Credit, Collections & Insolvency News
Catherine Brown, the former Chief Executive of the Food Standards Agency and current Chair of environmental charity Hubbub, has been announced as the first Chair of the Enforcement Conduct Board. The Board is a new independent oversight body for the civil enforcement sector and will act to drive up standards, improve the effectiveness of enforcement…
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Subprime lender, Morses Club, says its Home Collected Credit (HCC) division traded well in the 52-weeks to 26 February 2022, despite an increase in complaints submitted by claims management companies. In its latest trading update, the business said its pre-tax profits will be up to 30% lower than expected. The company stated that its Home…
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January 2022 saw yet another rise in the number of corporate insolvencies, as UK companies continue to face a number of challenges on the back of the Covid-19 pandemic. According to recently published Government data, 1,560 company insolvencies were registered in January 2022, more than double the number in January 2021 (758). This figure is…
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Worrying indicators for the UK’s finances have come into full effect over December and January with households facing soaring bills, according to the February 2022 Money Statistics, produced by The Money Charity. Forecasts of a challenging winter for household budgets have come to fruition in the early months of 2022. With the inflation rate (CPI)…
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