Credit, Collections & Insolvency News
New figures released by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) fell by 16% in January 2021 compared with the same month in 2020. The plant and machinery finance sector reported a fall in new business of 3% in January compared with the same…
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New figures released by the Finance & Leasing Association (FLA) show that second charge mortgage new business volumes fell by 40% in January 2021 Commenting on the latest new business figures for the second charge mortgage market, Fiona Hoyle, Director of Consumer & Mortgage Finance and Inclusion at the Finance & Leasing Association (FLA), said…
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Almost 10,000 chain stores disappeared from UK retail locations in 2020. In total, 7,655 shops opened, compared to 17,532 closures, a net decline of 9,877, according to PwC research compiled by the Local Data Company (LDC). Although a decline was to be expected in a pandemic this is the worst ever seen with an average…
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Analysis of the latest debit card data from Lloyds Bank has found that as the UK approaches one year living with Covid-19 pandemic restrictions, 55% of customers’ money was spent online by the end of February 2021, compared to 38% in February 2020. For those who continue to spend away from their homes, the median…
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Esme Loans, NatWest’s standalone digital lending platform for SMEs and scale-up businesses, has announced that it will close. Launched as a pilot by NatWest in early 2017, Esme Loans offered an alternative financing option for SME customers looking for faster, unsecured business loans for a wide range of business purposes, alongside its range of conventional…
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PCB Litigation and Byrne and Partners have announced that both companies will merge on 1st April. The deal will bring together two dispute resolution specialist firms to create PCB Byrne. In a statement, the companies said that the merger will bring together two companies with many years of experience in dealing with complex UK and…
Read moreBegbies Traynor has agreed to buy insolvency practice David Rubin & Partners, in a deal worth up to £25 million. The company has announced that it has raised £22 million through equity fundraising to help pay for its acquisition of London and Guernsey-based David Rubin & Partners. David Rubin & Partners has a team of…
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Credit reference agency TransUnion has donated laptops to a number of schools local to its UK headquarters in Leeds, to aid families with remote learning. Manor Wood Primary, Primley Wood Primary, Harehill Primary, Guiseley Primary, Broadgate Primary and Beckfoot Upper Heaton were the six schools in the Leeds and Bradford area to receive a combined…
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