Credit, Collections & Insolvency News
Alternative finance specialist, ThinCats, has announced that Tony Smedley has been appointed as Head of Sales Operations, and Richard Wilson as Head of Marketing. Smedley has most recently been supporting businesses in the finance sector who are preparing for start-up and subsequent growth. He brings 20 years of experience in leading teams in the business…
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Castle Water has announced its acquisition of Invicta Water, which provides water services to 50,000 business customers in South East Water’s service area. Customers will transfer to Castle Water in July, and do not need to do anything themselves for their accounts to move over. Castle Water has already successfully transferred over 300,000 customers in…
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Court Enforcement Services has now that it has appointed authorised High Court Enforcement Officer, Alan Smith. He will report directly to the Board on all compliance aspects of High Court Enforcement. Smith has significant industry knowledge with over 30 years high level management and operational experience within High Court Enforcement. His previous roles include; High Court…
Read moreCredit management specialist, Anglia UK has announced that it has strengthened its senior management team with the appointment of two new directors. Lyn Danaher and Duane Snelling join with more than 20 years’ experience each in the vehicle finance and credit industry. Beginning her career with NatWest, Danaher moved on to work for Deutsche Bank…
Read moreOutsourcing contracts worth £718 million were signed in the UK between January and March, with financial services and retail businesses the most active buyers, according to the Arvato UK Outsourcing Index. The research, compiled by business outsourcing partner Arvato and industry analyst NelsonHall, found that deals worth £363 million were signed in the financial services…
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Regulation is the biggest challenge facing businesses as new legislation impacts on companies according to the latest ICAEW Business Confidence Monitor (BCM). With business confidence moving back into positive territory and to its highest level for two years, staff turnover is also an increasingly growing concern as businesses find it difficult to replace departing workers,…
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Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies: 171 (RETAIL) LTD 208 LTD 21ST TELECOMS LTD 24 7 DISTRIBUTION SPECIALISTS LTD 24HR MANAGEMENT SVS LTD 25/4 2M MEDICAL SERVICES LTD 3 – FIVE – 8 LTD 3 WOOD (UK) LTD 3V LEISURE LTD 427 MOTOR…
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Credit insurer, Allianz Group has completed the last steps to become the sole owner of Euler Hermes. Following the completion of the simplified tender offer the legal conditions were met and Allianz has implemented a squeeze-out on the remaining shares of Euler Hermes it did not hold yet, followed by the delisting from Euronext Paris…
Read moreThe Insolvency Service has released the latest numbers business insolvency in Quarter 1 (January to March 2018). The figures indicate that an underlying number of insolvencies (excluding bulk insolvencies) increased to the highest quarterly level since Q1 2014. This was driven by a rise in underlying creditors’ voluntary liquidations and compulsory liquidations. Duncan Swift, vice-president of…
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The Federation of Small Businesses (FSB) is urging the Financial Conduct Authority (FCA) to provide more protection for small business owners who use personal assets as collateral for commercial loans. At present only the smallest firms can currently make a complaint to the Financial Ombudsman (FOS). The FCA is proposing to widen the definition of…
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The board of Hampshire Trust Bank plc have announces the appointment of Matthew Wyles as the Bank’s new Chief Executive Officer subject to regulatory approval. Wyles will join Hampshire Trust Bank with immediate effect as CEO (Designate). This follows the announcement late last year that Mark Sismey-Durrant, who has been CEO since 2012, had decided…
Read moreThe ICAEW has announced success with accountancy exams with students once again scoring top marks in their March 2018 ACA Professional Level exams and Level 4 Accounting Technician apprenticeship end-point assessments. Students scored high in all ACA exams, with Business Strategy and Technology seeing the highest pass rate (88.2%), closely followed by Financial Accounting and…
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Online lender Spotcap today opened the Fintech Fellowship to applicants. The programme offers an £8k award to a postgraduate student studying a fintech related course at a UK university. Applications will be open for four months and close on the 1 August 2018. The fellowship launched last year to raise awareness of the fintech talent…
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