Credit, Collections & Insolvency News
The gap between what aspiring homeowners can realistically afford and the actual cost of purchasing a home has widened significantly in recent years, according to the latest research by the Home Builders Federation (HBF). As a result, despite strong demand for housing, millions are unable to turn that demand into a purchase, with young people…
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Energy company, OVO will pay over £2.7 million in redress after failing to provide Warm Home Discount (WHD) rebates to 11,646 customers by the statutory deadline of 31st March 2024. These customers did not receive their rebate until November 2025 – more than 19 months late. The delay meant that some of the most vulnerable…
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Research by Pepper Money has found that more than 16 million people have now experienced adverse credit, showing that rising living costs and financial pressures are driving a sharp increase in credit struggles across the UK, the highest figure since the study began nine years ago. The data showed that adverse credit is now increasingly common…
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Dains has announced the appointment of Lee Brocklehurst as Business Recovery Director, based in Dains’ Birmingham office. Brocklehurst brings more than 25 years of experience in business recovery, restructuring and insolvency and joins Dains from Quantuma, where he was an appointment-taking Insolvency Practitioner. In his new role, he will lead the development of Dains’ Midlands…
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A Yorkshire waste operator has been sentenced after illegally acting as a company director while bankrupt. Jonathan Waldron was sentenced to 16 months in prison, suspended for two years, when he appeared at York Crown Court on Wednesday 21 January. Waldron was ordered to complete 200 hours of unpaid work and pay costs of £1,000.…
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