Credit, Collections & Insolvency News
Poor cash flow has an effect on many companies, even those with highest profits. When you are always taking on more customer orders and dealing with the day-to-day business, it can be difficult to envisage that the company is actually in a serious situation due to poor cash flow. Although cash flow is by no…
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There are no traffic jams along the extra mile.” – Roger Staubach Credit Controllers and Credit Managers everywhere have so many choices to make every single day. They can keep their heads down, call all the overdue accounts, pass on the queries raised by customers, raise a few credit notes, (when they are finally approved!)…
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New figures released by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) for deals of up to £20 million grew by 4% in January, compared with the same month last year. Including high-value deals, new business increased by 3% over the same period. The plant and…
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Phillips & Cohen Associates, (Australia), the Australian arm of the globe’s leading deceased account management specialist, celebrates its fifth anniversary this month. The business, led by Managing Director, Don Coulthard, has enjoyed vibrant growth in the Australian market. Clients have been quick to benefit from the positive consumer impact of Phillips & Cohen Associates’ compassionate…
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The Government has announced plans to improve the UK’s corporate governance framework to ensure the UK remains one of the best places to start and grow a business. The rules include: Directors selling companies recklessly to face tough new sanctions including fines and disqualification Creditors could have money returned to them by reversing inappropriate asset stripping…
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New research from NS&I reveals that personal finance worries are having a negative impact on the well-being of 17 million Britons, with a quarter (26%) revealing that the state of their personal finances has had a negative effect on their mental health. In total 85% of Britons admit to worrying at least some of the…
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Tens of thousands of people are missing from society, hiding away and suffering acute anxiety because of poverty. These are the findings from a new Christians Against Poverty (CAP) report launched today by the charity’s patron the Archbishop of Canterbury. Archbishop Justin Welby said at the launch of the report that debt problems are now at…
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Peter Bell has joined Cox Automotive’s business Manheim as Managing Director. Bell joins from Jaguar Land Rover, where he held the role of global financial services director. He has also worked as Chief Operating Officer at Volkswagen Financial Services in the past. Michael Buxton, Chief Executive Officer at Cox said: “Peter is an accomplished business…
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Short-term lender Trusted Quid has announced its data has been accessed between 1st July 2016 and 17th February 2018. Information entered when applying for a loan directly via the was accessed. In a statement on the website Trusted Quid said “This does not involve customer data stored on Trusted Quid’s main systems (server). It also does not involve customers or applicants who have…
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