16th January 2024 - Credit Connect

Nearly half small business owners expect turnover growth

16th January 2024 Alternative Business Lending | #business growth

Small businesses are increasingly confident over an economic recovery and the positive impact this will have on their finances. A poll by small business lender Iwoca shows that almost half (47%) of small businesses expect their revenues to expand this year, marking a steep increase on the 26% who said the same at the start…

Four in ten councils at risk of financial failure over next five years

16th January 2024 Arrears and Recoveries | #Council debt

Four in ten local authorities in England are at risk of going bust over the next five years, according to analysis by Grant Thornton. Since 2021, six councils have issued section 114 notices, meaning they have declared themselves effectively bankrupt with Grant Thornron suggesting that 40% of councils at risk of financial failure over the…

Cambridge & Counties Bank sets new LSB business standard

16th January 2024 Commercial Credit Management |

Cambridge & Counties Bank has become the latest financial services firm to sign up for interim registration to the Lending Standards Board’s (LSB) Standards of Lending Practice for business customers (business Standards) and the Standards for business customers – asset finance. The registration marks the first time a financial institution has signed up to both…

Aryza Group acquires Oyster Bay Systems

16th January 2024 Company News | #Aryza Group acquires Oyster Bay Systems

Financial service software solutions provider Aryza Group has announced the acquisition of Oyster Bay Systems OBS) and its subsidiary Profile Data Services (PDS). Aryza says the strategic acquisition will strengthen the company’s position in the finance and lending market, expanding the group’s capability in the loan management sector, adding scale and client reach in the…

Sigma Connected and TDX Group agree ethical debt collection partnership

16th January 2024 Consumer Collections |

Debt management specialist TDX Group, an Equifax company, has announced that it has partnered with business outsourcing provider Sigma Connected, drawing on their respective debt insights and collection expertise for an all-in-one recovery solution package for clients. The strategic link-up will see Sigma Connected and TDX Group working closely on white label customer service support…

Arrow Global Group appoints new Chair

16th January 2024 Appointments |

Arrow Global Group has announced that it has appointed Robert Leary has Chair of the Arrow board of directors. Leary brings a distinguished investment and leadership career spanning over 30 years in asset management and insurance, marked by his extensive expertise in mergers and acquisitions and product diversification. Leary’s notable tenure includes his role as…

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