Credit, Collections & Insolvency News
A key figure in a scheme designed to undermine the insolvency system has been banned as a company director for nine years. Neville Taylor was paid more than a quarter of a million pounds by Atherton Corporate (UK) Ltd to become the sole director of more than 400 companies. Taylor’s disqualification means he will have…
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2025 will be the most expensive on record for businesses who employ workers on the minimum wage, according to new analysis by the Centre for Policy Studies. The research shows that the tax wedge – the combined amount of tax paid by employees and employers – for those on minimum wage will equate to a…
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Latest figures from Barclays show zero growth in consumer card spending in December, as households cut back on essential items and pub and restaurant meals in favour of spending on experiences. The data showed that consumer card spending growth remained flat in December, at 0.0 per cent year-on-year – significantly lower than the latest CPIH…
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Mike Morgan has been appointed as the new Chief Executive Officer (CEO) for Close Brothers. Morgan succeeds Adrian Sainsbury, who stepped down after four months of medical leave. Mike Biggs, Chairman, said “The board would like to sincerely thank Adrian for his material contribution during his 11 years with the Group, the last four of…
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The Christmas ‘golden quarter’ of 2024 has not provided the anticipated boost for UK retailers, as consumer confidence remains low according to the British Retail Consortium-KPMG Retail Sales Monitor. The data showed that sales increased by only 0.4% in the three months leading to December compared to the previous year. December’s sales, including Black Friday,…
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The National Association of Commercial Finance Brokers (NACFB) has recorded a 15% rise in the number of its member firms in 2024. This growth saw broker firm numbers climb from 1,168 in January to 1,338 by year-end. Last year’s record-setting growth builds upon the 11% increase in NACFB Members recorded in 2023. Additionally, the NACFB’s…
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Sigma Connected t has marked a key milestone in its long-term fundraising for Birmingham Children’s Hospital Charity. The collections specialist has now raised £100,000 for the hospital to help support the care it provides for hundreds of thousands of sick children every year across the entire country. Mike Harfield, Co-Founder and Chief Operating Officer at…
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In December the following administration notices were issued and advertised in the London Gazette for the following companies: A J MECHANICAL SERVICES LIMITED AB PAPERS UK LIMITED AFAAD INVESTMENT PROPERTIES LTD AGE UK STAFFORDSHIRE AGRS HOLDING LIMITED AKJ ENTERPRISES LIMITED ALWAYSDREAMING LTD ANDBRIDGE PROPERTY LIMITED AQUADART BRANDS LIMITED ARCTIC FISH PRODUCTS LIMITED ASHLEY GROVE &…
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Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in December: 05 MEDIA LTD 05684 LTD 12266662 LIMITED 14 KEMPS HOUSE LTD 150KPR CAPITAL LIMITED 1ST CALL RECRUITMENT SERVICES LTD 2 EMME TECHNOLOGY U.K. LIMITED 2 FO 1 PIZZA COALVILLE LTD 22 ARCHES LTD 24-7…
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In December, Winding Up Petitions (Companies) were issued and advertised in the London Gazette for the following companies: 3 C’S CONSTRUCTION SERVICES LTD 3RD ALLIANCE LTD 68K MANAGEMENT LTD 9203-5559 QUEBEC INC LTD A&P 24 LTD ABC DELIVERIES LTD AGATRANS (FELIXSTOWE) LIMITED ANACONDA CAPITAL LIMITED ANNA (RKS) LTD ANNROSE LIMITED ANON (CHESTERFIELD) LTD ANTONIO’S TV…
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