Credit, Collections & Insolvency News
Latest figures from the Insolvency Service have shown that the number of business insolvencies in England & Wales for April 2023 fell by 15%. The number of registered company insolvencies in April 2023 was 1,685, 15% lower than in the same month in the previous year (1,988 in April 2022). Business insolvencies decreased by 31.8%…
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Latest quarterly figures from the Insolvency Service for England & Wales have indicated that personal insolvency numbers decreased by 21.4% in April 2023 to a total of 8,996 compared to March’s total of 11,447, and decreased by 8.1% compared to April 2022’s figure of 9,790. Personal insolvencies also decreased by 8.9% when compared to April…
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Latest figures from Accountant in Bankruptcy (AiB) have indicated that business insolvency numbers (liquidations and receiverships) in Scotland rose in April 2023. The figures showed that tthere were 114 business insolvencies registered in Scotland, 24% higher than the number in April 2022. The insolvencies was comprised of 41 compulsory liquidations, 64 CVLs and nine administrations.…
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Latest monthly statistics from the Insolvency Service have indicated that Northern Irish business insolvencies personal insolvencies have fallen. In April 2023 there were eight company insolvencies registered in Northern Ireland, this was 38% lower than April 2022. The business insolvencies comprised of four CVLs, two compulsory liquidations and two administrations. There were no CVAs or receivership appointments.…
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New research from Go.Compare has found that 3% of consumers will be paying for their holidays in 2023 using a credit card. In the research Go.Compare asked more than 2000 people about their holiday plans for 2023, where respondents were asked How are you planning to pay for any holidays you hope to go on…
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80% of consumers getting debt help say their mental health has affected their finances, according to a survey carried out by Money Wellness, Money Wellness surveyed their existing customers to find out how being in debt had affected their mental wellbeing and find out more about the link between mental health problems and money worries.…
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The average monthly rent outside London has now risen to more than £1,000 per calendar month (pcm) according to research by Hamptons with tenants typically paying 25% on top of what they were paying at start of pandemic. The research found that April 2023 marked a significant milestone in the rental market, as the average…
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Around one in five adults are struggling with bills and credit repayments, according to the Financial Conduct Authority (FCA). The analysis shows that the number of people burdened by these financial challenges has increased from around 7.8m (15%) in May 2022 to 10.9m (21%) in January 2023. The number of adults who missed bills or…
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Equipment finance specialist Kennet Equipment Leasing has announced a partnership with Leasepath, the cloud-first Intelligent Workplace Finance Origination (LOS) and Customer Engagement (CRM) platform built for asset finance1. Part of the Star Asset Finance network, Kennet has adopted the true cloud Leasepath platform across the entire enterprise, giving them a centralised hub to empower their…
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