Credit, Collections & Insolvency News
Latest ONS data has found that the cost of living crisis has seen as a fifth of households go without heating. The research found that around one in twenty adults (5%) reported that they had run out of food and couldn’t afford to buy more in the previous two weeks amd that almost half (49%)…
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Accountancy firm, Azets has announced that its has appointed Richard Oddy, as a Director in its restructuring and insolvency team in Yorkshire. Oddy is a qualified accountant and licensed insolvency practitioner with 20 years’ experience in providing practical and relevant advice to business owners, management teams and their stakeholders. He offers specialist advisory services to…
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New data from Time Finance has shown the growing popularity of invoice finance amongst the B2B business community, with demand predicted to rise throughout the year as SMEs set out to stabilise their finances. The new insight shows that invoice finance is ranked highest amongst alternative finance solutions, with 32% of financial intermediaries stating that…
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StepChange has announced the appointment of Alex Pitcher as its new Chief Risk Officer, who will join the charity in June. Pitcher is currently leading credit reference agency TransUnion’s global risk management team and approach, having previously managed the UK risk function. StepChange says Pitcher’s wealth of experience will be crucial to supporting the implementation…
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The value of outstanding bank loans to SMEs fell by £14 billion in the last year, from £209 billion to £195 billion, with banking turmoil following the collapse of Credit Suisse and SVB threatening to further reduce access to funding according to ACP Altenburg Advisor. In contrast, loans to large businesses increased by £14.7 billion,…
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Experian has announced the launch of a new service called Support Hub gives disabled people and those with additional support needs an easy, one-stop portal to tell organisations what they need to access essential services The company is piloting a new solution that aims to help disabled people get easier access to essential services like…
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Debt advice specialist, Money Wellness has announced that it has formed a new strategic partnership with Rethink Mental Illness, following the company’s recent commission by Money Advice & Pensions (MaPS) to deliver free debt advice and debt relief orders in England. Rethink Mental Illness, the national charity which aims to improve the lives of people…
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Deceased account management business specialist Phillips & Cohen Associates (PCA) has announced that it has completed the acquisition of debt recovery and credit management services provider, Ardent Credit Services following approval from the Financial Conduct Authority (FCA). Ardent will now formally become a wholly owned subsidiary of PCA’s UK business. Adam Cohen, Co-Founder and Chief…
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The Government has announced new legislation which will aim to ensure businesses and consumers are protected from rip-offs and can reap the full benefits of the digital economy with confidence. Fake reviews that cheat customers, subscription traps that cost more than a billion pounds a year and new powers for the Competition and Markets Authority…
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