Credit, Collections & Insolvency News
While there are some companies growing strongly at present, the current political and economic uncertainty has created an environment where many are finding it increasingly difficult to plan long-term. The FSB has pointed towards the “chaotic” Brexit negotiations to explain the recent drop in business confidence. On top of this, the government’s business insolvency figures…
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Research carried out as part of BDO LLP’s annual FraudTrack report has found that the total value of fraud in the UK more than halved in 2018, following a record 15-year high in 2017, down from £2.1bn to £746.3m. The analysis, which examines reported fraud cases over £50,000 in the UK, reveals that despite the…
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A major package of proposals to bolster competition and put consumers even more directly at the heart of the Competition and Markets Authority (CMA) has been published. Business Secretary, Greg Clark, attended an event hosted by Lord Tyrie, the Chairman of the Competition and Markets Authority (CMA), at which the proposals were launched. These are…
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Water Retailer suppliers must do more to turn the tide of non-household complaints received by the Consumer Council for Water (CCWater), as the water market approaches its second anniversary. according to a new report. New figures released by the Consumer Council for Water have revealed that it received 1,037 complaints from businesses during the third…
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Insolvency and restructuring trade body R3 has responded to the publication of a Government consultation on plans to repay HMRC ahead of pension schemes, trade creditors, and lenders in insolvency procedures, Stuart Frith, President R3, said “The Government’s decision to push ahead with the return of ‘Crown Preference’ is frustrating and misguided. It’s a short-sighted…
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Lending platform Freedom Finance has launched its first Open Banking platform to a panel of lenders for secured loans. The announcement follows a Freedom Finance industry workshop, in partnership with AccountScore and Equifax. This brought together both large and challenger banks to discuss a common Open Banking goal – to provide customers with better-informed options…
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Experian has announced that it has abandoned the £275 million acquisition of ClearScore. In a statement Experian said “Further to the Provisional Findings published by the UK Competition and Markets Authority (CMA) on 28 November 2018 and taking into account subsequent interaction with the CMA, Experian does not believe that the CMA will approve the…
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