Credit, Collections & Insolvency News
Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in July. 06472896 LTD 1313 BATH LTD 1489 CONSTRUCTION LTD 2 B FITNESS LTD 3K BUILDERS LTD 5 STAR SERVICES READING LTD A T P CONTRACTORS (MIDLANDS) LTD A WASTE SOLUTION LTD ABC HEALTHCARE & CONSULTANCY…
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In July, Winding Up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: 05034293 LTD 4MATION.SOLUTIONS LTD A. MORREY DISTRIBUTION LTD AESTHETIC COSMETIC LTD AFTERTHOUGHT GROUP LTD ALE TRADING LTD ALPHAMED REPORTING LTD AMIK PROPERTY INTERNATIONAL LTD ANDY MCNAIR BUILDING & MAINTENANCE LTD ASPEN GREEN ADMINISTRATION LTD BEAUFORT ASSET…
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Results from the latest Britsh Chamber of Commerce (BCC) Coronavirus Business Tracker reveal that businesses are still facing significant cashflow challenges with the schemes announced in the Summer Statement failing to provide support at the scale needed to protect jobs after the furlough scheme winds down. More than half of firms report cashflow decrease since…
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More than three-quarters of hospitality businesses in the UK are at risk of insolvency within 12 months, according to new research by UKHospitality. A survey by the trade body, in partnership with CGA, showed that one in five firms are at significant risk of insolvency, or expect insolvency, within a year. Over half of businesses…
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County Court Judgments (CCJs) registered against businesses England and Wales fell by nearly 30 percent in the first half of 2020 (H2 2020), compared to the same period in 2019, according to figures released by Registry Trust. The number of CCJs against businesses fell from 65,724 in HY1 2019 to 46,117 in HY1 2020. This…
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The total amount of debt registered against Scottish businesses in the first half of 2020 fell by 13 percent according to figures released by Registry Trust. The number of decrees against Scottish businesses also fell by 13 percent, from 1,140 to 990. The total value of decrees against businesses saw a large fall of 47…
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Credit Connect Media is set to launch a series of online digital discussion platforms focusing on technological and innovation developments and strategies within credit and collections Starting in August Credit Connect will launch its new 45 minutes news round-up series discussions with monthly guests analysing the industry developments in an ever-changing world. Titled ‘Connected News‘…
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The number of debt judgments against Northern Irish businesses fell by nearly 43 percent in the second half of 2020 compared to same period last year according to figures released by Registry Trust. The period also saw a large fall in the number and value of judgments against businesses in Northern Ireland from 615 to…
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The number and total value of judgments registered against Irish businesses have risen in the first half of 2020 compared to the same period last year, figures released today by registrar Irish Judgments show. Judgments against Irish businesses actually rose from 250 to 315, a rise of 26 percent over the period. But, the total…
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Bottomline, a provider of financial technology that makes business payments simple, smart and secure, has announced the launch of Pay Direct. This new Open Banking payment initiation service gives companies a more efficient and cost-effective way to receive online payment from customers. Bottimline says that new product is an alternative to the raft of payment…
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JBW Group has announced that Phoenix, JBW and Collect Services have merged together to form a single company, CDER Group, with the combined aim of delivering ‘Fairness in Operation’ across the collections and enforcement industry. Nick Tubbs, Chief Executive said: “I am absolutely delighted to have achieved this important milestone in our company’s history and…
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A new automated credit control app has been launched. The new app, Itsettled provides an automated, legally compliant process for SME’s to chase their outstanding invoices. The app has been launched by credit industry veteran Glen Morgan, who has recently acted as an advisor to the UK Government’s Parliamentary Review and Leadership council on late…
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The European Commission has approved, under EU state aid rules, a UK guarantee scheme to support the trade credit insurance market in the context of the COVID-19 pandemic outbreak. Trade credit insurance protects companies supplying goods and services against the risk of non-payment by their clients. Given the economic impact of the pandemic, the risk…
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