Credit, Collections & Insolvency News
Firms anticipating higher employment in the year ahead reached its highest level since December 2018, with the net balance climbing 3 points to 17% according to the Lloyds Bank Business Barometer. This is the fifth consecutive increase, rising strongly from the -12% level in January and reflecting the fact that more than a third of…
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Debt management software provider, Flexys Solutions has announced the appointment of Beth Abbott-Stratford to the role of Chief Financial Officer. Abbott-Stratford joins Flexys at a time of significant growth and will oversee the financial management of the company and help to drive its growth plans. Her appointment is part of a programme of expansion that…
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Here is an overview of The Money Charity’s latest statistics for June 2021 Personal debt in the UK People in the UK owed £1,714.4 billion at the end of April 2021. The average total debt per household, including mortgages, was £61,509 and per adult was £32,355, around 108.7% of average earnings. Net mortgage lending rose by…
Read moreLender, Non-Standard Finance, (NSF) has reported a normalised loss before tax of £35.2 million, a fall of 339% in its audited full year results to 31st December 2020. Normalised revenue was down 11% to £164.1 million (2019: £183.7 million) and reported revenue down to £162.7 million (2019: £180.8 million). The Covid-19 pandemic had a severe…
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Two-thirds (63%) of UK financial services companies now use alternative data to improve decision making according to new research by Oxylabs. The research showed that over a quarter (26%) note their data needs have increased significantly since 2020 with interest in alternative data acquisition has increased almost threefold over the past year. The research revealed…
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Broker firm, Just Mortgages, has announced the recruitment of almost forty new brokers in the past month. Nineteen brokers have graduated from Just Mortgages most recent training academy to join its employed division. These brokers enter the business from varied backgrounds, including banking and estate agency and will be based in its extensive estate agency…
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