Credit, Collections & Insolvency News
The cost of holiday childcare continues to rise hitting families’ financial resilience according to Coram’s annual Holiday Childcare Survey. The data showed that childcare prices increased this year by 6% since last Summer. A place at a holiday club now costs 2.5 times more than an after-school club during term time (£175 per week compared…
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Consumer confidence has seen a subdued increase, according to the latest figures from GfK’s Consumer Confidence Index. The index increased by one point to minus 13 in July. The major purchase index, which indicates confidence in buying big ticket items, saw a seven point uptick, potentially good news for retailers. However, confidence in personal finances…
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New analysis by Forvis Mazars has found that the HMRC has collected an extra £14.4 million in tax from insolvencies since it regained its ‘preferential creditor’ status in insolvencies. HMRC was given ‘Crown Preference’ priority in insolvencies in December 2020. That preferred status allows it to reclaim tax owed from an insolvent business ahead of any…
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Target Group has announced that it has promoted Katie Pender to the position of Chief Operating Officer (COO). Pender joined Target in 2019 as head of client solutions, playing an integral role in the development and successful deployment of the group’s state-of-the-art mortgage originations solution, Mortgage Hub. Most recently, she served as Managing Director of…
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London and Leeds-based insolvency and restructuring firm, PKF Littlejohn Advisory, has announced it has appointed Jonathan Burke as a Senior Insolvency Administrator. Burke joins the team with four years of experience in corporate insolvencies and restructuring, He will support the PKF Littlejohn Advisory team in the restructuring, sale or liquidation of businesses in need of…
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