Credit, Collections & Insolvency News
Credit broker specialist firm Loan Link Limited has appointed liquidators. Loan Link was based in Cardiff with it’s main activities were brokering loans and arrears management services for its parent company Nemo Personal Finance. Principality Building Society acquired Loan Link Limited and formed second charge lender Nemo Personal Finance in 2004. In February 2015, second charge lender…
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More than a tenth of the adult population expects to fall behind on their finances this January, while less than a third have set a personal budget and ‘perilously few’ have a plan to repay the debts they currently owe, according to new research from National Debtline, run by the Money Advice Trust. A poll of…
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The biggest rise in food and drink expenditure for 20 months has driven essential spending to its strongest level of growth since February 2014, according to the latest Lloyds Bank Spending Power Report. Overall essential spending grew by 1.0% last month, the third consecutive month of positive growth. Lloyds Bank’s analysis of its own current…
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Winding up Petitions have been issued and advertised in the London Gazette for the following companies: A-CLASS GENERAL BUILDERS LTD ABBEYGATE ROOFING LTD ACE AIR CONDITIONING EXPRESS LTD ADMIRAL LAND & ESTATES LTD AEGIS ENVIRONMENTAL SOLUTIONS LTD ALPHA 1 SECURITY SERVICES (G.B) LTD ALPHABET CITY TRADING LTD BRITISH RAILWAYS NORTHAMPTON (L.M.R.) SPORTS AND SOCIAL CLUB BROMSHIRE…
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Administration notices have been issued and advertised in the London Gazette for the following companies: A & R ELECTRICAL AND SOLAR SUPPLIES LTD A-BELCO PROPERTY LTD ACQUISITION 3953278 LTD ACQUISITION 3957865 LTD ADAMS ADVERTISING & DESIGN LTD ALPHACARE NW LTD APPIANGATE LTD B D MANTELS LTD BARKER BROOKS MEDIA LTD BB UK OPERATIONS LTD BLUCHIE LTD…
Read moreAtradius has named Marc Henstridge as it’s new Chief Insurance Operations Officer (CIOO). Henstridge will join the Management Board of following the retirement of Dominique Charpentier at the end of 2016. Henstridge has been with Atradius since 1997. As CIOO he is responsible for Instalment Credit Protection, Bonding, Collections, Project & Process Unit and ITS. Over…
Read moreSouth Tyneside Council has seen the amount of Council Tax it is owed almost double over the last three years. Data obtained shows that the authority was owed £1.19million at the end of the 2013/14 financial year. By the end of 2015/16, that figure had jumped to £2.04million – a rise of more than 70%.…
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Scottish students are leaving university with an average debt of more than £10,000 after a 42% rise in borrowing over the past decade, new figures have shown. Recent years have seen a major spike in debt levels as ongoing austerity leaves many students struggling to make ends meet. The Scottish Government insists that debt levels…
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Debt of more than £11.5 million owed to Aberdeen City Council has been written off. The debt relates to 5 years of debt which exact amount is of £11,593,956. The figure relates to uncollectable debt the council has decided not to pursue. It includes council tax, business rates, community charge, housing benefit overpayment and service…
Read moreCitizens Advice is expecting more than 370,000 people to seek help on financial issues such as pensions, investments and debts in January after analysis by the charity reveals that people are more likely to research financial decisions now than at any other time of the year. The analysis of demand for advice over the last…
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