Business lender, Iwoca, has announced it has connected to Barclays and HSBC banks under Open Banking, expanding the the number of Open Banking connections offered by Iwoca to three, including Lloyds Bank, enabling more than 60 percent of the lender’s customers to take advantage of the Open Banking service. Open Banking is the new regulation which…

New data released by Creditsafe, examining the rate of company failures across 12 UK business sectors, reveals 0.33% of companies in the Hospitality sector failed in Q3 2018. Across the Hospitality industry – inclusive of hotels, restaurants and bars – there were 591 company failures, compared to 330 in the same time period in 2017.…

The Consumer Council for Water (CCWater) received 1,110 complaints from non-household customers between 1 July and 30 September this year, making it the worst quarter since the market opened in April 2017. The increase has undermined the improvement witnessed by the consumer body during the first three months of 2018/19 when complaints fell for the…

The UK’s smallest businesses are facing a bill of £6.7 billion, up from £2.6 billion in 2017 – just to collect money they’re already owed, according to research by Bacs Payment Schemes (Bacs), part of leading UK retail payments authority Pay.UK. This latest research, from the people behind Direct Debit and Bacs Direct Credit, shows…

One Select, an energy supplier with about 36,000 domestic customers, has ceased to trade. Under Ofgem’s safety net, the energy supply of One Select’s customers will continue as normal. The outstanding credit balances of domestic customers will be protected. Ofgem will choose a new supplier to take on One Select’s customers as quickly as possible.…

UK Finance has published its latest SME Update on SME loan approval (for Q3 2018) which show that rates remain consistently high. The figures show that there were 69,980 new loans and overdrafts approved for a value of £7.0bn with banks approving eight out of ten applications for SME Finance. The figures also showed that cash…

Employers are finally getting to grips with the Apprenticeship Levy, a new survey from the IoD has revealed, with over half of employers who use the system now saying they understand it ‘perfectly’, a 42% increase since March (from 36% in March to 51% in November). However, the poll of business leaders revealed that awareness…

Administration notices have been issued and advertised in the London Gazette for the following companies: ACKRILL NEWSPAPERS LTD ADD PRECISION LTD AIR TRAMPOLINE (CARDIFF) LTD AIR TRAMPOLINE (SWANSEA) LTD AJ WAY LTD ALFA ENGINEERING GROUP LTD ANGLIA NEWSPAPERS LTD ASPIRE CRAFTS LTD ATKINSON PRECISION LTD ATLAS BUSINESS INTERIORS LTD AUTILLA LTD BANDERA LTD BENITA FOOD LTD…

Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies: 1ST DOT COM LTD 1ST VENTURE LTD 2NDS FURNITURE LTD 3RD GENERATION LTD 3RD LEG LTD 5 OAKS WINDOW CLEANING COMPANY LTD A-Z ACCESSORIES LTD A. J. MOTORS (PLYMPTON) LTD A.H.Y HOTELS LTD A.J. ELECTRICS LTD A&A…

Winding up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: 0161 LETTINGS AND MANAGEMENT LTD 1ST PLATINUM INVESTMENTS LTD 2M PRINT LTD 2W CONSTRUCTION LTD 360 BUSINESS PARTNERS LLP 3B LOGISTICS LTD 3RD LEG LTD 404 ENTERPRISES LTD 44 LONDON LTD 777 FOODS LTD 7HILLS MECHANICAL LTD A…

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