Credit, Collections & Insolvency News
The HM Treasury has announced the appointment of Charles Randell CBE as the new Chair of the Financial Conduct Authority (FCA). Randell is currently an external member of the Prudential Regulation Committee of the Bank of England and a non-executive board member of the Department for Business, Energy and Industrial Strategy. Randell will take up…
Read moreBridging lender Octane Capital has announced that Graham Macaulay has been appointed as Senior Credit Manager. Macaulay will report to Matt Smith, Octane Capital’s Director of Credit. Matt Smith commented on the appointment “Graham’s understanding of risk is superb and to have him on board is a significant coup, not to mention a great start…
Read moreCar sales in the UK declined in 2017, the first decline in five years. The Motor industry is blaming government for a collapse in consumer confidence in diesel vehicles Total sales for last year were 2.54m new vehicles, a decline of 5.6% on 2016, with diesel sales dropping 17%. The Society of Motor Manufacturers and…
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It might be well known that the likelihood of recovering an invoice in full diminishes rapidly the longer it remains overdue, but businesses are too often finding that they have little power to affect this process despite their best efforts. Aged debt remains a significant challenge for SMEs currently, not just because it represents money…
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The rate of UK consumer borrowing continued to slow in November according to the Bank of England as it seeks to slow down the growth of the personal loan market.The report shows a growth in consumer credit of 9.1 percent in the year to November 2017. Outstanding balances for consumer credit now stand at over £205.8 billion. In response…
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