Free Commercial Debt Collection – How we do it!

Free Commercial Debt Collection How we do it!

The Government has recognised that commercial debt is a serious drain on the UK economy and therefore introduced the Late Payment of Commercial Debts (Interest) Act 1998 to help overcome the problem. This legislation was further amended on 16 March 2013 with the introduction of The Late Payment of Commercial Debt Regulations 2013 and this […]

Late payments have escalated since the onset of the pandemic

Late payments have escalated since the onset of the pandemic

Credit Connect reports that “Late payments have escalated since the onset of the pandemic” “Late payments have escalated since the onset of the coronavirus pandemic, according to the latest UK Payment Practices Barometer by trade credit insurer Atradius. The new report reveals that nearly half the value of Business to Business (B2B) bills are being […]

UK firms unsustainable debt estimated to be £70bn

UK firms unsustainable debt estimated to be £70bn

Credit Connect reports that “UK firms unsustainable debt estimated to be £70bn“ “UK firms have racked up around £70 billion worth of unsustainable debt, according to a new report from The City UK, with more than £20 billion of that coming from government-backed coronavirus loan schemes. The report shows an improved outlook for the economy, […]