Credit, Collections & Insolvency News
The COVID-19 pandemic is expected to see business lending grow by 14.4% this year – the highest level in 13 years – according to an EY ITEM Club Interim Bank Lending Forecast. Additional bank finance (including government-backed loans) has been crucial to UK corporates and SMEs during the pandemic, and it is predicted that firms…
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The stock of consumer credit is forecast to fall by almost 16% this year as net lending for credit cards and personal loans turned negative during the lockdown period according to analysis by EY ITEM Club. The lockdown has caused a significant slowdown in bank lending to household with demand for consumer credit is predicted…
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Yü Energy have announced the acquisition of Bristol Energy’s business customer base. Bristol Energy which is owned by Bristol City Council is a national gas and electricity company supplying 4000 business meter points. Earlier this year Bristol City Council announced its intention to put Bristol Energy up for sale. The council says that an extensive…
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Alternative lending specialist, Morses Club says that collections in its Home Collected Credit (HCC) division for July increased to 98% of normal historic expectations when measured against expected terms, an increase from 91% at the end of June and anticipates to reach pre-Covid levels by the end of August 2020. In the company’s latest trading…
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In July the following administration notices have been issued and advertised in the London Gazette for the following companies: 1ST CHOICE SCAFFOLDING (ISLE OF WIGHT) LTD 4-14 SPURSTOWE TERRACE LLP AERO TECHNICS AVIATION LTD AERO TECHNICS LTD AERO TECHNICS SERVICES LTD AIRBASE INTERIORS LTD AL REALISATIONS LTD ALBANY BRENT LTD ALPHA TECHNOLOGY (INT) LTD AMCO…
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Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in July. 06472896 LTD 1313 BATH LTD 1489 CONSTRUCTION LTD 2 B FITNESS LTD 3K BUILDERS LTD 5 STAR SERVICES READING LTD A T P CONTRACTORS (MIDLANDS) LTD A WASTE SOLUTION LTD ABC HEALTHCARE & CONSULTANCY…
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In July, Winding Up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: 05034293 LTD 4MATION.SOLUTIONS LTD A. MORREY DISTRIBUTION LTD AESTHETIC COSMETIC LTD AFTERTHOUGHT GROUP LTD ALE TRADING LTD ALPHAMED REPORTING LTD AMIK PROPERTY INTERNATIONAL LTD ANDY MCNAIR BUILDING & MAINTENANCE LTD ASPEN GREEN ADMINISTRATION LTD BEAUFORT ASSET…
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Companies House has announced that it will resume the compulsory strike-off process from 10th October 2020. In announcement Companies House that it will resume the process to strike off companies that it believes are no longer carrying on business or in operation. In April 2020, Companies House introduced temporary easement measures in response to coronavirus…
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