Credit, Collections & Insolvency News
For the past twenty or so years, businesses have shifted their funding strategy from equity to debt, not just for growing their business but as a way for shareholders to extract profits and reduce the amount of cash tied up. Some might regard this as efficient, but it may not be prudent and give a…
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Energy regulator Ofgem has announced its price cap measures which it says will benefit over 11 million more households on poor value default tariffs and protect them from being overcharged. The announcement follows Parliament passing the Government’s Domestic Gas and Electricity (Tariff Cap) Act, which became law on July 19 and gives Ofgem a duty…
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The Federation of Small Businesses (FSB) has announced a number of recommendations to help improve high street businesses. This includes a freeze on business rates, increased free town centre parking and safeguards around access to cash and banking, must be put in place to help struggling businesses on the high street. The burden of rising…
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A report by the National Audit Office (NAO) has revealed that problem debt costing the economy £847 million a year. The report has found that £248m of that sum came from increased use of housing and health services Problem debt – defined as the inability to pay debts or household bills – affects an estimated…
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Enforcement specialist JBW Group has acquired shares in Court Enforcement Services (CESL) further growing the UK operations of multi-national of JBW’s parent company Outsourcing Inc. Court Enforcement Services will continue to be managed separately to JBW and will retain its brand and management team, led by Managing Director, Daren Simcox. Simcox said “Court Enforcement Services…
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All successful business owners know that effective credit control is vital to their company’s success. Despite this, many companies are still making the same mistakes. Here are 5 common credit control mistakes that we see regularly, plus tips on how to avoid them to ensure your business can avoid the challenges that continue to be…
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New research from Royal London reveals the average cost of a funeral is £3,757, with costs having stabilised this year (£3,784 in 2017). The Royal London National Funeral Cost Index, in its fifth year, shows that London has consistently been the most expensive region in the UK for a funeral, with the average funeral costing…
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