Credit, Collections & Insolvency News
Innovation is definitely a buzzword these days. Everyone seeks it, but what is it? Well, for one thing, it’s not a new concept. The endless stream of inventions over the centuries is what makes today’s innovations possible. Innovation is about improving things in ways that enable growth and create added value for customers, employees and…
Read more
A wiser man than me once said that anyone attempting to make predictions will end up either wrong or lucky. In 2019, against a backdrop of uncertainty about the UK’s future relationship with its biggest trading partner that proverb holds true now, more than ever. This political uncertainty has led to reports of ebbing business…
Read more
The advent of open banking and the continuing emergence of new challenger and mobile banks is not limited to traditional banking. Asset finance is ripe for market disruption as specialist lenders move to target discreet market segments. The key to this changing landscape is the flexibility and availability of operating software. At the heart of…
Read more
Corporate structures have changed dramatically over the last 150 years – and so too have executive roles. Over the last few decades, we’ve seen various new roles and titles such as Chief Information Officer, Chief Content Officer and Chief Analytics Officer have more presence in the board room. Many of these new roles, and others…
Read more
The Bank of England has today published its latest monthly Money and Credit report showing consumer credit growth slowed to 6.6 percent in the year to December 2018. Outstanding balances for consumer credit stand at £215.6 billion. The Bank of England says that the credit growth slow down reflects the continuation of relatively weak flows…
Read more
Ofgem has appointed Utilita Energy to take on supplying Our Power’s 31,000 domestic customers. This follows a competitive process run by Ofgem to get the best deal possible for customers. Utilita is offering Our Power’s customers a competitive tariff and will honour all outstanding credit balances, including money owed to both existing and former customers…
Read more
Latest figures from the Insolvency Service for Northern Ireland show that there were 73 company insolvencies between October and December. 34 were compulsory liquidations while 26 were creditors’ voluntary liquidations. There were also eight administrations and five company voluntary arrangements. That total of 73 was 19.8 percent lower than the same quarter in 2017 and…
Read more
A total of 316,095 low-income Scottish households have accessed emergency funding to help with the costs of essentials such as food and heating since 2013. Over £181 million has now been paid out from the Scottish Welfare Fund, which helps people during times of crisis to buy everyday essential items like food, nappies or toiletries and…
Read moreBusiness process outsourcing (BPO) Target Group and operational has announced the appointment of two hires in the client services and business development teams. Neil Glover joins as Business Development Director, while Target also added David Facenfield as a Client Development Director within the client services team, as Target looks to strengthen its offering to clients.…
Read moreConsumer Credit Solutions (CCS) has purchased a controlling share in finance technology specialists Castlefields (Abbeystoke Ltd). CCS is a facilitator of point-of-sale finance to the home improvement industry and has enjoyed a close working relationship with Castlefields for over 15 years. In that time CCS has been instrumental in assisting Castlefields to enhance both the…
Read more
Scottish startup HubSolv has rebranded its automated client portal for the insolvency industry, formerly known as Ibby, under the new name HubSolv Messenger, to strengthen the identity of its fintech products. The rebrand follows HubSolv’s expansion as the firm works on a new product for a wider market that will leverage the branding originally designed…
Read more