Credit, Collections & Insolvency News
New research by credit experts TotallyMoney has revealed the best average credit score locations across the UK, with Greater London soaring to the top, and Hertfordshire following close behind. The Free Credit Report company looked at credit scores for all available postcode areas, to calculate the average score for that district. TotallyMoney then ranked them…
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The Bank of England has published its latest monthly Money and Credit report showing consumer credit growth remained at 8.8 percent in the year to June 2018. Outstanding balances for consumer credit stand at £213.2 billion. The figures are published days after the Office of National Statistics revealed that British households spent around £900 more…
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Data management can be divided up into five themes: Data Capture: Identification and collection of data. Data Organisation – Retention and organisation of data for flexible, efficient use and maintenance. Data Exploitation – Conversion of data into useful business information. Data Knowledge – Acquisition, retention and presentation of information about data that are required in support of ‘Data Capture’,…
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Customer late payment continues to hamper the growth of small subcontractors working in the UK construction sector, according to new research by Bibby Financial Services and the Vinden Partnership. Bibby Financial Services research entitled ‘Subcontracting Growth 2018’, revealed that 60 per cent of subcontractors in the UK had suffered from bad debt in the last 12…
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FRP Advisory has announced that it has appointed a new Director to join its creditor’s service team. Tony Keehan joins FRP Advisory’s from Baker Tilly Creditor Services, where he was the Manager of the creditor assist team In his new role, Keehan will be working within a team of five and alongside Paul Atkinson, Insolvency Practitioner and…
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