Credit, Collections & Insolvency News
Debt charity StepChange has announced that it will need to reduce its staff by 10% as part of company cutbacks. Phil Andrew, Chief Executive of StepChange announced the measures in a blog post on the company website. The charity’s funding structure is dependant upon advice volume and its income varying based upon market conditions. The…
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The number of delayed invoices owed to small businesses in the last 12 months , which, on average, totalled a staggering £130,445.05, will continue to hinder their recovery in the second half of this year, according to survey data from Dun & Bradstreet. The survey which polled 753 small businesses in the UK also found…
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Folkestone & Hythe District Council has awarded NSL, a Marston Holdings company, a three-year contract extension for the provision of parking enforcement and debt recovery services. Under this contract, which was originally awarded in 2017, NSL will continue to provide enforcement of on and off-street parking regulations, including the management of coastal car parks, special…
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Non-standard financial services provider, Morses Club has announced the appointment of Sheryl Lawrence and Michael Yeates as Independent Non-Executive Directors and the appointment of Gary Marshall, Chief Operating Officer, as Executive Director, effective 1st May 2021. Upon appointment, Sheryl Lawrence will become Chair of the Audit Committee and Michael Yeates will take up the position…
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BDO’s Midlands office has announced the has appointed a senior corporate finance specialist to head up its new asset-based lending (ABL) advisory service. Drew Johnson joins as Director from PNC Business Credit, where he worked as a Business Development Director, originating, structuring and executing SME, mid-market ABL transactions, ranging from £1m to £150m. He has 20…
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Intrum has announced that Alberto Marone has been appointed Managing Director for Intrum’s operations in Italy. Marone has been promoted from the position of Group Investment Director at Intrum. Marone has also been part of Intrum Italy’s senior management team, where he has covered the role of Head of M&A and Strategy for the joint…
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Business lender White Oak has announced the appointment of Natasha Powell as Director of Risk & Compliance. Powell will take the lead on managing the firm’s regulatory compliance risk framework as part of White Oak’s commitment to regulatory excellence. The role will involve identifying, assessing, and reporting on risks; providing oversight and challenge to the…
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Credit Connect’s hosted its first-ever Online Lending Technology Think Tank last week which saw lending strategies and the future of the sector discussed by thirteen leading professionals from a variety of lending sectors. The themes of fraud, open banking, credit risk and the future of lending were discussed by panellists and Chair Chris Warburton from…
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