Credit, Collections & Insolvency News
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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New figures released by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) overall grew in July by 8% compared with the same month last year. New business for deals of up to £20 million increased by 10% over the same period. The IT equipment finance and…
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An increased focus on compliance risks detracting businesses from making investments to protect their organisation against fraud, according to new research by TransUnion (formerly Callcredit). The research, part of which forms the Fraud Fortress report, revealed that compliance is the area most commonly expected to drive increased expenditure (64%), potentially at the expense of prevention…
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The Federation of Small Businesses (FSB) has announced a number of recommendations to help improve high street businesses. This includes a freeze on business rates, increased free town centre parking and safeguards around access to cash and banking, must be put in place to help struggling businesses on the high street. The burden of rising…
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Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies: 06651667 LTD 07103590 LTD 1ST CLASS DAY NURSERY LTD 2 TO 5 EARLY YEARS LTD 22 ZERO FOUR CONSULTING LTD 24/7 CAR CARE LTD 500 DEGREES W. HILL LTD 626 CARS HAVANT LTD A & S ENTERPRISE…
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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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Peer-to-peer business lender, Assetz Capital, has announced the appointment of Chris Macklin as Chief Risk Officer. With over 35 years of experience at RBS/NatWest, including four years as head of complex customer management and strategic relationship management, Macklin brings to the company a wealth of knowledge and experience in strategic, credit and risk management within the financial…
Read moreThe 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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The Government has announced new tools that will improve rescue opportunities for financially-distressed companies. The measures have been announced alongside new reforms that will help the Government tackle reckless directors and improve corporate governance to protect creditors, employees and other stakeholders in companies approaching insolvency. Proposed reforms will help strengthen the UK’s business environment which is a…
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Business Secretary Greg Clark has announced new powers to ban company directors. The new directive intends to target directors who have dissolved companies to avoid paying workers or pensions meaning that director could be disqualified or fined by authorities for the first time. The new measures also aim to give more time to rescue struggling…
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UK Finance has published its July Business Finance update indicating that lending to manufacturers grew by 7.1 per cent in the last 12 months, in contrast to a wider 2.2 per cent contraction overall in UK business borrowing. Whilst K business deposits for non-financial companies grew by 1.9 per cent in the last 12 months. Commenting…
Read moreNew 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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