Warning Issued About Insolvency Debt Recovery Scam

It’s a sad but well-documented fact that the most unscrupulous individuals will happily try to exploit any crisis for their own gain.

So it was in spring 2020, almost as soon as the first COVID-19 lockdown kicked into gear, that there was a wave of reports of pandemic-related email and phone scams, trying on everything from fraudulent PPE sales to ‘phishing’ for personal information through bogus medical registrations. 

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Still Time to Have Your Voice Heard On Late Payment Enforcement

At Safe Collections, we’ve been banging the drum on the UK’s late payment culture for years, making the case over and over again that without the stick of meaningful enforcement, there is little incentive for large companies to stop holding smaller suppliers over a barrel when it comes to payments.

Finally, it seems like the message may have gotten through to the government, although on account of the time it has taken, we can only conclude they are listening reluctantly.

What’s in a Company Name? More Than You Might Have Bargained For…

When it comes to flexing its censorious muscles over what you can and cannot register as a company name in the UK, it appears that Companies House may have fallen behind the times.

The executive agency in charge of incorporating and dissolving registered commercial entities has long been known as a bastion of decorum and decency. Every year, the government body rejects a few dozen applications to set up companies on the grounds that the requested names are potentially offensive.

Fears of a ‘Tsunami of Insolvencies’ as Second Lockdown Bites

You couldn’t accuse the UK government of wishing a second national lockdown. In fact, according to critics, the Johnson-led administration is guilty of trying to fend off the inevitable for too long, failing to take the decisive action that just might have nipped the ‘second wave’ in the bud back in September when it was clear cases were rising again.

The government’s reasoning is no secret. It wanted to do everything it possibly could to keep the already battered economy open, fearing the long-term consequences of another significant shut down in trade and commerce.

And yet here we are. After it became clear last week that the regional approach to COVID-19 restrictions wasn’t going to be enough, that transmission had galloped past the worst-case working assumptions, and that the NHS was already close to being overwhelmed in some areas, No 10 felt it had no other choice. Another U-turn, another lockdown, another month (we hope) of all but essential customer-facing businesses being shut.

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