As we enter the new 2023/24 tax year with a host of changes to the way we do things, are you prepared? You see, it’s not only changes to tax that we need to be aware of. The end of the current financial year gives us the opportunity to tie up loose ends with our …
Is Your Business Ready For The New 2023/24 Tax Year? Read More »
The head of the International Monetary Fund has warned of the threat to the global economy after a swathe of banks recently collapsed. The world economy has faced extreme pressure over the past three years with the effects of the Covid-19 pandemic still lingering, the war in Ukraine still sending a ripple effect across global …
2023 Banking Crisis Threatens Global Financial Stability Read More »
A debt recovery agency is a lifeline to many businesses. With late payments for small businesses hitting a two-year high and against the backdrop of soaring company insolvencies there’s never been a more critical time for businesses to successfully recover their unpaid invoices. As a business there are a few things to weigh up …
How A Debt Recovery Agency Can Get Your Invoices Paid Faster Read More »
The total number of company insolvencies registered in England, Scotland & Wales in 2022 was 23,180 — the highest since 2009 and 56 per cent higher than 2021. According to research, over 100 firms in the construction sector could collapse each week. The construction industry is being decimated by bad debt, currently sitting at approximately …
UK Construction Industry At Risk of Failing At Fastest Rate Since Financial Crisis Read More »
The huge swathe of corporate insolvencies we seen throughout 2022 are continuing to wreak havoc for businesses across the UK. The Office for National Statistics (ONS) have just released the monthly insolvency statistics for December 2022 and they make for some stark reading, with the number of corporate insolvencies recorded for the month across England, …
The Armageddon of corporate insolvencies we’ve witnessed all year shows no sign of slowing down, after some frightening statistics were shared from the month of November. 2,029 company insolvencies were registered in England and Wales last month, an increase of 21% year on year and 35% higher than pre-pandemic levels! The scene in Scotland paints …
The number of overdue invoices in Scotland hit a 2022 high between August and October this year with more than 100,000 companies failing to pay on time. An analysis of Creditsafe data has revealed 593,114 invoices in Scotland went unpaid past their deadline, 13,941 (2.4%) more than September’s figure of 579,173. It is not just …
Number of Overdue Invoices Hit A Record High in Scotland Read More »
Company insolvency figures for October have been released and they are quite frankly, frightening. The number of company insolvencies in England and Wales last month were 38% higher than October 2021 and 32% higher than pre-pandemic levels, with 1,948 companies filing for insolvency. The 242 compulsory liquidations reported in October this year were a staggering …
The latest company insolvency statistics have revealed registered company insolvencies are 16% higher year on year and 11% higher than pre-pandemic levels, in England and Wales with 1,679 company insolvencies recorded in September. The picture in Scotland is even bleaker with company insolvencies spiking 47% compared to September 2021 and 36% higher than pre-pandemic levels …
Company insolvency figures for August 2022 have just been released and they paint a bleak picture. Company insolvencies in England and Wales were 43% higher year on year and 42% higher than pre-pandemic levels. Creditors’ Voluntary Liquidations (CVLs) have had a huge impact on the number of company insolvencies having risen 33% compared to August …
