Credit, Collections & Insolvency News
Atradius N.V has announced its acquisition of 55% of the shares in Graydon Holding N.V. With this acquisition Atradius, which already owned a 45% stake in Graydon will become the sole shareholder. Graydon has offices in Netherlands, Belgium and the UK with business operations in credit management, risk and compliance, marketing information and debt collection. Graydon will continue…
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Aldermore has appointed Lesley Rolfe as the Head of Asset Finance Operations. Carl D’Ammassa, Group Managing Director, Business Finance at Aldermore, said: “Aldermore’s Business Finance division is continuing to grow at an impressive rate, giving us the opportunity to expand our team and improve our operations and processes to drive this growth even further and improve…
Read moreRimilia has announced strong end of year results for it’s financial year ending 31st July. The company achieved overall year on year sales increase by over 40%. The year also saw a 30% increase in staff members across all departments and the launch of a fully integrated Accounts Receivable (AR) solution. Managing Director Chris McGibbon said that the…
Read moreOver £80 million has been repaid to creditors in the past year, according to the Annual Report and Accounts published by Accountant in Bankruptcy (AiB). The Scottish Government Agency also recovered all of its costs through fees and income during the year, ensuring its work had no impact on the public purse during 2015-16. Despite…
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Payday firm, CFO Lending, has entered into an agreement with the Financial Conduct Authority (FCA) to provide over £34 million of redress to more than 97,000 customers for unfair practices. The redress consists of £31.9 million written-off customers’ outstanding balances and £2.9 million in cash payments to customers. A number of serious failings took place which…
Read moreThe majority (86%) of UK Chief Financial Officers (CFOs) are driven to reach the top role of Chief Executive Officer (CEO) in their current organisation, reveals new research from leading recruitment agency Robert Half UK. The toughest competition for the hot seat comes from Marketing Directors with 23% of CFOs perceiving them as the greatest threat.…
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