Credit, Collections & Insolvency News
Latest Office for National Statistics (ONS) data has shown that inflation held at 3.8 per cent in the year to August. Core Inflation came in at 3.6% in the 12 months to August, down from the 3.8% in July and in line with forecasts. Commenting on today’s inflation figures for August, ONS Chief Economist Grant Fitzner…
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New data from Millbrook Business Finance has found that four in ten (35%) said access to affordable finance is one of their biggest challenges. The survey data asked SMEs what the single biggest challenge facing their business right now, with 14% highlighting rising operational costs, whilst 14% noted economic uncertainty, and 13% cited late payments. A…
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The owner of a scaffolding company who fraudulently obtained £100,000 in Covid loan funds has been ordered to repay the money in full, with interest of more than £15,000. Mark Degnan, repaid £55,608 before appearing at Leeds Crown Court on Monday 15 September where he was ordered to repay the remaining £59,578 within six months.…
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Camco Finance and LendingMetrics have announced a new partnership. Camco Finance, a specialist flender or the motorhome, caravan and campervan sector will be using LendingMetrics’ multi-award-winning ADP to assess and onboard customers. Its selection of the platform was based on LendingMetrics’ ability to deliver an automated solution swiftly and cost effectively. David Wylie, Commercial Director…
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The Building Societies Association (BSA) has announced the appointment of Sarah Harrison as its next Chief Executive Officer (CEO). Harrison, has over 30 years in strategic leadership roles as a public servant, working both for regulators and the government and will take up the role from 1st December. Harrison joins the BSA from the UK…
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