Credit, Collections & Insolvency News
Two in five small business owners (40%) say they are taking legal action against customers not paying them on time and many bosses are foregoing their own salary in order to ensure their employees get paid on time – according to new research from Hitachi Capital Business Finance One in five business owners (20%) are even…
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The annual growth rate of outstanding balances on UK cardholders’ credit cards stood at 3.7 per cent in July 2019, continuing the downward trend from its recent peak of 8.3 per cent at the start of 2018 according to new figures by UK Finance. Cardholders made 1.5 billion debit card transactions in July 2019, 8.9…
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Alternative lender Savvy.co.uk is to create 25 jobs after securing a £20 million investment. The funding, from London-based Cairn Capital, will increase lending capacity for the company that provide an ethical alternative to pay-day loans. Jobs created will be mainly in social media and digital marketing as well as software development for the company which…
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Consumer Credit Solutions (CCS) is celebrating 20 years supporting the home improvement industry and providing consumer finance to the sector. The business began in 1999 as a partnership and is still owned and managed by its founders Andy Wallace and Peter Nicholson. Since then CCS has grown into the UK’s leading independent finance facilitator working…
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Paul Uppal has stepped down from his role as Small Business Commissioner. Fiona Dickie, the Deputy Pubs Code Adjudicator, will provide oversight in the Small Business Commissioner role until early November, pending the appointment of an Interim Commissioner. An open recruitment campaign to appoint a new Small Business Commissioner will get underway immediately. The role…
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