Credit, Collections & Insolvency News
Effortless Energy (trading as Go Effortless Energy), a gas and electricity supplier with around 2,500 domestic customers and a small number of non-domestic customers have entered administration. Under Ofgem’s safety net, the energy supply of effortless Energy’s customers will continue and outstanding credit balances of domestic customers will be protected. Ofgem will choose a new…
Read more
The government has announced new legislation meaning that landlords must now give tenants six months’ notice before they can evict until March 2021, except in the most serious of cases, such as incidents of anti-social behaviour and domestic abuse perpetrators. The stay on possession proceedings has been extended until 20 September, meaning that in total…
Read more
Responding to further changes to the Job Retention Scheme taking effect last week, Federation of Small Businesses (FSB) National Chairman Mike Cherry said: “The Job Retention Scheme has been a huge success, protecting livelihoods and the futures of businesses all over the country. We now have to avoid a scenario where its wind down triggers…
Read more
The latest Lloyds Bank Business Barometer has indicated that overall business confidence improved for third consecutive month, up eight percentage points to -14%, but remained well below long-term historical average. Despite the confidence, the latest Barometer figures continue to languish well below the long-term average and in negative territory, overall business confidence improved by eight…
Read more
Cabot Credit Management will be combined with US collections specialist Midland Credit Management it has been announced by the company’s parent company Encore Capital Group. The company says that it has taken important steps toward its goal of operational simplification and funding optimisation. Cabot Credit Management is one of Encore’s two primary operating units, which…
Read more
The Bank of Mum and Dad (BoMaD) will be a driving force behind the recovery of Britain’s housing market as buyers struggle with the economic impact of the COVID-19 crisis, new research from Legal & General and Cebr shows. Nearly one in four housing transactions (23%) will be backed by ‘BoMaD’ in 2020, with a…
Read more