Credit, Collections & Insolvency News
Both the Insolvency Practitioners Association (IPA) and ICAEW have issued updates around the approved changes to SIP 3 that take effect from 1st March 2023. The revised SIP 3.1 will apply to #ivas where the Nominee is appointed on or after 1st March 2023. SIP 3 was previously reviewed in 2021, but progressed stopped when the FCA introduced CP21/30 (Debt…
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Improving the energy efficiency of the UK’s buildings will permanently bring down energy bills for households and boost energy independence, say four leading associations. Energy UK, the Local Government Association, the Federation of Master Builders and the National Housing Federation are calling on the Government to continue to prioritise energy efficiency as a core solution…
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Latest Office for National Statistics (ONS) figures shows that tenants renting from private landlords have seen the highest rise in rents since comparable records began seven years ago. Rents rose 4% last year as landlords passed on the costs of higher mortgage rates. A poll of tenants surveyed in December saw a quarter say their…
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The Government has been criticised for failing to collect £42bn in unpaid tax from businesses and individuals. The Public Accounts Committee (PAC) says HMRC is still not deploying the resources required to maximise the tax revenues it collects or provide an acceptable level of customer service. At a time of huge strain for the public…
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Over 70% of UK organisations that offer contact centre services are failing to implement new ways of communicating with their customers, new research by Sigma Connected and Arum has found. Despite a rise in the use of digital technology, the study showed that seven out of ten UK firms don’t look for alternative ways to…
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The World Bank has warned that the global economy is perilously close to falling into recession, pointing to higher inflation and interest rates among the factors that could hit growth. The World Bank expects the world economy to grow by 1.7% this year, this down from the 3% it predicted in June. Growth of 1.7%…
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Guaranty Trust Bank has been fined £7,671,800 over serious weaknesses in its systems and controls designed to prevent money laundering. The Financial Conduct Authority found serious weaknesses in its anti-money laundering (AML) systems and controls between October 2014 and July 2019. During the relevant period, GT Bank failed to undertake adequate customer risk assessments, often not…
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In December the following administration notices have been issued and advertised in the London Gazette for the following companies: 8 BALL MAIL ORDER LTD AINSDALE PRESTIGE AUTOMOTIVE LTD ALBANY BRENT GROUP LTD AMARA LIVING LTD AMPLIFY LTD AR (SURVEYORS) LTD ARTHOUSE HOLDING LTD ARTHOUSE LTD ASK PRODUCTS LTD ASPIRE DEVELOPMENTS PARTNERSHIP LTD AUTO CAR SOR…
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In December Winding Up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: 17 CIVILS LTD 21ST CENTURY CONTRACTS LTD 229CREATIVE LTD A & S TILING LTD ABINGDON OAK BUILDINGS LTD ACE DELIVERY SOLUTIONS LTD AD CONTRACTORS LTD ADANZZ LTD ADRIAN VICOL LTD AGHP LTD ALIQ LTD ALPHADEAN 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 December: 1080 LONDON LTD 18 DESIGN & BUILD LTD 1ST CHOICE WINDOWS NE LTD 1ST FIX MAINTENANCE SERVICES LTD 1UPSEARCH LTD 23 HOPE STREET LTD 32 ENTERTAINMENT LTD 36-44 LODGE ROAD LTD 360 CAPITAL CONSULTANCY…
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