Credit, Collections & Insolvency News
Credit management services company Intrum has completed the acquisition of the Capquest and Mars UK servicing platforms from European fund manager Arrow Global. The deal also includes a portfolio investment of 50 per cent of Arrow’s UK unsecured consumer back book portfolio, for a cash consideration of £92 million. The purchase means Intrum has taken…
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ApreiData has announced that it has appointed Ed Adshead-Grant as a Non-Executive Director. Adshead-Grant has over 25 years’ experience in the payments and technology sector, scaling businesses and expanding SaaS products at leading IT software and service companies in over 30 countries. He has held a number of global strategy, product, business development and client…
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Research from Freedom Finance has revealed that the growing demand for consumer credit is being underpinned by a move for consumers to consolidate debt. The analysis found that forty-one percent (41%) of all people who searched for a loan through Freedom Finance’s platform in April 2023 were looking to consolidate debt. The second most common reason…
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The Institute of Directors (IoD) Directors’ Economic Confidence Index, which measures business leader optimism in prospects for the UK economy, stabilised at -6 in May 2023, little changed from the previous month’s value of -5 and ending a five-month climb from a low of -64 in November 2022. The current reading is a broadly neutral-to-negative…
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Analysis by Moneyfacts has found that almost 10% of UK mortgage deals have been taken off the market in the past week. The analysis comes after higher-than-expected inflation figures prompted concern over how much interest rates will increase. The research shows that nearly 800 residential and buy-to-let deals have been pulled. While the number of…
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A new study from Juniper Research has predicted that the value of digital prepaid card transactions will exceed $3.98 trillion globally by 2028, up from $528.7 billion in 2023. Juniper says that by 2028, the value of digital prepaid card transactions will represent just under 60% of total prepaid cards spend, up from 15% in 2023,…
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New industry-wide data shows just 29% of hospitality businesses feel optimistic about the next 12 months, with energy their biggest concern, prompting an alliance of trade bodies to once again make a plea for Government to direct energy suppliers to offer fair rates. The survey asked people running pubs, bars, restaurants and other hospitality businesses…
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Leading anti-poverty charities publish research showing that ending poverty is not just morally right – it’s also an economic imperative Scotland’s economy is missing out on up to £2.4 billion a year due to the UK and Scottish government’s failure to eradicate poverty – with billions more being spent tackling the consequences of poverty which…
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New research by Allianz Trade has found that 43% of exporters are expecting an increase in the risk of non-payment in 2023 (up from 27% last year). Globally, roughly 70% of companies expect business turnover generated through exports to increase year-on-year, down from 80% in the 2022 edition. In the UK, 83% of exporters expect…
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