Credit, Collections & Insolvency News
Water companies in England and Wales have been told to pay £158 million penalty to customers as a result of poor performance. The regulator, Ofwat, announced the penalties as part of its annual review of companies’ performance. Performance penalties have totalled more than £430m since 2020. Ofwat’s annual Water Company Performance Report which shows disappointing…
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Business confidence rose slightly in September as companies pinned their hopes on further interest rate cuts this year, despite a weakening labour market, stubborn inflation and uncertainty around the new Labour Government’s first Autumn Budget, according to the latest Business Trends report from business advisory and accountancy firm, BDO. The BDO Optimism Index rose to…
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CCW has announced that it has confirmed Mike Keil as its permanent Chief Executive. Keil took the reins on an interim basis last October after the departure of former CEO Emma Clancy, following her three years at the helm. He has been with CCW for the past seven years having previously served as the organisation’s…
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The Federation of Small Businesses (FSB) is calling on the Chancellor to deliver a decisively pro-small business Budget, saying SMEs are ‘sick of stagnation.’ The UK’s largest small business group says the Budget, on 30th October, will be the Chancellor’s ‘first and best chance’ to secure sustainable, long-term economic growth. It calls for specific measures…
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The National Association of Commercial Finance Brokers (NACFB) has announced that it has appointed Jim Higginbotham as its new Chief Executive Officer (CEO). Higginbotham most recently served as Group CEO at STAR Asset Finance, where he led the brokerage through a period of substantial change, enhancing the risk control framework, upgrading the IT infrastructure, centralising…
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Experian Consumer Services has announced a partnership with Oakbrook, a leading non-bank consumer lender, to offer debt consolidation loans on the Experian Marketplace using Paylink’s ReFi technology. Oakbrook is the first lender to go live with ReFi-enabled loans on the Experian Marketplace. This partnership will enable customers to simplify their finances and save money by…
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In the first major survey of business sentiment since the General Election, the BCC’s Quarterly Economic Survey – the UK’s largest and longest running independent business survey – shows taxation is now the main area of concern for businesses. Ahead of the Budget later this month, 48% of firms cited it as a worry (compared…
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In September the following administration notices were issued and advertised in the London Gazette for the following companies: 11052310 REALISATIONS LTD ABILITY RECRUITMENT SOLUTIONS LTD ADVIZA PARTNERSHIP AJ GALAXY LTD AK MIDLANDS WHOLESALE LTD ALDERLEY FARMS LTD ALEXANDRA PETER LTD ANCESTREL WINES LTD ANGUS PRINT LTD AQUALUX PRODUCTS LTD ASSURANCE CARE LTD ATLAS COMMODITIES 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 September: 10-12 RUSSELL SQUARE Q LTD 1A PIZZA HOUSE LTD 1ST CALL ELECTRICAL (UK) LTD 2012 LTD 27FIBRE LTD 290 PIZZA LTD 2NWEST BUILDERS AND DECORATORS LTD 365 PROTECT LTD 3D PRINTZ LTD 4 OFFICE…
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In September Winding Up Petitions (Companies) were issued and advertised in the London Gazette for the following companies: 18 BIKES LTD 24 SECURITY SERVICES LTD 2NBW INVESTMENTS LTD 3R ENERGY UK LTD A CANCAO DE LISBOA LTD A N R SPECIALISTS LTD ABBY LOGISTICS LTD ACTIVE NEURO LTD ADMIRAL CONSTRUCTIONS LTD AK&H TELECOMS LTD AKS…
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