Credit, Collections & Insolvency News
Christopher Woolard, Executive Director of Strategy and Competition at the FCA, gave an interesting speech at the AI ethics in the financial sector conference at The Alan Turing Institute yesterday. As Flexys conducts its own artificial intelligence research and development exclusively for the debt collection market, we were listening intently. From the regulator’s perspective, there are…
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The number of County Court judgments (CCJs) issued against consumers in England and Wales in the first half of 2019 rose just three per cent, to 586,765, compared to the same period of 2018, according to latest figures released by Registry Trust. First half-year judgment numbers were rising every year since 2012’s record HY1 low…
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The number of corporate business insolvencies in Scotland fell by 15% in April-June 2019 compared with the previous quarter (January-March 2019), and fell by 2% compared with the same quarter the previous year (April-June 2018) according to latest Accountant in Bankruptcy (AiB) statistics. The number of Scottish registered companies becoming insolvent or entering receivership decreased…
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The number of personal insolvencies (bankruptcies and protected trust deeds) in Scotland rose by 7% in April-June 2019 compared with the previous quarter (January-March 2019), and rose by 9% compared with the same quarter the previous year (April-June 2018) according to latest Accountant in Bankruptcy (AiB) statistics. The figures showed that there were 3,520 personal…
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Conversational middleware company, Webio has announced that it has partnered with EIT Digital Accelerator to scale-up and expand internationally. EIT Digital is a leading European digital innovation and entrepreneurial education organisation driving Europe’s digital transformation. Their focus is on innovative, fast-growing start-ups and assisting them to secure international customers. Having supported over 300 start-ups this partnership…
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Here is an overview of The Money Charity’s latest statistics for July 2019: Personal debt in the UK People in the UK owed £1,640 billion at the end of May 2019. This is up from £1,592 billion at the end of May 2018, an extra £922 per UK adult over the year. The average total debt per household, including mortgages,…
Read moreThe Insolvency Service has reported that it has returned £61.3 million to creditors, up from the £55.3 million last year according to the results as part of its annual report (2018 to 2019). Sarah Albon Chief Executive of the Insolvency Service said “I’m happy to report on another solid year of delivery by the Insolvency…
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The number of permanent pub closures across England and Wales has halved in the first six months of 2019 compared to the previous half-year, analysis of government data has revealed. A total of 235 pubs closed in the UK in the six months to June, according to new analysis by Altus Group, an average of around forty pubs each…
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Home collected credit lender, Morses Club has announced the appointment of Gary Marshall as Chief Operating Officer (COO) to its fully owned subsidiary Shelby Finance. Marshall will be responsible for leading the integration and development of the digital product offering for Shelby Finance to deliver a range of products, based on customer demand. This will…
Read moreAlternative business finance provider,White Oak has announced a number of new hires to its Specialist Finance team. The new hires are Nicki Bowron, Callum Bull, Gordon Malcolm, Cole O’Malley and Andrew Thrower. All five have extensive experience in business finance across a number of different sectors, including Manufacturing, Transportation, Energy, Renewables, Oil and Gas, Plant…
Read moreNewcastle Intermediaries has appointed a new National Account Manager, whilst also expanding its business development team to six field based representatives. Francesco Di Petro has been with Newcastle Building Society and their intermediary team for 12 years, most recently in the role of Business Development Manager for the North and Scotland. Following the announcements of…
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