Credit, Collections & Insolvency News
As households are hit by unprecedented levels of inflation, the latest update to Lowell and the Urban Institute’s Financial Vulnerability Index (FVI) has shown that households increased borrowing despite interest rate rises to meet the inflated cost of food and energy bills. The reaseach shows that: Credit usage increases as households battle inflation – The…
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Between April and June 2022, the number of households falling behind on their utility bills grew by 14% (295,000), to hit 2.7 million, or one in 10 UK households, according to new figures released by credit reference agency Equifax. On 1st April 2022, Ofgem increased the energy price cap from £1,277 to £1,971. In the…
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In August the following administration notices have been issued and advertised in the London Gazette for the following companies: 9 WHOLESALE LTD ACCESS COMMERCIAL INVESTORS 4 PLC ALITECH PRECISION LTD ALMONDSBURY CARE LTD AQUAHEAT PLUMBING HEATING AND GAS SERVICES LTD ARDULA LTD AROMAWORKS LTD AURORA DISTRIBUTION LTD AURORA LTD AVNI KENSINGTON HOTEL LTD AWESOME MERCHANDISE…
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Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in August: 00510285 REALISATIONS LTD (FORMERLY GISSING & LONSDALE LTD) 07836 LTD 1 STOP SCHOOL SHOP LTD 10 XL (EUROPE) LTD 100 MODE CONSULTING LTD 100ANDEIGHT LTD 119 TSG LTD 17MEDIA LTD 1CA LTD 2 CLICKS…
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In August Winding Up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: 122 LR LTD 1ST MAINTENANCE LTD 3 G TRADE AND SERVICES LTD A.B.G. ELECTRICAL & MECHANICAL SERVICES LTD. ABACUS FINANCIALS LTD ABC ENGINEERING LTD ABP (LONDON) INVESTMENT LTD ABSTRACT LONDON LTD ACCIDENT & INJURY HELPLINE LTD…
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Lowell Group has announced that it has appointed Clodagh Gunnigle as Non-Executive Director (NED) to the company’s UK board. As part of her role at Lowell, Gunnigle will become Chair of the UK Audit and Risk Committee. Gunnigle brings with her a wealth of experience and knowledge in global financial services and consumer credit, having…
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Over 12 million households (42%) across the UK face fuel poverty this winter, according to a forecast by the End Fuel Poverty Coalition. The estimates take into account support announced by the Government so far and are historically reflective of the definitions of fuel poverty used in official statistics. From the price cap rise on 1st…
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Phillips & Cohen Associates (PCA) has announced that it has appointed Janneen Jackson to lead the latest of PCA’s technology launches, The Debt Settlement Registry (powered by SettleNOW). PCA’s proprietary platform, The Debt Settlement Registry (DSR) provides creditors and debt settlement agencies (DSA’s) access to streamlined and strategic oversight of consistently growing debt settlement portfolios.…
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