There are now four, not three tracks for cases in the civil courts to be assigned to: Small Claims Track Fast Track Intermediate Track Multi Track For Amounts Up To £10,000 For Amounts Between £10,000 & £25,000 For Amounts Between £25,000 & £100,000 For Amounts Over £25,000.*Amounts over £100k will be heard in the High […]… Continue Reading
The Insolvency Service has released the latest figures for February 2024, shedding light on the state of insolvencies in the UK. Here’s a breakdown of the numbers: Registered Company Insolvencies Breakdown: In February 2024, a total of 2102 company insolvencies were recorded, with the following distribution: 1707 Creditors Voluntary Liquidations 217 Compulsory Liquidations 166 Administrations […]… Continue Reading
“In our credit management procedures, we engage with two agencies for credit information. One is a mainstream agency, and the other is Top Service because of their construction industry-specific information. Recently, when assessing a potential customer seeking a credit account, our primary provider’s data seemed satisfactory at first glance. However, upon cross-referencing with Top Service’s […]… Continue Reading
What sets us apart? Our specialised focus on the construction industry and access to exclusive trading experience data make us an invaluable resource for companies operating in this sector. As the only credit reference agency in the UK exclusively for the construction sector, Top Service is dedicated to providing a one-of-a-kind credit information service specifically […]… Continue Reading
MJG Timber Ltd is a wholesale quality timber trade supplier, they decided to join Top Service Ltd in October 2023 to help manage risk, minimise debt & maximise cash. … Continue Reading
Introduced in 2020, the Restructuring Plan builds on the principles of a Scheme of Arrangement (A compromise or arrangement between a company and its members or creditors), but importantly prioritises the rights of creditors who stand to benefit from the terms of the plan, allowing them to take precedence over those classes of creditors with […]… Continue Reading
A message to Top Service members from Emma Reilly FCICM, CEO at Top Service Ltd & Credit Expert… Continue Reading
For more than three decades we have been seeking feedback from both clients and team members about how we can improve our services and elevate our levels of customer service. The majority of our service enhancements over the years have been as a result of this valuable feedback for which we are very grateful. As […]… Continue Reading
Never underestimate the power of completing and submitting your insolvency paperwork—it’s your key to navigating the insolvency process as a creditor! We asked our friends at PKF to share their thoughts with us and our members. Submitting a proof of debt form when receiving notice of an insolvency is important as this will not only […]… Continue Reading
There were 1769 company insolvencies registered for January 2024, reported by the Insolvency Service. Made up by: 339 compulsory liquidations 1294 creditors voluntary liquidations 120 administrations 16 CVA’s Compared to January 2023, there has been a 5% increase in company insolvencies in January 2024. A proactive approach to credit management will help to support businesses […]… Continue Reading
