Credit, Collections & Insolvency News
New research from EY. has found that whilst the majority of companies say they have energy-related strategies and targets in place with three in five (62%) say the volatility of costs is already impacting profitability and competitiveness, with 66% concerned about the availability and reliability of energy supply to meet their future needs. The latest…
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A former pub owner who failed to disclose his bankruptcy when he applied for Covid support funds has been handed a suspended sentence. Gary Wright did not inform the bank that he was bankrupt when he obtained a £25,000 Bounce Back Loan in the summer of 2020. The 46-year-old made the application on behalf of…
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UK-listed companies issued 62 profit warnings during Q1 2025, an 11% year-on-year fall, however the proportion of listed firms to warn in the last 12 months remains high (18%). EY-Parthenon’s latest Profit Warnings report found that the leading factor behind profit warnings in Q1 was contract and order cancellations or delays, cited in 40% of…
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Small importers have warned that reciprocal tariffs on the US market would ‘wreck’ their business plans, research by the Federation of Small Businesses (FSB) shows. The UK’s largest business group has today published data showing that one in three (33%) would scale back orders if the UK Government struck back and taxed goods headed from the US…
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2025’s Deaf Awareness Week gets underway, the LSB (Lending Standards Board) has published its annual update on the availability of accessibility tools and services for deaf or hard of hearing people across the UK’s financial services sector. This update follows the LSB’s 2023 report on the challenges deaf or hard of hearing people can face when…
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