Credit, Collections & Insolvency News
The Resolution Foundation says inflation could fall to 3% by the next election, and interest rate hikes are likely to dry up. However, taxes will rise, cost of living payments will end, and rents and mortgages will be higher, so we’ll be no better off than we are now – and much worse than when…
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6 Towns Credit Union has been placed into administration and has now stopped trading. James Sleight and Peter Hart of PKF Geoffrey Martin & Co have been appointed as joint administrators. 6 Towns Credit Union was a financial co-operative owned by its members. The Financial Services Compensation Scheme (FSCS) had also declared the credit union…
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Research released by Topcashback which examines how adults spend money has revealed more than five million adults (10%) are spending beyond their means for at least half of the year (seven months or more). The ‘How Britain Spends’ report, the first in a new series developed by leading cashback site TopCashback, highlights the impact the…
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New research by Save the Student has found that the average student’s monthly living costs have risen by 17% since 2022, from £924 to £1,078. Below-inflation increases in the Maintenance Loan now mean it falls short of living costs by an average of £582 per month, up from £439 per month in 2022 with 18% of students…
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Independent Growth Finance (IGF) has announced that it has appointed Steve Chait as its Chief Executive Officer (CEO). Chait has more than 30 years in asset based lending with Burdale, Wells Fargo and, most recently, Blazehill Capital. Current IGF CEO John Onslow announced that he has decided to step down as CEO after seven years.…
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The number of people using the funds from their 50+ mortgage for debt consolidation has doubled in the year to date compared with 2022, Hodge data has found. Hodge data analysts delved into its completion data and found that in 2022 7% of 50+ mortgage customers said they had used their funds for debt consolidation.…
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A new study from Nationwide Building Society has found that three in five households are now worried about their finances. The research also found that more than six in ten (62%) are currently worried about their personal finances and ability to cover essential costs, marking the first time it has risen since May. This was up…
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In August the following administration notices were issued and advertised in the London Gazette for the following companies: A C PLC ABCELL LTD AC DATA LTD ACTIVE ELECTRICAL SERVICES (STAMFORD) LTD ALEXANDER GRACE LAW LTD APEX PORTFOLIO (RIPON) TWO LTD ASPIRE PLATFORMS LTD ATN BANGLA UK LTD AUTOMATIC ENGINEERS (HINCKLEY) LTD B.A.W. PRECISION ENGINEERING LTD…
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Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in August: &SOMETHING LTD 07752335 LTD (FORMERLY EWEST LTD) 10XTECH LTD 117 BUILDERS LTD 123 DFE LTD 125 TRADING LTD 1SM LTD 1ST STOP AUTOS LTD 24/7 CLEANING COMPANY 3C FINISHING LTD 3D CITY SIGNS LTD…
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In August Winding Up Petitions (Companies) were issued and advertised in the London Gazette for the following companies: 1982 LONDON LTD 365 ENERGY LTD 786 SOLUTIONS LTD 86 LTD. A MOTORCOMPANY LTD AAMIR & AHMED LTD AARTEE STEEL OPERATIONS LTD AB GROUP (TRADING) LTD ACM SCAFFOLDING LTD ADDISLAND COURT COMPANY LTD ADDISON WAY LTD ADJOSA…
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Deceased account management specialist , Philips & Cohen Associates (PCA), has announced it has work with worked with E.ON Next to develop a new online solution. The new technology platform called NotifyNOW enables the bereaved to use a simple route with which to notify utilities and similar organisations when a customer passes away. NotifyNOW is…
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The Consumer Council for Water (CCW) has announced that Mike Keil will become Interim Chief Executive from next month. Keil, who is currently the consumer body’s Senior Director for Policy, Research and Campaigns – will step into the shoes of departing CEO Emma Clancy from 2nd October. Keil joined CCW in May 2017 as its…
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