Credit, Collections & Insolvency News
Winding up Petitions have been issued and advertised in the London Gazette for the following companies: A.G. LAMB LTD ACQUISITION 395446180 LTD ACQUISITION 395448370 LTD ACS FACILITIES LTD ADC TRADING (UK) LTD ADRIAN V LTD AESTHETICS OF LONDON LTD AIREDALE ENVIRONMENTAL SVS LTD ALBY DISTRIBUTION GROUP LTD ALEGRO ADVISORS LTD AMB ROOFING SERVICES LTD ARCRO HOLDINGS…
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The Insolvency Service has handed out 573 director disqualifications lasting more than five years in 2016/17, the highest figure since 2010/11. In 2015/16, it handed out 532 bans. Data from the regulator showed that, in total, there were 1,214 director disqualifications in 2016/17, compared with 1,210 one year earlier. The regulator said the average period of…
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The number of debt decrees registered against Scottish companies rose by 21 percent during the first quarter of the year, according to figures released today by Registry Trust. Over the same quarter the average value of a company decree rose by five percent. By contrast decrees against businesses which were not incorporated moved strongly in…
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Court Enforcement Services announces that they have appointed Chris Browning as the new Head of Client Services. He replaces Adele Whitehurst, who wishes to take a break from the industry and relocate overseas. Browning has over 10 years’ experience in client services which includes senior and global management roles with WGSN, the international consumer trend…
Read morePhoenix Commercial has launched a new High Court Enforcement service. Paul Caddy, Managing Director and Authorised High Court Enforcement Officer (AHCEO) has brought together an experienced High Court team, headed up by Nicola Harrington-Carter as Director of High Court Services. Harrington-Carter a former Director at The Sheriffs Office, brings with her Melissa Church as Marketing…
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The Civil Enforcement Association (CIVEA), which represents all the major civil enforcement agencies along with a number of independents, is to host a major conference this September 20th at One Great George Street in Westminster. The one-day event will include a conference and exhibition and will be free to delegates drawn primarily from local authorities. …
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Ward Hadaway and Weightmans have today announced that they have mutually agreed to withdraw from their merger discussions. According to a statement, both firms could see undoubted benefits of the merger and have a great deal in common around culture and values. Following discussions, however, both firms reached a consensus their respective strategic priorities were not…
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Belfast firm MKB Law has appointed James McIlveen to join its’s debt recovery team as a legal executive. McIlveen will be dealing exclusively with debt recovery and collection matters. McIlveen said: “I have accumulated over 30 years of commercial litigation experience, and was admitted as a member to the Institute of Credit Management in December 2002. I…
Read moreWinding up Petitions have been issued and advertised in the London Gazette for the following companies: 4FRONT CLEANING LTD A & D HOMES LTD A & R HEATING & PLUMBING LTD A M GAS SERVICES AARON WEBSTER LTD ABSOLUTE HOME TEXTILES LTD ACTIONWAY LTD AE SYSTEMS LTD AERIAL CREATIONS LTD AGILE CONVEYANCING SEARCHES LTD AGP STEEL…
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With the announcement that the new debt pre-action protocol (PAP) has been approved and the implementation date set for 1 October 2017, debt recovery specialists are examining what the changes will mean for creditors and debtors. The main departure from the previous regime is that sole traders are now to be considered an individual rather…
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Small businesses chasing payment for overdue invoices achieve significantly better results by sending solicitor’s letters, known as a letter before action (LBA), according to new research from fintech firm Ormsby Street. Two-thirds of LBAs sent will result in a small business being paid within seven days, while two-thirds of overdue invoices will remain unpaid after one…
Read moreLendInvest and Pepper UK, have agreed to form what is believed to be the industry’s first partnership between a UK online property finance marketplace and an outsourced loan servicing business. Under the terms of the partnership, Pepper UK will take responsibility for servicing all new loans originated by the LendInvest team. The LendInvest team will…
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One in every five business energy bills contains errors according to a research report by Inenco. The report also believes that businesses could be sitting on half a billion pounds in inaccurate charges and miscalculated utility bills. Energy bills mistakes include incorrect rates, human error, complex data flows and meter reading errors. Collectively, these inaccuracies…
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