11th August 2022 - Credit Connect

Mortgage arrears customer figures continue to fall

11th August 2022 Arrears and Recoveries | #mortgage arrears

The total number of customers in arrears with their mortgages continued to fall in the second quarter of 2022 according to latest UK Finance data. In absolute terms there were 530 more possessions in Q2 2022 compared with the same period last year, however the total for this quarter is approximately half the number seen…

Services sector responsible for spike in overdue invoices

11th August 2022 Commercial Collections and Recoveries | #late payments

The UK Services sector is responsible for the biggest month-to-month spike in overdue invoices last month according to new analysis by Sidetrade. UK Services companies saw the biggest month-to-month leap from June to July 2022 with over a quarter (26.8%) of supplier invoices issued to them being deemed overdue last month, compared to one-fifth (20.6%)…

Leonard Curtis makes appointment commercial finance division appointment

11th August 2022 Appointments |

Professional services group Leonard Curtis has announced that it has strengthened its UK operation with the appointment of Steve Jones to its Reach Commercial Finance division. With over 30 years of business lending experience, Jones has joined the London team to continue the growth of the commercial finance offering across London and the South East. A founding…

Time Finance appoint Broker Manager

11th August 2022 Appointments |

Time Finance has announced the appointment of Lauren Sharples as Broker Manager in its Asset Finance team, focussing on driving support for SMEs in London and the South East of England. Sharples joins with over 14 year’s experience in the Asset Finance and Leasing industry. She started her career at ING Lease UK in sales…

Over half of adults looking at ways to increase their income

11th August 2022 Consumer Collections |

As the cost of living crisis continues to squeeze the personal finances of many, research from Canada Life reveals over half (55%) of adults, equating to 28.9 million people, have implemented, or are looking at ways to boost their income. The top ways adults plan to increase their current income include selling unwanted belongings (36%), looking…

Businesses suffer reputational hit from supply chain disruption

11th August 2022 Commercial Credit Management |

A quarter of businesses experiencing upstream supply chain issues say their business reputation is deteriorating as a result. According to RSM UK’s ‘the Real Economy’ report, more than a third (38%) of businesses experiencing supply chain problems said they had seen an overall decline in customer satisfaction, while over a quarter (28%) said they have…

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