Credit, Collections & Insolvency News
A new survey by YouGov for StepChange Debt Charity finds that 45% of all British adults, equivalent to 23 million people, have found it difficult to keep up with household bills and credit commitments in the last few months, up from 30% in October 2021 and 15% in March 2020. The figures mean the number…
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The average rate on a two-year fixed-rate mortgage has now reached 6.07%, according to Moneyfacts, the first time the average rate has breached the 6% mark since November 2008. The impact in the financial markets following the Government’s mini-Budget saw lenders withdraw a record number of deals, but some banks and building societies are now…
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Digital lender, Jaja Finance has become the UK’s first credit card provider to partner with Plain Numbers. At a time when consumers across the country continue to feel the squeeze as the cost-of-living soars and economic uncertainty intensifies, Jaja’s new three-year partnership with Plain Numbers is a commitment to helping customers understand and manage their…
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The cost of living crisis is forcing families to sell their cars according to research by Startline Motor Finance. Almost one in four (23%) say they already or are going to reduce the number of cars in their family while 61% say that tightening personal finances have changed their attitudes to car ownership for the…
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More than 733,000 retirees across the UK are preparing to return to work as the cost-of-living crisis escalates, according to new research by My Pension Expert. The research found that, for 12% of those in retirement, rising inflation has ‘upended’ their retirement plans. More than a third (34%) of UK retirees are worried they will no…
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New research by Santander has indicated that 80% of smaller firms are struggling to compete with the lower prices offered by larger firms, meaning 72% are losing customers. While 73% believe the current economic climate is making it harder than ever to compete, 69% said they have no option but to increase their prices. The…
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The Insolvency Steering Group has announced that it has appointed diversity and 19 inclusion champions. Supported by R3 and the Insolvency Service, the new champions hail from organisations across the insolvency and restructuring landscape, from insolvency practitioner firms and legal practices to regulatory bodies. Together they will act as role models and will have an…
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In September the following administration notices have been issued and advertised in the London Gazette for the following companies: 21K FOOTWEAR LTD 4 EARTH INTELLIGENCE LTD ADMIN ALL RETAIL LTD ARENA TOURS LTD ARJOWIGGINS CHARTHAM MILL LTD ARJOWIGGINS TRANSLUCENT PAPERS LTD ARRIVAL SERVICES LTD AURORA PROJECTS (UK) LTD AVONSIDE GROUP SERVICES LTD AVONSIDE ROOFING LTD…
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Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in September: (UK) CITY APARTMENTS LTD 1 RAPID CLINICS LTD 24 TRANSPORT SERVICES LTD 4DETELINA LTD 4PMO LTD A & A RESTAURANTS MIDDLESTOWN LTD A GJOKA LTD A.S.A. TRADING (UK) LTD ABC ENGINEERING LTD ABSOLUTE RESIN…
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In September Winding Up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: 1 RAPID CLINICS LTD 161 PROPERTIES LTD 4PUBLIC SECTOR LTD A & S WHEELS LTD A W CLEAVER HAULAGE LTD A.B.V SOUTHEAST LTD ACCENTIA FRANCHISE CONSULTANTS LTD ACCURATUS GREEN LTD. ACTIMUS LTD ACTION FIRST MARKETING LTD…
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