Credit, Collections & Insolvency News
Enforcement solutions specialist Just has announced that Scott Collin has accepted the permanent role of Group Chief Commercial Officer (CCO). Collin will sit on the boards of both Just and its sister company, Arum. Collin has been working with Just since its launch last year and with Arum since the beginning of 2019, following more…
Read moreDuff & Phelps has announced that it has appointed Joanne Wright as Managing Director in its Restructuring Advisory practice. She will lead the firm’s UK Personal Insolvency team. Wright, who is based in Manchester, joins Duff & Phelps with over 30 years of experience in the insolvency industry, with the last 20 years spent specialising…
Read moreOrder-to-cash and credit management specialist Onguard has announced that it has selected technology services company Rackspace to boost the agility of its customer operations. With the Rackspace Private Cloud powered by VMware, Onguard is able to adapt even better to customer needs with enhanced automation on a single tenant, dedicated private cloud, with a 99.9%…
Read moreSpecialist asset-based lender Ultimate Finance has announced the appointment of two Regional Directors to its North West team to support the region through the COVID-19 pandemic and beyond. The company has hired brothers Stuart and John Davies as Regional Directors who between them have a combined 23 years of experience in the asset-based lending space…
Read moreA third of UK SMEs will be unable to cover their costs by the end of July despite an unprecedented £330bn package of loans and guarantees from the Government, according to the latest research from Bibby Financial Services (BFS). The new study of SMEs shows this number rising to more than half should the lockdown…
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The Office for National Statistics (ONS) says Government measures designed to slow the spread of coronavirus has seen a quarter of businesses close down temporarily. A poll of 5,316 businesses, saw 25% say they had closed between 23rd March and 5th, while 38% of those that continued to trade said that their turnover was substantially…
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Banking and lending software provider, Phoebus Software has appointed Mehran Radfar to be its new Chief Operating Officer (COO). His main focus will be to drive change and to deliver operational excellence. Prior to joining PSL, Radfar spent 35 years at Unisys, in the last four of which he was Vice President, heading up Unisys’…
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UK households will have £43 billion less cash available for essential spending between April and June, as the UK slides into its deepest recession in decades. Disposable income earned by UK households, once it has been adjusted for tax and benefits, will be 17% lower in the second quarter of this year, according to analysis…
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37% of people across the UK have seen their incomes had been affected by the Coronavirus impact according to new research by Kantar. Nearly four in 10 people who have been financially impacted by coronavirus have seen half their income or more wiped out. Some 14% of people whose income had been impacted said it…
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