Eversmart Energy, an energy supplier with around 29,000 domestic customers and a very small number of business customers has ceased to trade. Under Ofgem’s safety net, the energy supply of Eversmart Energy’s customers will continue and prepayment meters can be topped up as normal. The outstanding credit balances of domestic customers will be protected. Ofgem…

Home collected credit  (HCC) lender, Morses Club has announced its latest company results. As part of the results, the company has highlighted that it has issued £85.5 million worth of credit in the 27 weeks to 31 August 2019. The trading update said that trading conditions in our the HCC market remain in line with…

Secure Trust Bank Commercial Finance has bolstered its team in the Midlands, with the appointment of Matt Broomfield as Regional Sales Director. Broomfield has 13 years’ experience in the business lending market, having previously worked within the asset-based lending departments of major UK banks such as RBS and HSBC. He has developed a wealth of…

Global information and insights provider TransUnion has announced two new executive appointments. Shail Deep joins as Chief Product Officer and Ann-Marie Orange joins as Chief Information Officer, Deep, who has over 20 years’ experience – both in the UK and globally – across retail banking and technology consulting, joins the business as chief product officer.…

The Financial Conduct Authority (FCA) has made two new senior appointments. Kate Collyer joins its Chief Economist and Marlene Shiels, joins as Chair of the FCA’s Smaller Business Practitioner Panel. Collyer is currently Chief Economist for Energy and Market Frameworks and Joint-Director of Analysis at Department for Business, Energy and Industrial Strategy (BEIS). The FCA’s…

New TUC analysis has shown that unsecured debt per household has risen to record levels. The average household debt rose to £15,880 in the first quarter of 2019, up £1,160 on a year earlier. With over half of households report having unsecured debt, most commonly in the form of credit card debt (60%), overdraft (28%),…

Bibby Financial Services (BFS) has appointed Jonathon Preen as its new Global Head of Innovation. Preen joins BFS with over 8 years’ experience in leading innovation and creating new business models across a range of industries. Prior to joining BFS, Preen worked at HomeServe, where he served as Senior NPD & Innovation Manager. he has…