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Debt Collection News

Latest Debt Collection News

Live news feed sourced from our partner, ukdcnews.co.uk

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  • Debt recovery efforts at Dorset Council are returning to normal following two years of a ‘light touch’ approach due to the pandemic. 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 […]
  • Business Insolvency continues to rise but in stark contrast, personal bankruptcy numbers dropped. The latest figures provided by the insolvency service made for interesting reading. 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 […]
  • Small Business Debt Recovery is becoming more important to cash flow as a UK recession looms. Flash estimates of the UK economy’s performance in June showed Small Business optimism is at its lowest point since the out break of the pandemic. Post pandemic ‘orders’ are drying up and show a drop in order volumes across […]
  • International Business late payment is expected to rise across Europe according to latest research. A survey conducted by Intrum AB of 11,000 European companies predicts that Businesses are expecting late payments to rise. The rise is expected due to rising inflation, fuel costs and interest rates. The 24th edition of the European Payment Report (EPR) […]
  • A startling rise in construction firms defaulting on covid loans could signal a wave of future business failures. It also signals a potential wave of Debt Collection action from creditors to recover what is owed. The warning comes from accountant Price Bailey after analysing data from lender the British Business Bank following a Freedom of […]
  • Insolvency professionals are reporting an increase in the number of companies seeking help with issues relating to unpaid commercial rent arrears. The spike has occurred since 26th of March, when restrictions to prevent landlords issuing possession and rent distraint orders for commercial rent arrears were lifted. However, the new rules only permit landlords to issue […]
  • A digital debt recovery firm has been flooded with claims for unpaid fuel following a sharp rise in numbers. Rising petrol prices have led to a sharp increase in people not paying for fuel at petrol stations for a variety of reasons. Petrol prices hit record highs last week with the price of filling the […]
  • Leading online UK fast-fashion retailer Missguided has been served with a winding up petition due to unpaid debts. The company is said to be the brink of collapse with millions of unpaid business debts owed to suppliers. It is claimed that Office workers at the online brand have stopped answering the phones as angry suppliers […]
  • As the UK’s economic situation continues to deteriorate, businesses in Yorkshire face a front-line battle against invoice late payment. Many Yorkshire based Businesses are starting to show signs of increasing financial problems. This is due to larger amounts of debt being owed and increasing numbers of businesses failing to pay invoices. Yorkshire is the biggest […]

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