Credit, Collections & Insolvency News
The latest Lloyds Bank UK Recovery Tracker has shown that the delay in removing Covid-19 restrictions is putting hospitality firms under increased pressure. Eleven of the 14 sectors monitored by the Tracker reported faster output growth month-on-month during May, up from nine in April, as the UK moved further out of lockdown. The tourism and…
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Home credit provider Morses Club has said in a trading update that despite the ongoing pandemic the company has had an encouraging start to the new financial year after a steady increase in customer demand across all of its products both the home collected credit (HCC) and digital divisions. Latest company figures the first quarter…
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New data from FICO’s updated European fraud map shows that the UK achieved the greatest fall in card fraud monetary losses, dropping 7 percent and £46 million year-on-year. However, other nations among the 18 European countries studied did not fare as well. Overall, card fraud losses in these countries was reduced by €62 million. Matt…
Read moreThe Insolvency Service is taking action against businesses abusing Covid-19 pandemic financial support with a Director disqualified for 12 years and five other companies wound up in the public interest after fraudulently claiming COVID-19 business support. Raashid Khan has been disqualified as a company director for 12 years after fraudulently claiming £50,000 through the Bounce…
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