Credit, Collections & Insolvency News
Tax and business advisory firm Azets has announced that it has acquired Moore South’s restructuring & insolvency (R&I) team. As part of the deal, current leaders of Moore South’s R&I practice, Duncan Swift and Chris Tate, will move to Azets. The acquisition includes the team’s current clients and will enhance Azets’ restructuring and insolvency national capabilities established…
Read more
Provident Financial customers can now claim compensation for mis-sold loans after the High Court backed a partial repayment scheme. The company has set aside £50 million to meet claims from borrowers who were sold unaffordable loans. The Court agreed to the scheme despite the fact that customers will not get a full refund after the…
Read more
Furlough and forbearance measures helped the UK avoid the spike in loan defaults that were expected at the start of the pandemic, but as they are phased out this year, a recent surge in payment holidays for unsecured loans suggests one in ten borrowers are still concerned about maintaining repayments according to new analysis by…
Read more
The Student Loans Company (SLC) has appointed Audrey McColl to its Executive Leadership Team and Board as Chief Financial Officer (CFO). The Chief Financial Officer is responsible for the Finance, Commercial and Enterprise Risk and Compliance teams to ensure that SLC operates within its agreed budget, has robust risk management and compliance procedures and that…
Read more
The average number of tenants in rent arrears is at its lowest level for ten years research by Paragon Bank has found. The Bank has highlighted that in Q2 2021 each landlord surveyed had an average of 1.3 tenants with outstanding rent payments. This is the lowest number since Q1 2011 when research agency BVA…
Read more
In July the following administration notices have been issued and advertised in the London Gazette for the following companies: 24 LIVE UK LTD ADEO CONSTRUCTION SERVICES LTD ADRECK DIAGNOSTICS LTD ADVANCED GLASS FACADES LTD ALUMINIUM FRANCE INDUSTRIES UK LTD ARVIA TECHNOLOGY LTD AVANTA LONDON LTD BITUMINA INDUSTRIES LTD BRISTOL & LONDON PLC CALVERLEY HOUSE LTD…
Read more
Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in July: “SKELBKITES” ADVERTISING LTD 1 THIRTY3 DESIGN LTD 1ST CALL LOCKSMITHS LTD 1ST CHOICE MANAGEMENT SERVICES LTD 1ST SCAFFOLDING (UK) LTD 2EDDIES TRAVEL SERVICES LTD 3 PIERS BREWERY LTD 5 STAR SITE SERVICES LTD 54…
Read more
In July, Winding Up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: ABBEY FENCING LTD ACOS FE LTD ACUMEN GROUP LTD ADDINGTON EQUESTRIAN 2019 LTD AG SAFEBOOTHS UK LTD AVONHALE LTD BEASONS CONSTRUCTION AND DEVELOPMENT LTD BPL BUILD LTD BUSINESS BRAIN LEADERS LTD COUNTRY BUILD SW LTD DELTA…
Read more
Digital identity specialist GBG has launched RapID, an identity verification solution for small businesses. The solution has been specifically designed to help these businesses cope with the digital acceleration caused by Covid-19 and will help them improve the customer onboarding process and remain compliant. Many small businesses are still undertaking their identity verification checks manually,…
Read more