Credit, Collections & Insolvency News
The pandemic has taught us many things and changed habits forever, with our desire for online shopping – whether it’s the weekly shop, take-aways or retail therapy – being an irreversible trend. This desire for convenience is also shaping the way we approach buying big-ticket items, such as cars. Recent research by car comparison website,…
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Vanquis Bank has announced a partnership with SQA Consulting to help combat financial crime. By introducing an Elimination Algorithm, UK credit card provider Vanquis, part of the Provident Financial Group, plans to reduce its manual processes and increase efficiency, whilst saving huge amounts of time previously spent processing false-positive alerts. Following compliance testing and a…
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Audit, tax and consulting firm RSM has appointed Lee Lockwood as a Partner in its Restructuring Advisory team in Leeds. Lockwood joins RSM from Begbies Traynor where he gained over 13 years of experience working alongside large corporates; lenders; and other stakeholders, advising on a range of restructuring and distressed situations. He also ran a…
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Latest figures from the Insolvency Service have indicated a 22% fall in business insolvency rates across England & Wales. The figures show that business insolvencies fell by 7.2% to 925 in April 2021 compared to March’s figure of 997, and fell by 22.9% compared to April 2020’s figure (1,199). In April 2021 there was a…
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Latest figures from the Insolvency Service have indicated that personal insolvency numbers across England & Wales fell by 9.9% to 9,859 in April 2021 compared to March’s figure of 10,941, and were 5% lower than April 2020’s figure of 10,394. The figures show that there were 1,425 DROs and 812 bankruptcies. The bankruptcies were made up of 739 debtor applications…
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Scottish personal insolvencies figures continued to decline in March 2021 according to the latest figures released by Accountant in Bankruptcy (AIB), Scotland’s Insolvency Service which administers company liquidations and receiverships in Scotland. The number of personal insolvencies numbers declined. The figures showed that there were 7,291 personal insolvencies in the 12 months to April 2021…
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Latest figures released by Accountant in Bankruptcy (AIB) have indicated that Scottish business insolvencies continued to remain low in April 2021. In April 2021 there were 38 company insolvencies registered in Scotland this was 17% lower than in April 2020 and 63% lower than in April 2019. The figures comprised of 9 compulsory liquidations, 28…
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Latest statistics from the Insolvency Service have shown that Northern Irish personal and business insolvencies numbers are continuing to fall. Overall number of personal and business insolvencies have continued to remain low since the start of the first UK lockdown in March 2020 In April 2021 there were 226 personal insolvencies in Northern Ireland which…
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A new debtor tracing service has been launched. DebtTrace is a new 24-hour service that can be used to locate a debtor on a compliant and legal basis. The company says that it has designed the tracing service to be highly effective and claims to have a 98% tracing success level, guaranteeing that creditors have…
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