Credit, Collections & Insolvency News
In October the following administration notices were issued and advertised in the London Gazette for the following companies: ACUITY PROFESSIONAL LTD ADAMO PRECISION ENGINEERING LTD ALEX THORP TRANSPORT LTD ALLAN SNOW LTD ANDREWS INFINITY PARTNERSHIP LLP ANDROMEDA ENTERPRISES LTD APEX RIDES LTD APPLETREE FARM CRESSING LTD ASTON CLINTON DEVELOPMENTS LTD AXIOM INCE LTD B13 TECHNOLOGY…
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In October Winding Up Petitions (Companies) were issued and advertised in the London Gazette for the following companies: 1ST ELEVEN LTD 24/7 RESCUE AND RECOVERY UK LTD 346 LTD 4D CLEANING & MAINTENANCE LTD 4LIFE HEALTHCARE LTD A&S MANAGEMENT LTD ACE MOTORS (SOUTH ELMSALL) LTD ACS MANAGEMENT SERVICES LTD ADDISON GROUP LTD ADLINGTON ELECTRICAL 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 October: 04983167 LTD 10277386 LTD 16TH VENTURES LTD 17 K C SERVICE MANAGEMENT LTD 1ST CLASS BRICKWORK LTD 21ST CENTURY BUILD LTD 2BLTD LTD 4 RENT VEHICLE HIRE LTD 66 HXV LTD 7 CLOTHING LTD…
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New figures from Time Finance have revealed changing appetites amongst SMEs for financing for the long-term as demand for hire purchase and refinancing rise throughout 2023. The recent data from the leading SME lender has shown a 26% rise in its hire purchase deals between its 2021/22 and 2022/23 financial years. This demonstrates increased appetite…
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Here is an overview of The Money Charity’s latest statistics for November 2023 Personal debt in the UK People in the UK owed £1,845.6 billion at the end of September 2023. The average total debt per household, including mortgages, was £65,724 and per adult was £34,700, around 100.7% of average earnings. Net mortgage lending decreased by…
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The number of SMEs using credit to fund insurance has risen as they battle to keep on top of increasing business costs according to research from Premium Credit. The analysis found 52% of firms now use credit to pay for insurance compared with 50% when it reported last year2. The average amount borrowed is nearly £1,100.…
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Specialist lender Together has promoted company stalwart Duncan Abraham to oversee its regulated and unregulated underwriting operations. Abraham who joined the finance group 25 years ago, was previously Head of Residential Underwriting and will take up his new role as Underwriting Operations Director next week. The highly-experienced financial services professional will take responsibility for 64…
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Latest Bank of England has found that consumer borrowing fell in October, showing that consumers borrowed £1.3 billion last month compared to £1.4 billion in September. The decline came as consumers borrowed less on credit cards, with the rate of other forms of credit remaining stable. The data also showed that individuals repaid, on net,…
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Small loans, often seen as financial lifebuoys, are diminutive yet potent monetary instruments designed for short-term borrowing needs. These loans typically cater to amounts up to £600, making them a practical choice for those grappling with unexpected expenses or minor financial deficits. While both small loans and payday loans appear similar at a cursory glance,…
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