Credit, Collections & Insolvency News
Charities are increasingly concerned about the rising threat of fraud on their organisations as the cost-of-living crisis takes hold, according to a new survey by accountancy and business advisory firm BDO and the Fraud Advisory Panel. The survey of 120 leaders from UK charities, published today as part of Charity Fraud Awareness Week, found that…
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Five water retailers have refunded thousands of customers who were overcharged. In total, the five retailers have refunded £380,000 to 3,500 customers after a CCW investigation uncovered billing errors. The consumer watchdog took the action after discovering the firms had been significantly overcharged on their bills when water retailers misinterpreted a change to Ofwat’s retail…
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One in five (18%) adults, the equivalent to 9.7 million people, have missed a payment in the last 12 months according to research from Bluestone Mortgages. The missed payment includes utility bills or credit cards (both 7%), tax bills or loan repayment (both 5%). Additionally, 7% of those with a mortgage have missed a payment. Seven…
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UK business leaders understand the value of implementing new technology, but they don’t know how to measure it, according to new research from Deloitte. In a new report, Measuring Value from Digital Transformation, 1,600 global business and technology leaders across six different industries were surveyed about their technology investment strategies. It found that three-quarters of UK…
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Latest Office for National Statistics (ONS) figures show that business closures have outpaced openings for the first time since 2010. 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 closures overtook…
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