Credit, Collections & Insolvency News
Administrators have been appointed to lending platform Amplifi Capital. Amplifi, via the Reevo Money brand, offered unsecured personal loans. Amplifi also supported Credit Unions through the provision of customer loan origination and servicing activities. This was performed through the My Community Finance brand, which operated as an authorised credit broker. Customers were also introduced to…
Read more
4.7 million businesses will be required to submit additional financial data to Companies House under major transparency reforms confirmed by the Government. From April 2028, small companies and micro-entities will be required to file profit and loss accounts with Companies House under changes introduced through the Economic Crime and Corporate Transparency Act. The reforms are…
Read more
UK Finance has announced the start of an expanded pilot programme, delivered in partnership with Shelter, the housing and homelessness charity, to improve access to banking services for people who may face barriers to opening a bank account. Helping people who don’t have the standard ID or proof of address required to open an account…
Read more
Football fans are being urged to think twice before acting on financial tips shared over social occasions like the World Cup this summer, as research shares how widespread informal money tips have become. The warning comes as a study of 2,000 adults by Skipton Building Society found that nearly one in seven (15%) have been given financial…
Read more
Finance & Leasing Association (FLA) Chief Executive Shanika Amarasekara MBE has called for greater recognition of commercial finance as a critical driver of UK economic growth, arguing that the investment decisions made by businesses across the country are the driving force behind productivity, job creation and economic expansion. Speaking to industry leaders, she highlighted the…
Read more
Opus Restructuring and Insolvency has announced that it has strengthened its advisory and insolvency offering with the appointment of experienced partner Simon Campbell, as the firm continues to expand its South Coast presence. Based in Southampton, Campbell brings more than 30 years of experience advising businesses, lenders and stakeholders across a wide range of sectors.…
Read more
Debt purchase and credit management specialist Lantern Group has announced that it has secured an enhanced funding facility with its lending partners. The new £135 million facility, which increases the Group’s borrowing capacity and extends maturity, will support Lantern’s strategic growth plan and reinforce its competitive position. The Debt & Capital Advisory team at Interpath…
Read more