Credit, Collections & Insolvency News
The UK Competition and Markets Authority (CMA) has released its provisional findings on the proposed merger between Vodafone and Three, raising concerns that the deal could lead to higher prices and reduced service quality for millions of UK mobile customers. The investigation, led by an independent inquiry group, has provisionally concluded that the merger would…
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A survey by Purbeck Personal Guarantee Insurance has found that 60% of small business owners have felt in the dark about the risks and 25% have backed out of a loan because it had a personal guarantee attached. Todd Davison, MD of Purbeck Personal Guarantee Insurance said “We welcome the strengthening provisions on personal guarantees by the Lending…
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An organisation providing free debt help has warned it is seeing a concerning change in how buy now, pay later (BNPL) is being used. Money Wellness says it has seen a threefold increase in the number of people seeking debt help with BNPL debts over the past 12 months. But the most significant change is…
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New research by Go.Compare home insurance has revealed that 26% of consumers want to sell up and move on More outdoor space is the reason for 23% of those looking for a new abode, with the exact same percentage saying they need more indoor space. 18% of those wanting to move house cite better parking…
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Energy company OVO is to pay £2.37m in compensation for customer complaint failures. Energy regulator Ofgem said OVO will pay £378,512 directly to affected customers, with an additional £2 million to the Energy Industry Voluntary Redress Scheme in recognition of the severity of consumer detriment caused. The regulator identified that 1,395 OVO customers were affected…
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In August the following administration notices were issued and advertised in the London Gazette for the following companies: 108 MEDIA LTD A E CHILLED LTD ACE GLOBAL TRADING LTD ADLUDIO LTD AF ACCIDENT REPAIRS LTD ALTEC ENGINEERING LTD ANARCHY BREW CO. LTD ARCTREND LTD ARG MAXELA UK LTD ASTRADENT (3) LTD AVANTE PROPERTY DEVELOPMENTS LTD…
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Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in August: 10975648 LTD FORMERLY KNOWN AS EFDUK LTD 1HUTCH CREATIVE SERVICES LTD 20 20 OPTICAL SERVICES LTD 24/7 FLOORING LTD 29 ATELIER LTD 2K TIGER LTD 2MC HOLDINGS LTD 3 FUTURES LTD 303 LONDON LTD…
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In August Winding Up Petitions (Companies) were issued and advertised in the London Gazette for the following companies: 10442565 LTD 10449758 LTD 12 RAYS LTD 123 RETAIL LTD 13408494 LTD 2GO COURIERS LTD 2LY PROMOTIONS LTD 3 COUNTIES CAR SALES LTD 3CRISK LTD 777 PARTNERS UK LTD 8 AVENUE LTD A FIRST CALL PLANT HIRE…
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Leeds Credit Union has announced a new partnership with software companies LendingMetrics and Singlify with the introduction of a new loan decisioning platform. The integration of technology from Lending Metrics’ Auto Decision Platform and the features of the Singlify Loan Origination Module, including Yoti’s digital identity verification and Equifax Open Banking for robust financial insights,…
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