Credit, Collections & Insolvency News
It is always an eye-opener when businesses that have been at the top of their game fall from grace. There is a long list of industry leaders who no longer lead. Almost overnight, household names reduced to shadows of their former selves. The most recent that spring to my mind are in retail: Top Shop,…
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Specialist home credit provider, Morses Club has announced that it anticipates Group pre-tax profits will be ahead of current market expectations. In its latest trading update, the company says it was able to perform resiliently and profitably during a challenging year. The company says it moved to a remote Home Collect Credit (HCC) lending model,…
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Latest date from the Financial Ombudsman Service (FOS) has shown that guarantor loans were the most complained-about product during the three months period between October to December 2020. The new figures mean that Guarantor loans have overtaken Payment Protection Insurance (PPI) as the most complained about product that the Financial Ombudsman Service adjudicates on. Complaints…
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In February the following administration notices have been issued and advertised in the London Gazette for the following companies: 07567003 LTD ASPIRE 4 TECHNOLOGY GROUP LTD BABBAGE CONSTRUCTION LTD BE LOGICAL UK LTD BEEGOOD ENTERPRISES LTD BIOTECHNICA SERVICES LTD BIRMINGHAM APEX HOUSE CENTRE LTD BOTTLING INTERNATIONAL LTD BOXCOM NETWORK SERVICES LTD BRAND HOUSE HOLDING LTD…
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In February, Winding Up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: 1ST STEPS QUALITY & TRAINING LTD A G EDWARDS & SON DEMOLITIONS LTD ARCHITECTURAL CERAMICS LTD ASTONCOM LTD BELMONT TRADING UK LTD BLACKWOOD & SON LTD BOND STREET LINKS LTD BUILDTRUE (2008) LTD ELLIS WALLS AND…
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Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in February: @SHANTERZ LTD 1 TRANSPORT SOLUTIONS LTD 126SKIN LTD 3000 PROPERTY SERVICES LTD 53035 LTD (FORMERLY PILLBOXCAPITAL 3 LTD) A & N ENIGMA ENGINEERING LTD A B PERFORMANCE LTD A PERFECT FLOOR (TW) LTD A.D.S…
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The Government has announced a new Covid-19 business loan scheme as part of its budget announcement. The new scheme called the Recovery Loans Scheme replaces the Bounce Back Loan and Coronavirus Business Interruption Loan Scheme, which have paid out nearly £73 billion to British businesses. The Recovery Loan Scheme will launch on 6th April 2021,…
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Chancellor Rishi Sunak has announced the extension of several Covid-19 support schemes until the end of September, including the furlough scheme, self-employed income and an extension of the universal credit uplift as part of his budget announcement. In response to the budget debt charity StepChange says that the budget announcement extends much-needed support for people…
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