7th February 2024 - Credit Connect

Eight million households get £299 cost of living payments

7th February 2024 Consumer Collections |

Eight million households on means-tested benefits will receive their final cost of living payment to help with high food and energy bills this month, The £299 payment, the last of three instalments that totalled £900, will go directly into people’s bank accounts between now and 22 February, without the need to apply. It is part…

Consumer card spending grew by 3.1% in January

7th February 2024 Consumer Lending | #card payments

Consumer card spending grew 3.1 % year-on-year in January, less than the latest inflation rate of 4.2 %, yet higher than December’s growth of 2.3 %. according to latest analysis by Barclays. The figures showed that retail, hospitality and leisure spending slowed as consumers stayed at home to shelter from the cold weather and save…

Recession fears are receding

7th February 2024 Commercial Credit Management | #recession

SME anxieties regarding a potential recession have eased by a third (32%) since Q4 2022, though inflation concerns remain, according to iwoca’s latest research. The findings showed that inder half (49%) of SME finance brokers surveyed report their SME clients having any recession fears––a significant drop compared to 73% in Q4 2022. Economic fears persist…

Retail sales growth slows in January

7th February 2024 Commercial Credit Management | #retail sales

Latest British Retail Consortium (BRC) data has shown that sales were up by 1.2% year-on-year in January, marking a slowdown on the 1.7% rise recorded in December. The Retail Sales Monitor also shows that January’s sales were down on the 4.2% growth seen in the same month in 2023. Food sales increased 6.3% year on year…

INSOLVENCY NOTICES: Appointment of Administrators – January 2024

7th February 2024 Business | #Appointment of Administrators

In January the following administration notices were issued and advertised in the London Gazette for the following companies: 10859267 LTD A.H.BALDWIN & SONS LTD AB REALISATIONS 2023 LTD ABAKA HOLDINGS LTD ABLRATE ASSETS LTD AGM BATTERIES LTD AIR MANAGEMENT & DESIGN LTD ALAN WEDDELL DRYLINING & PLASTERING LTD ALTELIUM LTD AMTE POWER PLC ANVILGATE LTD.…

LIQUIDATION NOTICES: Creditors Voluntary Winding-Up – January 2024

7th February 2024 Business | #Creditors Voluntary Winding-Up

Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in January: 1012 THE GREEN LTD 122 OLD HALL STREET LTD 1855 CORNMARKET LTD 2023 RE INVESTMENT MANAGEMENT LTD 21 HUNDRED LTD 2D OR NOT 2D LTD 2ND-WIND PRO SOLUTIONS LTD 365 HEALTH SOLUTIONS LTD 4LEON…

INSOLVENCY NOTICES: Winding Up Petitions – January 2024

7th February 2024 Business | #WINDING UP PETITIONS

In January Winding Up Petitions (Companies) were issued and advertised in the London Gazette for the following companies: 12 LOUND SIDE LTD 122 OLD HALL STREET LTD 247 IT INTERNATIONAL LTD 3ANGELS HEALTHCARE PROFESSIONAL LTD 50 BROOK STREET LTD 555 LIVERPOOL LTD A L TYRES (HINCKLEY) LTD A&S COMPLETE ENVELOPES LTD ABACUS LAW (MANCHESTER) LLP…

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