23rd September 2019 - Credit Connect

OakNorth Bank and Shieldpay announce strategic partnership

23rd September 2019 Commercial Credit Management |

OakNorth Bank has announced a strategic partnership with leading high value, secure payments solution, Shieldpay, to launch escrow accounts for borrowers. The companies have jointly developed this industry-first offering which enables OakNorth to hold borrowers’ funds securely in Shieldpay’s digital escrow facility – the vault – and only release funds when all parties are in…

RBS appoints new Chief Executive Officer

23rd September 2019 Consumer Collections |

The Royal Bank of Scotland Group (RBS) has announced the appointment of Alison Rose as Executive Director and Chief Executive Officer (CEO). Rose, currently Deputy CEO NatWest Holdings and CEO Commercial and Private Banking, will take up the position on 1st November 2019 after an orderly handover has taken place. Ross McEwan will formally step…

Nearly half of first-time buyers partially funded by family

23rd September 2019 Consumer Collections |

Nearly half (47%) of first-time buyers are partially funded by grandparents or parents according to research conducted by independent equity release adviser Key. Retired homeowners are increasingly considering cashing in buy-to-lets, acting as guarantors as well as remortgaging or taking out new mortgages (including equity release) to help children and grandchildren on to the property…

Bailiffs sent to 310 premises a day over business rate arrears

23rd September 2019 Enforcement |

An investigation by the real estate adviser Altus Group has revealed that, during the last financial year (2018/19), over 78,000 non-domestic properties from shops to restaurants to pubs to factories were referred to Bailiffs to levy ‘distress’ and to seize their goods having fallen into arrears with business rates. Bailiffs are instructed by Councils, once…

Thomas Cook enters compulsory liquidation

23rd September 2019 Arrears and Recoveries |

The UK Civil Aviation Authority (CAA) said the tour operator has “ceased trading with immediate effect” after winding up orders were made against Thomas Cook Group plc and associated companies. The court appointed the Official Receiver as the Liquidator. The court has appointed Special Managers to assist the Official Receiver with the liquidation. Insolvency Practitioners…

Moore Kingston Smith Partner to Chair industry sector group

23rd September 2019 Commercial Credit Management |

Moore Kingston Smith has announced the appointment of partner Ian Robert to Chair of Moore Recovery UK – the recovery sector group with members from across the Moore UK network. Robert takes over from Duncan Swift, following the group’s recent annual conference. Robert is Head of Corporate Recovery at Moore Kingston Smith Licensed Insolvency Practitioners…

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