Credit, Collections & Insolvency News
New figures reveal that the number of pub and bar insolvencies has risen 66% in the last year according to latest data by UHY Hacker Young. The data show the number of pub and bar insolvencies increased from 438 to 725. The average draught beer prices have increased 9 per cent from £4.23 in January…
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While many businesses are urging the Chancellor to avoid introducing sweeping changes at the Autumn Statement and instead prioritise stable policy, a significant number are also eager to see specific cuts to promote economic growth, according to EY’s Autumn Statement survey. EY asked more than 1,300 finance professionals from UK companies to select the business-focused…
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Trustfolio has announced that it has been chosen by Reevo Money to help them manage their IVA portfolio. Reevo Money, part of Amplifi Capita has agreed a partnership with Trustfolio to use its Creditor Debt Solutions Platform. The platform provides creditors with a single view of debt solutions portfolios, allowing them to securely automate manual…
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Almost half of adults (48%) have used Buy Now, Pay Later (BNPL) to spread the cost of purchases. In 2023, 7.4 million more people used BNPL compared to the year before. The increased usage of BNPL, isn’t expected to slow down as we enter the busy festive shopping period, in fact it has become essential…
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