Credit, Collections & Insolvency News
Here is an overview of The Money Charity’s latest statistics for October 2019: Personal debt in the UK People in the UK owed £1,650 billion at the end of August 2019. This is up from £1,604 billion at the end of August 2018, an extra £876 per UK adult over the year. The average total…
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The Finance & Leasing Association’s (FLA) Chairman and board have announced that Stephen Haddrill has been appointed Director General of the FLA and will take up his role in early December. Haddrill has had an extensive Whitehall career, and also held numerous senior industry positions, including Chief Executive Officer of the Financial Reporting Council and…
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Sales on credit are on the up despite the prevailing economic challenges as UK businesses strive to appear more attractive to potential customers, reveals the latest economic report by trade credit insurer Atradius. The Western Europe Payment Practices Barometer research report by Atradius found offering credit was being used by UK firms as a tool…
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Business finance company MarketInvoice, has launched a new specialist team to provide finance facilities for Britain’s larger businesses. Having provided over £2.6 billion in invoice finance and business loans since 2011 to UK SMEs, MarketInvoice is now turning its attention to the larger businesses (turnover up to £50m), estimated to be a £13b finance market,…
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