 2021 12:39:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/holland-family-law-achieves-time-savings-of-up-to-80-with-zylpha-document-bundling-software/ The change to the regulations will mean restrictions on statutory demands and winding up petitions will remain for a further three months until 30th September 2021.
The measures were introduced in the Corporate Insolvency and Governance Act in March 2020, including protecting businesses from aggressive creditor enforcement and remov]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/no-insolvency-action-till-end-of-september/Fri, 18 Jun 2021 10:08:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/no-insolvency-action-till-end-of-september/ The ban, which stops landlords from taking tenants to court for non-payment, was due to end on 30th June.
The Government says that the extension to the order will give places such as nightclubs and other hospitality businesses the help they need to recover from the pandemic, Communities Secretary Robert Jenrick has announced that legislation will be introduced]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/shock-as-government-extends-commercial-eviction-ban/Thu, 17 Jun 2021 10:21:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/shock-as-government-extends-commercial-eviction-ban/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/virtualsignature-partners-with-tiger-eye-to-launch-imanage-integration/Wed, 16 Jun 2021 11:50:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/virtualsignature-partners-with-tiger-eye-to-launch-imanage-integration/ Kathleen Shepherd from Southampton was the only Director for Shepherd Site Services Limited. The company acted as a broker for waste management services within the construction industry.
The company had gone into administration in November 2019, only 18 months after it had been incorporated. Following concerns over the dealings of the company, the Insolvency Service launched an investigation.
Investig]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/director-banned-for-taking-money-from-company-with-unpaid-ccjs/Wed, 16 Jun 2021 09:39:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/director-banned-for-taking-money-from-company-with-unpaid-ccjs/ Global Investigations and Recoveries Ltd would contact creditors of liquidated companies. They would offer to collect from liquidated company directors ‘personally’ which is contrary to UK insolvency law. It is believed this ‘gave hope’ to many compan]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/courts-close-rogue-debt-collection-agency/Fri, 11 Jun 2021 09:41:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/courts-close-rogue-debt-collection-agency/ Works were ordered by a house owner in a affluent part of Leicester were the average house price exceeds £540,000. Whilst the home owner has been on holiday, the disgruntled builder decided to ‘undo’ all the work he had done s]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/builder-wrecks-customers-house-over-unpaid-invoice/Wed, 09 Jun 2021 09:47:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/builder-wrecks-customers-house-over-unpaid-invoice/ Debt Collector Robert Thomas Cree from the North East of England was found guilty in Newcastle Crown Court of two counts of Fraudulent trading and one count of perverting the course of justice.
Dodgy Debt Collection Agencies
The Courts heard how Robert Cree ran a number]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/scam-debt-collection-agency-owner-receives-lengthy-jail-sentence/Tue, 08 Jun 2021 11:41:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/scam-debt-collection-agency-owner-receives-lengthy-jail-sentence/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/oracle-solicitors-opts-for-zylphas-pay-as-you-bundle-document-solution/Wed, 02 Jun 2021 13:05:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/oracle-solicitors-opts-for-zylphas-pay-as-you-bundle-document-solution/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/beeston-shenton-chooses-zylphas-pay-as-you-go-ebundling-software-for-court-files/Wed, 19 May 2021 11:56:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/beeston-shenton-chooses-zylphas-pay-as-you-go-ebundling-software-for-court-files/ The figures show that business insolvencies fell by 7.2% to 925 in April 2021 compared to March’s figure of 997, and fell by 22.9% compared to April 2020’s figure (1,199).
In April 2021 there was a total of 925 registered business insolvencies, comprised of 819 CVLs, 26 compulsory liquidations, 75 administrations and 5 CVAs. Ther]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/company-insolvencies-continue-to-decrease/Wed, 19 May 2021 10:17:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/company-insolvencies-continue-to-decrease/ The process will no longer be able to be used as a method of fraudulently avoiding repayment of Government-backed loans given to businesses to support them during the Coronavirus pandemic
Extension of the power to investigat]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/insolvency-service-given-new-powers-to-tackle-dodgy-directors/Thu, 13 May 2021 11:19:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/insolvency-service-given-new-powers-to-tackle-dodgy-directors/ The information obtained by current affairs magazine Private Eye, shows the unpaid CCJ in the register. It was made via money claims online and the address used in the particulars of claim was 10 Downing Street.
The claimant has not been named in the news story and HM Courts and Tribunals service Officials have to]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/pms-unpaid-ccj-embarrassment/Thu, 13 May 2021 08:16:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/pms-unpaid-ccj-embarrassment/ The university’s standard procedure for unpaid debts is to pass any on the third party private debt collectors after 12 months. Supposedly, student on the ‘rent strike’ will have their accounts passed on after only 7 months as the Universit]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/university-calls-in-private-debt-collectors-for-help/Mon, 10 May 2021 11:06:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/university-calls-in-private-debt-collectors-for-help/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/evolve-takes-leap-forward-with-zylphas-ebundling/Wed, 05 May 2021 11:30:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/evolve-takes-leap-forward-with-zylphas-ebundling/ CorporateThere were 2,384 seasonally adjusted corporate insolvencies in Q1 2021, a reduction of 21.9% compared to Q4 2020’s figures of 3,053 and a fall of 38.3% compared to Q1 2020 (3,863).&ldq]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/latest-insolvency-statistics-released-for-2021/Wed, 05 May 2021 08:29:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/latest-insolvency-statistics-released-for-2021/ So when is it time for SME Owners to act? At what point do Business owners say ‘enough is enough’.  The pandemic has caused many Small Business owners to avoid pushing for payment. That is pretty understandable given the past turbulent 12 months.
Not getting invoices paid on time becomes a two-fol]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/when-is-it-time-to-hire-a-debt-collection-agency/Tue, 04 May 2021 10:53:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/when-is-it-time-to-hire-a-debt-collection-agency/ Whilst late payment continues, this will only serve to hinder Small Business recovery in the second half of this year. The latest findings are according to survey data from Dun & Bradstreet.
The survey polled 753 small businesses and SME’s in the UK. The data found that]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/late-payments-hampering-small-business-recovery/Thu, 29 Apr 2021 10:30:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/late-payments-hampering-small-business-recovery/ Independent Derivative Traders Ltd traded as Futex. They provided access to a financial markets trading platform for sub contracted independent traders in the UK.
The directors of the company were Paul Rossi, his brother Mark Rossi and Daniel Goldberg. The company was incorporated in]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/company-directors-banned-for-trading-whilst-insolvent/Thu, 29 Apr 2021 08:09:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/company-directors-banned-for-trading-whilst-insolvent/ The Debt respite scheme has been launched to help protect debtors in relation to a number of personal debts which include personal financial agreements and rent obligations.
During the current pandemic, debt charity Stepchange has warned of a impending “personal debt tsunami” of £6Bn.
It is said t]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/people-in-debt-could-get-two-month-breathing-space/Wed, 28 Apr 2021 11:19:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/people-in-debt-could-get-two-month-breathing-space/ The comments came as desperate attempts to save Swindon Town Football Club entered a new chapter.
At the High Court, a judge was told the League One side would need £2.8m cash in the four months to the end of June and had last month taken a loan from the football league to help pay the club’s wage bill.
In the latest wrangling]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/debt-ridden-football-club-described-as-hopelessly-insolvent/Mon, 26 Apr 2021 09:52:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/debt-ridden-football-club-described-as-hopelessly-insolvent/ Insolvency statistics recently released by the Government’s Insolvency Service show a 20% drop in corporate insolvencies compared to March last year, and a 37% drop compared to March 2019.
Conversely, Individual Voluntary Arrangements (IVAs), used by individuals in personal financial difficulty, were up 24%]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/business-insolvency-statistics-defying-gravity/Wed, 21 Apr 2021 08:17:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/business-insolvency-statistics-defying-gravity/ The new debt collection agency will be known as ‘Beacontree collections’ and will cater for council owed debts only. It started its new life on April 12th and it is hoped it will help drive up engagement and be more compassionate.
The council had previously relied on enforcement to collect unpaid council tax. The i]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/council-creates-new-debt-collection-service/Tue, 20 Apr 2021 10:15:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/council-creates-new-debt-collection-service/ The New data supplied from cloud-based credit management platform, Know-it highlights that late payments remain an ever-present challenge for business owners. Late payments damage cash flow, restrict growth and can even present insolvency risks.
For many UK Businesses, survival through the remainder of the pandemic is relia]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/48-of-businesses-see-increase-in-late-payments/Fri, 16 Apr 2021 10:33:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/48-of-businesses-see-increase-in-late-payments/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/kofax-ap-agility-digitally-transforms-accounts-payable-processes/Tue, 13 Apr 2021 14:15:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/kofax-ap-agility-digitally-transforms-accounts-payable-processes/ Roughly 840,000 tenants in the Uk have fallen into arrears according to data from the National Residential Landlords Association (NRLA)
The NRLA says with currently no eviction action possible against them, accrued debts are increasing. Many of which will get to the point where there is little hope of the tenants paying them back.
The landlord’s]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/60-of-private-landlords-owed-rent-arrears/Tue, 06 Apr 2021 09:36:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/60-of-private-landlords-owed-rent-arrears/ Sanjiv Varma (57) and Jonathan England (48), both directors of property firm Grosvenor Property Developers Ltd, were banned for a total of 25 years after abusing £7.7 million taken from investors for student accommodation never completed.
The company sold student accommodation in Bristol off-plan]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/dodgy-company-directors-disqualified-by-insolvency-service/Wed, 31 Mar 2021 10:18:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/dodgy-company-directors-disqualified-by-insolvency-service/ An estimated £26.6bn of that debt is sufficiently in arrears to allow it to be subject to immediate HMRC debt collection action.
Reflecting concerns about fraudulent claims for coronavirus support £35bn of the total outstanding debt is in relation to emergency coronavirus support policies su]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/hmrc-facing-65bn-debt-collection-challenge/Wed, 24 Mar 2021 09:46:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/hmrc-facing-65bn-debt-collection-challenge/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/zylpha-appoints-rachel-kitson-to-drive-technical-sales/Tue, 23 Mar 2021 10:12:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/zylpha-appoints-rachel-kitson-to-drive-technical-sales/ Parking companies will also be forced to implement new appeals systems and quash tickets that have been “unfairly” issued. This will include scenarios where paper tickets have slipped off the windscreen and suchlike.
Mitigating circumstances for lateness etc will also have to be considered i]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/new-clampdown-on-rogue-car-parking-firms/Mon, 22 Mar 2021 10:40:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/new-clampdown-on-rogue-car-parking-firms/ Retail and service Businesses are the hardest hit. Almost 60% of Businesses in these sectors are the hardest hit. Sectors that have been allowed to ‘reopen’ have been showing signs of improvement. Construction companies make up 7.9% of the]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/small-businesses-in-distress-number-triples/Thu, 18 Mar 2021 10:27:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/small-businesses-in-distress-number-triples/ Research by IPSE (the Association of Independent Professionals and the Self-Employed) has shown that over a third of freelancers (36%) have been affected by an increase in late payments during the pandemic.
The problem of the self employed not been paid has always been a problem.
It also f]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/new-small-business-commissioner-urged-to-tackle-late-payments/Wed, 17 Mar 2021 13:07:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/new-small-business-commissioner-urged-to-tackle-late-payments/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/bluebirds-outsourced-e-bundling-takes-off-with-zylpha/Tue, 16 Mar 2021 10:30:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/bluebirds-outsourced-e-bundling-takes-off-with-zylpha/ A donations page was created on the steam railways website was created to try and save the estab]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/public-rallies-to-save-debt-ridden-railway/Tue, 09 Mar 2021 10:22:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/public-rallies-to-save-debt-ridden-railway/ Disgraced Company secretary Lisa Crawshaw was found guilty in Grimsby Crown Court and sentenced to five years in prison for fraud. She single handedly destroyed trucking firm C&C transport by stealing £1.7m over a five year period.
The Business owners disco]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/debt-collection-notices-helped-reveal-employees-17m-scam/Thu, 04 Mar 2021 15:43:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/debt-collection-notices-helped-reveal-employees-17m-scam/ The accumulated debts were for unpaid parking fines, council tax and motorist bus lane abuse fines.
Over 17,000 fixed penalty notices issued by the council went unpaid. Add to this 3,200 fines accrued by motorists abusing the strict bus lane policy adopted by the city council.
The most common reason for non payment of the vehicle fines were the debt]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/city-council-writes-off-726m-after-debt-collection-efforts-fail/Tue, 02 Mar 2021 13:52:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/city-council-writes-off-726m-after-debt-collection-efforts-fail/ The payments made by the agency, which is part of the Department for Business, Energy and Industrial Strategy (BEIS), were at the highest levels in a decade although the various company lifelines provided by the Chancellor meant the number of firms going insolvent fell.A total of £297.5 million was paid out in redundancy pa]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/insolvency-service-payouts-hit-new-levels/Mon, 01 Mar 2021 08:34:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/insolvency-service-payouts-hit-new-levels/ Ahead of the UK’s 2021 Budget and Economic Recovery Plan, the research highlights the tough conditions that will be facing small and medium-sized businesses (SMEs) well into the second half of 2021. The research highlights how the latest lockdown has further divided the outlook of UK SMEs, with one-third worse off than November]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/average-unpaid-small-business-debts-rise-by-173k/Thu, 18 Feb 2021 12:43:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/average-unpaid-small-business-debts-rise-by-173k/ £45 Billion pounds have been lent to Small Businesses to help them through the pandemic over the last year by UK banks.
In total 1.47m loans were issued by Commercial Lenders with a government guarantee. The programme will see recipients start to pay 2.5% interest from May.
Lobby Group Uk Finance had been heading discussions on a shared solut]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/covid-loan-debt-collection-talks-hit-brick-wall/Tue, 16 Feb 2021 12:09:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/covid-loan-debt-collection-talks-hit-brick-wall/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/usu-adds-deseret-first-credit-union-to-growing-customer-roster/Thu, 11 Feb 2021 15:58:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/usu-adds-deseret-first-credit-union-to-growing-customer-roster/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/miranda-evans-appointed-as-marketing-manager-for-zylphas-pay-as-you-bundle-software/Wed, 10 Feb 2021 10:39:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/miranda-evans-appointed-as-marketing-manager-for-zylphas-pay-as-you-bundle-software/ There is a huge pile up of unpaid invoices in the UK with Small Businesses and organisations afraid to act. Many companies are simply waiting for ‘normal’ to return but nobody can actually forecast when that will be.
Leading B2B Debt Collection Experts Federal M]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/drop-in-uk-business-insolvencies-masking-a-grim-reality/Thu, 04 Feb 2021 13:45:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/drop-in-uk-business-insolvencies-masking-a-grim-reality/ Over a third of company directors were polled by the IoD. They said they had faced an increase in late payments during the pandemic. Almost one in ten directors reported that they had experienced significantly more problems than usual.
The directors’ institute has warned that the challenge could worsen as restrictions continue.
To help solve the problem, Co]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/covid-19-continues-to-increase-business-late-payment/Fri, 29 Jan 2021 08:52:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/covid-19-continues-to-increase-business-late-payment/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/zylpha-survey-electronic-document-bundling-helps-practices-to-mitigate-the-business-impact-of-working-from-home-in-a-pandemic/Tue, 26 Jan 2021 12:37:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/zylpha-survey-electronic-document-bundling-helps-practices-to-mitigate-the-business-impact-of-working-from-home-in-a-pandemic/ The latest research for Q4 2020 recorded the largest numerical quarterly leap (73,000) in financially distressed companies since Q2 2017. This 13% increase (from 557,000 in Q3 2020) comes as the UK is plunged into another nationwide lockdown.
This newly published research from Begbies Traynor also f]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/630000-uk-companies-facing-insolvency/Mon, 25 Jan 2021 10:41:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/630000-uk-companies-facing-insolvency/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/leading-galway-family-law-solicitor-chooses-zylpha-for-document-bundling/Tue, 19 Jan 2021 12:07:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/leading-galway-family-law-solicitor-chooses-zylpha-for-document-bundling/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/amsterdam-trade-bank-provides-eur-40-mn-debt-funding-for-creditshelf-platform/Tue, 19 Jan 2021 10:20:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/amsterdam-trade-bank-provides-eur-40-mn-debt-funding-for-creditshelf-platform/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/zylpha-launches-latest-pay-as-you-bundle-version-in-recognition-of-its-first-250-leap-customers/Tue, 12 Jan 2021 12:38:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/zylpha-launches-latest-pay-as-you-bundle-version-in-recognition-of-its-first-250-leap-customers/ With a temporary ban on evictions due to expire this weekend,  the news comes as the country enters another period of national lockdown. The new lockdown is causing further economic hardship the charity reports.
Private Renters have already been affected by the economic consequences of the pandemic with one in three private renter]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/millions-of-pounds-going-unpaid-in-rent-arrears/Fri, 08 Jan 2021 13:26:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/millions-of-pounds-going-unpaid-in-rent-arrears/ The FCA is preparing new guidance on how they can help businesses that took out emergency loans during the COVID-19 crisis. The guidance is intended to assist those that may struggle to make repayments.
The Financial Conduct Authority said on Friday that it is consulting on new guidance that will instruct f]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/watchdog-asks-for-help-with-debt-collection-guidance/Tue, 08 Dec 2020 11:05:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/watchdog-asks-for-help-with-debt-collection-guidance/ Manchester based JMW Solicitor’s analysis shows that corporate insolvencies adown circa 42% year-on-year in October 2020;  whilst Creditor Voluntary Liquidations, are down 36%, there is a decrease of 76% for Compulsory Liquidations and a decrease of 35% for Administrations.
Simultaneously, the ONS estimated up to 63% of businesses are at risk of in]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/top-legal-firm-warns-of-insolvency-tsunami/Fri, 04 Dec 2020 12:42:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/top-legal-firm-warns-of-insolvency-tsunami/ When tax bills go unpaid, the HMRC has the option to utilise external private debt collection agencies to help chase the debts on behalf of the crown. Companies then start dunning and chase individuals that have outstanding tax liabilities.
The HMRC uses a number of Debt Collection Agencies on its behalf. When the matter is passed over to the agency,]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/hmrc-spent-84m-on-debt-collection-over-three-year-period/Wed, 02 Dec 2020 11:38:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/hmrc-spent-84m-on-debt-collection-over-three-year-period/ Research was undertaken by the parties to assess the major impact covid-19 has had on the UK’s self employed sector. The research found that 23% of freelancers have had to get a credit card to help with their fin]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/one-million-self-employed-pushed-into-debt-due-to-covid-late-payments/Mon, 23 Nov 2020 11:08:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/one-million-self-employed-pushed-into-debt-due-to-covid-late-payments/ Sheffield Council said the error happened because it employed a debt recovery agency to help with a backlog of fines on hold since March.
It admitted the plan backfired after people were panicked by the debt agency headed letters.
Councillor Terry Fox has now “personally apologised” for the distress and worry caused.
Altogether, 1,639 letters were sent from debt recovery age]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/sheffield-council-accidently-sends-1600-debt-collection-letters/Fri, 20 Nov 2020 17:46:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/sheffield-council-accidently-sends-1600-debt-collection-letters/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/ebankit-promotes-a-webinar-on-the-future-of-banks/Wed, 18 Nov 2020 17:03:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/ebankit-promotes-a-webinar-on-the-future-of-banks/ The UK is in the latter end of a unprecedented pandemic that has forced a recession. When recession happens or cash flow is significantly reduced, companies are naturally looking for a way to spend ‘less’ money.
It is 2020 and history]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/why-free-debt-collection-can-cost-too-much/Fri, 13 Nov 2020 11:28:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/why-free-debt-collection-can-cost-too-much/ 25 companies surveyed in the denim supply chain have revealed “destructive” behaviors from their corporate clients, according to a ]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/b2b-payments-taking-covid-hit-on-a-global-scale/Fri, 13 Nov 2020 10:20:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/b2b-payments-taking-covid-hit-on-a-global-scale/ ‘Tide’ commissioned YouGov to survey small business decision makers, including sole traders, to discover their payment terms, how often they experience late payments, and the actual duration before invoices were settled.
Tide calculated that the average payment term was 15 days. However, approximately 1 in every 6 (16%) invoices are paid la]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/1-in-6-invoices-being-paid-late-according-to-survey/Fri, 06 Nov 2020 11:22:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/1-in-6-invoices-being-paid-late-according-to-survey/ UK Commercial lenders have given over £40 billion of finance to Small Businesses via the government’s bounce back scheme.
New FCA Boss Nikhil Rathi told the Commons Treasury select committee that the FCA will be closely watching the recovery process very closely.
Rathi]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/new-fca-chief-warns-of-small-business-debt-collection-supervision/Fri, 06 Nov 2020 09:23:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/new-fca-chief-warns-of-small-business-debt-collection-supervision/ UK Commercial lenders have given over £40 billion of finance to Small Businesses via the government’s bounce back scheme.
New FCA Boss Nikhil Rathi told the Commons Treasury select committee that the FCA will be closely watching th]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/new-fca-chief-warns-of-small-business-debt-collection-scrutiny/Fri, 06 Nov 2020 09:23:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/new-fca-chief-warns-of-small-business-debt-collection-scrutiny/ DCBL (Direct Collection Bailiffs Ltd) feature in Channel 5’s bailiff show ‘Can’t pay? We’ll take it away‘ and have been chasing nurses for unpaid fines for hospital parking. Their sister company DCB legal which obtains the writs for the Bailiffs to enforce have been threatening nurses with lega]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/anger-at-nhs-nurses-being-hounded-by-bailiff-firm/Mon, 02 Nov 2020 17:36:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/anger-at-nhs-nurses-being-hounded-by-bailiff-firm/ Mr Arnold was arrested this week in Dubai on charges of ‘unpaid debts’ which he blames on the failure of Saudi royals to keep their part of a legally-binding deal.
The Business deal related to his fish and chips franchise which has 36 branches across Saudi Arab]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/dubai-jailed-brit-targets-saudi-royal-family-over-unpaid-debts/Thu, 29 Oct 2020 10:48:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/dubai-jailed-brit-targets-saudi-royal-family-over-unpaid-debts/ Becker had been declared as bankrupt in 2017 due to a large debt owing to a bank. He is accused of failing to comply with obligations of disclosing information to officials.
A 28 count indictment mentions all of Wimbledon trophies and his Australian open trophies from 1991 and 96.
The German national who is now 52, has also been accus]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/tennis-legend-accused-of-hiding-trophies-from-debt-collectors/Tue, 27 Oct 2020 10:04:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/tennis-legend-accused-of-hiding-trophies-from-debt-collectors/ However, according to Know-it, a cloud-based credit management platform, while the changes are welcome and will provide the small and medium-sized enterprise (SME) sector with some much-needed support, more is needed to unravel the culture of late payments across the supply chain.
Lynne Darcey Quigley, Founder & CEO of Know-it, said:]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/new-late-payment-proposals-to-help-smes-not-enough/Fri, 23 Oct 2020 10:03:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/new-late-payment-proposals-to-help-smes-not-enough/ In a statement on their website, the Independent Schools Association (ISA) has given Frontline Collections a ‘Gold Supplier Status’ for it members.
The ISA has over 500 members which include some of the UK’s leading Independent Schools. The financial sustainability of the Private Education sector has been questioned in the current pandemic with many schools f]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/top-private-schools-association-partners-leading-debt-collection-agency/Fri, 23 Oct 2020 09:31:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/top-private-schools-association-partners-leading-debt-collection-agency/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/clearscore-selects-netacea-for-bot-protection/Wed, 21 Oct 2020 10:00:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/clearscore-selects-netacea-for-bot-protection/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/lupton-fawcett-chooses-zylpha-document-bundling/Tue, 13 Oct 2020 12:04:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/lupton-fawcett-chooses-zylpha-document-bundling/ The City UK’s Recapitalisation Group (RCG), supported by EY, has published updated projections for levels of unsustainable debt faced by SMEs.  The report shows an improved outlook for the econom]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/unsustainable-business-debt-estimated-at-70bn/Thu, 24 Sep 2020 11:43:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/unsustainable-business-debt-estimated-at-70bn/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/mulcahy-smith-chooses-zylpha-for-pay-as-you-go-electronic-document-bundling/Tue, 22 Sep 2020 12:32:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/mulcahy-smith-chooses-zylpha-for-pay-as-you-go-electronic-document-bundling/ The results from a survey by the Office of National Statistics make for shocking reading. The survey which was given the title ‘The Business impact of Coronavirus’ has just published their findings.
1 in 10 businesses are in moderate or severe financial risk of insolvency but on a positive note, 79% of Uk firms are considered low risk o]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/unpaid-invoices-affecting-54-of-uk-businesses/Fri, 11 Sep 2020 11:35:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/unpaid-invoices-affecting-54-of-uk-businesses/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/noesis-low-code-solutions-excelling-in-the-netherlands/Wed, 09 Sep 2020 10:52:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/noesis-low-code-solutions-excelling-in-the-netherlands/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/zylphas-pay-as-you-bundle-software-drives-cost-effective-compliance-at-courts-of-all-levels-for-joanna-connolly-solicitors/Tue, 08 Sep 2020 11:29:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/zylphas-pay-as-you-bundle-software-drives-cost-effective-compliance-at-courts-of-all-levels-for-joanna-connolly-solicitors/ A total loss of income from childcare fees has put an estimated 25% of private-sector nurseries at risk of running a significant deficit during lockdown, with less than £4 of income for every £5 of costs.
That’s double the number which were running a significant deficit]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/childcare-providers-facing-financial-ruin/Tue, 08 Sep 2020 10:21:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/childcare-providers-facing-financial-ruin/ Payment times have jumped to over three weeks late for a third of the UK’s Businesses and 28% of Companies reported they had seen an increase in their bad debt ledger.
As lockdown continues to ease, financial pressures are now being fac]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/business-late-payments-threatening-economy-recovery/Fri, 04 Sep 2020 09:25:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/business-late-payments-threatening-economy-recovery/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/zylpha-partners-with-virtualsignaturecom/Wed, 26 Aug 2020 11:44:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/zylpha-partners-with-virtualsignaturecom/ The use of Bailiffs had been suspended on the 26th March this year but can now resume Debt Collection activities as long as they adhere to new guidance issued. Other than ‘exceptional circumstances’, they are not allowed to enter properties to seize goods.
The Civil Enforcement Association (CIVEA) told Money Saving Expe]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/bailiffs-allowed-to-return-to-debt-collection-duties/Wed, 26 Aug 2020 09:29:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/bailiffs-allowed-to-return-to-debt-collection-duties/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/zylpha-launches-complete-guide-to-ebundling/Wed, 19 Aug 2020 13:40:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/zylpha-launches-complete-guide-to-ebundling/ This is the process where Companies House strikes off Limited companies that it believes are no longer carrying on business or in operation.
Due to the Covid-19 pandemic, Companies House had introduced temporary easement measures and has been reviewing the measures each month.Following its latest review, the temporary measure]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/company-strike-offs-to-resume-in-october/Thu, 13 Aug 2020 12:58:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/company-strike-offs-to-resume-in-october/ The number of CCJs against businesses fell from 65,724 in the first half of 2019 to 46,117 for the same period in 2020. This was the lowest number of business judgments registered in a half year since 2017. The total value o]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/number-of-business-ccjs-drops-by-30/Wed, 05 Aug 2020 08:25:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/number-of-business-ccjs-drops-by-30/ The past five shows that despite initiatives to curb the problem, no real progress has been made with large companies just ignoring all legislative initiatives.
The continuing problem of payment delays would suggest that]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/large-companies-still-delaying-payments-to-suppliers/Thu, 16 Jul 2020 10:15:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/large-companies-still-delaying-payments-to-suppliers/ The news has been welcomed by High Court Enforcement Officers Association (HCEOA) It has been also welcomed by many businesses and individuals across the country who are waiting to be paid. It is thought this move will help fuel the recovery of the economy post Covid-19.
High Court Enforcement Officers will commence visits to properties, working through a huge ba]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/residential-debt-collection-visits-set-to-resume/Fri, 03 Jul 2020 08:20:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/residential-debt-collection-visits-set-to-resume/ With reportedly half of the companies that applied for CBILS loans being declined and cash flow under strain, as invoices take longer to be settled, the research shows that 85% of business owners have felt a sense of loss of]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/9-out-of-10-uk-businesses-owed-nearly-150k-on-average/Fri, 26 Jun 2020 08:39:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/9-out-of-10-uk-businesses-owed-nearly-150k-on-average/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/kerseys-chooses-zylpha-for-document-bundling/Wed, 24 Jun 2020 14:03:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/kerseys-chooses-zylpha-for-document-bundling/ The 50 strong group of MP’s is urging chancellor Rishi Sunak to support the creation of a Debt Management Bill. The Bill would see an end to what the MP’s call ‘outdated regulations’ on the government’s debt collection practices.
MP’s are requesting that improvements are made as they leg behind]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/mps-lobby-government-for-new-debt-collection-laws/Wed, 24 Jun 2020 08:25:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/mps-lobby-government-for-new-debt-collection-laws/ However, the survey of]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/7-out-of-10-businesses-negatively-affected-by-coronavirus/Mon, 22 Jun 2020 16:56:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/7-out-of-10-businesses-negatively-affected-by-coronavirus/ Small Businesses are going to face considerable disruption and cash flow issues over the coming months due to unpaid invoices. It is estimated that as many as one in four companies will now face going bust before the year 2020 ends.
The r]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/small-businesses-face-up-to-backlog-of-unpaid-invoices/Wed, 10 Jun 2020 07:30:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/small-businesses-face-up-to-backlog-of-unpaid-invoices/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/zylphas-pay-as-you-bundle-promotion-responds-to-court-demand-for-ebundles/Wed, 03 Jun 2020 12:18:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/zylphas-pay-as-you-bundle-promotion-responds-to-court-demand-for-ebundles/ The Court ruling made in Dubai ordered David Haigh to re-pay millions of pounds in cash he was convicted of siphoning from an investment company in the UAE.
David Haigh was convicted in 2015 by Courts in Dubai for a breach of trust. It was found that he embezzled almost £4m in funds from his previous employer GFH Capital Ltd. GFH Capital Ltd are a middle eastern based private equity company]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/4m-dubai-debt-upheld-by-english-court/Thu, 28 May 2020 11:00:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/4m-dubai-debt-upheld-by-english-court/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/allard-bailey-chooses-zylpha-pay-as-you-bundle-software-to-boost-flexibility/Tue, 26 May 2020 13:02:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/allard-bailey-chooses-zylpha-pay-as-you-bundle-software-to-boost-flexibility/ The Bill consists of 6 insolvency measures and 2 corporate governance measures. The insolvency measures will provide vital support to businesses to help them through this period of instability.
The corporate governance measure]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/emergency-insolvency-reforms-introduced/Thu, 21 May 2020 13:18:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/emergency-insolvency-reforms-introduced/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/zylpha-appoints-ryan-thomas-as-senior-net-developer-for-bundling-software/Tue, 19 May 2020 11:00:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/zylpha-appoints-ryan-thomas-as-senior-net-developer-for-bundling-software/ Preston based Debt Collection firm Akinika had originally closed its doors on the 11th May after a member of staff had tested positive on Saturday the 9th with the Coronavirus. The closure was for a “deep clean” of the Premises after telling staff that a fellow employee had tested positive.
Staff were then told to return to work on the following da]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/seven-staff-confirmed-with-covid-19-at-debt-collection-firm/Fri, 15 May 2020 15:08:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/seven-staff-confirmed-with-covid-19-at-debt-collection-firm/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/leading-jersey-legal-practice-drives-document-innovation-through-zylpha/Tue, 12 May 2020 12:40:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/leading-jersey-legal-practice-drives-document-innovation-through-zylpha/ The majority of the new measures are aimed at providing Limited Companies maximum survival chances. It is said it will help protect jobs and aid the Country’s economical recovery post Coronavirus.
Many Companies have already fallen victim to the Lockdown including Debenhams and Carluccios]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/details-released-of-emergency-covid-19-insolvency-and-debt-recovery-reforms/Mon, 11 May 2020 14:50:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/details-released-of-emergency-covid-19-insolvency-and-debt-recovery-reforms/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/zylpha-appoints-chief-support-analyst-for-its-bundling-platform/Tue, 28 Apr 2020 11:00:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/zylpha-appoints-chief-support-analyst-for-its-bundling-platform/ Sidetrade’s tracker is based on a statistical analysis of 26 million invoices, representing €54bn of business to business transactions with the payment behaviour of over 3.7 million businesses is tracked week by week. The company says that unsurprisingly, unpaid invoices have increased since lockdown measures went into effect.
In the report data, scientists cons]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/23-increase-in-unpaid-business-invoices/Fri, 24 Apr 2020 09:33:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/23-increase-in-unpaid-business-invoices/ In the first three months of this year, over 509,000 British Businesses were in significant distress according to Insolvency firm Begbies Traynor. Significant distress is one step from critical distress which is when companies fold and go into liquidation or administration.
The majority of the 509,000 Businesses are Small Businesses. Small Businesses are those with less than 250 employees in]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/insolvency-experts-warn-of-mass-business-collapses/Mon, 20 Apr 2020 12:26:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/insolvency-experts-warn-of-mass-business-collapses/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/zylpha-launches-first-visualfiles-integration-for-governments-electronic-mortgage-deed-service/Wed, 15 Apr 2020 11:27:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/zylpha-launches-first-visualfiles-integration-for-governments-electronic-mortgage-deed-service/ The CSA, which is the trade body for the debt collection industry has sent a letter to the Government, warning of the consequences of agreeing to such.
The Credit Services Association says it’s members return around £4 billion to the UK economy every yea]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/debt-collection-trade-body-warns-against-writing-off-billions/Mon, 06 Apr 2020 14:30:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/debt-collection-trade-body-warns-against-writing-off-billions/ The main problem for many Agencies is that they face the issue of helping to stop the spread of the Covid-19 virus whilst maintaining GDPR requirements.
Rather than deal with the operational dilema, some Debt Collection firms have simply chosen to furlough staff in the hope they can survive th]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/debt-collection-firms-facing-coronavirus-challenges/Fri, 03 Apr 2020 11:59:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/debt-collection-firms-facing-coronavirus-challenges/ Additionally, on orders and work that has been completed, payments are being delayed. Three-quarters (74%) of business owners reported invoi]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/smes-facing-coronavirus-cashflow-problems/Mon, 16 Mar 2020 12:25:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/smes-facing-coronavirus-cashflow-problems/ Landlady, Lydia Suleaudu demonstrated a blatant disregard for her tenants rights a court was told. The tenant has been renting a room from the landlord in January 2018. Two months in and he came home to find a note on his bedroom floor floor, requesting he leave.
The property is located in Bristol. The Tenant contacted Bristol council then went back to the property. On his return h]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/court-orders-landlord-to-pay-tenant-money-over-eviction-failings/Wed, 04 Mar 2020 12:46:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/court-orders-landlord-to-pay-tenant-money-over-eviction-failings/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/corie-robinson-joins-zylpha-from-lexisnexis/Wed, 19 Feb 2020 11:49:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/corie-robinson-joins-zylpha-from-lexisnexis/ Following a number of complaints, the Insolvency Service became aware of underhand debt recovery trading activities and instigated an investigation.
The company, Redwood Business Management Ltd had been trading under the name Rojen Recovery services since its incorporation in 2017. Their registered offices were located in Shedfield, Newcastle upon Tyne.
The Court heard how ‘]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/high-court-orders-closure-of-debt-collection-agency/Tue, 18 Feb 2020 16:14:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/high-court-orders-closure-of-debt-collection-agency/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/iaxept-online-contactless-brings-sca-compliant-contactless-card-payments-for-internet-shopping/Tue, 18 Feb 2020 10:00:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/iaxept-online-contactless-brings-sca-compliant-contactless-card-payments-for-internet-shopping/ Jane Hipkin Russell aged 58, was subject to investigations by the Insolvency Service looking at the causes of the collapse of Jonathan Waters Estate Agents in 2018. They found that Russell had failed to fulfil obligations to tenants by not placing their deposits in the required safety deposit schemes.
Investigators found that 11 tenants deposits had not been placed in secure accounts to the value o]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/estate-agent-banned-after-spending-clients-monies/Mon, 17 Feb 2020 15:25:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/estate-agent-banned-after-spending-clients-monies/ According to figures released by the Registry Trust, the new findings show households are struggling with paying their debts.
Data findings showed that claims against individuals rose by 30,138 to 1.15m for the year 2019.
This number of CCJ’s is double the number it was in 2012. The Registry Trust has stated that the number of]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/number-of-personal-ccjs-hits-record-high/Thu, 13 Feb 2020 10:23:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/number-of-personal-ccjs-hits-record-high/ Bailiffs would be instructed to remove TV sets from properties where the occupants refuse to pay licence fees. New plans are under consideration from the Government as a suitable alternative to criminal prosecution.
The Culture Secretary, Baroness Morgan says the BBC needs to move with the times or it could potentially collapse like rental firm Blockbusters.
The license fee increases to &p]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/government-considers-using-debt-collectors-to-collect-tv-licence-fees/Fri, 07 Feb 2020 15:59:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/government-considers-using-debt-collectors-to-collect-tv-licence-fees/ The Wine merchant was judged to have abused customers trust and removed funds. A large part of these funds were due to be returned to customers for selling their win stocks or not supplying their orders.
Kevin Eagling had received the maxim]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/disqualified-director-ordered-to-pay-500k-to-creditors/Wed, 05 Feb 2020 15:25:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/disqualified-director-ordered-to-pay-500k-to-creditors/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/fx-hedgepool-goes-live/Wed, 05 Feb 2020 12:00:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/fx-hedgepool-goes-live/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/zylphas-pay-as-you-go-bundle-software-drives-innovation-at-jwp-solicitors/Tue, 04 Feb 2020 11:30:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/zylphas-pay-as-you-go-bundle-software-drives-innovation-at-jwp-solicitors/ The decline in Business CCJ’s mainly affected Limited (incorporated) companies in England and Wales. The figures showed a twenty seven per cent decrease compared with the same period in 2018.
There were a total of 21,373 Business CCJ’s issued in Q4 of 2018 and this dropped to 15,62]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/number-of-business-ccjs-issued-decreases/Fri, 31 Jan 2020 11:33:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/number-of-business-ccjs-issued-decreases/ Unpaid invoices and overdue accounts are a real issue facing UK Businesses today. Thousands of Small Businesses go bust every year due to unpaid debts. A recent survey showed that hours are wasted every week by SME owners in the UK whose Businesses are owed money.
The va]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/5-best-reasons-to-use-a-business-debt-recovery-service/Wed, 22 Jan 2020 15:10:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/5-best-reasons-to-use-a-business-debt-recovery-service/ Tide surveyed a total of 1,000 CEO’s Directors and Senior Managers in December to find out how they utilize their working day. In Depth studies show the average UK Small Business is chasing five outstanding invoices. The average debt owing to Small Businesses was shown to be £8,]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/new-year-sees-smes-chasing-50bn-in-business-debt/Thu, 16 Jan 2020 11:27:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/new-year-sees-smes-chasing-50bn-in-business-debt/ Maintaining and improving the profitability of a Business is critical. This is both in term sof long term growth and current sustainability.  The world of Business is changing and 2020 will mark a new era in credit control. Brexit is firmly on the horizon so credit control efficiency is a must.
From Business Credit Checks]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/expert-company-credit-control-tips-for-2020/Tue, 14 Jan 2020 10:39:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/expert-company-credit-control-tips-for-2020/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/irish-credit-union-esccu-selects-igel-software-defined-endpoints-to-deliver-high-quality-member-services-and-underpin-future-growth/Thu, 12 Dec 2019 14:07:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/irish-credit-union-esccu-selects-igel-software-defined-endpoints-to-deliver-high-quality-member-services-and-underpin-future-growth/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/financial-identities-for-worlds-unbanked-would-add-usd-250bn-to-global-gdp-according-to-new-study/Wed, 11 Dec 2019 09:00:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/financial-identities-for-worlds-unbanked-would-add-usd-250bn-to-global-gdp-according-to-new-study/ Such has been the rise is fraudsters posing as Debt Collectors, the government has issued guidance on what to do. In a statement issued on the governments own site, they advise they are aware of the fraudsters actions.
reports they have received advise of scammers posing as County Court Bailiffs, High Court En]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/government-warns-of-scam-debt-collectors/Tue, 10 Dec 2019 16:51:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/government-warns-of-scam-debt-collectors/ The club itself is hundreds of thousands of pounds in debt and is facing a winding up order from the HMRC for unpaid taxes.
The specialist Insolvency & Companies Court in London heard on Wednesday that Campbell is one of many creditors owed money by the club.
Tax]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/ex-england-star-wants-football-club-wound-up/Fri, 06 Dec 2019 10:30:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/ex-england-star-wants-football-club-wound-up/ The SEC has said that there is a deterioration in payment practices. In addition, its members have reported increases in payment abuse. This is added to increasing insolvencies in the construction industry.  Th]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/subcontractors-demanding-new-late-payment-legislation/Thu, 05 Dec 2019 15:54:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/subcontractors-demanding-new-late-payment-legislation/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/zylpha-unveils-high-performance-pay-as-you-bundle-option-for-imanage/Tue, 19 Nov 2019 11:21:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/zylpha-unveils-high-performance-pay-as-you-bundle-option-for-imanage/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/juvo-partners-with-docomo-digital-to-boost-mobile-commerce/Wed, 13 Nov 2019 14:00:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/juvo-partners-with-docomo-digital-to-boost-mobile-commerce/ The survey has been conducted by the countries leading engineering services trade bodies BESA and ECA along with 25 other construction trade bodies.
The survey has found that business owners suffer an array of significa]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/business-owners-left-feeling-suicidal-due-to-late-payment-survey-says/Tue, 12 Nov 2019 10:59:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/business-owners-left-feeling-suicidal-due-to-late-payment-survey-says/ The Prompt Payment Code is administered and monitored by the Chartered Institute of Credit Management (CICM). This is conducted on behalf of the government’s Department for Business, Energy & Industrial Strategy (BEIS).
Companies that sign up to the code pledge to uphold a level of bes]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/four-construction-firms-suspended-from-prompt-payment-code/Tue, 05 Nov 2019 11:21:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/four-construction-firms-suspended-from-prompt-payment-code/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/zylpha-introduces-greenwoods-grm-to-document-bundling-environment/Tue, 29 Oct 2019 12:54:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/zylpha-introduces-greenwoods-grm-to-document-bundling-environment/ 489,000 Companies in the UK are flagged as experiencing significant distress since the EU referendum in 2016 with the property, real estate, retail, construction and travel sectors most affected.
The most recent data for Q3 (June, July and September) found that many UK trading Businesses had increased by the end of september.
One of the P]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/nearly-half-a-million-uk-firms-in-financial-distress/Thu, 24 Oct 2019 10:03:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/nearly-half-a-million-uk-firms-in-financial-distress/ The latest market research report compiled by Hitachi Capital UK is entitled Late Payments: The Cost to Business and Our health.
The report shows that Freelancers and SME owners are now spending an average of 77 minutes every day chasing unpaid invoices due from clients. It also highlights that most do not know w]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/research-shows-late-payment-affects-freelancer-amp-sme-owners-health/Tue, 15 Oct 2019 11:12:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/research-shows-late-payment-affects-freelancer-amp-sme-owners-health/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/bell-lamb-and-joynson-opts-for-zylphas-pay-as-you-bundle-document-solution/Tue, 08 Oct 2019 11:39:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/bell-lamb-and-joynson-opts-for-zylphas-pay-as-you-bundle-document-solution/ Bailiffs are instructed by Councils, once a Liability Order has been obtained in the Magistrates Court, to collect outstanding business rates on their behalf. Bailiffs can levy &lsqu]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/78000-premises-visited-by-bailiffs-due-to-business-rate-debt/Mon, 30 Sep 2019 15:55:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/78000-premises-visited-by-bailiffs-due-to-business-rate-debt/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/azzurro-associates-selects-lexisnexis-visualfiles-for-azzurro-law-ltd/Wed, 25 Sep 2019 10:30:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/azzurro-associates-selects-lexisnexis-visualfiles-for-azzurro-law-ltd/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/juvo-unveils-financial-identity-as-a-service-to-unlock-financial-services-for-39bn-underbanked-consumers/Tue, 24 Sep 2019 15:07:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/juvo-unveils-financial-identity-as-a-service-to-unlock-financial-services-for-39bn-underbanked-consumers/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/tribe-payments-launches-the-first-complete-payments-sandbox/Mon, 23 Sep 2019 09:00:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/tribe-payments-launches-the-first-complete-payments-sandbox/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/zylphas-pay-as-you-bundle-software-drives-efficiency-and-client-care-at-ann-mccabe-solicitors/Tue, 17 Sep 2019 11:55:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/zylphas-pay-as-you-bundle-software-drives-efficiency-and-client-care-at-ann-mccabe-solicitors/ The fear of upsetting customer relationships was the biggest reason for this by a clear margin. Two thirds said that they did not want to upset customers by taking action to recover unpaid business invoices. The other major reason was that chasing overdue payments was considered time consuming.
The Lloyds Bank]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/uk-companies-still-failing-to-chase-business-debts/Thu, 12 Sep 2019 13:02:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/uk-companies-still-failing-to-chase-business-debts/ Sameer Shabir was one of a trio of men who physically threatened and attacked the Enforcement officers who attended to collect a debt.
Derby Crown Court heard how the Enforcement Officers attended the Defendants address to request payment of a debt. The court was told how Mr Shabir came out of the property carrying a large wrench and was acting very aggressive.
The debtor]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/debtor-jailed-for-attack-on-debt-collection-agents/Wed, 11 Sep 2019 11:59:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/debtor-jailed-for-attack-on-debt-collection-agents/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/new-rizikon-assurance-20-empowers-companies-to-take-control-of-third-party-risk/Wed, 04 Sep 2019 09:01:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/new-rizikon-assurance-20-empowers-companies-to-take-control-of-third-party-risk/ West Kent and Ashford College (WKAC) has filed for administration after the Further Education commissioner recommended that East Kent College group take on the provision of services and facilities.
Bosses at the college agreed. WKAC chair Martin Doel commented
“While finances have been stabilised over recent months,]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/kent-college-applies-for-education-administration/Thu, 29 Aug 2019 15:34:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/kent-college-applies-for-education-administration/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/fintech-nomanini-raises-4m-in-funding-round-led-by-standard-bank/Tue, 27 Aug 2019 12:54:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/fintech-nomanini-raises-4m-in-funding-round-led-by-standard-bank/ This is growing concern due to a new Business Confidence monitor report that has been produced by the Independent chartered Accountants of England and Wales (ICAEW).
Nearly a quarter of SME’s surveyed in the United Kingdom reported that late payments are becoming a bigger issue than they were a year ago.
Small Businesses in six out of the major nine industries report that]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/smes-say-late-payment-is-on-the-increase/Thu, 15 Aug 2019 10:47:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/smes-say-late-payment-is-on-the-increase/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/peer-amp-co-see-the-benefits-of-zylpha-document-bundling/Tue, 13 Aug 2019 12:41:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/peer-amp-co-see-the-benefits-of-zylpha-document-bundling/ The HSE, which is responsible for public Health services in Ireland, using debt collection companies to chase up debts. The debts are for statutory charges such as €100 emergency department fees and €80 per night inpatient bills that have not been paid.
Some of Ireland’s largest hospitals in Limerick, Galway and Cork have been utilising Debt Collection firms to combat the]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/hospitals-turning-to-debt-collection-firms-for-help/Tue, 13 Aug 2019 11:10:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/hospitals-turning-to-debt-collection-firms-for-help/ Alan Stevenson from Manchester worked as an I.T Manager in Doha, Qatar in 2013 at which time he opened a Bank Account. Under the terms of the account, he was required to write a blank cheque to cover any unpaid balances.
Mr Stevenson was on a ‘wanted’ Interpol list after Bank Officials from Qatar reported him for an Unpaid Credit Card debt that was still outstandin]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/brit-being-held-in-prison-due-to-credit-card-debt/Fri, 09 Aug 2019 12:47:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/brit-being-held-in-prison-due-to-credit-card-debt/ He has also has his Spanish and Brazilian passports confiscated due to mounting debt after he was hit with financial penalties by authorities. The penalties were due to the illegal building of a pier by a lake side property he owns in Porto Alegre.
News reports in Brazil say the former World Cup winner was find £2.6 million pounds for this breach of the laws]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/soccer-legend-has-assets-frozen-due-to-unpaid-debts/Wed, 07 Aug 2019 15:59:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/soccer-legend-has-assets-frozen-due-to-unpaid-debts/ That is a massive improvement of 5 days compared with the last set of statistics put together by the Trade body which started collating the Late Payment behaviour of its members 12 months ago.
Jo Fautley who is the deputy Chief Executive of Build UK commented: “Over the past year,]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/construction-industry-sees-improved-payment-times/Thu, 01 Aug 2019 09:48:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/construction-industry-sees-improved-payment-times/ The red flag data produced by the Insolvency giants reveals that around 484,000 businesses as consumer facing sectors continue to falter and this figure accounts for 14% of all active UK Companies.
Property, Tourism and Leisure sectors are said to be the main sectors under threat and the research found that the average insolvent company debt ha]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/half-a-million-uk-firms-in-significant-distress/Wed, 31 Jul 2019 09:54:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/half-a-million-uk-firms-in-significant-distress/ The Ministry of Justice has announced the move for England and Wales to offer protection to vulnerable debtors and protect against “intimidation and aggression” tactics that have been used by some Bailiff firms.
The body cameras are already worn by some firms but it will soon become compulsory that all 2,500 certificated bailiffs and enforce]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/body-cameras-to-be-compulsory-for-private-debt-collectors/Mon, 22 Jul 2019 16:28:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/body-cameras-to-be-compulsory-for-private-debt-collectors/ Johnathon Hepton aged 58 was appearing in Northampton Crown Court a few weeks ago on charges of making threats to kill and affray.
The Two victims as it were, Bailiffs who are brothers, attended Mr Hepton’s property in the picturesque village of Norton near Daventry on January 8th 2018. Their visit was to collec]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/bailiff-axe-attacker-avoids-jail/Fri, 19 Jul 2019 16:21:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/bailiff-axe-attacker-avoids-jail/ The report found that a shocking 75% of Small Businesses and Medium Enterprises are fearful of taking action against late payment of invoices for fear of tarnishing their client relationships.
43% of SME&r]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/smes-fearful-of-chasing-unpaid-invoices/Thu, 18 Jul 2019 12:32:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/smes-fearful-of-chasing-unpaid-invoices/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/nexa-law-adopts-zylphas-pay-as-you-go-bundling-for-leap/Wed, 17 Jul 2019 12:37:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/nexa-law-adopts-zylphas-pay-as-you-go-bundling-for-leap/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/dovaston-laws-leap-up-and-running-with-zylpha-bundling/Tue, 02 Jul 2019 12:09:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/dovaston-laws-leap-up-and-running-with-zylpha-bundling/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/flexi-fi-to-use-cutting-edge-mitek-technology-to-fast-track-credit-applications/Tue, 02 Jul 2019 11:00:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/flexi-fi-to-use-cutting-edge-mitek-technology-to-fast-track-credit-applications/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/finastra-appathon-challenges-fintechs-and-developers-to-deliver-new-solutions-for-community-banks-and-credit-unions/Thu, 27 Jun 2019 16:20:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/finastra-appathon-challenges-fintechs-and-developers-to-deliver-new-solutions-for-community-banks-and-credit-unions/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/metro-bank-signs-3-year-agreement-for-artesian-solutions-new-risk-and-compliance-hub-arch/Tue, 25 Jun 2019 10:30:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/metro-bank-signs-3-year-agreement-for-artesian-solutions-new-risk-and-compliance-hub-arch/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/first-pay-as-you-go-legal-bundling-tool-for-law-firms-as-zylpha-partners-with-leap/Wed, 12 Jun 2019 13:16:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/first-pay-as-you-go-legal-bundling-tool-for-law-firms-as-zylpha-partners-with-leap/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/kingsley-napley-and-zylpha-collaborate-on-bundling-innovation/Tue, 04 Jun 2019 14:06:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/kingsley-napley-and-zylpha-collaborate-on-bundling-innovation/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/finastras-open-cloud-platform-drives-collaboration-and-innovation-in-financial-services/Mon, 20 May 2019 17:34:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/finastras-open-cloud-platform-drives-collaboration-and-innovation-in-financial-services/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/ai-reads-newspapers-and-monitors-credit-risk/Thu, 09 May 2019 13:20:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/ai-reads-newspapers-and-monitors-credit-risk/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/birkett-long-smartens-aml-processes-with-zylphas-smartsearch-integration/Tue, 09 Apr 2019 12:48:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/birkett-long-smartens-aml-processes-with-zylphas-smartsearch-integration/ Whilst this is not exactly a revelation to most, according to Duff & Phelps, Global Business Advisers, it is a growing problem that Small Business Owners need to be very aware of.
Recent research shows that small businesses in the UK are facing a collective bil]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/late-payment-the-problem-that-wont-go-away/Thu, 28 Mar 2019 12:30:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/late-payment-the-problem-that-wont-go-away/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/das-law-transforms-its-pi-operation-with-zylpha-integrations/Tue, 26 Mar 2019 12:05:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/das-law-transforms-its-pi-operation-with-zylpha-integrations/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-6-march-2019/Wed, 06 Mar 2019 16:49:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-6-march-2019/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-6-march-2019/Wed, 06 Mar 2019 16:45:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-6-march-2019/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-5-march-2019/Wed, 06 Mar 2019 16:27:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-5-march-2019/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-5-march-2019/Wed, 06 Mar 2019 16:24:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-5-march-2019/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-4-march-2019/Wed, 06 Mar 2019 16:23:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-4-march-2019/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/inoapps-interviews-oracle-blockchain-guru-for-latest-podcast/Wed, 06 Mar 2019 10:27:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/inoapps-interviews-oracle-blockchain-guru-for-latest-podcast/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-1st-march-2019/Fri, 01 Mar 2019 17:17:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-1st-march-2019/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-1st-march-2019/Fri, 01 Mar 2019 16:58:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-1st-march-2019/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-28th-february-2019/Fri, 01 Mar 2019 09:26:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-28th-february-2019/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-28th-february-2019/Fri, 01 Mar 2019 09:20:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-28th-february-2019/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-27th-february-2019/Thu, 28 Feb 2019 09:56:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-27th-february-2019/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-27th-february-2019/Thu, 28 Feb 2019 09:53:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-27th-february-2019/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/anthony-collins-solicitors-opts-for-zylpha-bundling/Wed, 27 Feb 2019 13:37:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/anthony-collins-solicitors-opts-for-zylpha-bundling/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-26th-february-2019/Wed, 27 Feb 2019 10:11:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-26th-february-2019/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-26th-february-2019/Wed, 27 Feb 2019 10:07:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-26th-february-2019/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-25th-february-2019/Mon, 25 Feb 2019 18:55:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-25th-february-2019/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-25th-february-2019/Mon, 25 Feb 2019 18:52:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-25th-february-2019/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-22nd-february-2019/Mon, 25 Feb 2019 18:45:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-22nd-february-2019/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-22nd-february-2019/Mon, 25 Feb 2019 18:41:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-22nd-february-2019/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-21st-february-2019/Fri, 22 Feb 2019 10:13:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-21st-february-2019/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-21st-february-2019/Fri, 22 Feb 2019 10:10:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-21st-february-2019/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-20th-february-2019/Thu, 21 Feb 2019 09:57:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-20th-february-2019/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-20th-february-2019/Thu, 21 Feb 2019 09:51:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-20th-february-2019/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-19th-february-2019/Wed, 20 Feb 2019 09:58:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-19th-february-2019/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-19th-february-2019/Wed, 20 Feb 2019 09:53:00 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+0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-12th-december-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-11th-december-2018/Sat, 05 Jan 2019 12:28:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-11th-december-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-11th-december-2018/Sat, 05 Jan 2019 12:23:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-11th-december-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-10th-december-2018/Sat, 05 Jan 2019 12:15:00 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+0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-6th-december-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-6th-december-2018/Sat, 05 Jan 2019 11:18:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-6th-december-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-5th-december-2018/Sat, 05 Jan 2019 11:10:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-5th-december-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-5th-december-2018/Sat, 05 Jan 2019 11:06:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-5th-december-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-4th-december-2018/Sat, 05 Jan 2019 11:01:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-4th-december-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-4th-december-2018/Sat, 05 Jan 2019 10:55:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-4th-december-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-3rd-december-2018/Sat, 05 Jan 2019 10:45:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-3rd-december-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-3rd-december-2018/Fri, 21 Dec 2018 17:22:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-3rd-december-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-30th-november-2018/Thu, 20 Dec 2018 10:24:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-30th-november-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-30th-november-2018/Thu, 20 Dec 2018 10:16:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-30th-november-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-29th-november-2018/Thu, 20 Dec 2018 10:02:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-29th-november-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-29th-november-2018/Thu, 20 Dec 2018 09:53:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-29th-november-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-28th-november-2018/Thu, 20 Dec 2018 09:46:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-28th-november-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-28th-november-2018/Thu, 20 Dec 2018 09:39:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-28th-november-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-27th-november-2018/Thu, 20 Dec 2018 09:32:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-27th-november-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-27th-november-2018/Thu, 20 Dec 2018 09:19:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-27th-november-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/creditshelf-launches-first-digital-securitisation-of-sme-loans-together-with-crosslend/Tue, 18 Dec 2018 10:37:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/creditshelf-launches-first-digital-securitisation-of-sme-loans-together-with-crosslend/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-26th-november-2018/Fri, 14 Dec 2018 17:42:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-26th-november-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/mps-report-suggests-new-business-late-payment-laws/Fri, 07 Dec 2018 10:55:00 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+0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-21st-november-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-20th-november-2018/Wed, 28 Nov 2018 16:46:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-20th-november-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-20th-november-2018/Wed, 28 Nov 2018 16:31:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-20th-november-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/zylpha-signs-with-docusign/Wed, 28 Nov 2018 13:05:00 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+0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/fieldfisher-rolls-out-lexisone-to-german-office-network/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-16th-november-2018/Thu, 22 Nov 2018 10:24:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-16th-november-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-16th-november-2018/Thu, 22 Nov 2018 10:06:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-16th-november-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-15th-november-2018/Wed, 21 Nov 2018 10:10:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-15th-november-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-15th-november-2018/Wed, 21 Nov 2018 10:04:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-15th-november-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-14th-november-2018/Tue, 20 Nov 2018 10:19:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-14th-november-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-14th-november-2018/Tue, 20 Nov 2018 10:10:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-14th-november-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-13th-november-2018/Tue, 20 Nov 2018 10:02:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-13th-november-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-8th-november-2018/Tue, 13 Nov 2018 17:37:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-8th-november-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-8th-november-2018/Tue, 13 Nov 2018 17:24:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-8th-november-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-7th-november-2018/Tue, 13 Nov 2018 17:20:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-7th-november-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-7th-november-2018/Mon, 12 Nov 2018 18:01:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-7th-november-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-6th-november-2018/Wed, 07 Nov 2018 17:39:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-6th-november-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-6th-november-2018/Wed, 07 Nov 2018 17:36:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-6th-november-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-5th-november-2018/Wed, 07 Nov 2018 17:18:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-5th-november-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-5th-november-2018/Wed, 07 Nov 2018 17:13:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-5th-november-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-2nd-november-2018/Wed, 07 Nov 2018 17:02:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-2nd-november-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-2nd-november-2018/Wed, 07 Nov 2018 16:55:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-2nd-november-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/zylphas-all-new-bundling-system-transforms-legal-documentation-standards/Wed, 07 Nov 2018 11:10:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/zylphas-all-new-bundling-system-transforms-legal-documentation-standards/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-1st-november-2018/Thu, 01 Nov 2018 17:53:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-1st-november-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-1st-november-2018/Thu, 01 Nov 2018 17:49:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-1st-november-2018/ The MOJ initiative, which was to be called the “Transforming Compliance and Enforcement Programme“, was due to be part of the Courts and tribunals £1.2bn modernisation programme and was in development for three years.
The new Debt Collection programme had been designed to assist those owed money by of compens]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/scrapped-uk-debt-collection-service-cost-taxpayers-18m/Thu, 01 Nov 2018 15:50:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/scrapped-uk-debt-collection-service-cost-taxpayers-18m/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-31st-october-2018/Wed, 31 Oct 2018 17:43:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-31st-october-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-31st-october-2018/Wed, 31 Oct 2018 17:38:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-31st-october-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-30th-october-2018/Wed, 31 Oct 2018 17:33:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-30th-october-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-30th-october-2018/Wed, 31 Oct 2018 17:26:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-30th-october-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/aareon-360-portal-enables-social-landlords-to-digitally-transform-customer-staff-supplier-and-property-management-operations/Wed, 31 Oct 2018 11:10:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/aareon-360-portal-enables-social-landlords-to-digitally-transform-customer-staff-supplier-and-property-management-operations/ Research results provided via the Atradius Payment Practices Barometer for Western Europe found almost half of all British business invoices (48.7%) were overdue. This compares to an average across the region of 41.8%, up from 40.7% in 2017.  In addition, Great]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/nearly-50-of-british-business-invoices-overdue/Tue, 30 Oct 2018 16:37:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/nearly-50-of-british-business-invoices-overdue/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-29th-october-2018/Tue, 30 Oct 2018 10:32:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-29th-october-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-29th-october-2018/Tue, 30 Oct 2018 10:26:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-29th-october-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-26th-october-2018/Mon, 29 Oct 2018 14:43:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-26th-october-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-26th-october-2018/Mon, 29 Oct 2018 14:28:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-26th-october-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-25th-october-2018/Mon, 29 Oct 2018 14:13:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-25th-october-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-25th-october-2018/Mon, 29 Oct 2018 14:09:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-25th-october-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-24th-october-2018/Mon, 29 Oct 2018 14:04:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-24th-october-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-24th-october-2018/Mon, 29 Oct 2018 14:01:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-24th-october-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-23rd-october-2018/Mon, 29 Oct 2018 11:31:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-23rd-october-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-23rd-october-2018/Mon, 29 Oct 2018 11:29:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-23rd-october-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-22nd-october-2018/Mon, 29 Oct 2018 11:21:00 +0100https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-22nd-october-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-22nd-october-2018/Fri, 26 Oct 2018 09:54:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-22nd-october-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-19th-october-2018/Fri, 26 Oct 2018 09:39:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-19th-october-2018/ There was also further positive financial news as the number of Scottish Firms entering administration has dropped sharply also for the year 2018 so far. Administrations in 2018 have dropp]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/huge-drop-in-scottish-business-insolvencies/Wed, 24 Oct 2018 10:49:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/huge-drop-in-scottish-business-insolvencies/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-18th-october-2018/Thu, 18 Oct 2018 17:23:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-18th-october-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-18th-october-2018/Thu, 18 Oct 2018 17:20:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-18th-october-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-17th-october-2018/Thu, 18 Oct 2018 17:14:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-17th-october-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-17th-october-2018/Thu, 18 Oct 2018 17:10:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-17th-october-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-16th-october-2018/Thu, 18 Oct 2018 17:02:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-16th-october-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-16th-october-2018/Thu, 18 Oct 2018 16:56:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-16th-october-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-15th-october-2018/Thu, 18 Oct 2018 16:51:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-15th-october-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-15th-october-2018/Thu, 18 Oct 2018 16:43:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-15th-october-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-12th-october-2018/Thu, 18 Oct 2018 16:34:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-12th-october-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-12th-october-2018/Thu, 18 Oct 2018 12:57:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-12th-october-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-11th-october-2018/Thu, 18 Oct 2018 12:41:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-11th-october-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-11th-october-2018/Thu, 18 Oct 2018 12:38:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-11th-october-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-10th-october-2018/Thu, 18 Oct 2018 12:31:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-10th-october-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-9th-october-2018/Thu, 18 Oct 2018 12:24:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-9th-october-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-9th-october-2018/Thu, 18 Oct 2018 12:19:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-9th-october-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-8th-october-2018/Thu, 18 Oct 2018 12:09:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-8th-october-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/royds-withy-king-chooses-zylpha-for-bundling-and-electronic-signatures/Tue, 16 Oct 2018 11:06:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/royds-withy-king-chooses-zylpha-for-bundling-and-electronic-signatures/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-8th-october-2018/Fri, 12 Oct 2018 16:51:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-8th-october-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-5th-october-2018/Mon, 08 Oct 2018 17:14:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-5th-october-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-5th-october-2018/Mon, 08 Oct 2018 16:48:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-5th-october-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-4th-october-2018/Mon, 08 Oct 2018 16:37:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-4th-october-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-4th-october-2018/Mon, 08 Oct 2018 16:26:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-4th-october-2018/ New Research also reveals that a worrying 27% of Small Businesses now say they are struggling to survive due to unpaid business debts and late payment.
The findings in a survey conducted by Hitachi Capital Business Finance reveals that the majority of Small Businesses in the UK are now experiencing cash]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/small-business-owners-going-without-wages-due-to-late-payment/Mon, 08 Oct 2018 11:30:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/small-business-owners-going-without-wages-due-to-late-payment/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-3rd-october-2018/Fri, 05 Oct 2018 11:33:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-3rd-october-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-3rd-october-2018/Fri, 05 Oct 2018 11:29:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-3rd-october-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-2nd-october-2018/Fri, 05 Oct 2018 11:19:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-2nd-october-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-2nd-october-2018/Fri, 05 Oct 2018 10:59:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-2nd-october-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-1st-october-2018/Fri, 05 Oct 2018 10:55:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-1st-october-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-1st-october-2018/Fri, 05 Oct 2018 10:47:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-1st-october-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-28th-september-2018/Thu, 04 Oct 2018 17:52:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-28th-september-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-28th-september-2018/Thu, 04 Oct 2018 17:27:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-28th-september-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-27th-september-2018/Thu, 04 Oct 2018 17:18:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-27th-september-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-27th-september-2018/Thu, 04 Oct 2018 17:15:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-27th-september-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-26th-september-2018/Thu, 04 Oct 2018 16:35:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-26th-september-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-26th-september-2018/Thu, 04 Oct 2018 16:28:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-26th-september-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-25th-september-2018/Thu, 04 Oct 2018 16:24:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-25th-september-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-25th-september-2018/Thu, 04 Oct 2018 16:17:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-25th-september-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-24th-september-2018/Thu, 04 Oct 2018 16:12:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-24th-september-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/zylphas-new-hubshare-integration-allows-visualfiles-users-to-collaborate-for-the-first-time/Tue, 02 Oct 2018 12:18:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/zylphas-new-hubshare-integration-allows-visualfiles-users-to-collaborate-for-the-first-time/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-24th-september-2018/Fri, 28 Sep 2018 17:19:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-24th-september-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-21st-september-2018/Tue, 25 Sep 2018 17:16:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-21st-september-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-21st-september-2018/Tue, 25 Sep 2018 16:51:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-21st-september-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-20th-september-2018/Fri, 21 Sep 2018 17:29:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-20th-september-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-20th-september-2018/Fri, 21 Sep 2018 17:26:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-20th-september-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-19th-september-2018/Fri, 21 Sep 2018 17:17:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-19th-september-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-19th-september-2018/Fri, 21 Sep 2018 17:06:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-19th-september-2018/ Equifax were targeted by a cyber attack between 13 May and 30 July 2017 and it is said that 146m people were affected on a global scale.
The ICO investigation concluded that whilst the information systems in the US were compromised, in the UK Equifax Ltd are responsible for the personal information of i]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/credit-rating-agency-fined-500k-by-ico/Thu, 20 Sep 2018 10:28:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/credit-rating-agency-fined-500k-by-ico/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-18th-september-2018/Wed, 19 Sep 2018 17:42:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-18th-september-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-18th-september-2018/Wed, 19 Sep 2018 17:37:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-18th-september-2018/ P&J Services of Hemel Hempstead, launched their specialised Medical Collections service in 2015 with the mission of assisting medical professionals across the country recover unpaid medical fees. The company which has been operating General Debt Collection services for nearly 30 years, has now decided to solely focus on developing its Medica]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/debt-collection-agency-under-doctors-orders/Wed, 19 Sep 2018 16:01:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/debt-collection-agency-under-doctors-orders/ Dun & Bradstreet’s UK Q2 Industry Report analysed data from April to June and showed that the Retail and Construction sectors are at the most risk of liquidation with increasing insolvency figures. Retail especially is highlighted as having major problems with a massive 3]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/sharp-rise-in-company-liquidations/Wed, 19 Sep 2018 15:24:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/sharp-rise-in-company-liquidations/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-17th-september-2018/Tue, 18 Sep 2018 17:28:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-17th-september-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-17th-september-2018/Tue, 18 Sep 2018 17:21:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-17th-september-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-14th-september-2018/Tue, 18 Sep 2018 17:09:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-14th-september-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-14th-september-2018/Tue, 18 Sep 2018 16:44:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-14th-september-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petition-companies-notices-13th-september-2018/Thu, 13 Sep 2018 17:25:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petition-companies-notices-13th-september-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-13th-september-2018/Thu, 13 Sep 2018 17:12:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-13th-september-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-12th-september-2018/Thu, 13 Sep 2018 11:34:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-12th-september-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petition-companies-notices-12th-september-2018/Thu, 13 Sep 2018 11:28:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petition-companies-notices-12th-september-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petition-companies-notices-11th-september-2018/Thu, 13 Sep 2018 11:22:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petition-companies-notices-11th-september-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-11th-september-2018/Tue, 11 Sep 2018 17:34:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-11th-september-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-10th-september-2018/Tue, 11 Sep 2018 17:28:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-10th-september-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-10th-september-2018/Tue, 11 Sep 2018 17:22:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-10th-september-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-6th-september-2018/Fri, 07 Sep 2018 17:16:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-6th-september-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-6th-september-2018/Fri, 07 Sep 2018 17:13:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-6th-september-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-5th-september-2018/Fri, 07 Sep 2018 17:11:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-5th-september-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-5th-september-2018/Fri, 07 Sep 2018 17:07:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-5th-september-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-4th-september-2018/Fri, 07 Sep 2018 17:03:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-4th-september-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-4th-september-2018/Fri, 07 Sep 2018 17:00:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-4th-september-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-3rd-september-2018/Fri, 07 Sep 2018 16:55:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-3rd-september-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-3rd-september-2018/Fri, 07 Sep 2018 16:50:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-3rd-september-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-31st-august-2018/Fri, 07 Sep 2018 16:45:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-31st-august-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-31st-august-2018/Fri, 07 Sep 2018 16:37:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-31st-august-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/bury-council-chooses-zylphas-land-registry-integration-for-its-property-team/Wed, 05 Sep 2018 12:35:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/bury-council-chooses-zylphas-land-registry-integration-for-its-property-team/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-30th-august-2018/Fri, 31 Aug 2018 17:48:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-30th-august-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-30th-august-2018/Fri, 31 Aug 2018 17:43:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-30th-august-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-29th-august-2018/Fri, 31 Aug 2018 17:23:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-29th-august-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-29th-august-2018/Fri, 31 Aug 2018 17:08:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-29th-august-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-28th-august-2018/Fri, 31 Aug 2018 17:03:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-28th-august-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-28th-august-2018/Fri, 31 Aug 2018 16:56:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-28th-august-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-27th-august-2018/Fri, 31 Aug 2018 16:46:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-27th-august-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-24th-august-2018/Fri, 31 Aug 2018 16:40:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-24th-august-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-24th-august-2018/Fri, 31 Aug 2018 16:25:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-24th-august-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-23rd-august-2018/Thu, 30 Aug 2018 17:55:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-23rd-august-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-23rd-august-2018/Thu, 30 Aug 2018 17:23:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-23rd-august-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-22nd-august-2018/Thu, 30 Aug 2018 17:16:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-22nd-august-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-22nd-august-2018/Thu, 30 Aug 2018 17:07:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-22nd-august-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-21st-august-2018/Fri, 24 Aug 2018 13:58:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-21st-august-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-21st-august-2018/Fri, 24 Aug 2018 13:41:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-21st-august-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-20th-august-2018/Fri, 24 Aug 2018 13:36:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-20th-august-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-20th-august-2018/Fri, 24 Aug 2018 13:27:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-20th-august-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-17th-august-2018/Fri, 24 Aug 2018 11:40:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-17th-august-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-17th-august-2018/Fri, 24 Aug 2018 11:35:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-17th-august-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-16th-august-2018/Fri, 24 Aug 2018 11:29:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-16th-august-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-16th-august-2018/Fri, 24 Aug 2018 11:25:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-16th-august-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-15th-august-2018/Fri, 24 Aug 2018 11:21:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-15th-august-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-15th-august-2018/Fri, 24 Aug 2018 11:15:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-15th-august-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-14th-august-2018/Wed, 15 Aug 2018 18:00:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-14th-august-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-14th-august-2018/Wed, 15 Aug 2018 17:52:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-14th-august-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-13th-august-2018/Tue, 14 Aug 2018 10:42:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-13th-august-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-13th-august-2018/Tue, 14 Aug 2018 10:37:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-13th-august-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-10th-august-2018/Mon, 13 Aug 2018 11:30:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-10th-august-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-10th-august-2018/Mon, 13 Aug 2018 11:10:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-10th-august-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-9th-august-2018/Mon, 13 Aug 2018 11:04:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-9th-august-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-9th-august-2018/Mon, 13 Aug 2018 10:59:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-9th-august-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-8th-august-2018/Mon, 13 Aug 2018 10:38:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-8th-august-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-8th-august-2018/Mon, 13 Aug 2018 10:33:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-8th-august-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-7th-august-2018/Mon, 13 Aug 2018 10:24:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-7th-august-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-7th-august-2018/Mon, 13 Aug 2018 10:20:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-7th-august-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-6th-august-2018/Mon, 13 Aug 2018 10:09:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-6th-august-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-6th-august-2018/Fri, 10 Aug 2018 17:32:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-6th-august-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-3rd-august-2018/Fri, 10 Aug 2018 17:11:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-3rd-august-2018/ The figures released by the Registry Trust show that there were 1,573 decrees issued against businesses in Scotland during Q1 and Q2 2018, 31% up on the more than during the same period for the previous year.
A massive 64% rise in the number of decrees issued against Scottish Business firms contributed significantly to this increase.
In direct contrast t]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/scottish-business-sees-surge-in-judgment-debts/Thu, 09 Aug 2018 13:03:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/scottish-business-sees-surge-in-judgment-debts/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/morton-fraser-reinforces-a-culture-of-clarity-and-fee-earner-responsibility-with-bighand-quantum-financial-data-warehouse/Wed, 08 Aug 2018 12:14:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/morton-fraser-reinforces-a-culture-of-clarity-and-fee-earner-responsibility-with-bighand-quantum-financial-data-warehouse/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-2nd-august-2018/Tue, 07 Aug 2018 12:29:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-2nd-august-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-2nd-august-2018/Tue, 07 Aug 2018 12:25:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-2nd-august-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-1st-august-2018/Tue, 07 Aug 2018 12:20:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-1st-august-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-1st-august-2018/Tue, 07 Aug 2018 12:17:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-1st-august-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-31st-july-2018/Tue, 07 Aug 2018 12:13:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-31st-july-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-31st-july-2018/Tue, 07 Aug 2018 12:10:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-31st-july-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-30th-july-2018/Tue, 07 Aug 2018 12:07:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-30th-july-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-30th-july-2018/Tue, 07 Aug 2018 12:04:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-30th-july-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/inoapps-sprint-makes-the-grade-at-ofqual-with-oracle-cloud/Tue, 07 Aug 2018 11:30:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/inoapps-sprint-makes-the-grade-at-ofqual-with-oracle-cloud/ The details within the research claims that respondents within their survey were owed on average a massive £11,000, which extrapolated to £14.9 billion across the UK’s 5.7 million small firms.
Liberis’s survey also shows that]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/smes-still-owed-billions-in-late-payments/Wed, 01 Aug 2018 12:51:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/smes-still-owed-billions-in-late-payments/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/lansa-raises-bar-for-low-code-software-development-with-new-release-of-visual-lansa/Tue, 31 Jul 2018 12:06:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/lansa-raises-bar-for-low-code-software-development-with-new-release-of-visual-lansa/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-27th-july-2018/Mon, 30 Jul 2018 17:23:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-27th-july-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-27th-july-2018/Mon, 30 Jul 2018 17:01:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-27th-july-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-26th-july-2018/Mon, 30 Jul 2018 16:55:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-26th-july-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-26th-july-2018/Mon, 30 Jul 2018 16:42:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-26th-july-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-25th-july-2018/Mon, 30 Jul 2018 16:35:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-25th-july-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-25th-july-2018/Mon, 30 Jul 2018 16:30:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-25th-july-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-24th-july-2018/Mon, 30 Jul 2018 16:24:00 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+0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-18th-july-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-17th-july-2018/Mon, 23 Jul 2018 11:30:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-17th-july-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-17th-july-2018/Mon, 23 Jul 2018 11:06:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-17th-july-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-16th-july-2018/Thu, 19 Jul 2018 17:29:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-16th-july-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-16th-july-2018/Thu, 19 Jul 2018 17:20:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-16th-july-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/zylpha-selected-for-g-cloud-10/Wed, 18 Jul 2018 12:15:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/zylpha-selected-for-g-cloud-10/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-13th-july-2018/Tue, 17 Jul 2018 17:52:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-13th-july-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-13th-july-2018/Tue, 17 Jul 2018 17:26:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-13th-july-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-12th-july-2018/Tue, 17 Jul 2018 17:19:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-12th-july-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-12th-july-2018/Tue, 17 Jul 2018 17:14:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-12th-july-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-11th-july-2018/Tue, 17 Jul 2018 17:09:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-11th-july-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-11th-july-2018/Tue, 17 Jul 2018 17:03:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-11th-july-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/distributed-credit-chain-and-sad-business-school-establish-academic-partnership-to-cultivate-blockchain-research/Tue, 17 Jul 2018 12:08:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/distributed-credit-chain-and-sad-business-school-establish-academic-partnership-to-cultivate-blockchain-research/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/inoapps-launches-global-podcast-series/Tue, 17 Jul 2018 11:10:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/inoapps-launches-global-podcast-series/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/bott-opts-for-zylphas-top-flight-bundling/Thu, 12 Jul 2018 12:22:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/bott-opts-for-zylphas-top-flight-bundling/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-10th-july-2018/Tue, 10 Jul 2018 17:39:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-10th-july-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-10th-july-2018/Tue, 10 Jul 2018 17:33:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-10th-july-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-9th-july-2018/Tue, 10 Jul 2018 17:22:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-9th-july-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-9th-july-2018/Tue, 10 Jul 2018 17:17:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-9th-july-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/watch-the-world-cup-through-visualfiles/Tue, 10 Jul 2018 12:19:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/watch-the-world-cup-through-visualfiles/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-6th-july-2018/Fri, 06 Jul 2018 17:58:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-6th-july-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-6th-july-2018/Fri, 06 Jul 2018 17:19:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-6th-july-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-5th-july-2018/Fri, 06 Jul 2018 17:13:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-5th-july-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-5th-july-2018/Fri, 06 Jul 2018 16:46:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-5th-july-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/finastra-positioned-as-category-leader-in-chartis-credit-risk-solution-quadrants/Fri, 06 Jul 2018 15:56:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/finastra-positioned-as-category-leader-in-chartis-credit-risk-solution-quadrants/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-4th-july-2018/Wed, 04 Jul 2018 17:33:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-4th-july-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-4th-july-2018/Wed, 04 Jul 2018 17:29:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-4th-july-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-3rd-july-2018/Wed, 04 Jul 2018 17:21:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-3rd-july-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-3rd-july-2018/Wed, 04 Jul 2018 17:14:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-3rd-july-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-2nd-july-2018/Wed, 04 Jul 2018 17:08:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-2nd-july-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-2nd-july-2018/Wed, 04 Jul 2018 17:03:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-2nd-july-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-29th-june-2018/Mon, 02 Jul 2018 17:37:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-29th-june-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-29th-june-2018/Mon, 02 Jul 2018 17:29:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-29th-june-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-28th-june-2018/Thu, 28 Jun 2018 17:37:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-28th-june-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-27th-june-2018/Wed, 27 Jun 2018 17:55:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-27th-june-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-27th-june-2018/Wed, 27 Jun 2018 17:38:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-27th-june-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-26th-june-2018/Wed, 27 Jun 2018 10:45:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-26th-june-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-25th-june-2018/Wed, 27 Jun 2018 10:38:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-25th-june-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-26th-june-2018/Wed, 27 Jun 2018 10:31:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-26th-june-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-25th-june-2018/Wed, 27 Jun 2018 10:25:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-25th-june-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-22nd-june-2018/Fri, 22 Jun 2018 16:21:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-22nd-june-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-22nd-june-2018/Fri, 22 Jun 2018 15:57:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-22nd-june-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-21st-june-2018/Fri, 22 Jun 2018 15:37:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-21st-june-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-21st-june-2018/Fri, 22 Jun 2018 15:26:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-21st-june-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrator-notices-20th-june-2018/Fri, 22 Jun 2018 15:21:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrator-notices-20th-june-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-20th-june-2018/Fri, 22 Jun 2018 15:15:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-20th-june-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-19th-june-2018/Tue, 19 Jun 2018 16:55:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-19th-june-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-19th-june-2018/Tue, 19 Jun 2018 16:42:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-19th-june-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-18-june-2018/Tue, 19 Jun 2018 10:41:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-18-june-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-18-june-2018/Tue, 19 Jun 2018 10:36:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-18-june-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-15th-june-2018/Fri, 15 Jun 2018 17:29:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-15th-june-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-15th-june-2018/Fri, 15 Jun 2018 17:11:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-15th-june-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-14th-june-2018/Fri, 15 Jun 2018 15:15:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-14th-june-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-14th-june-2018/Fri, 15 Jun 2018 15:04:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-14th-june-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-13th-june-2018/Fri, 15 Jun 2018 14:59:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-13th-june-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-13th-june-2018/Fri, 15 Jun 2018 14:54:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-13th-june-2018/ In its ‘Subcontracting Growth’ which surveyed 250 Small Businesses and Sub Contractors, it found that on average construction firms were writing off an average of £16,149
Finance Director for Bibby Kash Ahmed said “Bad Debt is a serious issue for many construction businesses and across the entire sector, more than £2.bn i]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/pound28bn-of-bad-debt-written-off-by-small-business-amp-sub-contractors/Fri, 15 Jun 2018 11:22:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/pound28bn-of-bad-debt-written-off-by-small-business-amp-sub-contractors/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-12th-june-2018/Wed, 13 Jun 2018 17:27:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-12th-june-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-11th-june-2018/Wed, 13 Jun 2018 17:21:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-11th-june-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-12th-june-2018/Wed, 13 Jun 2018 17:17:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-12th-june-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-11th-june-2018/Wed, 13 Jun 2018 17:14:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-11th-june-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-8th-june-2018/Wed, 13 Jun 2018 17:10:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-8th-june-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-7th-june-2018/Wed, 13 Jun 2018 17:06:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-7th-june-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-6th-june-2018/Tue, 12 Jun 2018 17:56:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-6th-june-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-8th-june-2018/Tue, 12 Jun 2018 17:40:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-8th-june-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-7th-june-2018/Tue, 12 Jun 2018 17:25:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-7th-june-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-6th-june-2018/Tue, 12 Jun 2018 17:17:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-6th-june-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-5th-june-2018/Tue, 12 Jun 2018 17:06:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-5th-june-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/scottish-legal-aid-board-is-first-scottish-public-body-to-move-to-oracle-cloud/Tue, 12 Jun 2018 13:25:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/scottish-legal-aid-board-is-first-scottish-public-body-to-move-to-oracle-cloud/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-5th-june-2018/Thu, 07 Jun 2018 17:31:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-5th-june-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-4th-june-2018/Tue, 05 Jun 2018 17:52:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-4th-june-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-4th-june-2018/Tue, 05 Jun 2018 17:37:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-4th-june-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-1st-june-2018/Tue, 05 Jun 2018 17:24:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-1st-june-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-1st-june-2018/Tue, 05 Jun 2018 17:08:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-1st-june-2018/ Mark Thorogood of Llandudno, North Wales was found guilty by a jury of ‘defrauding’ Emma Edgley and jailed for four years at Caernarfon Crown Court.
Ms Edgeley had agreed to lend him £15,000 on the basis that payments of £250 a month were to be made in 2009 which had been kept to.
A year after this, there was then a verbal agreement to]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/dodgy-landlord-jailed-after-failing-to-pay-28k-private-debt/Tue, 05 Jun 2018 10:27:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/dodgy-landlord-jailed-after-failing-to-pay-28k-private-debt/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-31st-may-2018/Mon, 04 Jun 2018 17:43:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-31st-may-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-30th-may-2018/Mon, 04 Jun 2018 17:34:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-30th-may-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-31st-may-2018/Mon, 04 Jun 2018 17:20:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-31st-may-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-30th-may-2018/Mon, 04 Jun 2018 17:15:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-30th-may-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-29th-may-2018/Tue, 29 May 2018 17:36:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-29th-may-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-29th-may-2018/Tue, 29 May 2018 17:28:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-29th-may-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/daily-listing-of-advertised-winding-up-petitions/Tue, 29 May 2018 17:20:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/daily-listing-of-advertised-winding-up-petitions/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-25th-may-2018/Tue, 29 May 2018 17:10:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-25th-may-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-24th-may-2018/Tue, 29 May 2018 16:58:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-24th-may-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-24th-may-2018/Tue, 29 May 2018 16:39:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-24th-may-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-23rd-may-2018/Thu, 24 May 2018 17:33:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-23rd-may-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-23rd-may-2018/Thu, 24 May 2018 17:29:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-23rd-may-2018/ Due to a high-cost base and the shift in sales from the high street to the internet RPC say is a main reason that the retail sector continues to suffer. Additionally, struggling retailers have been hit by the withdrawal of credit insurance, which is often an indicator of financial distress, and can be a stage before a co]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/retail-sector-insolvencies-on-the-rise/Thu, 24 May 2018 12:47:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/retail-sector-insolvencies-on-the-rise/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-22nd-may-2018/Wed, 23 May 2018 12:29:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-22nd-may-2018/ The figures published today illustrate 305,877 judgments registered during the first three months of 2018, 2% up on the first quarter of last year and more than double the 150,622 registered during the same period in 2005 when current records for these types of ju]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/record-number-of-ccjs-issued-in-2018/Wed, 23 May 2018 12:25:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/record-number-of-ccjs-issued-in-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-22nd-may-2018/Wed, 23 May 2018 12:21:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-22nd-may-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-21st-may-2018/Wed, 23 May 2018 12:17:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-21st-may-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-21st-may-2018/Wed, 23 May 2018 12:13:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-21st-may-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-18th-may-2018/Wed, 23 May 2018 12:06:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-18th-may-2018/ The FCA stated, “Max Montgomerie Debt Recovery & Investigations is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which require authorisation”
“Almost all firms and individuals offering, promoting or selling financial services or products in the UK have to be authorised by us,]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/fca-issues-warning-against-debt-collection-firm/Wed, 23 May 2018 11:54:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/fca-issues-warning-against-debt-collection-firm/ Mr Al-Safee, a registered director of Exotic Global Ltd bought and sold luxury vehicles which traded from Park West Garage in London.
Unexplained trading activities included the purchase and sale of 14 luxury vehicles in excess of £1.2 million, VAT assessments totalling £498,106.80, the expendit]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/luxury-car-firm-director-disqualified-for-13-years/Wed, 23 May 2018 11:45:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/luxury-car-firm-director-disqualified-for-13-years/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-18th-may-2018/Tue, 22 May 2018 17:26:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-18th-may-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-17th-may-2018/Tue, 22 May 2018 15:27:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-17th-may-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-17th-may-2018/Tue, 22 May 2018 15:16:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-17th-may-2018/ Walker Love had been appointed in 2014 and at the time the Corporate Services Committee felt it would cost too much to tender a B team, however, a report for the meeting stated that they’ve now changed their minds.
It reads: “A second placement debt manager was not award]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/council-states-that-debt-collectors-are-essential/Mon, 21 May 2018 13:58:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/council-states-that-debt-collectors-are-essential/ Walker Love had been appointed in 2014 and at the time the Corporate Services Committee felt it would cost too much to tender a B team, however, a report for the meeting stated that they’ve now changed their minds.
It reads: “A second placement debt manager was not award]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/council-state-that-debt-collectors-are-essential/Mon, 21 May 2018 13:58:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/council-state-that-debt-collectors-are-essential/ On Wednesday, May 2, during their meal, the stunned diners captured the bailiffs stacking chairs at the restaurant and clear the place out.
One of the diners told Lincolnshire Reporter: “The waiter said it was because of a parking ticket. The bailiff was from the same company that goes on Can’t Pay? We’ll Take it A]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/bailiffs-clear-out-restaurant-whilst-diners-eat/Mon, 21 May 2018 12:23:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/bailiffs-clear-out-restaurant-whilst-diners-eat/ According to the accountancy firm UHY, Hacker Young stated that for several years the figure has increased annually. In 2017 the cost rose to £39.1m, which was 62% higher than the £24.1m that HMRC spent on these services in 2016. In 2014 it stood at £6.2m, then rose to £12.5m in 2015.
Th]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/hmrc-triples-spend-on-debt-collectors/Mon, 21 May 2018 11:30:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/hmrc-triples-spend-on-debt-collectors/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-16th-may-2018/Wed, 16 May 2018 17:39:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-16th-may-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-16th-may-2018/Wed, 16 May 2018 17:33:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-16th-may-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-15th-may-2018/Tue, 15 May 2018 17:43:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-15th-may-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-15th-may-2018/Tue, 15 May 2018 17:36:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-15th-may-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-14th-may-2018/Tue, 15 May 2018 17:29:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-14th-may-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-14th-may-2018/Tue, 15 May 2018 17:23:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-14th-may-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-11th-may-2018/Fri, 11 May 2018 17:40:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-11th-may-2018/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-11th-may-2018/Fri, 11 May 2018 17:35:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/appointment-of-administrators-notices-11th-may-2018/ However, in Spain the government in collaboration with various authorities have made it possible for the country to have a ba]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/spanish-debt-collection-explained/Fri, 11 May 2018 11:45:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/spanish-debt-collection-explained/ However, if you know what to look out for and how to respond effectively when your debtor doesn’t pay, it can be less of a burden.
UAE Unique challenges
In the UAE, many debts can be in the form of a verbal contract, meaning it may not be enclosed in a written document. Although debt colle]]>https://www.newslocker.com/en-uk/profession/debt-collect-agencies/tackling-unpaid-debts-in-the-uae/Thu, 10 May 2018 14:25:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/tackling-unpaid-debts-in-the-uae/https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-9th-may-2018/Wed, 09 May 2018 17:48:00 +0200https://www.newslocker.com/en-uk/profession/debt-collect-agencies/winding-up-petitions-companies-notices-9th-may-2018/