Credit, Collections & Insolvency News
The Lending Standards Board (LSB) has stepped in and made further updates to the Contingent Reimbursement Model Code (CRM Code) in a bid to stamp out Authorised Push Payment (APP) scams before any money changes hands. The LSB has published updates to the Code, requiring signatory firms receiving scam payments to play a greater role…
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The National Institute of Economic and Social Research (Niesr) has predicted that the UK is likely to avoid a recession this year. Niesr says that the UK will likely avoid a protracted recession in 2023, but GDP growth is set to remain close to zero. However, with the cost-of-living crisis having a lasting effect on…
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Annual from the Insolvency Service for England & Wales have shown that there were 118,851 seasonally adjusted personal insolvencies in 2022, an increase of 8% on 2021’s figure of 110,044, rise of 6.5% on 2020’s figure (111,571) and a fall of 2.2% compared to pre-pandemic levels in 2019 (122,148) One in 399 adults (at a…
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Annual quarterly figures from the Insolvency Service have shown that there were 22,109 business insolvencies in England & Wales in 2022. This was an increase of 57.3% from 2021’s figure of 14,059, an increase of 75% on 2020’s figure of 12,632, and an increase of 28.8% on 2019’s figure (17,164). One in 202 active companies…
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In January the following administration notices have been issued and advertised in the London Gazette for the following companies: 4 SEASONS BEER TENT CO LTD ACCOUNT TECHNOLOGIES SOFTWARE LTD ADDSPACE FURNITURE LTD AIMROK LEICESTER INVESTMENT LTD ATMOSVR LTD BDBUILD LTD BLUEFISH OFFICE PRODUCTS LTD BLUESPOT FURNITURE LTD BOXVN LTD BRIERSTONE LTD BRINKLOW MARINA LTD BRIT-POL…
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Due to factors from the past few years, including the pandemic and increased digital transformation, customer expectations have heightened – and being able to offer omnichannel customer service has never been more important. Customers expect faster, more personalised communication, whether that’s in first call resolution, relevant cross-sell or upsell offers, and more. However, organisations are…
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The Finance & Leasing Association (FLA) has announced it has appointed Helen Lumb, Chief Finance Officer at Shire Leasing, to the FLA board. Stephen Haddrill, Director General of the FLA, said “I am very pleased indeed that Helen has joined the Board. Her expertise and sector perspectives will be much valued as the industry works…
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Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in January: 0001AG LTD 21ST CENTURY CONTRACTS LTD 2A PILATES LTD 3 G HOMES LTD 3STYLE SCOOTERS LTD 4 SITE CONSTRUCTION LTD 4C GROUP LTD 4SI HEALTH LTD 5D BIOMASS LTD 5QTECH LTD 917521 LTD A…
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In January Winding Up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: 11 MANOR ROAD LTD ABS RESTORATION LTD AEROSAX RESEARCH & TECHNOLOGY LTD AFRICA SHIPPING SERVICES LTD AGENDA RECRUITMENT LTD AJL PLANT HIRE LTD AL LAW & ASSOCIATES LLP ALL ASPECTS FIRE PROTECTION LTD ALPHA-ONE SECURITY SERVICES…
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Operational transformation and business processing specialist Target Group has announced that Katherine Bowen has been promoted to Chief Financial Officer (CFO) Bowen, who joined the firm almost 5 years ago, has risen through the ranks during her time at Target Group. She joined as a Finance Business Partner and has since progressed to the top…
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Global information and insights provider TransUnion has appointed Neil Bentley as General Counsel in the UK. Bentley will lead the legal, risk and compliance, as part of the UK executive team. Having joined the business in 2006, Bentley has an in-depth knowledge of the UK operations and has previously managed both the legal transactions and…
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