Credit, Collections & Insolvency News
Begbies Traynor has announced that Scott Kippax has taken over the leadership at Begbies Traynor in Exeter following promotion. Kippax, a seasoned insolvency practitioner with over 20 years of experience in corporate restructuring and insolvency, He joined the firm in October 2020 and works with businesses across Devon and Cornwall offering a comprehensive suite of…
Read moreWater regulator Ofwat has outlined its view that levels of bad debt costs across the business retail market are exceeding 2% of non-household revenue. Ofwat has therefore decided a temporary increase in the maximum prices retailers are permitted to charge is warranted. Measures introduced since March 2020 to contain the spread of Covid-19 could lead…
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Starling Bank has agreed to a £50 million deal to acquire for buy-to-let mortgage group Fleet Mortgages. The deal is the first acquisition by the Goldman Sachs-backed start-up that is targeting an initial public offering within two years. Fleet Mortgages, based in Hampshire, focuses on providing mortgages to professional and semi-professional buy-to-let landlords, only via…
Read moreA new report from the Centre for Social Justice has unveiled a partnership between bailiff firms and debt advice charities to help people in ‘severe’ debt, which is a third higher than before the pandemic began, The bold plans to strengthen protections for households facing a post-pandemic tidal wave of debt have been brokered by…
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NewDay has launched, Bip, the UK’s first completely cardless consumer credit proposition. Bip has been designed around the customer, offering a fully digital credit experience that is simple to use, fully transparent on costs and with the customer in complete control. NewDay offers credit to a broad spectrum of UK customers, providing accessible credit to…
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Enforcement services specialist, Marston has been shortlisted as a top 20 organisation in the Investors in People’s (IIP) Platinum 250+ award category. The company was awarded Platinum IIP accreditation in 2020, a level that is achieved by only 2% of organisations assessed and demonstrates an organisation-wide, long-term commitment to consistently meeting the highest standards and…
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Tesco Bank has announced that all Tesco Bank Personal Current Accounts will close from Tuesday 30th November 2021. Tesco Bank’s Current Account was closed to new business in December 2019 and will now also close for existing customers. Tesco Bank will write to Current Account customers to inform them of the closure of their account…
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