Credit, Collections & Insolvency News
A new survey by the Finance and Leasing Association (FLA) has indicated that the asset finance, consumer finance and motor finance industry sees opportunities for growth over the next year despite the heightened uncertainty caused by the latest restrictions to deal with the Covid-19 pandemic. The association surveyed its members with respondents divided on the…
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Household water bills are set to drop by an average of £2 from April, which after inflation will be the same rate as a decade ago. Bills and reductions vary between companies, but most households will save at a time when more customers across England and Wales are accessing payment support schemes than ever before.…
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Credit management firm Intrum has achieved gold rating in an independent customer experience assessment for the seventh consecutive year by Investor in Customers (IIC). IIC has again given the business its highest gold standard for delivering ‘exceptional’ customer service, making Intrum the only business ever to achieve gold on first IIC assessment and maintain that…
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Aryza has announced a new strategic investment in Birmingham based Back2Credit, an authorised debt solution provider with over ten years of trading experience. Dedicated to helping consumers better manage their repayment options, Back2Credit offers flexible debt management plans, all tailored to meet the individual needs of the customer. Every Back to Credit customer has their…
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The Financial Wellness Group has urged the Financial Conduct Authority (FCA) for change to ensure that the debt advice sector is funded sustainably and that debt solutions are accessible. Deborah Ware, chief operating officer at Financial Wellness Group says that “Change is needed to ensure that the debt advice sector is funded sustainably and that…
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New research by Resolver has found that in the last twelve months alone, there were 8,577 complaints about buy now, pay later lending with 17,726 have been made in the two and a half years that Resolver has been helping people to complain about this type of credit. The data also reveals that problems are…
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New research from Mental Health UK carried out in partnership with small business lender iwoca has revealed that four in five small business owners report experiencing common symptoms of poor mental health at least a few times a year. Inability to focus (66%) is most commonly reported by small business owners, followed by anxiety (64%)…
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New data from insurance specialist Euler Hermes has predicted that 2021 is likely to bring a flood of corporate insolvencies throughout the world’s largest economies. The company points out that Q4 in Europe is likely to be the time when the surge in business insolvencies reaches its zenith. Whilst insolvencies in the US will rise…
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Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in January: 365 PRODUCTIONS (UK) LTD 55 PIXELS LTD A & C MOTOR SERVICE LTD A B FOOD TECHNOLOGY SERVICES LTD A J CONTRACTS AND DEVELOPMENTS LTD A MCCULLEY CONSTRUCTION & CONTRACTING LTD A.R.G. (MANSFIELD) LTD…
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In January, Winding Up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: ABACI PROCUREMENT LTD AMAZON CREEK LTD ASIANA LTD AVERY HOMES RH LTD BROOK TRADE BRYMAC (LONDON) LTD C7 BRANDS LTD CRANHAM CURTIS LTD DISCO RETAIL LTD EBULLIO INVEST LTD EBULLIO RETURN SPECIAL PURPOSE VEHICLE LTD ECOMMODITIES…
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In January the following administration notices have been issued and advertised in the London Gazette for the following companies: AH SCARBOROUGH HEALTH PARK LTD ASHRIDGE CONTRACTORS LTD AVON VALLEY PRECISION ENGINEERING LTD AVPE INVESTMENT LTD BAUMOT UK LTD BLACK HANGAR STUDIOS LTD BRACKNELL PROPERTY OPCO LTD CONDER ALLSLADE LTD COVRAD HEAT TRANSFER LTD CREATIVE DIGITAL…
Read moreDuff & Phelps has appointed Kris Carpen as Senior Director within its Global Restructuring Advisory practice, based in London. Carpen has over 20 years of experience in providing restructuring advise and support to underperforming businesses and their stakeholders. He joins Duff & Phelps after three years as a director of resturcturing at Alvarez & Marsal (A&M).…
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