Credit, Collections & Insolvency News
Redwood Bank, a new UK SME Business bank, has secured a banking licence following approval from the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA). Redwood will now enter its mobilisation phase and expects to launch to customers later in 2017. Redwood Bank is wholly owned by Redwood Financial Partners Ltd (RFP), a company…
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MarketInvoice, the peer-to-peer online invoice finance marketplace, observed its best quarter and record month (March) of invoice finance funding since starting in 2011. Invoices worth £54.7m were funded from UK businesses last month, providing them with critical working capital.Q1 2017 has proved to be a record period for MarketInvoice as it scales towards its goal…
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MortgageGym.com has announced the appointment of Jeremy Moll as Chief Commercial Officer. Moll has over 28 years of experience in the UK mortgage and insurance industries. He was part of the senior team that established CompareTheMarket as the leading price comparison brand in the UK, during which time he grew revenues significantly. Jeremy was responsible for…
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Thames Water has announced two new members have joined it’s Executive Team. Sarah McMath has been appointed Managing Director of Wholesale Water at Thames Water, in place of Bob Collington who is retiring from the business. Dr McMath joined Thames Water’s research and development team in 1994, and has since undertaken a wide variety of…
Read moreLatest figures from Visa suggest that spending growth slowed in March. Rounding off weakest quarter for spending growth since Q4 2013 Kevin Jenkins, UK & Ireland Managing Director at Visa said “Our data suggests that consumer spending is beginning to slow from the strong levels seen in late 2016, as rising prices increasingly squeeze household purchasing power.…
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Skipton Building Society has announced the sale of its Amber Homeloans Limited and North Yorkshire Limited mortgage portfolio to an affiliate of a fund managed by a global investment management firm. The portfolio is estimated be worth £220 million and consists of 1,600 UK mortgages The transaction is due to complete by the end of Apri.…
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New figures released today by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) grew by 8% in February, compared with the same month in 2016. The plant and machinery finance and business equipment finance sectors reported new business up in February by 11% and 24% respectively,…
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Bibby Financial Services (BFS), has appointed Ben Smith as UK Corporate Sales Director. After joining BFS from British Nuclear Fuels Plc in 2010, Smith has held a variety of roles including Corporate Manager, Head of West Midlands Business Centre and – most recently – Head of Corporate for the Central region. Officially starting his new…
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Dong Energy have appointed Matthew Wright as it’s new Chair. Dong Energy’s current UK Country Chairman Brent Cheshire will retire in June after 13 years with the company. Brent Cheshire was Dong Energy’s first UK employee in 2004 and under his leadership, the business has expanded rapidly with over 850 people now working in the UK.…
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The Insolvency Practitioners Association (IPA) has appointed Ruth Duncan as its new President. Ruth takes office with immediate effect and serves as the Association’s figurehead and Chair of its board of directors for the next twelve months. Ruth, launched RNF Business Advisory (which has offices in Maidstone and London) in 2013, with more than 30…
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The Information Commissioner’s Office (ICO) has announced two senior appointments to help strengthen its strategic work in regulating the use of data. Paul Arnold has been appointed to the role of Deputy Chief Executive Officer, while James Dipple-Johnstone joins the Information Commissioner’s Office (ICO) as Deputy Commissioner – Operations. Arnold joined the ICO in 1998…
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