Credit Control

Late payment forces SMEs to become 'interest-free lenders'

Many small to medium-sized enterprises (SMEs) across the UK are effectively being forced to loan money to large firms interest-free, according to the Federation of Small Businesses.

In one of a pair of landmark reports issued since the beginning of the year, the FSB warns that late payments and unreasonable renegotiation of payment terms is taking money out of the hands of SMEs, and allowing it to languish for longer in the accounts of the nation's largest corporations.

Croydon Conman Phillip Buffett walks free from court

Recently we featured an article on an individual called Phillip Buffett and his "Uber Intelligence" group of companies. This individual came to our attention when we were tasked by two freelancers to pursue unpaid invoices totalling over £10k.

It soon became apparent to us that the individual in question was a known fraudster, with a history of criminality and a penchant for defrauding individuals, businesses and even professional athletes. He was also already serving a seven year ban as a director for his previous frauds.

BIS plan public database of company directorships

A publicly accessible database of company directorships could soon become a reality, following the conclusion of a consultation by the Department for Business, Innovation and Skills.

The proposals outline plans for a central registry of company beneficial ownership information - including details of trustees, where relevant, and of individuals with ownership of more than 25% of the shares in a company, or the equivalent proportion of its voting rights.

May the 4th Be With You: A New Hope for Debt Recovery

A LONG TIME AGO, IN A GALAXY FAR, FAR AWAY

THE REBEL ALLIANCE SECURED A FAMOUS VICTORY

BLASTING THE DEATH STAR OUT OF THE SKY

WITH MOMENTS TO SPARE

BUT THEIR ACTIONS CAME AT A PRICE...

EMPIRE CONTRACTS CONTAIN A NON-PAYMENT CLAUSE

ALLOWING PAYMENT TO BE WITHHELD

IN THE EVENT OF REBEL ACTION

IT IS NO SURPRISE THAT

DARTH VADER'S FORMER HOME

CAME TO BE KNOWN AS THE DEBT STAR