Credit, Collections & Insolvency News
New research by KPMG has found that one in ten consumers say they are using credit more so far in 2023 and has indicated how households may respond if they no longer receive energy bill support payments from April. The Government’s Energy Bills Support Scheme provided a monthly discount of around £67 from October through…
Read more
The Government has announced a new crackdown to prevent illegal migrants from accessing bank accounts. The change will make it more difficult for unlawful migrants to access financial services is an important tool to help deter illegal migration by preventing people from working illegally and profiting from services they are not entitled to. Having access…
Read more
Global insolvencies are set to surge by 21% in 2023 and 4% in 2024, while insolvencies in the UK are expected to increase by 16% and 9% in the same period as businesses are tested by weak demand, prolonged pressure on profitability, weaker cash buffers and tighter-for-longer financial conditions, according to latest analysis by Allianz Trade.…
Read more
According to the latest CIPS data, the headline UK Construction Purchasing Managers’ Index (PMI) fell to 50.7 in March, down from 54.6 in February. House building was the weakest performing area at 44.2 (down from 47.4 last month) recording the fastest decline in housing activity since May 2020. Civil engineering boosted the sector showing the…
Read more
Money Wellness has announced a partnership with Young Enterprise to deliver money management workshops to children at Sale High School in Trafford. Under the initiative, Money Wellness will send four specially trained volunteers to Sale High School to educate and help equip pupils with the knowledge, skills and confidence to manage their money well both…
Read more
New research by Fairer Finance has found that the majority of consumers are baffled by the most basic terms of their credit agreements, like how much interest they’ll be charged. Fairer Finance says that to protect consumers from being hoodwinked by credit providers, the Consumer Credit Act prescribes the information a company must give consumers…
Read more
In March the following administration notices have been issued and advertised in the London Gazette for the following companies: 11D REALISATIONS LTD ABS RESTORATION LTD ABSOLS LTD ACCOUNT TECHNOLOGIES HOLDINGS LTD ACCROFAB LTD ACKIO (UK) LTD AIRTEK WORLD LTD ALLTEKS LTD ALOMORA GROUP LTD AQUILA FACILITIES LTD ARM AUTOMOTIVE YORKSHIRE LTD ASK INCLUSIVE FINANCE LTD…
Read more
In March Winding Up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: 4D ELECTRICAL SERVICES LTD 7DJ LTD 9CK SPORTS HOLDINGS LTD A 2 Z RUG LTD A HAMILTON CONSTRUCTION LTD A3 MANAGEMENT LTD ACCOUNTING SUPPORT SERVICES LTD ADVANCE MACHINING SOLUTIONS LTD ADVANCED MECHANICAL PROJECTS LTD AFP REALISATIONS…
Read more
Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in March: (STAFFS) DRIVEWAYS LTD 06442711 LTD 1 MOMENTO BARNSLEY LTD 10TH FLOOR IT CONSULTING LTD 118 PORTLAND ROAD LTD 121 SYSTEMS LTD 1ST ELITE TRADING LTD 1ST FITTINGS LTD 2050 ENGINEERING LTD 21 DEGREES DIGITAL…
Read more