As any business knows ‘cash is king’ in a business especially in the last year as business do all they can to survive these difficult times. So, how we can assist you and why should you choose us. What we can offer you: Advice on the best and effective method to enforce your judgment debt [&hell…

The Debt Respite Scheme (Breathing Space Moratorium and Mental Health Crisis Moratorium) Regulations 2020 comes into force on 4 May 2021. Let’s look into what it means for you as a creditor recovering monies from a Debtor? Who can apply for the Debt Respite Scheme? Any individual can apply for hel…

The last year has been a testing time for all businesses no matter their size. At the Debt Collection Centre we are here to help you through the tough times. Try considering the following more closely: Check your standard terms and conditions – Is there a term in respect of claiming interest for l…

Do you have a historic debt that remains unpaid? Do you have a judgment that you have not enforced against the Debtor as you are unsure of what to do next? Are you not sure how to find the debtor/ ex-tenant that owes you money? If the answer to any of the above questions are […]…

Amid the news of a further lockdown (whether you agree with it or not) the Government has announced further financial help for businesses and individuals (which are more helpful). We have produced a useful summary so that you have all links in one place. New Financial Assistance Furlough Scheme exte…

We are delighted to announce that our Debt Recovery team, headed by Robert Edge and Jim Varley, has been ranked Tier 1 in the Legal 500 rankings. Tier 1 recognises the strength of the team and the consistency of quality of the individuals within the team. Robert has also been ranked a…

The government has on 24 September 2020 announced that statutory demands and winding-up petitions will continue to be restricted until 31 December 2020 to protect companies from aggressive creditor enforcement action as a result of coronavirus related debts – note if the debt is older than a year,…

High Court Enforcement Officers will commence visits to residential properties, working through a huge backlog of enforcement orders dating back to March 2020. The restrictions on visits had been for residential addresses for individual debtors. This was following amendments in the Taking Cont…

A brilliant Result from The Debt Collection Centre powered by Devonshires Solicitors’ Debt Recovery Department recovering $600k from a major fashion retailer within three weeks. The team comprised of Robert Edge and Ann Dixon were instructed by a Turkish based international clothing manufacturer a…

In recent weeks restrictions are being gradually lifted around the UK and the economy is slowly getting back to a new ‘normal’. Official figures from the Government’s Office of National Statistics has reported last week that the UK Economy shrank 2.2% in January to March 2020 which is the bigg…

Alternative Dispute Resolution (ADR) methods – what are they and how do they work? There are a number of options which range from an informal to formal procedures; please see the following options: –   Mediation – a third party (the mediator) meets with both sides to reach settlem…

Ensure written confirmation of the debtor’s proposals for payment; this ensures you have acknowledgment of the debt if the debtor at a later stage tries to dispute it; Try to resolve disputes with debtors now to avoid a lengthy court process or hefty court fees at a later stage; See if the debtor …

Company Insolvencies 2,708 creditors’ voluntary liquidations (CVLs) 701 compulsory liquidations 404 administrations 69 company voluntary arrangements (CVAs) 1 receivership Except for company insolvencies there have been decreases in the rest of the company insolvencies; The figures seem to be for …

As you will be all aware the government has announced that the UK is going to be in lockdown for a further three weeks. Here is our round up of the latest news this week. Finance and Loan repayments The Financial Conduct Authority (FCA) is announcing that it plans to make a deal with Car […]…

Further to our news article last week, the government has announced last night that some changes are being made to the Coronavirus Business Interruption Loan Scheme (CBILS): Applications will not be limited to businesses that have been refused a loan on commercial terms, extending the number who ben…

Cash is King and every business needs a detailed monthly cash flow. To assist businesses the Government have initiated the following schemes: VAT deferral for April/June 2020. This is automatic. There is no application. Businesses submit VAT returns in the usual way but do not pay the VAT.  The…

A lot of businesses will be feeling worried about the money they are owed. During this difficult period, prompt payments will be more important than ever to ensure businesses can continue to function, support their staff and maintain social cohesion. There are a number of options our experts can dis…

Budget Highlights (relevant for businesses) Corporation tax rate will remain at 19% for the next two financial years  A new digital services tax will be introduced this year as ann…

The statistics reveal some bleak but interesting findings showing the status of the current UK economy.  Individual Total insolvencies for 2019 was at the highest level since 2010; Total number of Individual Voluntary Arrangements were the highest since they were introduced; There was a 0.6 per cen…