Category Archives: Industry News

Debt Recovery Blog – The global economic recovery is over

Just in case there was anyone left on the planet who thought that the global economic recovery was slow, but nevertheless still happening, the largest ever survey of finance professionals to be undertaken by ACCA (the Association of Chartered Certified Accountants) has poured water on the last remaining ambers and sparks of optimism. According to the [...]
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Debt Recovery Blog – when debtor tracing goes wrong

An elderly knight of the realm had bailiffs knocking on his door over an unpaid £5,000 gas bill – despite never having gas in his home. Sir John Tavare, 91, and his 87-year-old wife Lady Daphne were stunned to say the least when a debt collector (knocking on their door) claimed they owed an unpaid £5,000 [...]
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Debt Recovery Blog – increase in company failures still to materialise

The rate of company failures slowed during Q3 despite an increase in corporate insolvencies during the first half of this year, according to data published today. The data, compiled by commercial credit referencing agency Graydon UK, showed that the number of corporate insolvencies will be 4.5% lower than the number recorded during the same period of [...]
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Debt recovery blog – Trade credit insurers still cautious of SMEs

While the market for trade credit insurance continues to remain competitive for large corporate businesses the prospects for many SME’s are not so rosy. Trade credit insurance is often used to reduce the impact of bad debt and other commercial debts crippling or adversely affecting a supplying business. Large corporate firms have a wider risk spread [...]
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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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