Commercial Collections and Recoveries

Business confident falls in manufacturing: Credit Managers’ Index

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…

1.4 million SMEs write-off debt each year

Research 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…

Company Insolvencies decrease: The Insolvency Service

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…

STA International appoint new Managing Director

STA 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.

New Chief Executive Officer joins JBW Group

  Nick Tubbs has joined JBW Group as their Chief Executive Officer. 

Hopes for BHS rescue fade as administrators prepare to shut 20 stores

https://www.theguardian.com/business/2016/jul/15/hopes-for-bhs-rescue-fade-as-administrators-prepare-to-shut-20-stores

Lowcosttravelgroup collapses blaming Brexit vote

http://news.sky.com/story/travel-firm-collapses-blaming-brexit-vote-10502946

New Justice Secretary confirmed

Liz 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.

High Court Enforcement Group appoints Karl Harrison

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)

The Insolvency Service plans fee rises for creditors

Fee increases set by the Insolvency Service for corporate and personal insolvencies.

1.3 million people helped by the Money Advice Trust in 2015

  The Money Advice Trust t helped 1.3 million people to tackle their debts and manage their money last year.

Court Enforcement Services acquires Elliott Davies

HPD Software launches Aquarius Construction Finance for lenders