Credit, Collections & Insolvency News
The number of companies falling into administration across England and Wales increased by just under 5% over 2019, highlighting the number of high street failures according to new analysis from KPMG. A study of notices in the London Gazette shows that a total of 1,403 companies went into administration during 2019, compared to 1,341 in…
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Yorkshire Water has announced that it will not accept the final determination published by Ofwat on 16th December 2019 as part of its 2019 price review. It has instead asked Ofwat to refer its final determination to the Competition and Markets Authority (CMA) for review. Yorkshire Water says that significant work has been undertaken to…
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Energy regulator Ofgem has announced a new customer compensation payment scheme to boost confidence in the switching process. The measures will be introduced from 1st May when consumers will automatically receive £30 if they experience delays or mistakes when switching supplier Ofgem says the new requirements, will give customers further peace of mind that they…
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LendingMetrics has announced a partnership with finance provider TFS Group. TFS, which specialises in ‘guarantor’ unsecured credit and lending to those unable to access high-street banks, is now using LendingMetrics’ award-winning automated underwriting platform Auto Decision Platform (ADP), together with its LMX and OpenBankVision products. Having used credit reference data, TFS Loans wanted to use…
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A new Collections and Enforcement specialist has launched. Chartsbridge says that it aims to provide the first unified motor finance collections and recovery outsource service in an otherwise fragmented marketplace, with their services available to clients on a modular or a full partnership basis. Chartsbridge has been launched by John Ingram – who originally founded…
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