Credit, Collections & Insolvency News
The Resolution Foundation says the Bank of England’s decision to hike rates to 4.5% will mostly impact young families. The Foundation notes that the Bank of England’s decision to combat high inflation by raising interest rates for the twelfth consecutive time to 4.5 per cent last Thursday – a rise of over four percentage points…
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Latest figures from the Office for National Statistics has shown that the economy fells 0.3% in March, but grew by 0.1% for the first three months of the year The services sector led the decline, falling by 0.5% whilst the production sector grew by 0.7%, the strongest read since May 2021. Construction was up 0.2%.…
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Investigations launched by the Insolvency Service into directors of insolvent companies for alleged misconduct have risen 36% from an average 142 per month in 2021/22 to an average of 193 per month between April 1 and December 31 2022, shows data from international law firm, RPC. The increase in investigations is partly driven by insolvency…
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Assetz Capital has announced that it has appointed Andrew Fraser as its Chief Commercial Officer. The company recently announced its institutionally funded lending strategy and its move away from retail funding of its lending. The 10-year old alternative lending platform has continued to focus on its core areas of expertise including ground up residential housebuilding,…
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