Credit, Collections & Insolvency News
Kuflink have promoted Narinder Khattoare as their new Chief Executive. Khattore was formerly Operations Director Former Chief Executive Tarlochan Garcha has left. Kuflink has also appointed Sukhdev Dhillon and Nattalie Weekes to the board. Khattoare said “Kuflink Group has grown rapidly in 2017 and it was important that we could welcome fresh expertise and promote talent from within to…
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Investec Bank has acquired Amicus Commercial Finance. In a statement, John Wilde Managing Director at Amicus Commercial Finance revealed the agreement he said “I will continue to lead the team and, operationally, it will be business as usual with all of our staff and processes remaining unchanged. Our focus will continue to be to provide you and…
Read moreCreditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies: 19 BELGRAVE MEWS LTD 1NORTH LTD 1ST COUNTY SCAFFOLDING LTD 3 BLUE WORLDWIDE LTD 53 ART LTD A S B INTERIORS LTD A TO Z BOOZE LTD A1 GROUP (UK) LTD ABA DINING LTD ABSOLUTE-DESIGNS LTD ACCOUNTABLE…
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Debenhams Ottaway has launched a new recovery product, DebtFast. The launch includes a dedicated website which contains a wealth of information for creditors and aims to demystify the debt recovery process for businesses. Inspired by the theme of predictable and fixed costs advocated by Lord Justice Jackson, DebtFast not only fixes costs of undisputed debt claims…
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Automated financial service specialist, Rimilia, has announced a series of appointments as the company structures itself for growth. The new appointments are on the back of a $25 million investment by Kennet Partners and Eight Roads Ventures in July 2017 The new hires span product development, customer support, sales and marketing, and operations. Marie-Christine Duda, a project analyst and…
Read moreDebt Collection Agency (DCA) Controlaccount has announced it has maintained its ISO certifications for their procedures and systems for the 4th year running. ISO 9001 and ISO 27001 are internationally recognised certifications which outline strict standards that organisations must meet for Quality Management and Information Systems procedures. Controlaccount, based in Stoke Prior, Worcestershire has successfully demonstrated,…
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Through a strategic alliance and the acquisition of a 10% stake in Caple, BNP Paribas Asset Management is providing an innovative platform to offer alternative credit to European small and medium-sized enterprises (‘SMEs’). Caple facilitates access to alternative credit for SMEs, working with international institutional investors to address gaps in the funding landscape by offering…
Read moreAlternative lending specialist, ThinCats has announced a senior hire to cover the East Midlands region. Mark Tunley joins ThinCats as Origination Manager, East Midlands, as ThinCats gears up for its next period of growth, and after the company announced a £200m funding programme in conjunction with its parent company, ESF Capital. Tunley oins ThinCats after 32…
Read moreFRP Advisory has announced the promotion ofArvindar Singh-Sall, who is based in the firm’s Birmingham office, to partner. Singh-Sall is a licensed insolvency practitioner and qualified accountant with 25 years of experience advising and managing business and corporate restructuring. She joined the firm as a director in 2014 and has delivered a number of assignments for…
Read moreInsolvency and restructuring firm CVR Global has opened a new office in Bristol and made three appointments. Steve Ramsbottom has been appointed as Partner. Ramsbottom has more than 28 years of restructuring and insolvency experience, including spells with Moore Stephens, Deloitte and KPMG. Jess Jennings has also joined CVR Global’s Bristol office as Associate Director,…
Read moreA new report by the Office of Tax Simplification (OTS) has made a number of recommendation to improve and simplify VAT. The OTS’s core recommendations includes: that the government should examine the current approach to the level and design of the VAT registration threshold, with a view to setting out a future direction of travel for the threshold, including…
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Small European businesses based in the UK pay their invoices more than two days faster than their British counterpart according to research by Opal Transfer. The research shows EU businesses based in the UK, are 9% quicker to pay invoices than British owned business. EU firms based in the UK take 18.4 days on average…
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While UK companies are is struggling to find confidence, there are some reasons to be cheerful, according to the latest ICAEW Business Confidence Monitor. Companies have seen improvements in profit growth, capital investment and sales volumes and are expecting continuing growth in 2018. Key findings for Q4 2017 in the report suggest: Although the Business Confidence…
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