Credit, Collections & Insolvency News
PeerPay has developed a cloud-based platform that links the larger, cash-rich firms within an Accountant’s client portfolio with smaller, client companies within the same community looking for money to grow. The brainchild of founders, accountant David Ireson-Hughes, Michael King, an experienced financial services executive, and Alan Burns an experienced technologist, the platform – called FloFunder –…
Read moreConsumers spent £647 billion using payment cards in 2016, new figures fromThe UK Cards Association show. There were 14.8 billion card transactions in 2016, equivalent to 40.5 million transactions a day or 469 a second, data from The UK Cards Association shows. Three-quarters of retail spending (76.4 per cent) was on payment cards. Retail spending on…
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As the Bank of England’s latest money and credit statistics show an increase in consumer borrowing, Citizens Advice says right now more people are seeking help for debt problems from essential household bills. The Bank of England’s figures for January 2017 show consumer credit grew by 10.3% in the year to January to £194 billion.…
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Aldermore has announced that last year it provided over £1bIillon in new lending to SMEs, the backbone of the UK economy. The disclosure comes as the Bank releases its full year financial results for 2016. Aldermore’s Business Finance division comprises Asset Finance and Invoice Finance. In 2016, net loan growth in Asset Finance increased by…
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The Office for Budget Responsibility (OBR)’s forecast for average earnings projects that median household income will not grow at all for the next two years. The Institute for Fiscal Studies (IFS) has calculated the future effects of the economic downtown indicating that following on from the deep recession and already-tepid recovery, this would leave median…
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John Davies, The Just Loans Group PLC and Chairman of the Association of Alternative Business Finance provides background to the launch of the Association of Alternative Business Finance. Why was the AABF set up? Before last year’s AltFi.com annual European Summit a group of alternative lenders and industry commentators had a working dinner to test the enthusiasm for…
Read moreWinding up Petitions have been issued and advertised in the London Gazette for the following companies: 02 ENVIRONMENTAL SURVEYS LTD 10100442 LTD 1ST ALERT STEEL LTD A.J.’S COSTCUTTER LTD ABI BUSINESS SERVICES LTD ABUILDERS LTD AGL AVIATION LTD AGNI WHOLESALE LTD AGP STEEL STRUCTURES LTD AIS (MARINE) 2 LTD ALE WEB LTD ALLANSONS LAW LTD ALTERDERMA…
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Liquidation notices have been issued and advertised in the London Gazette for the following companies: 142 TRADING LTD 350Z LTD 4D LEISURE LTD (CANNOCK) LTD 4U NATIONWIDE LTD 505 ASSOCIATES LTD. 57A LOGISTICS LTD 8 MILE RECRUITMENT LTD A & C LANDSCAPES LTD ACTIVE AIR LLP A G T C BIO PRODUCTS LTD A STEP ABOVE…
Read moreAdministration notices have been issued and advertised in the London Gazette for the following companies: A&R HUGHES (ACADEMY GARAGE) LTD ABBOT GRANGE LTD AGE UK BLACKPOOL AND DISTRICT AGENCY COMMUNICATIONS LTD ASTON STUDENT VILLAGE BLUCARS (BUGBROOKE) LTD BLUE CUBE BUSINESS LTD BRAKEWORLD LTD BRW SERVICES LTD CARING FOR YOU PTS LTD CIRCLE OIL JERSEY LTD CITADEL…
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