9th July 2025 - Credit Connect

Octopus Energy to pay £1.5m for prepayment meter billing errors

9th July 2025 Consumer Collections | #energy bills #energy regulator

Ofgem has ordered Octopus Energy to pay £1.5 million in refunds and compensation, after an investigation found thousands of errors on prepayment meter bills. An investigation by the energy regulator, has found that ver 34,000 prepayment meter customer accounts with Octopus between 2016 and October 2023 did not receive final bills within six weeks, as…

Personal guarantees stifling business growth ambitions

9th July 2025 Alternative Business Lending | #business growth

The overuse of personal guarantees in borrowing is hindering UK business growth, according to a survey by the Federation of Small Businesses (FSB). Research by the business group shows that six in ten (60%) limited company directors would borrow to grow their business, if they did not have to put hard-earned assets like savings or…

One in four Gen Z reliant on inheritance over savings

9th July 2025 Consumer Lending |

A large proportion of younger people are deferring retirement saving in the hope that an inheritance will plug the gap, according to research from Standard Life’s Retirement Voice report. A quarter (24%) of Generation Z (those born between 1997-2012) say they’re not currently focused on retirement because they expect to receive money or property in…

Global business optimism hits lowest level since 2023

9th July 2025 Commercial Risk | #global business optimism

A new Dun & Bradstreet report has highlighted the lowest level of business optimism for the upcoming quarter since late 2023. Following a 12.9% drop in optimism for Q1 and a modest 1.3% drop for Q2, the Global Business Optimism Index declined another 6.5% amid continued macroeconomic uncertainty and mounting supply chain concerns around the world. The…

IGF appoints new ABL Director for South West of England and Wales

9th July 2025 Appointments |

Asset-based lending solution, Independent Growth Finance (IGF) has announced the appointment of Graham Leaney as ABL Director for the South West of England and South Wales. Leaney has extensive experience in the ABL and working capital financing industry, having worked in roles of increasing responsibility over the past 20+ years at HSBC, Close Brothers Invoice…

LoanTube launches SME lending platform

9th July 2025 Commercial Credit Management |

Digital credit marketplace, LoanTube has announced the launch of its SME brokerage platform, bringing the speed, intelligence and transparency of its consumer lending platform to small and medium-sized businesses. Emerging from two years of stealth development, LoanTube’s SME brokerage matches applicants to a diverse panel of more than 50 finance providers including major high street…

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