Credit, Collections & Insolvency News
Over half (54%) of pensioners on a low income find it a struggle to keep up with bills and credit commitments, causing misery and worry to hundreds of thousands of retirees. The findings are revealed in new research by the Living Wage Foundation based on polling of pensioners who are on a low income. The…
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A fraudster has been jailed after illegally securing three Bounce Back Loans and using the funds to buy and ship goods to Ghana for resale. Eric Agyeman obtained £130,000 in three Bounce Back Loans for DOK Logistics UK Ltd when businesses were only entitled to a single loan under the scheme. Agyeman invented turnover figures…
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New research by Capital on Tap has found that 46% of business owners don’t have a business credit card, with 54% of consumers actively avoiding them For business owners, cash flow management is the main purpose of a credit card, with 80% highlighting this as their reason for use. Employee-related expenses such as payroll and…
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Aldermore Group has announced that Steven Cooper is stepping down as Chief Executive Officer (CEO). Cooper, who joined Aldermore in May 2021, has decided to leave for a new opportunity outside the banking industry where he has built a 20-year career. In his four and a half years with Aldermore. Raj Makanjee will step into…
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Small and medium enterprises (SMEs) in the UK are increasingly pivoting to focus on internal talent during a tough labour market, latest research from Shawbrook reveals. When asked about their plans for the rest of 2025, just under half (48%) of SMEs leaders revealed they are looking to upskill their current team, by far the…
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UK Finance’s latest Business Finance Review shows that SME lending by the main high street banks increased by 8 per cent in the second quarter of 2025 to £4.24 billion, compared with the same period last year. Within this total, gross lending to small businesses (with a turnover of up to £2 million) increased the…
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