Credit, Collections & Insolvency News
Nearly a third of Scotland’s professional services firms are considered to be at higher than normal risk of insolvency, according to research by insolvency and restructuring trade body R3. The research shows that 30.7% of businesses in the sector are considered to be at higher than normal risk of entering insolvency in the next year,…
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The Financial Conduct Authority (FCA) has issued a warning over an unauthorised lender which is using the details of an authorised firm. Brits Finance claims to offer personal loans that can be used for house repairs, but the FCA has confirmed it does not authorise this firm. Instead, the FCA has warned that Brits Finance…
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Wage Day Advance has revealed that the cost of becoming regulated has resulted in a post-tax loss of £7.7million for the year ending 31st December 2015. In recently published accounts, the lender revealed it had made a loss in 2015 after making a post-tax profit of £3.4million for the year before. Wage Day Advance put…
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