Credit, Collections & Insolvency News
The Chartered Institute of Credit Management (CICM) has published a strategic report outlining its plans for the future following a comprehensive programme of research among members. The publication, entitled ‘Tomorrow’s CICM’, sets out how the study is helping to shape the future strategy and direction of the Institute. It explores the role, image and relevance of…
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Aberdein Considine has acquired Wallers Solicitors. The deal gives Aberdein Considine its first foothold in the substantial English and Welsh legal markets and enables the immediate expansion of its corporate conveyancing, litigation and debt & asset recovery services south of the border. The combined business, which will now trade under the Aberdein Considine brand, employs 380 staff…
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Research from Funding Options has announced that the number of businesses whose assets were seized by the HMRC in order to settle outstanding debts grew sharply in the last year is up 145%, from 649 in 2014/15 to 1,592 in 2015/16. Funding Options adds that HMRC seized assets to recover £42.6m of outstanding debt in the last…
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The construction sector saw the highest number of company insolvencies in the first quarter of the year, despite numbers falling year-on-year, latest data from the Insolvency Service has shown. In total 672 construction firms went bust in England and Wales between January and March, outstripping other sectors such as the ‘wholesale and retail trade; repair…
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A report by the Chartered Institute of Credit Management (CICM) has shown that business confidence continues to fall within the manufacturing sector following Brexit, according to the latest Credit Managers’ Index. The quarter index however, showed that confidence within the Services sector has slightly improved and rallied after a poor first quarter, arresting the decline of the index…
Read moreResearch released by Bibby Financial Services suggests that 1.4 million SMEs are forced to write-off debt each year. Findings from Bibby Financial Services’ SME Confidence Tracker report for Quarter 2, undertaken before the EU referendum, show that 27 per cent of SMEs have written-off money in the past year. Across the business population, findings equate to…
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The latest results Insolvency statistics from The Insolvency Service for Quarter 2 (April to June 2016) reveal that Company Insolvency numbers have gone down. The main findings of the report were: Total company insolvencies were lower than the previous quarter and also decreased on the year This decrease was mainly driven by a decrease in compulsory…
Read moreSTA International has announced the appointment of Mark O’Neil as Managing Director. Former Managing Director Colin Thomas will become Chairman. A list of the latest appointments in the credit industry can be found here.
Read moreNick Tubbs has joined JBW Group as their Chief Executive Officer.
Read morehttps://www.theguardian.com/business/2016/jul/15/hopes-for-bhs-rescue-fade-as-administrators-prepare-to-shut-20-stores
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http://news.sky.com/story/travel-firm-collapses-blaming-brexit-vote-10502946
Read moreLiz Truss has been appointed the new Lord Chancellor and Secretary of State for Justice. Truss was Secretary of State for Environment, Food and Rural Affairs.
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High Court Enforcement Group (HCE Group) has announced that Karl Harrison has joined its management team as Group Manager and Technical Advisor. Harrison is also a member of the board at the High Court Enforcement Officers Association (HCEAO)
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