Credit, Collections & Insolvency News
A nationwide study of the financial wellbeing of UK workers ‘The DNA of Financial Wellbeing 2017’ report has revealed that 31% cite finance as their biggest concern. However, nearly half of HR directors think that their employees biggest concern is work life balance (48%) and career development (43%), demonstrating a mis-alignment between employee and employer. The…
Read moreKPMG and peer-to-peer (P2P) lending platform Twino have released the first ever Alternative Lending Index (ALI). The report compares lending environments across Europe over the period 2010- 2016. The ALI uses information gathered from the European Central Bank and Eurostat, as well as the central banks of the countries outside the Euro area. The Index provides a scale…
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There was a sharp increase in the number of county court judgments (CCJs) against companies in England and Wales during the first quarter of the year, according to figures released today by Registry Trust. In Q1 2017, 29,811 CCJs were registered against all businesses in England and Wales. The increase of 36 percent compared with…
Read moreThe Federation of Small Businesses (FSB) has warned small businesses in the UK to take urgent steps to protect from a cyber ransomware attack this week, following specific concerns it has received from the National Cyber Security Centre. As well as following its cyber protection advice, FSB says smaller businesses should put in place specific cyber…
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New figures released today by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) grew by 5% in March, compared with the same month last year, and by 9% in Q1 2017 overall. For deals of up to £20 million, asset finance new business in March grew…
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The British Business Bank should be readied to replicate the current role of the European Investment Bank (EIB) and European Investment Fund (EIF) in supporting small business finance markets once the UK has left the EU, according to the Federation of Small Businesses (FSB) Brexit in a new report. Under FSB’s new proposals, the British…
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Billions of pounds in EU funding dedicated to supporting small firms must be replaced to avoid the risk of an economic slowdown post-Brexit, according to the latest Federation of Small Businesses (FSB) report. FSB is calling on the new Government to seize the opportunity presented by Brexit to radically reform England’s business support landscape. Its…
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The Centre for the Study of Financial Innovation (CSFI) has published a new report examining the growth of Peer to Peer and how it is been used by small businesses and investors. In the report, Andy Davis looks at the explosive growth of new sources of finance for small businesses over the past five years represents…
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The smallest businesses should not be excluded from plans to cap ‘rip off’ energy bills, according to the Federation of Small Businesses (FSB). A price cap for the 17 million households on variable standard tariffs would deal a double blow to microbusinesses – these firms are the most vulnerable and so deserve protection. Under today’s…
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Liquidation notices have been issued and advertised in the London Gazette for the following companies: 1066 IT SOLUTIONS LTD 108 VAUXHALL LLP 4D MEP CAD LTD A C PRODUCE (IMPORTS) LTD A L BENEFIT SOLUTIONS LTD AA INDUSTRIES LTD AAHP LTD ABE HEALTH CARE LTD ABLE DIGITAL CONSULTING LTD. ABSOLUTE PROPERTY SERVICES GROUP LTD ACCIDENT CLAIM…
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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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