4th March 2022 - Credit Connect

High profile companies permanently removed from Prompt Payment Code over late bill payments

4th March 2022 Commercial Collections and Recoveries | #late payment

Five high profile companies Diageo Scotland, Diageo Global Supply IBC, Diageo Northern Ireland, Diageo Great Britain and Unilever UK have been formally removed from the Prompt Payment Code (PPC) after failing to honour their commitments. The voluntary code requires companies to pay 95% of invoices within 30 days to their small suppliers and pay 95%…

Pandemic has had a very distinct impact on the progress of people seeking debt advice

4th March 2022 Arrears and Recoveries | #debt advice

The Covid pandemic has had a very distinct impact on the progress of people seeking debt advice, according to research by StepChange. The debt charity measured the impact of debt advice on clients – primarily on progress on resolving debt, but also wider measures such as wellbeing – through surveys undertaken at three months, nine…

INSOLVENCY NOTICES: Appointment of Administrators – February 2022

4th March 2022 Business | #insolvencies

In February the following administration notices have been issued and advertised in the London Gazette for the following companies: 1 CHIL (F1) LTD 146 TR LTD 152A LR LTD 152S LR LTD 154A LR LTD 154B LR LTD 154S LR LTD 16 CTR LTD 17 CTR LTD 20 – 24 LR (CH) LTD 20-24 LR…

LIQUIDATION NOTICES: Creditors Voluntary Winding-Up – February 2022

4th March 2022 Business | #insolvency

Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in February: 0 DAYS OFF LTD 100 HANDS LTD 10729736 LTD 11 ENTERTAINMENT LTD 123 TRAVEL LTD FORMERLY KNOWN AS HOLIDAY WITH US (SPALDING) LTD 1ST BUSINESS ENERGY LTD 21ST CENTURY SIGNS AND DESIGNS LTD 365…

INSOLVENCY NOTICES: Winding Up Petitions – February 2022

4th March 2022 Business |

In February Winding Up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: 15:17 LTD 4PROPERTYUK LTD ACE RETAIL LTD AERPART HOLDINGS LTD AFC GLOBAL LTD AKT ASSET HOLDING LTD ALEXANDRA ASSOCIATES (U.K.) LTD AMTC LTD ANCHOR PROPERTY DEVELOPMENTS LTD ARABELLA BESPOKE INTERIORS LTD ARTIC COOL LTD ASHER HOLDINGS…

Students face paying extra £28,000 towards their loans

4th March 2022 Arrears and Recoveries | #student loans

The largest student loan reform since 2012 will reduce the cost of loans for high-earning borrowers but increase it for lower earners with graduates face paying extra £28,000 towards their loan over their lifetime according to new analysis by the Institute of Fiscal Studies (IFS) Starting with the 2023 university entry cohort, graduates will pay…

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