Monthly Archives: September 2011

Latest Insolvency Index – Debt Recovery, Bad Debt & SME’s

The latest Insolvency Index from global information services company Experian, has indicated that the rate of business insolvencies dropped to 0.08% per cent in August, which is lowest rate since February 2011. There was a negligible increase when compared to the rate in August last year which was 0.07% of the business population becoming insolvent for [...]
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UK Debt Statistics Outlook for October 2011

Total UK personal debt at the end of August 2011 stood at £1,451bn with the twelve-month growth rate remaining unchanged at 0.9% meaning that in the UK, individuals currently owe nearly as much as the entire country produced (GDP) in the nine months between Q2 2010 and Q1 2011. UK banks and building societies wrote off [...]
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European debt recovery practice threatens UK business rescue

A new European Commission measure to freeze the assets of British businesses has dealt a significant blow to the UK’s business rescue culture according to the insolvency trade body R3. The new measures known as the European Account Preservation Order (EAPO) is set to give courts anywhere inside the EU the power to freeze funds in [...]
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Retail Rents Due – expected rise in debt recovery and insolvency

Although the general level of business administrations has fallen over the last few months, the retail sector is bucking the trend and the previous ‘Quarter Day’ for rents in June saw the largest wave of retail administrations since the height of the recession, and this month’s retail rents deadline looks set to spark another wave [...]
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Debt Recovery Blog – Late payment legislation to be brought forward

Late payment legislation designed to help prevent late payment of invoices and unfair payment terms will be introduced a year early, a Government minister has revealed. During a House of Commons debate at Whitehall last week, the business minister Ed Davey revealed that a consultation into the EU directive will take place this winter, which it [...]
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Bad Debt Risk – 7 in 10 SME’s not checking customers’ credit status

A worrying lack of credit awareness and bad debt protection amongst the UK’s small and medium sized business community has been revealed by new research from Experian, the global information services company. Experian recently did a survey of nearly 700 UK small businesses and it found that over 70% did not check their customers’ credit status, [...]
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Debt Recovery costs remain static

Whilst the UK is embroiled in a bitter argument in respect of cost of living increases and various business, both corporate and small jumping on the bandwagon, all raising their own prices in a seemingly endless cycle, one small comfort to UK enterprise is that, by and large, debt recovery costs and other complementary industry [...]
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Late Payments, Debt Recovery and words not action from Cabinet

Many would be forgiven for thinking that the latest Naming and Shaming plans of the Government in order to tackle corporate late payers, has all the dragon slaying properties of a chocolate fireguard. You may detect a hint of cynicism and whilst the government (past and present) has made efforts to reduce its own failings in [...]
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