18th February 2022 - Credit Connect

Foundation Home Loans appoints two Managing Directors

18th February 2022 Appointments | #appointments

Foundation Home Loans, the intermediary-only specialist lender, has announced the appointment of two Managing Directors within the business with George Gee becoming Managing Director (Commercial) and Kelly Pallister as Managing Director (Operations). Gee has been with Foundation for six years in a variety of roles, most recently as Commercial Director. He had previously been with…

Cost-of-living crisis spreads impacting three-quarters of households

18th February 2022 Consumer Collections | #cost of living

The extension of cost-of-living costs is impacting three-quarters of households new ONS fortnightly data has revealed. In the first half of February, 76% of people said their cost of living had risen in the previous month, up from 69% in the second half of January. The most common price rise they mentioned was the increasing…

Sigma Connected and Vanquis agree new customer service contract

18th February 2022 Company News | #partnership

Sigma Connected, a provides customer contact services for the finance, utilities, telecommunications and retail sectors, has announced that it is celebrating a 10-year partnership with credit card and personal finance specialist Vanquis, part of the Provident Financial Group, by taking on a new and additional contract to provide customer services to oversee the firm’s credit…

Businesses using cash management spreadsheets twice as likely to have overdue invoices

18th February 2022 Commercial Collections and Recoveries | #credit management

A new global survey has found that businesses using spreadsheets for cash management are twice as likely to have a high number of overdue invoices according to new research by Sidetrade. The research revealed that 42% of finance teams still heavily reliant on spreadsheets reported a high ratio of late payments overall (15%). Conversely, this…

Covid impact creates £114.8bn damage to hospitality industry

18th February 2022 Commercial Credit Management | #pandemic

The hospitality sector has urged the Chancellor to extend VAT support beyond April, with industry body UKHospitality saying the pandemic had resulted in almost nearly £115bn of lost sales for its businesses since March 2020. The sector was hit first and hit hardest by coronavirus, the sector has racked-up £114.8bn sales lost versus what was…

Dancerace expands Accounts team

18th February 2022 Appointments | #appointments

Dancerace has announced that it has strengthened its commitment to customer service with new Account team members. Louisa Templeton joins the company’s UK team as Product Specialist. Formerly of Aldermore Bank, Nucleus Commercial Finance and Bibby Financial Services, Templeton also brings 18 years of finance experience to the company. Alison Lawrence joins the company’s Australian…

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