Credit, Collections & Insolvency News
Integrated Debt Services (IDS) trading as Indesser, a company created to help the government chase unpaid fines, loans and council tax has announced a 132% increase in profits last year. Indesser whose parent company is the credit information firm Equifax, saw its pre-tax profits rise to £18.1 million in 2022, an increase on 2021’s figure…
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New analysis from Cornwall Insight and Smart Energy GB has revealed the substantial cost-saving potential of household flexible electricity initiatives such as time-of-use tariffs, smart meters, solar PV, and batteries. The data reveals national wholesale and system electricity costs could be cut by an annual £4.6bn in 2030 and £14.1 billion in 2040 if flexible energy solutions…
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Vehicle collection company, Grosvenor Credit Management & Investigations (GCMI) has been sold to an Employee Ownership Trust (EOT). GCMI is a specialist vehicle logistics company, which was established in 2004 to provide vehicle leasing companies with outsourced services, including vehicle collection, asset recovery, process serving, enforcement and tracing of customers. Ben Lee, founder and sole…
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Business Debtline, run by the charity the Money Advice Trust, has launched a new AdviserHub to help debt advisers support small business owners in financial difficulty and to help signpost them to Business Debtline. Business Debtline’s AdviserHub, which is free to all advisers in England and Wales, is designed to help when providing debt advice…
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The Money and Pensions Service (MaPS) has published its annual corporate [lan. The plan covers the second year of MaPS’ first ever three-year Corporate Strategy. It outlines five priority themes which will help MaPS deliver its core services to millions of people, so they can get the guidance and advice they need on money, debt and pensions, however and whenever they need it. Caroline Siarkiewicz,…
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