Credit, Collections & Insolvency News
Customers in need of financial support are more also more likely to have poor mental health according to research by Ofwat. The research showed that those who struggle with their mental health find it much harder to ask for help with bill debt, creating a vicious circle for people in need of support exacerbated by…
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New figures from the Ministry of Housing, Communities and Local Government have shown that council tax arrears in England have risen to £4.4 billion. The figures show that In 2020-21 local authorities collected a total of £32.2 billion in council tax. This was an increase of £0.6 billion, or 1.9%, over 2019-20. This is lower…
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The Chartered Institute of Credit Management (CICM), the world’s largest professional credit management organisation, has appointed former 20th Century Fox and last minute.com Executive, Beverley Ewens-Davey MCICM, as Operation Transformation Lead. In her new role, Ewens-Davey will help drive the growth and extend the reach of the Institute on a national and international basis, taking…
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Business advisory firm Quantuma has announced that it expanded its forensic accounting and investigation team in Scotland with the appointment of David Bell as Managing Director. Bell has over 15 years of forensic accounting experience, having acted in a variety of civil, criminal, and commercial disputes. He is an experienced expert witness, a member of…
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Swoop Funding has announced a partnership with BNP Paribas Asset Management which will enable it to offer unsecured loans of up to £5 million to SMEs. Swoop says that its offering fills a gap in the market for SMEs that need to secure debt funding to support growth without having to provide collateral. These loans…
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With restrictions starting to relax and the sun beginning to shine, it is possible to think that the worst of the coronavirus pandemic is behind us. Although we all hope this is the case, for many SMEs now is just the beginning of coming to grips with the effects of coronavirus. For thousands of businesses,…
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New research from the Institute of Directors (IOD) has suggested that business optimism is at its highest since the IoD began recording its member’s confidence in July 2016. Directors’ optimism in the economy is at its highest since just after the 2016 Brexit referendum; it moved further into positive territory over Q2 (+27 in June,…
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