Credit, Collections & Insolvency News
The annual Football Distress Survey, conducted by business recovery specialist Begbies Traynor since 2012, has revealed a deceptively rosy picture of football club health, skewed by a number of Covid-related factors that cloak an undercurrent of rising debt and financial issues, pushed onto next season and beyond. None of the clubs in the English Football…
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Applications for mortgages in May 2021 are up 8% on 2019 levels, a pre-pandemic year, with just one month to go until the stamp duty holiday extension is phased from 30 June according to new industry data released by Experian. Applications from those under 30 have seen the biggest growth (+11%), and now represent a…
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The Joseph Rowntree Foundation (JRF) has warned that the country risks a two-tier recovery from the pandemic as new research highlights the disproportionate risks facing people who rent their homes. The temporary ban on bailiff-enforced evictions introduced in March 2020 and extended several times since, has provided much-needed security to renters at a time of…
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Sub-prime lender, Amigo has warned that it faces potential collapse after confirming that it will not appeal against a High Court decision that blocked a scheme to cap customer compensation. The firm said it would ‘consider all options’ noting that it is looking at an alternative scheme to manage the costs of customer compensation claims.…
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Together Financial Services has announced that it has appointed data-led integrated agency, Jaywing, to transform its onboarding processes and review all aspects of its acquisition journey following a competitive tender process. Together offers a portfolio of secured lending products, often working with ‘hard to mortgage’ properties or with individuals and companies who might struggle with…
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Insolvency Practitioners Association (IPA) has announced that its Chief Executive Officer (CEO), Michelle Thorp will be leaving the role. Thorp’s will join the Metropolitan Police as its Transformation Director. The IPA says that it will announce the appointment of an Interim CEO soon. Kevin Hellard President, Insolvency Practitioners Association said “Michelle Thorp will be leaving…
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Regional accountancy and SME business advisor Azets has announced the appointment of Chris Horne as its new Chief Executive Officer (CEO). The role includes overall responsibility for Azets and Blick Rothenberg, with over 160 offices across the UK and the Nordics. Horne became deputy CEO of Azets in February 2021 working alongside former CEO Dawn…
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The Money and Pensions Service (MaPS) has announced the launch of its ‘MaPS Standards’. MaPS says the standards have been developed by a wide range of subject matter experts. Through a considered and collaborative process, they set out the core principles for the effective delivery, quality and performance requirements of MaPS’ Debt Advice, Pensions Guidance…
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