Credit, Collections & Insolvency News
Commercial debt collection agency, Hilton-Baird Collection Services has appointed Receivables management expert Victoria Herd as a Director. A Fellow and Advisory Board member of the Chartered Institute of Credit Management (CICM), Herd will be using her extensive expertise to help the company’s corporate clients to improve their order-to-collections process, policies and systems in order to boost…
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The UK’s smaller businesses are facing a total bill of £2.16 billion to chase overdue payments, according to Bacs Payment Schemes Limited (Bacs). That’s in spite of a dramatic drop in the overall late payment debt, with new figures showing that UK small to medium size enterprises (SMEs) are owed £14.2 billion in contrast with…
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The Federation of Small Businesses (FSB) has called on Communities Secretary Sajid Javid to provide a letter of direction to local councils in England to speed up help for small firms facing unacceptable increases in their Business Rates. £300 million in discretionary relief was promised in the Budget in March, yet many local authorities have so…
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Winding up Petitions have been issued and advertised in the London Gazette for the following companies: 07715030 LTD 8POINT3 LTD A & D ELECTRICAL LTD A.N.A. MOT EXPRESS LTD ACORN DEVELOPMENTS (KENDAL) LTD ADJUST PERSONNEL LTD ALEXANDER DU’BEL WISH FOUNDATION ALL PEOPLE RECRUITMENT LTD ALTEC ENGINEERING LTD ALUFAB LTD AMBER SOLAR LTD ANGLESEA HOME IMPROVEMENTS LTD…
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The Federation of Small Businesses (FSB) has welcomed the Government’s announcement that 32 of it’s biggest suppliers have signed up to the Prompt Payment Code. The move represents a positive step in tackling the poor payment culture that is rife in the UK. Research from FSB highlights that the UK’s poor payments culture costs the…
Read moreDundee City Council has announced that iut has lost out on more than £3 million owed to it by business owners last year. The local authority was forced to write off £3.012m it was due from traders in the city in 2016/17, a fivefold increase from the level in 2012. A number of trading chiefs…
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Financial software provider Rimilia, has announced a partnership with French Company Fi Software to provide cutting edge AR automation solutions and serve the rapidly growing French market. Fi Software, based in Paris, will serve the entire French market and is spearheaded by Co-founders Stéphane Hilliere and Raphaël Viette. Stéphane and Raphaël Stéphane Hilliere, Co-founder of…
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Credit Insurer Atradius has announced an upgrade to its digital platform with the unveiling of ‘Atradius Atrium’, its new credit management portal. Atrium is an advanced way for business to complete credit insurance transactions creating a new level of service. The Oracle based portal is designed to evolve with digital advancements and user requirements. Andreas…
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The government must not neglect its business rescue reform plans as it prepares for Brexit, says insolvency and restructuring trade body, R3. Plans to introduce the government’s year-old reform proposals – or any other corporate governance reforms – appeared to be absent from the Queen’s Speech. As this will be the only Queen’s Speech for…
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Winding up Petitions have been issued and advertised in the London Gazette for the following companies: 3NT CONSULTING LTD 784 LTD A & S PUBS LTD A.C.H.G. PROPERTIES A.P. LOOK BUILDING AND MAINTENANCE LTD AAA DRIVEWISE CONTRACTS LTD ABELARDUS LTD ABERSWIFT DE LEADING SPECIALISTS LTD ABH CONTRACTS (UK) LTD ACE GARAGE LTD ACQUIRO LTD ACQUISITION 395448999…
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Nearly 4,000 businesses ceased trading as increased financial uncertainty gripped the UK in the first quarter of 2017 (Q1). Marginally over two-thirds of the 3,967 insolvencies – 68% – were voluntary, with the overall number rising by 4.5% in real terms compared to the fourth quarter of 2016. The research, carried out on behalf of…
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Intrum Justitia has released a European Payment Report which has highlighted the increasing pressure on SMEs to accept longer payment times. The report findings include: Contrary to political ambitions, a new European Payment Report from Intrum Justitia shows that small and medium-sized enterprises (SMEs) across Europe need to accept longer payment times from other, often…
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Creditsafe has created a Prompt Payment Premier League table. The table reveals that English Premier League Clubs have overdue invoices totalling £1.3million and 20% are late by 20 days or more beyond the agreed payment terms. Manchester United who place 19th in the Prompt Payment Premier League have 63 outstanding invoices totalling £857,183, making up…
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