Credit, Collections & Insolvency News
Analysis by Price Bailey shows that a tenth of all UK pubs are at risk of closure, with one in five classified as technically insolvent. The study examined the credit risk scores and balance sheets of 37,961 pubs, finding that 7,445 have negative net assets, making them vulnerable to bankruptcy. Notably, 4,310 pubs are at…
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New research by Direct Line has found that the average tradesperson is chasing £6,000 in late payments. The data has shown that 81 per cent of tradespeople are chasing late payments, with the average tradesperson chasing seven outstanding invoices A fifth (22 per cent) of tradespeople say pursuing late payments is taking time away from…
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New research by Aegon has shown that younger generations of adults may no longer be able to rely on the so-called ‘Bank of Mum and Dad’ as patterns of wealth across generations evolve. The trend of 20- and 30-year-olds being financially supported by their parents is set to go into reverse – as a clear…
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Nearly a third of commercial finance brokers say they frequently encounter difficulties in securing funding for their clients due to changes in funder policies, latest survey data from Asset Advantage can reveal. Just over 27% of brokers say they encounter challenges frequently or very frequently, more than half (56.8%) face difficulties on occasion. The biggest…
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Jaywing Risk Consulting has announced that it has appointed Saghir Khan as its new Strategic Partner, strengthening the leadership team. Khan, who began his career in banking as a trainee with JP Morgan in the late nineties, has worked with the likes of UBS, KPMG and Accenture, across banking and consultancy. Khan holds extensive experience…
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London law firm, Howard Kennedy has announced the appointment of Crispin Daly as Insolvency Partner. Daly focuses on complex domestic and cross-border insolvency and litigation mandates. He represents insolvency office holders, debtors, creditors and creditors’ committees, shareholders, and directors in a variety of contentious and non-contentious situations. Daly joins Howard Kennedy from Paul Hastings LLP…
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SME commercial property lender Assetz Capital has announced that it has appointed four senior executives to its board. The business will continue to be led by CEO and co-founder Stuart Law, with newly appointed board members including Andrew Fraser (Chief Commercial Officer), Irene Thomas (Chief Operating Officer), Mark Wardrop (Chief Financial Officer) and Tim Harper…
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Atom bank has announced that it appointed Ayshea Robertson as its new Chief People Officer (CPO). Robertson joins from Zen Internet, the internet service provider, where she spent six years as CPO and Board Director. She has significant experience leading HR functions within a wide range of businesses over the course of her career, including…
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