Credit, Collections & Insolvency News
A husband and wife whose furniture company went into liquidation owing customers almost £100,000 have both been banned as company directors. George and Williamina Hay were directors of DWH Trading Ltd, which sold adjustable beds and chairs, mostly to elderly and vulnerable customers, from their home address in Aberdeenshire. The company was struggling financially by…
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UK adults are set to take out more than £13.2 billion worth of loans this year to consolidate debts, according to new research by Go.Compare. The research estimates that more than 1.5 million adults plan to take out a loan for debt consolidation, meaning lenders will provide billions in payments. This could suggest that a substantial…
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Uswitch research has found that 60% of consumers say they have been dissuaded from shopping at small businesses due to the perceived extra expense. The ‘cost of living crisis has meant the prices for many essential goods in the United Kingdom have been increasing faster than household incomes. It has been wreaking havoc with many…
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The Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) have appointed Martyn Beauchamp as Chief Executive Officer (CEO) of the Financial Services Compensation Scheme (FSCS). Beauchamp has been Interim CEO of the FSCS since October 2023, and during this time he has successfully overseen the FSCS’s transition to a new operating model. Prior to…
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The Financial Conduct Authority (FCA) has identified significant gaps in how firms support vulnerable customers. It was found that 44% of vulnerable customers reported negative experiences, compared to 33% of non-vulnerable customers. Three-quarters (74%) of vulnerable customers who told their firm about their circumstances said that staff asked the right questions to understand their situation,…
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Half (51%) of female professionals in the UK experience a lack of inspirational female leaders in their company. This is despite the 2025 FTSE Women Leaders Review finding that women now occupy over 43% of roles on company boards, as well as 35% of leadership roles in 350 FTSE companies. In light of this year’s International Women’s Day…
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In February the following administration notices were issued and advertised in the London Gazette for the following companies: ABBEYGLEN (TEKELS PARK) PROPERTIES LIMITED ACHESON CONSTRUCTION LIMITED ADSTOCK BULK SOLUTIONS LIMITED AERISTECH LIMITED ALICIA JAMES LIMITED ANTS DRILLING SERVICES LIMITED ARCHER PUBLICATIONS LIMITED ARMCLAIM LIMITED ARTEZZAN RESTAURANTS LIMITED ASHVILLE AGGREGATES AND CONCRETE LIMITED ASHVILLE COMMERCIALS LIMITED…
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Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in February: 123 TOOLS LTD 12GP MANAGEMENT LIMITED 1892 OPTICAL & HEARING LIMITED 2009 CABOT CIRCUS BRISTOL (LEASECO) LIMITED 2SS CONTRACTORS LTD 300 DEGREES LIMITED 360 REMARKETING LIMITED 3D LINE LTD 72JDOTORG LIMITED 777 INVESTMENTS LIMITED…
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In February, Winding Up Petitions (Companies) were issued and advertised in the London Gazette for the following companies: 3 KH LTD 3M INSTALLATIONS LTD 40 TOLC FISH LTD 465ISH LTD A & E (LONDON) LTD A W J CONSTRUCTION LTD A&D LEISURE AND HOSPITALITY LIMITED AASEYA SOFTWARE SERVICES (UK) LIMITED ABEL BROTHERS LIMITED ABS HOME…
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