A group of cross-party MPs and Peers has joined a coalition of debt advice campaigners in urging the Government to break its silence on bailiff industry reform. Today marks a year since the Ministry of Justice (MOJ) closed its call for evidence on the bailiff industry, but despite overwhelming evidence of the need for wide-ranging…

Communities are being encouraged to take part in a new initiative to help improve access to cash. The new Community Access to Cash Pilots, being funded by the financial services industry, will help to work out ways to meet local access to cash needs. ATM and bank branch closures have fuelled fears that “cash deserts”…

Four in ten (37%) small businesses that made successful finance applications last quarter used the sums raised to manage cashflow rather than invest in their firms, according to new figures from Federation of Small Businesses (FSB’s) full Q4 2019 SBI latest report. Fewer than one in four (23%) used finance to update equipment, while even…

New figures released by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) grew by 1% in December 2019, and by 6% in 2019 to reach a record annual total of £35.7 billion. In December, the IT equipment finance sector continued to report double-digit growth as…

Secure Trust Bank Commercial Finance has bolstered its senior team with the appointment of Richard Foote as its Regional Managing Director for London and the South East as it looks to support more businesses seeking funding. Foote joins from ABN AMRO Commercial Finance (“ABN”) where he held the role of Director of Origination and Structuring…

Just, the enforcement market integration business has announced the launch of a VAT Support Group. The Ministry of Justice (MoJ) has committed to publishing guidance which will change the way VAT is collected by High Court enforcement businesses. It’s thought that industry changes will be required to ensure compliance and Just, says advice will be…

New figures released today by the Finance & Leasing Association (FLA) show that FLA members provided a record £140 billion of new business which helped businesses invest in new equipment and households manage purchases. 2019 saw growth across FLA markets with asset finance and consumer finance new business up by 6% and 1% respectively, compared…

A new insight report by trade credit insurer Atradius has highlighted the risk in the North American markets,. The country report focuses on the United States, Mexico and Canada (USMCA) region, detailing the political and economic landscape alongside an insolvency forecast and performance outlook into key industries. Within the report, Atradius highlights the slowdown in…

AI firm Sidetrade and global mobile satellite communications company Inmarsat, has announced that they have won the ‘Vendor/Client Transformation of the Year’ Award at the Future of Finance and CFO Summit Awards, held in London. The judging panel of senior finance professionals singled out the fruitful relationship between the scale-up company and the world leader,…

Debt recovery specialist Spratt Endicott has announced the appointment of Heather Jackson as Business Development Manager. Jackson will be tasked with driving the department forward, helping to secure new accounts and maintaining strong working relationships. Richard Gwynne, Director of Commercial Recoveries at Spratt Endicott, said: “We’re delighted to welcome Heather to the team. The ability…

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