Mon.Sep 04, 2023

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Major contractors admit 20% of Invoices are paid late

UK debt collections

A swathe of major contractors are still failing to pay invoices on time , according to their own payment data. Build UK has compiled fresh payment-performance data on a range of tier one and specialist contractors, as well as clients, that have filed the information under the government’s Duty to Report on Payment Practices and Performance. Of the companies included on the list, 49 out of 123 said they paid at least a fifth of their invoices late.

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What Is A Debt Relief Order?

Hudson Weir

If you’re struggling with personal debt, you may be searching online for ‘debt relief order UK’ looking for a solution to your troubles. Well, first of all, it’s important to note that in order to apply, you must have lived in England or Wales in the last three years, as stipulated by the government. At the time of writing you cannot currently apply for a debt relief order (a DRO) in Northern Ireland, or Scotland where the Minimal Asset Process is arguably the nearest equivalent.