Credit, Collections & Insolvency News
The UK’s smaller businesses are facing a total bill of £2.16 billion to chase overdue payments, according to Bacs Payment Schemes Limited (Bacs). That’s in spite of a dramatic drop in the overall late payment debt, with new figures showing that UK small to medium size enterprises (SMEs) are owed £14.2 billion in contrast with…
Read more
Callcredit Information Group and company information provider DueDil, have partnered to launch KYC for Business – an enhanced KYC (know your customer) service. The new KYC for Business service will offer clients the combination of two services via one single enquiry, helping to streamline any business customer checks they need to perform whilst ensuring they are…
Read more
SME Lender iwoca and Italy’s Intesa Sanpaolo, are partnering to provide Intesa’s SME clients with innovative credit products to bridge the funding gap and support growth in this key section of the economy. The partnership will leverage iwoca’s market leading SME lending platform and Intesa’s expertise in building banking operations across Italy, Central Europe, Eastern Europe,…
Read more
Business finance provider, Henry Howard Finance, has appointed a new regional director for the South West to its Asset Finance division. With a career in finance spanning more than three decades, including 10 years as a director of asset finance at Lombard, Richard Arnold, joins the firm as South West regional director. Mark Crook, Group CEO…
Read moreThe Federation of Small Businesses (FSB) is calling for improved lending standards and an enhanced British Business Bank (BBB) in support of new recommendations from the Banking Futures initiative. FSB is urging all banks to sign-up to the Lending Standards Board (LSB)’s standards of practice for business customers, as set out in the ‘Banking Small…
Read more
The Federation of Small Businesses (FSB) has called on Communities Secretary Sajid Javid to provide a letter of direction to local councils in England to speed up help for small firms facing unacceptable increases in their Business Rates. £300 million in discretionary relief was promised in the Budget in March, yet many local authorities have so…
Read more
Star Asset Finance (SAF) has continued its consolidation of the SME asset finance market by completing the acquisition of Credo Holdings. Norwich-based Credo was established in 2005 as an independent provider of asset finance. The company has a growing own-book portfolio, coupled with brokered finance supported by a number of industry funders. Specialising in hard and soft…
Read moreLiquidation notices have been issued and advertised in the London Gazette for the following companies: 08135583 LTD A & A NANDRA LTD A & M DELI LTD A CASA RESTAURANT LTD A D SHAW JOINERY CONTRACTS LTD A-S ELECTRICAL SERVICES UK LTD A101 LTD ABSOLUTE PROPERTY MAINTENANCE BUILDING SERVICES LTD ACADEMY FOR GROWTH LTD ACORN PRINT…
Read more
A new Fraud & Risk report carried out by Callcredit Information Group has revealed the key biometric technologies organisations are planning to introduce in identity verification procedures over the next three years, as part of their ongoing fraud prevention efforts. These include; biometric screening techniques (26%) artificial intelligence systems (24%) voice recognition systems (23%) Despite these aspirations, less…
Read more
The Federation of Small Businesses (FSB) has welcomed the Government’s announcement that 32 of it’s biggest suppliers have signed up to the Prompt Payment Code. The move represents a positive step in tackling the poor payment culture that is rife in the UK. Research from FSB highlights that the UK’s poor payments culture costs the…
Read moreOpen GI, has announced a new partnership with Equifax. The deal will equip brokers with a new dedicated business insight service for SMEs and larger commercial organisations. The check, which will be available through Open GI’s fraud validation platform, uses Equifax Business Insights to provide access to financial information on UK businesses, including SMEs. It calculates…
Read more
Financial software provider Rimilia, has announced a partnership with French Company Fi Software to provide cutting edge AR automation solutions and serve the rapidly growing French market. Fi Software, based in Paris, will serve the entire French market and is spearheaded by Co-founders Stéphane Hilliere and Raphaël Viette. Stéphane and Raphaël Stéphane Hilliere, Co-founder of…
Read more
The Federation of European Credit Management Associations has released a statement to announce that the European Commission has launched a single platform to access information on companies registered in the EU member states. This single platform links national business registers to facilitate cross-border trade and increase confidence and transparency in the EU Single Market. It…
Read more