Credit, Collections & Insolvency News
Someday you may find yourself without enough money to pay your suppliers and you’ll end up asking ‘what can a creditor do if I can’t pay them?’ We take a look at the actions that can be potentially used. In some cases, legal action can be sought by creditors through the County Court or High Court. However,…
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The role of the finance leader is evolving — with the last few years, in particular, seeing a clear shift from financial guardian to strategic partner, and key adviser, on the future direction of the business. More and more, finance leaders find themselves alongside business leaders at the heart of the organisation — not just…
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As the dust begins settling on the collapse of Carillion, we move to the damage assessment phase – but question marks remain over the fate of at least 43,000 jobs. 30,000+ small businesses are thought to be owed money by the firm, and although credit insurers have confirmed that they will pay out compensation totalling…
Read moreUK Finance has today published its figures on regional lending trends for the UK mortgage market in 2017 Q4. The figures reveal that in both Scotland and Northern Ireland, the number of first-time buyers and remortgagers have reached their highest levels for a decade. Meanwhile, the Welsh mortgage market continues to grow at a steady…
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Two small energy suppliers have left the big six energy companies trailing when it comes to customer satisfaction according to a new survey by Uswitch.com. Challenger supplier Octopus Energy, which launched in 2016 and is included in the report for the first time, takes first place for overall customer satisfaction with a score of 96%.…
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The Financial Conduct Authority (FCA) has announced that it has as launched a consultation on how technology can improve and facilitate regulatory compliance. The FCA regularly explores how technology can make our regulations more efficient and reduce the regulatory burden on firms. One of the ways we do this is through ‘TechSprints’ that bring together…
Read moreAccountancy firm Armstrong Watson has appointed a new partner in its restructuring, recovery and insolvency team in Leeds. Robert Adamson is a specialist in business recovery and turnaround and holds in excess of 20 years’ experience. Adamson has extensive knowledge in corporate restructuring and insolvent company rescue procedures and has acted for a variety of stakeholders. Mark Ranson, head…
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