Credit, Collections & Insolvency News
New figures released by the Finance & Leasing Association (FLA) show that Second charge mortgage new business volumes fall by 80% in May 2020. Commenting on the latest new business figures for the second charge mortgage market, Fiona Hoyle, Head of Consumer and Mortgage Finance at the Finance & Leasing Association (FLA), said “The severity…
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New figures released by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) fell by 60% in May 2020 compared with the same month in 2019. In the five months to May 2020, new business fell by 30% compared with the same period in 2019. New…
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In June the following administration notices have been issued and advertised in the London Gazette for the following companies: 30 JAMES STREET LTD ACCESSORIZE LTD ADMEDO LTD ADWAIZ LTD AFFINITY CONTRACTS LTD AJS PROPERTIES 2018 LTD ALBION LTD ALPHA MAY DOMICILIARY CARE LTD ANDREW GRANT LTD LIABILITY PARTNERSHIP APTA BIOSCIENCES LTD ATAL CONTRACTING LTD ATHENA…
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Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in June. 1ST CALL LETTINGS LTD 1ST CALL RECRUITMENT LTD 3TR LTD A HERITAGE WINDOW CO. LTD A-Z STATIONERS LTD A1 AUTOGLAZE NATIONWIDE LTD A1 HIGHFIELDS ASSOCIATES LTD AARKHAUS LTD AARON & STEPHEN CO LTD ABBEY…
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In June, Winding Up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: 3XP SOLUTIONS LTD ABSOLUTE CONSTRUCTION (NORFOLK) LTD ACE DEVELOPMENT SOLUTIONS LTD ACTIVE MANAGEMENT FACILITIES LTD ALLIANCE PREMIER LTD ANCHOR HOUSE CONSTRUCTION (R.G.) LTD APS PLUMBING AND HEATING SERVICES LTD ASTON DARBY GROUP LTD B N DIRECT…
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More than 1 in 10 businesses have revealed it is impossible or unviable to open up ahead of the UK lockdown being lifted on 4th July. More SMEs have reported greater levels of stress and anxiety due to Covid-19, finds the latest results from the ACCA UK and The Corporate Finance Network (The CFN) SME…
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TriLine GRC has announced that it has been selected by the Family Building Society to embed an automated solution to improve efficiency and to provide concise and real-time reporting. TriLine GRC will be implementing the compliance and risk management platform, alongside its Triage PRO regulatory horizon scanning module. Triline says the solution will provide Family…
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EQ has launched a new automated complaint product for the financial services industry. The new product called EQ Complaints Professional is a complaints solution that will enable firms to enforce their FCA compliance immediately and on a continual basis as regulation evolves. The solution’s automation and machine-learning capabilities will ensure companies meet regulatory requirements to…
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The House of Lords Select Committee on the Social and Economic Impact of the Gambling Industry has warned that more needs to be done to prevent gambling-related harm. The committe says that the liberalisation of gambling by the Gambling Act 2005, the universal adoption of smart phones, and the exploitation of soft-touch regulation by gambling…
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The Government has announced that it has launched a comprehensive new funding package for councils to help address coronavirus pressures and cover lost income during the pandemic. The government says that it has delivered an unprecedented package of support to councils over recent months, and councils in England will now receive a further £500 million…
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Court Enforcement Services has announced that it has appointed Neil Jinks as its new Marketing & Communications Lead. In this senior role Jinks will lead on developing communication processes within group companies and internal working partnerships. Neil’s remit includes developing marketing and communication processes within the business and to assist with the delivery bespoke solutions…
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The Financial Conduct Authority (FCA) has announced proposals that would provide continued support for users of motor finance and high-cost credit products, who continue to face payment difficulties due to the pandemic. The proposals outline the options firms will provide motor finance, buy-now pay-later (BNPL), rent-to-own (RTO) and pawnbroking customers who are coming to the…
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