Credit, Collections & Insolvency News
New research of annual B2B payment practices research conducted by global credit insurer Atradius show an increasing level of deterioration in payment practices in the Americas. The report also highlights: Average payment duration increased from 61 days in 2017 to 63 days in 2018. On average, 90.3% of respondents frequently experience late payments (the average is…
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Hitachi Capital UK has announced it has acquired of Franchise Finance, a specialist financial services provider to the franchising industry. The transaction boosts Hitachi Capital UK’s lending base to SMEs and franchisees, bringing considerable senior consultancy experience to the Group and helping to build a profitable portfolio within an underserved market. The acquisition also enables…
Read moreA large majority of brokers think they will increase the amount of bridging finance they do over the next 12 months, according to a broker survey by specialist bridging lender Hope Capital, with 97% of broker saying that they are more than happy to work with unregulated lenders. Hope Capital’s survey revealed that for more…
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New research from Paym, the UK’s mobile payment service, has found that one in five (21%) consumers have had a falling out over money – making it one of the most common reasons for friendship-troubles, causing more problems than politics (15%), or sport (10%). One of the main reasons for feeling awkward about owing money…
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New figures from a finance industry survey have shown that restricted cash flow and lack of bank support are the top challenges facing SMEs – but that the majority of advisers would recommend alternative finance to unlock the path to growth. The survey of the UK’s advisory professionals’ community by alternative finance specialists ThinCats showed…
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With high street names such as Mothercare, New Look, Carpetright, and now Poundworld turning to rescue options, Company Voluntary Arrangements are big news at the moment. But what exactly are they? What is a Company Voluntary Arrangement (CVA)? Essentially a CVA is almost like a debt consolidation plan where not all the debt is repaid. This…
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It is easy to think that Europe and the U.S have long led the way on mobile payments, with all major high street banks offering mobile apps for consumers to manage their money. Third-party apps such as ApplePay and AndroidPay, allow for quick transactions on the go, while other providers such as PaySafe and ING…
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The Money Advice Trust has published its latest impact report which outlines the impact of its advice services, training and influencing work in 2017. The report shows that the charity’s National Debtline and Business Debtline advice services helped more people and small business owners to tackle their debts in the year than ever before, as…
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