Credit, Collections & Insolvency News
Small businesses could be stung with £355 million of extra interest payments if rates rise by 0.25 percent, new research has claimed. The research by debt adviser Hadrian’s Wall Capital shows that SMEs would be liable for an extra £355 million in interest payments in the first year if rates increased by a quarter. If…
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Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies: 04302886 LTD 06373349 LTD 102 (HALIFAX) LTD 109 (BRADFORD) LTD 147 HAVANA LTD 16S TECHNOLOGIES LTD 2C INSTALL LTD 2HG LTD 365 MANAGEMENT SERVICES LTD 3G CLEANING LTD 93LEISURE LTD A & J BUILDING AND ROOFING SERVICES…
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Fifty-five percent of UK SMEs are unable to access all funding needed to grow, and without the right knowledge or education on how to obtain it. Research from Liberis has found. Liberis report says that SMEs contribute more than £200bn a year; with this number expected to grow by almost 20% by 2025. The report…
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Wesleyan Bank has announced it has added to its management team the appointment of Simon Welling as Director of Sales and Marketing. Welling, who joins from Paragon Asset Finance, will report to the company’s Chief Executive, Steve Deutsch. Deutsch, Chief Executive of Wesleyan Bank, said: “Simon will play an instrumental role in the development and…
Read moreJudge and Priestley LLP (J&P) has announced that it has recently gained Financial Conduct Authority (FCA) authorisation. This comes in addition to its traditional authorisation and regulation by the Solicitors Regulation Authority (SRA). The move to seek FCA authorisation came in response to increasing client demands for J&P Credit Solutions (J&P CS), the debt recovery…
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Lex Autolease has appointed Ashley Barnett to Head of Fleet Consultancy. Barnett has 25 years’ experience in accountancy, with a focus on vehicle funding, company car policy and salary sacrifice schemes. He has spent 19 years in the Lloyds TSB group and previously worked within the Co-operative group. Managing Director of Lex Autolease, Tim Porter,…
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Commercial debt recovery specialist Yuill & Kyle has announced that it will become part of the MacRoberts Group. MacRoberts LLP is one of Scotland’s oldest and most established independent commercial law firms. With 42 partners and over 180 staff working in offices in Glasgow, Edinburgh and Dundee, their legal specialisms include banking and finance, construction,…
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The Peer-to-Peer Finance Association (P2PFA) has announces the appointment of Paul Smee as new independent Chair, succeeding Christine Farnish who is stepping down after a five-year term. This appointment follows a record-breaking year for the peer-to-peer lending sector with £2.9 billion lent through P2PFA platforms in 2017 alone. Smee brings more than 17 years’ experience…
Read moreBusiness finance company MarketInvoice has announced a partnership with credit trade specialist Euler Hermes. The agreement will see Euler Hermes provide credit insurance policies to customers of MarketInvoice in safeguarding their businesses. With Euler Hermes credit insurance, MarketInvoice customers who use invoice finance solutions will have the assurance that they are protected in the event…
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Clarke Willmott has announced a series of promotions within their debt recovery team. Phil Roberts has been promoted from Senior Associate to Partner in recognition of his contribution to the firm and the team. Phil, along with Partner Kat Quinton, will be responsible for jointly leading the team. Senior Associate Stuart Hoysted has also been…
Read moreArmstrong Watson has announced that Partner, Mike Kienlen, has been appointed Chair. Kienlen is a Partner in the Restructuring, Recovery and Insolvency service line and has worked for the firm for 13 years, based at their Leeds office. As Chairman, Kienlen will support Chief Executive Officer, Paul Dickson, with the leadership and strategic positioning of…
Read moreEquifax has launched a new solution to support the government Commercial Credit Data Sharing (CCDS) initiative seeking to stimulate competition and encourage new entrants in SME lending, thereby addressing the shortfall in access to finance. The new Equifax solution gives lenders a comprehensive picture of a businesses’ financial health to facilitate faster and more informed…
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Corporate recovery and business advisory firm Quantuma has recruited Maxine Reid as a partner in the Brighton office. Her remit will be to continue the growth of the practice in the south-east and along the south coast from her base in Sussex. Reid was formerly atKreston Reeves where she launched and headed up the Eastbourne…
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