Credit, Collections & Insolvency News
Manchester-based Money Wellness, an organisation offering free debt and wellbeing advice, is warning that the explosion in salary advance schemes, allowing employees to access their salaries before payday, is camouflaging a spiralling debt crisis. Salary advance schemes, also known as earned wage access, salary loans or payroll advances, are financial arrangements offered as an employee…
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With less than two months to go before the new Consumer Duty deadline, two-thirds (65%) of UK lenders admit they are yet to fully review the regulation requirements, according to new research from AI powered transaction analytics firm, Fuse. The FCA’s new Consumer Duty will come into force at the end of July 2023. It…
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Debt technolgy firm, Trustfolio, has announced that it has achieved certification to ISO 27001, the international Standard for Information Security Management Systems (ISMS). In order to achieve ISO 27001 certification, organisations are required to develop and implement a comprehensive set of policies, procedures, and controls to manage their information security risks. A key aspect of…
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Equity finance provision for SMEs fell sharply in the second half of 2022, according to the British Business Bank (BBB). The BBB said 2022 was a tale of ‘two halves’ with a record level of investment in businesses in the first two quarters followed by a decline driven by concerns about potential overvaluations and a…
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In a new report published on Government’s energy bills support scheme, the Public Accounts Committee says it took too long to get support to some of those most in need. While support schemes were introduced quickly, the Government did not have the bandwidth to make sure support reached all groups in a timely fashion. In…
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Over 50s in the UK have spent more than £4.4 billion on cars for their kids and grandkids over the past five years, according to the latest research from over 50s experts SunLife. SunLife’s new Life Well Spent report has revealed that 25% of over 50s – rising to 29% of retired over 50s – have given significant…
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Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in May: 1-2-1 REFERRALS LTD 187 MILES LTD 2010 OPTICS LTD 23RD STREET FOODCHAIN LTD 24/7 FITNESS (UK) LTD 247 WEST LONDON LTD 24WATCHES LTD 269 CHS LTD 28 INTERIOR DESIGN LTD 2B RECRUITMENT LTD 2P2M…
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In May Winding Up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: 247 WEST LONDON LTD A-INTELLIGENCE LTD A&A CONSTRUCTION AND MAINTENANCE LTD A&M INTERNATIONAL LTD ACCESS COMMERCIAL FINANCE LTD ACF CONSULTANTS LTD ACTIVE AIR PRODUCTS LTD AD BUSINESS SOLUTIONS LTD ADM CONSTRUCT LTD AFFORDABLE TREE SURGERY LTD…
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The Credit Services Association (CSA), the trade association for the debt collection & purchase sector, has announced that date for it’s Membership Awards which is part of the Association’s annual conference – the UK Credit and Collections Conference (UKCCC). The awards are being held on Thursday 14th September at Radisson Blu, Manchester Airport, and will celebrate the outstanding…
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In May the following administration notices have been issued and advertised in the London Gazette for the following companies: 100+ LOGISTICS LTD 304 CLOTHING LTD 5 CHURCHILL PLACE MANAGEMENT COMPANY LTD 6 BONES LTD ALERCE ADVISORS LTD ALLIANCE TRANSPORT TECHNOLOGIES LTD AMBIVENT LTD ARISHI MEDIA TECHNOLOGIES LTD ASHLEY ELECTRICAL WHOLESALERS LTD ATLAS BUILDING & CIVIL…
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