Credit, Collections & Insolvency News
The percentage of small business owners that say workplace worries keep them awake at night has hit ten-year peak, according to new research from Novuna Business Finance. The data showed that nationally, eight in ten (82%) business owners say they get broken sleep or lie awake at night worrying about pressing business issues – up…
Read more
National Energy Action research has found that nearly half of adults (49%) expect to ration energy in coming months as average bills set to rise by over £100. The data follows on from Ofgem’s announcement that the energy cap will rise by 6.4% in April with the average energy bill rising to £1,849 a year…
Read more
HSBC Innovation Banking has provided £30 million in debt financing to fintech Clearscore. Clearscore says that the funding is crucial for Clearscore’s expansion in both domestic and international markets. The capital will also facilitate Clearscore’s acquisition of Arlo Finance, enhancing its secured loan offerings. The financial marketplace now helps over 24 million users improve their…
Read more
New figures released by the Finance & Leasing Association (FLA) show that FLA members across the asset finance, consumer finance and motor finance markets provided a record £154.6 billion of new lending in 2024, 2% higher than in 2023. In 2024 £39.7 billion was provided to businesses for investment in machinery, equipment, and vehicles, including…
Read more