Credit, Collections & Insolvency News
Ireland’s The National Asset Management Agency (NAMA) has announced that it has repaid its remainder of its €1.064 billion of outstanding debt. The final transaction will complete the redemption of the €1.593 billion of subordinated debt originally issued by NAMA during 2010 and 2011. This subordinated debt accounted for 5% of the total amount of…
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New research from Citizens Advice has found that some energy autoswitching services are comparing fewer than 15 out of around 70 possible energy suppliers, despite claiming to cover most of the market, Citizens Advice’s ‘Stuck in the Middle’ report found that some autoswitchers were also providing inaccurate or unclear information, making it difficult for consumers…
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Outsourced receivables management services provider, CDS Global Solutions has announced that the company will begin operating under a new name; Barratt Smith Brown (BSB). Effective immediately, the rebranding strategy marks a new partnership between CDS Global CEO Ashley Barratt and Moreton-Smith Receivables co-founder, Mark Smith and ex Moreton-Smith CRO, Richard Brown. Leicester based CDS Global…
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Research conducted by Nucleus Commercial Finance, an alternative finance provider, has revealed that nearly four in 10 (39%) of UK SMEs encountered financial challenges over the past twelve months. Of this group, a quarter (24%) of business owners used their personal savings to address financial issues within their businesses, while 27% simply took no action,…
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Nick Georgiades who joined the Just parent company Arum in 2019 has been appointed as the Managing Director of its subsidiary, six months after its launch in September. Just, the post litigation market integrator has grown fast since launch adding over sixty customers to its list of clients and now provides High Court enforcement solutions…
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Reports that Goldman Sachs backed Neyber have called in the administrators may come as a shock to many, but I can’t say that I’m surprised. I am surprised that it’s happened so quickly, but the development does give me hope. Neyber talks a good game, has a decent website, and marketed heavily. Attending many employee benefits…
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Banking customers who use their arranged overdraft may find the cost to borrow rise over the next month as current account providers set out to ban usage fees in response to the Financial Conduct Authority’s (FCAs) overhaul to make things fairer. The latest research by Moneyfacts.co.uk has revealed that one brand has doubled the cost…
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