Credit, Collections & Insolvency News
Credit information specialist Cocredo has announced it is celebrating its 15th anniversary. The business was established as part of Wyse Leasing and became a stand-alone Private Limited Company in 2005. Managing Director, Dan Hanocks has been with CoCredo from the start and took over complete ownership of the business in 2015. He has seen the company…
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Liquidation notices have been issued and advertised in the London Gazette for the following companies: A & N PENNINGTON (MANCHESTER) LTD A.JÆS AUTO SERVICES LTD ABB TRADING LTD ACCESSDATA CORPORATION LTD ACE ARC LTD ADVANCED CLIMATE CONTROL LTD ADVICE 4 BUSINESS (UK) LTD ALEXANDER LUCEY LTD ALLSURE LTD T/A CHASE ALEXANDER ALLWOOD INTERIORS LTD AMAVI LTD…
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20% of restaurant businesses in the UK currently exhibit warning signs that they are at risk of going insolvent according to new research by Moore Stephens. The research shows that 14,800 restaurants are faced with the threat of going under as Brexit and rising labour costs put a strain on the industry. Since the Brexit…
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Retailers operating in the new water market are working closely with the Consumer Council for Water (CCWater) to tackle the root causes of a rise in complaints from businesses to the watchdog. CCWater received 559 complaints from non-household customers during the second quarter of the year – around three times as many as the same…
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Ashley Finance have appointed Dawn Trustam as its new Sales Director. Trustram had previously worked at Funding 365 as a Business Development Manager for just under two years, where she was responsible for managing the whole of England and Wales. She has also worked as a Business Executive, supporting four external BDM’s and specialising in all aspects of…
Read moreAs speculation grows that the Bank of England Policy Committee (MPC) will increase interest rates at its next meeting in November, the ICAEW is advising businesses to be prepared following over 8 years of historically low rates of 0.5% and, since the Brexit vote, 0.25%. Matthew Rideout, ICAEW Director of Business, said: “Many businesses have…
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The number of Scottish business facing liquation has declined by 23% over the three months leading up to September, according to new research from KPMG. In the year leading up to September 2017, there were 802 insolvency appointments, a drop from 1040 in the previous year. Between June 2016 and June 2017, there was also…
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Peer to peer lender RateSetter and information services company Experian have announced a new partnership which aims to help RateSetter make good credit decisions as it grows its commercial finance operation. RateSetter investors have lent more than £2 billion to a diverse range of individuals and businesses across the UK since the platform launched in…
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The Office for National Statics (ONS) has reported that fraud crime in England and Wales has hit 3.3million in its latest statistical bulletin. Responding to the reportt John Cannon, Commercial Director Fraud & ID, Callcredit Information Group, said: “Today’s ONS statistics, reveal that there were 3.3 million incidents of fraud in England and Wales alone, and over half…
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The cyber security risk to UK organisations continues to increase in both severity and impact, but nearly one in five (17%) admit they don’t prepare or drill for cyber attacks, and fewer than half (49%) conduct penetration tests to examine their defences according to a new report by PWC. PwC’s Global State of Information Security Survey…
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The Information Commissioner’s Office (ICO) will launch a dedicated telephone service aimed at helping small businesses prepare for new data protection laws. The phone service will add to a package of tools and resources already available for organisations getting ready for the General Data Protection Regulation (GDPR) which comes into effect on 25 May 2018.…
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Construction specialist, Aggregate Industries, has secured a Aecus Automation Award for a robotic process automation project with Rimilia. The Awards were presented by Paul Morrison, Managing Director from Aecus at the Hackett Group’s Best Practice Conference on in London. Robotic process automation, or RPA, is Robotic Process Automation (RPA) is the application of technology that…
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New Government figures show that less than half of eligible English councils have begun allocating their share of the £300 million business rates hardship fund launched six months ago. Sixteen English councils have not implemented any of the three business rates relief measures announced by the Chancellor at the Spring Budget. The area worst affected…
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