Credit, Collections & Insolvency News
FTS Recovery has announced it has acquired national insolvency firm FA Simms, adding a number of offices across the country. FA Simms, similar to FTS Recovery, works closely with directors to offer restructuring and insolvency services, primarily to the corporate market. The acquisition sees FTS Recovery add to their national presence by taking on all…
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A fall in customer numbers and spending is a top challenge for almost two fifths of mid-sized businesses (39%) over the next six months, as high costs remain a pressing challenge for households and companies alike, according to new data from accountancy and business advisory firm, BDO. According to BDO’s latest bi-monthly survey of more…
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The fourth quarter of 2023 saw financial services business volumes contract for the first time since June 2020, according to the latest CBI Financial Services Survey. Volumes are expected to be broadly flat over the next three months. The quarterly survey, conducted between 21 November and 15 December, also showed that optimism and profitability were…
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LCF Law has appointed a new Partner to the specialist insolvency division with the appointment of Natalie Nattress. Nattress has joined from Knights and has worked in insolvency in Leeds for more than 22 years, dealing with all types of business recovery scenarios, as well as handling large scale investigations in bankruptcy and liquidation estates. Nattress…
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Flexys Solutions has announced that it has partnered with Thought Machine to integrate its industry-leading Control+ debt management platform with Thought Machine’s cloud-native core banking platform, Vault Core. Flexys and Thought Machine partnership will address performance challenges through transformative cloud-native solution. Commenting on the partnership, Flexys CEO James Hill said “Working with the Thought Machine…
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Higher interest rates increase the expected government cost of financing the student loan system in England by more than £10 billion per year, new analysis by researchers at the Institute for Fiscal Studies (IFS) shows. The IFS says that in recent years, the government’s borrowing costs have always been lower than the interest rates it…
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73% of business leaders have a lack of confidence in the ability of local authorities to provide effective support to business according to a recent poll by the Institute of Directors (IoD), In August 2023, the Government announced that it would withdraw central government support for Local Enterprise Partnerships (LEPs). From April 2024, the core…
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In December the following administration notices were issued and advertised in the London Gazette for the following companies: A C MARINE & COMPOSITES LTD A GOMEZ LTD ACCIDENT CLAIMS LAWYERS LTD ACE SCAFFOLDING (M/CR) LTD AGVENTURE FARMS LTD ALCOVA ASSET MANAGEMENT LLP AUGHTON AINSWORTH LTD BARRY WOOD PLANT HIRE LTD BRANDED BUILD LTD C.B.BROOK &…
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Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in December: ACA OPTICAL LTD ACADEMY 1 SPORTS COLLEGE EAST LTD ACC CONSTRUCTION LTD ACCESS TRANSPORT REMOVALS AND STORAGE LTD ACHILLEUS SECURITY (LONDON) LTD ACORN CATERING LTD ACORN IRONMONGERY LTD ACROL AIR CONDITIONING SERVICES LTD ACTIVE…
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In December Winding Up Petitions (Companies) were issued and advertised in the London Gazette for the following companies: 1 CHARLES STREET LTD 465SI LTD 900 DEGREES LTD ACE SUPPORT FM LTD AGENCY PAYROLL SERVICES LTD AIY LTD ALI’S MEAT LTD ALL CONSTRUCTION CONTRACTORS LTD ALL STROKES LTD ALLWAYS MOTORCYCLES LTD AMOR INTERIORS LTD APAX PROPERTY…
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