Credit, Collections & Insolvency News
Water regulator, Ofwat has warned that customers will pay more on their water bills and investors could scoop up the extra as higher dividend pay-outs if the Competition and Markets Authority (CMA) confirms its position on the price review of four water companies. In December last year, Ofwat set out what water companies should deliver…
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The Bank of England has reported that consumers made net repayments of £600 million in September whilst approvals of mortgages for house purchase increased to 91,500 last month from 85,500 a month earlier, with pent-up demand and the stamp duty holiday cited as reasons for the housing market boom. September’s figures total marks the highest…
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Sintons has announced a legal partnership with Just for enforcement market solutions. Allison Thompson, Head of Debt Recovery at Sintons said “We pride ourselves on giving high quality advice on responsible debt recovery to all of our clients so it’s exciting to work with the team at Just who are making great strides to promote…
Read moreBusiness decisioning data and analytics specialist Dun & Bradstreet, has announced the launch of D&B Lending Intelligence. The company says that the new online solution enables lenders to make quicker credit decisions for small and medium enterprises (SMEs) by providing real-time access to a wider range of data, combining new UK commercial credit data from…
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The latest Red Flag Alert research for Q3 2020 has recorded that 557,000 businesses are now in ‘significant distress’ after the largest quarterly leap in financially distressed companies since 2017. This 6% increase (from 527,000 in Q2 2020) in the last three months comes despite a backlog of court action preventing many CCJs and winding…
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New research by the Resolution Foundation has revealed that one in five furloughed young workers have lost their jobs. The Foundation revealed that of the workforce overall, 17% of those in work before the pandemic were still not back in full employment, including those no longer working, those still furloughed or whose pay or hours…
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