Credit, Collections & Insolvency News
Just one in ten (10%) British adults say they have received useful advice about personal finance through their school or college, a new survey of over 2,000 British adults by insolvency and restructuring trade body R3 and ComRes has found. A similar proportion, 11%, say the advice they received via public education was not useful.…
Read more
Nava has announced its appointment of Equifax to support the underwriting of unsecured personal loans for its UK borrowers. Nava has integrated Equifax solutions with its existing underwriting and risk management software, to support its credit analytics, credit scoring and applicant ratings. Nava is a next generation consumer lending platform due to launch later this…
Read more
Administration notices have been issued and advertised in the London Gazette for the following companies: ARIK AIR INTERNATIONAL LTD B.W. MANUFACTURING (PLASTICS) LTD BARTON MOSS FARM PRODUCE LTD BCBG MAX AZRIA UK LTD BOSTOCK METALWORKS LTD C.J. LEE & SONS (DAMERHAM) LTD CFO LENDING LTD CGNB LTD CLEAR SPACE CONSTRUCTION LTD COE-CRETE CHESTERFIELD LTD CONTACT TRANSPORT…
Read more
Liquidation notices have been issued and advertised in the London Gazette for the following companies: 1066 IT SOLUTIONS LTD 108 VAUXHALL LLP 4D MEP CAD LTD A C PRODUCE (IMPORTS) LTD A L BENEFIT SOLUTIONS LTD AA INDUSTRIES LTD AAHP LTD ABE HEALTH CARE LTD ABLE DIGITAL CONSULTING LTD. ABSOLUTE PROPERTY SERVICES GROUP LTD ACCIDENT CLAIM…
Read more
Winding up Petitions have been issued and advertised in the London Gazette for the following companies: A.G. LAMB LTD ACQUISITION 395446180 LTD ACQUISITION 395448370 LTD ACS FACILITIES LTD ADC TRADING (UK) LTD ADRIAN V LTD AESTHETICS OF LONDON LTD AIREDALE ENVIRONMENTAL SVS LTD ALBY DISTRIBUTION GROUP LTD ALEGRO ADVISORS LTD AMB ROOFING SERVICES LTD ARCRO HOLDINGS…
Read more
As financial services firms consider the impact the draft and under consultation Money Laundering Regulations 2017 will have for their companies, their focus is on ensuring they can plot a course to compliance amongst the host of new regulations. Financial services firms are more adept than other industries such as professional and legal services firms…
Read moreThe Insolvency Service has handed out 573 director disqualifications lasting more than five years in 2016/17, the highest figure since 2010/11. In 2015/16, it handed out 532 bans. Data from the regulator showed that, in total, there were 1,214 director disqualifications in 2016/17, compared with 1,210 one year earlier. The regulator said the average period of…
Read more
The Central Bank of Ireland today publishes its Annual Report for 2016, which contains the Statement of Accounts, and the Annual Performance Statement for Financial Regulation. In line with the mandate to safeguard stability and protect consumers, the Annual Report provides an overview on key activities and developments in 2016 and the Annual Performance Statement…
Read more
The number of debt decrees registered against Scottish companies rose by 21 percent during the first quarter of the year, according to figures released today by Registry Trust. Over the same quarter the average value of a company decree rose by five percent. By contrast decrees against businesses which were not incorporated moved strongly in…
Read more
Morses Club PLC, the UK’s second largest home collected credit lender, has announced that it has received full FCA authorisation following a period of operating under interim permission. Paul Smith, Chief Executive Officer of Morses Club, commented “We are delighted to have received full FCA authorisation, marking a significant step in the development of the…
Read more
Lindorff Group has announced it’s Quarter 1 results. Net revenue in the quarter was EUR 179m, an increase of 33 per cent compared to the same quarter last year and EBITDA excluding non-recurring items was up 38 percent. The growth this quarter was driven mainly by the Debt Collection business following the acquisition of Aktua, the…
Read more
Court Enforcement Services announces that they have appointed Chris Browning as the new Head of Client Services. He replaces Adele Whitehurst, who wishes to take a break from the industry and relocate overseas. Browning has over 10 years’ experience in client services which includes senior and global management roles with WGSN, the international consumer trend…
Read more