Credit, Collections & Insolvency News
HM Revenue and Customs has launched a new hotline for the public to report fraud and evasion in the fight against tax fraud. This service will replace the two separate tax evasion and customs hotlines with one, streamlining HMRC’s intelligence gathering on tax fraud. Customers can report all kinds of tax fraud and evasion on the…
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New figures from the Association of British Insurers (ABI) reveals that trade credit insurers paid businesses the equivalent of over £4 million in claims every week last year. The ABI’s annual trade credit insurance statistics highlight that: Total claims paid to businesses due to non-payment in 2016 was £210 million, the equivalent of over £4…
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Three new alternative lenders have joined the recently launched Association of Alternative Business Finance (AABF) – Invoice Cycle, Merchant Money and Reward Finance Group. The AABF was launched on 1 February this year with the major ambition of championing and promoting the best standards of industry practice. The seven founding members, Capify UK, Catalyst Finance, Credit4,…
Read moreLiquidation notices have been issued and advertised in the London Gazette for the following companies: (BE)SPOKE DERBY LTD 189 PICCADILLY LTD 1DS SOLUTIONS LTD 1GAS & POWER LTD 2GEN MOTORS LTD 3X3 SOLUTIONS LTD 4 COUNTIES FARM SERVICES LTD 434 THE PLEDWICK WELL INN LTD 52N RESOURCING SOLUTIONS LTD 63 DEGREES LTD 7074 LTD A &…
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Online invoice peer-to-peer specialist MarketInvoice has announced the appointment of Shaun Alexander as Head of Risk. Alexander is a highly regarded senior management level professional with over 30 years’ experience in retail and corporate banking, namely at Barclays and Santander, where he led teams focussing on asset-based lending and business finance. Alexander began his career at Barclays in…
Read moreBibby Financial Services (BFS), has appointed Edward Winterton as UK Chief Executive Officer. Commenting on Winterton’s appointment, David Postings Global CEO at BFS, said: “I have worked with Edward for five years. His knowledge, experience and tenacity are a huge benefit to BFS and I am confident that under his leadership, our UK business will…
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Nucleus Commercial Finance has reached £500million of lending and plans to double this to £1bn in the next 12 months. Lending is up by 100% since April 2016 as more SMEs look for flexible finance solutions to fund their future growth. Since launch in 2011 Nucleus has lent to UK businesses ranging from start-ups to…
Read moreAldermore, the specialist bank, has made two senior appointments to its Business Finance risk team. Jon Flagg has joined as Risk Director for Asset Finance and Clive Gould has been appointed Risk Director for Invoice Finance. Having started his financial services career in corporate lending at NatWest, Flagg has over two decades of asset finance risk…
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Duff & Phelps has announced that Michael Bills has been promoted to a Managing Director in its London office as part of the Restructuring Advisory practice following two successful secondments to leading Asset Based Lending institutions. Bills specialises in providing strategic financial advice and planning to borrowers and lenders with ABL facilities. This advisory work…
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Henry Howard Finance (HHF), has added to its management team by appointing Anne Williams as Chief Operating Officer (COO). Williams has more than two decades of senior management experience at GE Capital. Joining GE Capital in 1994, Mrs Williams quickly rose up the ranks, eventually spending more than three-and-a-half years as fulfilment leader, helping the…
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Atradius has appointed Mike Thomas as Head of Risk Services for UK & Ireland. Thomas has nearly two decades of experience within Atradius, joining in 1999. Initially appointed as an underwriting and recovery specialist his roles included underwriting Atradius’ intensive care portfolio. Mr Thomas then became responsible for managing higher risk multinationals within the automotive,…
Read moreA collaborative working agreement between the National Association of Commercial Finance Brokers (NACFB), Towergate Insurance and Funding Circle, means that NACFB members can now arrange an unrestricted number of commercial loans with peer-to-peer lenders without jeopardising their insurance cover. Under the terms of the trade body’s membership, NACFB brokers must have professional indemnity insurance which…
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Independent Growth Finance (IGF) has appointed Paul Edmeades as the firm’s Head of Underwriting for Asset Based Lending. Edmeades joins the business from Shawbrook Business Credit, where his role was Business Development Director for over two years. He has also held previous positions at GE Commercial Finance and NMB Heller, and has over 20 years’ experience in…
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