Credit, Collections & Insolvency News
Corporate recovery and business advisory firm, Quantuma has appointed Mark Hendrick as Director of Credit Services. Hendrick brings 24 years’ experience in this field, in a career including spells at Opus Restructuring and RSM Tenon. Quantuma managing partner Carl Jackson said: “Mark is extremely well known in the industry and brings with him a wealth…
Read moreOnline business lender Spotcap has issued more than €120 million in credit lines to small and medium-sized enterprises (SMEs). Jens Woloszczak, Spotcap Founder and CEO: “We’ve experienced significant growth over the past three years, which is a testament to the fundamental need SMEs have for flexible and accessible financing. With close to 60 percent of…
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Business Peer to Peer lender ArchOver has revealed that it has nearly doubled its overall lending in the first nine months of this year. Since January 2017, total lending over the platform has reached £21.39 million, bringing the cumulative total that ArchOver has lent to date to over £48 million. Proving that the appetite for P2P…
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Metro Bank has announced the appointment of Roger Fenwick as Director of Specialist Sectors for its commercial business, responsible for the expansion and development of the bank’s dedicated sector teams. Reporting directly to Mark Stokes, Managing Director Commercial Banking, Fenwick will oversee the bank’s healthcare, hospitality and leisure, insurance and financial services, and property teams.…
Read moreShire Leasing has announced it has Top Hybrid Funder of the Year at the 2017 Leasing World Awards. The award recognises Shire Leasing as the leading company that has most successfully increased their Own Book funding portfolio and has now surpassed the 50% barrier of own-book to brokered deals, a great achievement for a truly…
Read moreAdvisory specialist Baldwins, who last year joined CogitalGroup to form part of their international business service group, has announced its largest acquisition to date. The firm is expanding into Scotland with two acquisitions which will see its revenue grow to £89 million. Campbell Dallas, which has offices in Glasgow, Perth, Kilmarnock, Stirling and Aberdeen, employs 260 staff…
Read more55% of UK small businesses are still not familiar with the General Data Protection Regulation (GDPR) despite its introduction being now less than a year away, according to a new business research by Collyer Bristow. The survey further reveals that the knowledge of GDPR is higher in larger businesses. However, 30% of executives at companies…
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Liquidation notices have been issued and advertised in the London Gazette for the following companies: 07715030 LTD 1ST CALL AUTO SOLUTIONS LTD 2 AM CREATIVE LTD 21 TOMBLAND LTD 2EON LTD A M COURIERS (NW) LTD A R A (2014) LTD A RUSHTON JOINERY LTD A.E.CROSS LTD ABOARD LTD ACE MOULDING SERVICES LTD ACTIVE PROPERTY SOLUTIONS…
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The British Business Bank, the UK’s national economic development bank, has published The Benefits of Diverse Finance Markets for Smaller Businesses, a report that provides a fresh analysis of the need for greater choice for the UK’s smaller businesses looking for finance to grow. The report explains why and how the Bank works to help increase…
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In its latest report Brexit: implications for financial reporting, ICAEW’s Financial Reporting Faculty suggests that UK plc should continue to apply internationally-accepted accounting standards if the UK wishes to retain its status as a major global financial centre. However, learning from the experience of the EU and other IFRS (International Financial Reporting Standards) jurisdictions, it…
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New research has found that 65% of businesses embrace fintech. Business finance company MarketInvoice surveyed UK businesses on their awareness and adoption of fintech (financial technology) products and services. 77% of UK businesses are aware of fintech products and services and two-thirds (65%) have adopted at least one fintech application, with a fifth (19%) taking…
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Businesses trading in the Americas have been warned about potential payment delays in a new report by trade credit insurer Atradius. The Atradius Payment Practices Barometer is an annual research report into the payment behaviours of global businesses and was prepared ahead of the recent natural disasters that have severely impacted parts of the region.…
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The Chartered Institute of Credit Management (CICM) has awarded Centre of Excellence status, its highest accolade for best practice in credit management, to four companies: Aimia Foods, The Adecco Group UK & Ireland, Aggregate Industries and Veolia ES UK. In the case of Aggregate Industries and Veolia, their status has been awarded for the second…
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