Credit, Collections & Insolvency News
The late payment crisis is getting so bad for UK small businesses that 17% of business owners say they are forgoing paying themselves a wage so they can pay their staff on time. This rises to 27% of small businesses that say they are already struggling to survive. New research from Hitachi Capital Business Finance…
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New statistics published by StepChange Debt Charity have laid bare the alarming scale and changing nature of problem debt in the UK. They show that 326,897 people contacted the charity for help with their debts in just the first six months of 2018. Of the 180,644 who received full debt advice and a recommended debt…
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Morses Club the UK’s second largest home collected credit lender, has announced its interim results for the twenty-six-week period ended 25 August 2018. The company says its pre-tax profits will hit £10 million. Pre-tax profits rose from £6.7m in the same period last year to £10m in the latest period of trading, while statutory revenues…
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One major cause of headaches, for both businesses and individuals, is when customers, clients, or others refuse to pay money they owe. Despite letters and phone calls they may fail to meet their financial obligations and can leave their creditors feeling frustrated and out of pocket. For many small businesses, this can make the difference…
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There’s no doubt that maintaining a continuous cash flow when running an SME is incredibly hard. Between recruitment and staff retention, financial outgoings and ensuring the bills are paid on time, chasing unpaid invoices can often seem like a job that can wait for tomorrow. Whilst many suppliers and clients will pay without a quibble, some…
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Trade credit insurer Atradius has announced a number of new appointments. Thomas Murphy and Chelcee Witkowski as business development managers alongside James Armitage and Lisa McMillan as account managers in its north-west region. They join senior business development manager Sally Nolan and account managers Sarah Seddon and Nicola Hinchliff. The team, which is based in Atradius’…
Read moreLoans management and credit technology company, Equiniti Credit Services, has announced that it has recruited a further 15 software engineers to provide two additional Scrum teams specialising in C#.Net and Java and is actively looking to recruit more. The company is moving into Azure Public Cloud for hosting all aspects of its technical operations, including…
Read moreBusiness services and software managed services specialist Civica Group has acquired case management software specialist iCasework. Based in London, iCasework specialises in SaaS applications for case management, providing cloud software for enterprise complaints management, correspondence management and information request handling including in support of GDPR. Its products are used by more than 100 customers in the…
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