Credit, Collections & Insolvency News
Energy regulator, Ofgem has announced the launch of a consultation to assesss options to protect the energy market and consumers from the risk of spiralling debt. Figures obtained by the regulator this summer show that energy debt reached £2.6 billion, its highest ever level, due to a combination of the rise in wholesale energy prices,…
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Stockholm-headquartered fintech Treyd has announced that it has appointed Colin Moss-Davies as its first Chief Revenue Officer (CRO), as the company continues a phase of rapid growth and progress towards profitability. Moss-Davies’ extensive commercial leadership experience in B2B fintechs – including a decade leading outbound sales for payments giant PayPal – will be pivotal as…
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In a joint statement, debt help charity Christians Against Poverty (CAP) and Christian charity Stewardship has announced that Stewart McCulloch, is to move to CAP. McCulloch will join CAP as CEO at the start of 2024, taking over from the charity’s interim CEO, Lisa Pearce, who will return to her role as Deputy Chair of…
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KPMG has been given a record fine for failings in its auditing of construction company Carillion which collapsed in 2018 and led to a loss of thousands of jobs. The Financial Reporting Council (FRC) said the firm has been fined a total of £30 million, this has been reduced by 30% after co-operation and admissions…
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Latest figures from the Office for National Statistics (ONS) has shown that GDP grew 0.2% in August, and 0.3% between June to August. The services sector was the biggest contributor with growth of 0.4%. Consumer services were down 0.6% after a 10.8% fall in sports, amusement and recreation activities. Production output fell 0.7% whilst construction also…
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Milton Keynes-based asset finance brokerage, Approved Business Finance, has announced two senior promotions, naming Mark Kozo as its new Commercial Director and Emily Skellham as Head of Credit. Rory Dunn, Managing Director of the Approved Group, said “The last year has been one of significant development across the Approved Finance Group with the launch of two…
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Ad-subsidised payments network, Zilch has anew product dedicated to empowering people typically excluded from mainstream credit. The product called Zilch Up provides all the benefits of Zilch’s zero-interest, ad-subsidised borrowing with the ability to improve a credit score, which wasn’t possible before Zilch. With 5 million people in the UK deemed credit invisible, Zilch’s new…
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