Credit, Collections & Insolvency News
Opus Business Advisory Group has announced that it has opened a new office in Nottingham. The Group provides restructuring and insolvency, corporate finance support. The Group has also announced the appointments of Louise Freestone and Paul Mallatratt, two experienced local restructuring & insolvency specialists, to open the Group’s latest office in Castle Gate, Nottingham. With…
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New research by Lloyds Bank Business Barometer has shown that overall business confidence fell by three percentage points to -7% in January, reflecting renewed concerns about the pandemic and the impact on trading prospects. As the current restrictions continue to have a significant negative impact on most firms 52% of companies have reported lower sales…
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Energy regulator, Ofgem has appointed EDF to take on supplying Green Network Energy’s approximately 360,000 domestic customers and a small number of non-domestic customers. Separately, it has appointed British Gas Evolve, a trading name to take on supplying Simplicity Energy’s approximately 50,000 domestic customers following a competitive process run by Ofgem to get the best deal possible for customers. EDF and British Gas Evolve are offering customers a…
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Almost six in ten prepay customers are worried about their energy bills during national lockdown according to new research by Smart Energy GB. The research found that almost two thirds (65%) of energy customers on a non-smart prepay meter claim that their energy spend has increased during national lockdowns caused by the pandemic. The increase…
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Latest statistics from the Insolvency Service have indicated that there were 111,424 personal insolvencies in 2020, a fall of 9% on 2019’s figure of 121,882. The decrease was driven by a 25% reduction of both bankruptcies and DROs. The fall in DROs and debtor bankruptcies in the last three quarters of 2020 corresponds with a…
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Latest statistics from the Insolvency Service have indicated that there were 12,557 underlying corporate insolvencies in England and Wales in 2020, a fall of 27.1% from 2019’s figure of 17,224. The total number of registered underlying company insolvencies in 2020 decreased to the lowest annual level since 1989. This was largely driven by a low…
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A growing proportion of consumers are taking control of their finances by seeking financial products for debt consolidation, according to the latest findings from Experian’s Credit Barometer. Searches for balance transfer cards via Experian’s comparison services have risen in January, from 31% of the total credit card searches in December 2020 to 37% in January…
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Money Advice Scotland has announced that it has appointed Peter Costello as its new Chief Executive Officer (CEO). Costello joins from River Garden Auchincruive where he was also CEO. Costello joins Money Advice Scotland at a time of significant change for the sector, with plans to further develop the organisation and build on previous success.…
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TransUnion has announced it will continue to support Save the Children as its 2021 charity partner in the UK. Over the past year, TransUnion has taken part in a range of activities to raise much-needed funds for the charity, which have helped make a real difference, for example delivering a day’s worth of food to…
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Global Receivables Management company, Baker Ing has announced the appointment of Henry Barrowclough as its new Chief Revenue Officer. Barrowclough’s industry background over the last decade includes some of the largest and most innovative brands in the credit industry. Barrowcloughy joins Baker Ing during a sustained period of rapid growth for the company, bringing his invaluable…
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The Financial Wellness Group has launched Benesse Advice, which will focus on delivering its services via partner organisations, including creditors, housing associations, employers and other businesses. Benesse Advice will work with partners to support those with serious problem debt – including access to free holistic debt advice via phone and digital channels and, where suitable,…
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