Credit, Collections & Insolvency News
Members of the Association of British Insurers (ABI) have committed to new steps to try and manage the amount that those paying monthly for their motor insurance and are charged for the benefit. The ABI set out the steps that the industry is taking to combat the rise in the cost of motor insurance at…
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Latest figures from Accountant in Bankruptcy found that there were 1,168 Scottish business insolvencies in the year 2023-2024. The figures showed that this was an increase of 3% from 2022-2023’s figure of 1,132, an increase of 37% on 2021-2022’s figure of 854, and an increase of 23% compared to pre-pandemic levels in 2019-2020 (948). Fourth quarterly…
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Latest figures from Accountant in Bankruptcy showed that there were 8,085 Scottish personal insolvencies in the year 2023-2024. This was an increase of 1% on 2022-2023’s figure of 8,001, an increase of 4% on 2021-2022’s figure of 7,769 and a decrease of 40% compared to pre-pandemic levels in 2019-2020 (13,491). Commenting on the annual Scottish…
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The Federation of Small Businesses (FSB) has called for the energy regulator Ofgem to take action on the standing charges paid by small businesses, many of whom have seen the daily fixed price they pay, regardless of usage levels, soar over recent months. FSB has written to Ofgem’s chief executive Jonathan Brearley to draw his…
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Ex-England and Liverpool footballer John Barnes banned as company director. The former Premier League footballer and international manager disqualified as director for three-and-a-half years. Barnes has been banned as a company director after his company did not pay tens of thousands of pounds in both VAT and corporation tax. The company, of which Barnes was…
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