Credit, Collections & Insolvency News
Analysis from The Insolvency Exchange, part of TDX Group, reveals that volumes of personal insolvency in the UK are likely to see a significant spike in 2017. The company’s latest Insolvency Market Trends data highlights that new Individual Voluntary Arrangement (IVA) and Trust Deed (TD) applications continue to rise and volumes could increase by as much…
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Three new alternative lenders have joined the recently launched Association of Alternative Business Finance (AABF) – Invoice Cycle, Merchant Money and Reward Finance Group. The AABF was launched on 1 February this year with the major ambition of championing and promoting the best standards of industry practice. The seven founding members, Capify UK, Catalyst Finance, Credit4,…
Read moreIn response to the FCA credit card market study consultation paper issued by the Financial Conduct Authority (FCA) Richard Koch, Head of Policy at The UK Cards Association, said: “We welcome the FCA’s considered proposals and support their view that the overall package is robust, and that the combined effect will address the concerns it…
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Four-fifths of the gains from tax and benefit changes coming into effect later this week (6 April) will go to the richest half of households, with the poorest third of households set to be £70 worse off on average, according to a new briefing note published by the Resolution Foundation. The analysis looks at the…
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New proposals by Ofgem to put a 12-month time limit on energy back bills will help protect consumers, says Citizens Advice. The national charity has been calling on Ofgem to make this a mandatory requirement in suppliers’ licences after the evidence showed suppliers weren’t always acting under the voluntary guidelines. Citizens Advice provided evidence from…
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Liquidation notices have been issued and advertised in the London Gazette for the following companies: (BE)SPOKE DERBY LTD 189 PICCADILLY LTD 1DS SOLUTIONS LTD 1GAS & POWER LTD 2GEN MOTORS LTD 3X3 SOLUTIONS LTD 4 COUNTIES FARM SERVICES LTD 434 THE PLEDWICK WELL INN LTD 52N RESOURCING SOLUTIONS LTD 63 DEGREES LTD 7074 LTD A &…
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Winding up Petitions have been issued and advertised in the London Gazette for the following companies: 4FRONT CLEANING LTD A & D HOMES LTD A & R HEATING & PLUMBING LTD A M GAS SERVICES AARON WEBSTER LTD ABSOLUTE HOME TEXTILES LTD ACTIONWAY LTD AE SYSTEMS LTD AERIAL CREATIONS LTD AGILE CONVEYANCING SEARCHES LTD AGP STEEL…
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Administration notices have been issued and advertised in the London Gazette for the following companies: 19 – 20 POLAND STREET LLP 1ST CLASS LEGAL (IS) LTD 4ENERGY LTD 99P STORES LTD A. JONES & SONS LTD ABSOLUTE HOME TEXTILES LTD ADRIAN PHILLIPS PROJECTS LTD AFC ANODISING & POWDER COATING LTD AGENT PROVOCATEUR LTD ALBURY PARK MANSION…
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OnePlusOne, the relationship research charity, is launching a Debt and Relationships project, funded by the Department for Work and Pensions, which highlights real-life stories in short animations to show the impact of debt on family relationships and the importance of sharing the burden with loved ones. The project aims to help people in relationships to start conversations…
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