Credit, Collections & Insolvency News
Suppliers are at risk of having insufficient trade credit insurance as some British firms, such as retailers and manufacturers, stockpile goods amid mounting concerns of a no-deal Brexit, according to Marsh, an insurance broking and risk management solutions specialist Traditionally, buyers purchase goods on credit terms, sell these goods on to the consumer, and use…
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Responding to the latest apprenticeship figures, showing starts flat over the last few months, but with a year on year drop of 25% for the 2017/18 academic year to July, Jamie Kerr, Head of External Affairs at the Institute of Directors, said “Today’s figures show that apprenticeship starts have still not recovered since the introduction…
Read moreAccountant in Bankruptcy (AiB) has released official statistics reporting corporate insolvencies Scotland for the second quarter (July to September 2018) of 2018-19. The number of corporate insolvencies in Scotland fell by 5% in Q2 2018-19 (July-September 2018) compared with Q1 2018-19 (April-June 2018), but rose by 4% compared with Q2 2017-18 (July-September 2017). Commenting on the…
Read moreAccountant in Bankruptcy (AiB) has released official statistics reporting personal insolvencies Scotland for the second quarter (July to September 2018) of 2018-19. There were 3,067 personal insolvencies (bankruptcies and protected trust deeds (PTDs)) in Scotland in 2018-19 Q2. The number of personal insolvencies (bankruptcies and protected trust deeds) in Scotland fell by 5% in Q2 2018-19 (July-September…
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Leek United has announced the appointment of Andrew Healy as the Society’s new Chief Executive Officer. Healy, joins Leek United from the largest bank in the Maldives, Bank of Maldives, where he has been CEO and Managing Director since 2014. He brings more than 25 years of experience in financial services to his new role,…
Read moreParagon has appointed Geoff Duncalf as its new National Sales Manager for Motor Finance. Duncalf has joined specialist lender Paragon from Lloyds Banking Group, where he spent eight years, including five years as Senior Account Manager at Black Horse Finance covering the Midlands region. The newly-created role will see Duncalf responsible for leading and developing…
Read moreNuisance calls are becoming a real problem in the industry. We have all been there, whether it is someone constantly ringing you about an accident you may have been in or some robotic voice advising you on PPI. Some businesses continue to break the law through their persistence. As it stands at the moment only…
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As reported by Credit Connect last month Citizens Advice lodged a “super complaint” with the Competition and Markets Authority (CMA). The super-complaint is in relation to a £4 billion a year “loyalty penalty” that on average amounts to £877 a year per household across five key markets; mobile, broadband, home insurance, mortgages and savings. The…
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