Credit, Collections & Insolvency News
The Government has launched a new commission set up by the Department for Environment, Food and Rural Affairs (Defra) to explore how water companies in England could work better. The review could see water companies banned from making a profit under plans for a complete overhaul of the system. The Commission forms the next stage…
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A company Director who failed to produce accounting records and refused to co-operate with the Insolvency Service after his company went into liquidation owing more than £200,000 in unpaid tax has been jailed. Vezubuhle Ndlovu was sentenced to 10 months in prison when he appeared at Manchester Crown Court. The 41-year-old had previously pleaded guilty…
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New research from Skipton Building Society has found that just one in four people (26%) are feeling hopeful and optimistic about the upcoming Budget announcement. Whilst a further 70 per cent admit to feeling worried or anxious on what the Government may announce. And of those, it is more women (77%) than men (62%) feeling…
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Broker, Just Mortgages has expanded its self-employed management team with the appointment of James Hoskins as Area Director. Based in Bristol, Hoskins will be supporting and mentoring self-employed brokers in the region and up into the Midlands. He brings with him two decades of experience in the mortgage market and wider financial services. As part…
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The value of bad debt suffered by small businesses has surged by a staggering 127 per cent in the last six months, according to a report by SME funder, Bibby Financial Services (BFS). According to the latest SME Confidence Tracker from Bibby, businesses have written-off an average of nearly £40,000 in unpaid invoices in the…
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