Credit, Collections & Insolvency News
The potential impact of a ‘no deal’ Brexit on cross-border insolvency cases, as set out by the Government in a just-published technical note, is deeply concerning, says insolvency and restructuring trade body R3. Stuart Frith, R3 president, said “We would be deeply concerned about the impact of a ‘no deal’ on the UK’s insolvency and restructuring…
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The winners of the second annual Credit & Collections Technology Awards were announced last night at the Credit Services Associations’s annual Gala dinner at the Crown Plaza in Stratford-upon-Avon. Eighteen winners from the Awards categories which are covered by four main headings of Credit, Collections, Credit & Collections services and Innovation were revealed. Stay tuned…
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Small businesses are calling on the Government to immediately publish the Call for Evidence into poor payment practices announced in this year’s Spring Statement six months ago. The call comes after the release of the latest Duty to Report data highlights that just over half (52%) of invoices were paid within 30 days. The data…
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The Government has announced new measures to boost funding for small businesses. The new laws aim to help small businesses against unfair contracts that stop them raising money from unpaid invoices were put to parliament yesterday. Small Business Minister Kelly Tolhurst put forward new laws to arm small businesses against unfair contracts that stop them raising…
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New data released by Dun & Bradstreet has revealed that year-on-year, the number of companies liquidated in the three months to June rose to 4,148 from 3,372 of the same period the previous year, an increase of 23%. Dun & Bradstreet’s UK Q2 Industry Report, which looks at data from April to June, found Retail…
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Winding up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: 1DIG LTD 22ZERO FOUR CONSULTING LTD 3A PROGRAMME MANAGEMENT SOLUTION LTD 3D PROPERTY DEVELOPMENT (TURRIFF) LTD 4BC ASSOCIATES LTD 5 STAR GAS SERVICES LTD A & A COOLING LTD A DOGS LIFE CO LTD A H MARKETING SERVICES…
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Administration notices have been issued and advertised in the London Gazette for the following companies: A & A (MELTON MOWBRAY) LTD ABAKUS DIRECT LTD. ABCDEFG CORPORATION LTD AGENCY LIGHTING LTD AK (LIGHTING & SIGNS) LTD ALTEC ENGINEERING GROUP LTD AMARYLLIS GROUP HOLDINGS LTD AMARYLLIS GROUP HOLDINGS LTD ASSOCIATED STEEL WORKS LTD ATHENA ROOFING AND CLADDING LTD…
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Dutch real estate specialist Next Investments B.V. has announced the sale of its debt purchasing, collections and data businesses to UK debt purchaser Azzurro Associates for an undisclosed sum. The funding made available by this sale will be used by Next Investments to further expand the successful business activities of Solid Finance in order to…
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The total value of adverse county court judgments (CCJs) against businesses recorded in England and Wales rose sharply during the first half of the year, according to figures released by Registry Trust. In Q1 and Q2 2018, 63,452 CCJs were registered against businesses in England and Wales. Rising 19 percent compared to the same period…
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New research from Hitachi Capital Business Finance has indicated that the number of small businesses predicting growth for the next three months has hit its lowest level for more than a year – and the amount predicting they will struggle to survive or close has doubled from 5% to 10% in just three months. Hitachi…
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More than three in five small businesses (63%) are dealing with late payment issues – and the smallest businesses are those most at risk of dealing with non-payment – according to new research from Hitachi Capital Business Finance. With reports that 50,000 SMEs a year close their doors as a result of late payment –…
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The finalists for Credit Connect’s second annual Credit & Collections Technology Awards 2018, the UK’s celebration of tech innovators in credit and collections, have been revealed. The Credit & Collections Technology Awards, organised by Credit Connect, brings together credit and collections technology executives to honour the industry’s leading players across 18 categories. The Technology focused-Awards scheme seeks…
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Administration notices have been issued and advertised in the London Gazette for the following companies: 1313 BATH LTD 25 W2 LTD 4FIBS LLP ACCIDENT ADVICE SOLICITORS LTD ACTON COACHWORKS(SPORTS CARS) LTD ALCHEMY COATINGS LTD ANACO SYSTEMS LTD ANGUS CEREALS LTD APS DEVELOPMENTS LTD ARMOUR CONTRACTS LTD ASCOT LAWYERS LTD AURELIA (RESTAURANT) LTD AWH UTILITY SERVICES LTD…
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