Credit, Collections & Insolvency News
Card spending fell last month for the first time in more than three years, according latest analysis by Barclays. The data showed that consumer card spending fell -0.6 per cent year-on-year in June – the first decline since February 2021 and significantly lower than the latest CPIH inflation rate of 2.8 per cent – as…
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The number of insolvencies of pub and bar companies has jumped 30% in the past year, from 602 insolvencies in 2022/2023 to 784 insolvencies in 2023/24 (year end April 30), according to research by UHY Hacker Young. Pub and bar insolvencies continued to rise over the last year with fewer and fewer people willing or…
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More than half a million retirees in the UK still have not paid off their mortgages, according to research from SunLife. SunLife surveyed 2,000 people over 50 and discovered that of the two thirds (68%) that are homeowners, more than 1 in 5 (23%) are still paying off their mortgage. And while most (87%) of…
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Business confidence climbed to its highest point in 2 years, reaching a score of 16.7 in the second quarter of this year, according to a survey by the Institute of Chartered Accountants (ICAEW) in England and Wales. The increase in confidence was driven by falling inflation and forecasts for better sales. Strong wage growth and…
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Global information company TransUnion has announced it has appointed Sam Welch as its new Chief Revenue Officer, and Celso Nogueira as its new Chief Strategy Officer. Both leaders will serve the business across the UK and Europe in their new roles. Welch will lead TransUnion’s go-to-market strategy across the region, driving sales and overseeing client…
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In June the following administration notices were issued and advertised in the London Gazette for the following companies: A T PROMOTIONS LTD A.B. GROUP PACKAGING UK LTD AC LANDSCAPES & TREEWORKS UK LTD ACG HOLDCO LTD ADVANCED ONCOTHERAPY PLC BALBY HEALTH-CARE LTD BOWIE CONSTRUCTION LTD BRANDON TRADECO LTD BROWSIDE LTD BUSINESS DOCTORS FRANCHISING LTD CARTWRIGHT…
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Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in June: (UK) WELDEX LTD &OFFICES EUSTON LTD £AITH PROPERTY LTD 06473722 LTD 09288376 LTD 1 BIG DADDY LTD 10 HELMSLEY PLACE LTD 134 RADCLIFFE ROAD LTD 13957821 LTD 15 BISHOPSGATE TENANT LTD 1GS SERVICES OL…
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In June, Winding Up Petitions (Companies) were issued and advertised in the London Gazette for the following companies: 10M GROUP LTD 13168375 LTD 18 – 19 BUCKINGHAM GATE CONSTRUCTION LTD 1989 GROUP LTD 20/21 ART FAIR LTD 2ND GENERATION FACADES LTD 4 SEASONS MEDICAL CENTRE LTD 638 GREEN LANES LTD A.G.S CASTINGS LTD A.L. MEDICAL…
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