Credit, Collections & Insolvency News
The Government has launched a new consultation that aims to protect small businesses with action on late payments. The Consultation launched aims to give Small Business Commissioner more power to support businesses and resolve late payment issues. The proposed new powers include ordering businesses to pay in good time and issuing fines if they do…
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The Financial Conduct Authority (FCA) has updated its rules ahead of the Brexit transition period coming to an end. While the new rules will apply from January 2021. The FCA has said it will temporarily waive some of the rules, meaning businesses can continue to comply with existing requirements for a limited period – although…
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G3 Vehicle Auctions has signed a new extension to their solus contract with First Response Finance ahead of the upcoming move into a new £12m purpose-build auction centre, with the two companies now committed to a nationwide recovery and disposal agreement until 2023. This new agreement sees First Response Finance become one of the first headline…
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Trade credit insurance company, Euler Hermes Group has announced that Wilfried Verstraete, Chief Executive Officer (CEO) and Chairman of the Board of Management, has decided to step down from his operational duties after twelve years in the role. Clarisse Kopff will succeed Verstraete as CEO and Chairperson of the Board of Management in January 2021.…
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Dun and Bradstreet have announced appointed James Harrison as Head of Insurance. Harrison joins Dun & Bradstreet at a critical time for the insurance sector and will focus on helping clients use data and analytics to navigate the current environment, identify opportunities for growth and achieve their competitive edge. The coronavirus pandemic is accelerating the…
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EY announces seven senior promotion in Turnaround and Restructuring teams (TRS). The seven new EY TRS team partners collective experience includes; creditor and debtor advisory, distressed corporate advisory, debt restructuring, solvent restructuring, pensions strategy and insolvency. Henry Beech, who specialises in advising creditors in challenging restructurings has been promoted to equity Partner along with fellow…
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Risk decisioning and data analytics software, specialist, Provenir has announced a partnership with White Oak to support its digitisation and automated of its business loans and asset finance products. Nick Isaacs, Chief Risk Officer, Leases and Loans, at White Oak said “For over 30 years, we’ve been helping thousands of entrepreneurs and small businesses across…
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The British Chambers of Commerce’s Quarterly Economic Survey (QES) – the UK’s largest independent survey of business sentiment and a leading indicator of UK GDP growth – found that business conditions remained weak in the third quarter of 2020, despite much of the economy reopening. The bellwether survey of 6,410 firms, employing over 580,000 people…
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