Credit, Collections & Insolvency News
New research from Paragon Bank has shown that SMEs are rapidly adopting Artificial Intelligence (AI), with half of businesses (50%) saying they are likely to replace some staff roles with AI or other technology‑based solutions. One in four (24%) SME leaders have no plans to reduce headcount through AI, while the remainder remain uncertain about…
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New research from Aegon’s Money has found that one in three adults has done nothing to prepare for their death, while 83% of adults say financial preparation for death matters with 43% deeming it ‘very important.’ A third (32%) have taken no steps at all, with only 38% having written a will, 26% having communicated…
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Latest figures released by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) grew by 3% in December 2025 compared with the same month in 2024. In 2025 as a whole, new business was 1% higher than in 2024. The business equipment finance and plant and…
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Hampshire Trust Bank (HTB) has promoted Henry Manley-Cooper to Deputy Managing Director of Bridging Finance. Manley-Cooper joined Hampshire Trust Bank as a senior underwriter within the second line credit function and has since contributed to strengthening credit discipline and commercial alignment across the bridging business. In his new role, he will report to Alex Upton,…
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New figures released by the Finance & Leasing Association (FLA) show that second charge mortgage new business volumes grew by 17% in 2025. Commenting on the latest new business figures for the second charge mortgage market, Fiona Hoyle, Director of Consumer & Mortgage Finance and Inclusion at the Finance & Leasing Association (FLA), said “The…
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Restructuring, turnaround and insolvency specialist R3 has announced that it has appointed Scott Murray as its new Chair in Northern Ireland. Murray, who is Managing Director at Keenan CF, will support R3’s programme of events and represent the interests of restructuring and insolvency professionals across the country. A licensed insolvency practitioner, Murray brings extensive experience…
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Latest figures released by the Finance & Leasing Association (FLA) show that consumer finance new business grew by 10% in December 2025 compared with the same month in 2024. In 2025 as a whole, new business in this market was 6% higher than in 2024. The credit card and personal loans sectors together reported new business…
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New figures released by the Finance & Leasing Association (FLA) show that consumer car finance new business grew 15% by value and 12% by volume in December 2025, compared with the same month in 2024. In 2025 as a whole, new business volumes grew by 2% compared with 2024. The consumer new car finance market…
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