Credit, Collections & Insolvency News
The UK’s largest insolvency regulator, the Insolvency Practitioners Association (IPA), has announced that it will introduce new unprecedented measures to regulate new and dynamic areas of the insolvency market. The Association has produced its first benchmark report on its new Scheme, which was implemented in January 2019, to regulate Insolvency Practitioners who operate large volumes…
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Sidetrade has announced the opening of its new Tech Hub in UK, with a projected investment of £30 million, and plans for 70 new tech jobs in the group. The company made the announcement at a launch event. Olivier Novasque, CEO of Sidetrade said “The Tech Hub moves Sidetrade further ahead in our journey for…
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Guarantor loan specialist Amigo Holdings has announced its interim results for the nine months ended 31st December 2019. The company has withdrawn its guidance for the full year after revealing a sharp drop in pre-tax profits, from £79 million to £53.5 million. Revenue grew 8.5% to £218 million, whilst the net loan book rose 3.8%…
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Provident Financial has announced its preliminary results for the year ended 31st December 2019 with Group adjusted profit before tax up 1.6% to £162.6m (2018 (restated): £160.1m), as the business continues to adapt to the evolving regulatory environment and successfully defended the hostile NSF bid. Malcolm Le May, Group Chief Executive, said “I am pleased…
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The interim funding arrangement to pay compensation to victims of authorised push payment (APP) scams in situations where both the customer and their bank have met the standards expected of them under the APP scams voluntary Code is being extended to 31st December 2020. The payment service providers (PSPs) who have provided the interim funding…
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