Credit, Collections & Insolvency News
Energy UK has written to the Chancellor of the Exchequer ahead of the new Prime Minister starting work next week, setting out possible measures which could help non-domestic customers facing steep rises in their energy costs. While domestic customers are facing a big increase in bills, which was confirmed by Ofgem’s price cap announcement last week, non-domestic…
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Business leaders warned Liz Truss on Monday that the new Prime Minister must take swift and bold action on rising costs or the economy will drift into worse territory. The Institute of Directors said members were crying out for clear direction from the Government Responding to the announcement of Rt Hon Liz Truss MP as…
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One Stop Invoice Finance, the most recent addition to One Stop Business Finance Group, has announced the appointment of Tracey Best as its new Operations and Risk Director Best joins the team from Aldermore and brings with her over 21 years of specialising in invoice finance, after working for both challenger and high-street banks. Lynn-Marie…
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European small and medium enterprises (SMEs) are suffering from significant payment issues, but lack a thorough understanding of the processes involved, new research Vodeno. The company commissioned an independent survey among 2,004 senior decision-makers in SMEs across the UK (504), Belgium (500), France (500) and the Netherlands (500). It found that just 37% of respondents…
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New figures from Lloyds Bank have shown a surge in the use of contactless debit card payments, with this method used in 87% of transactions in 2022 compared to 65% in June 2019. The rise in contactless payments as a preferred method has been driven by restaurant and health and beauty purchases, which both see…
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Analysis from Freedom Finance has found that membership of Credit Unions continues to rise amid a growing hunt for affordable credit products as the cost of borrowing rises sharply and the cost-of-living crisis worsens. The latest data from the Bank of England for the first quarter of 2022 finds that 1.93 million people in the…
Read moreThe Insolvency Service has announced that the up-front petition deposit fee paid by those initiating creditor bankruptcy and compulsory liquidation proceedings is rising from 1st November 2022. The Insolvency Service is introducing changes to the deposits paid to initiate creditor bankruptcies and compulsory liquidations. The petition deposit, the amount that needs to be paid up-front…
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TCN, a cloud-based call centre platform for enterprises has announced that ACT Credit Management, has selected TCN after an extensive search to find a complete contact centre solution. Russell Collins, Head of Compliance at ACT said “The service has been second-to-none, and the technical support provided by the TCN team is just one of their…
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