Credit, Collections & Insolvency News
Business decisioning data and analytics specialist, Dun & Bradstreet, has announced the appointment of Gary Kotovets as its Chief Data Officer. As Chief Data Officer Kotovets will lead the Firm’s comprehensive data strategy globally, including how the data collected through Dun & Bradstreet’s Data Cloud can be best utilised for new products that meet an…
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Two years on from its launch in the UK, only three fifths (60%) of UK small business decision makers know about Open Banking and are therefore unaware of the profound differences it could make to their business, and the global economy. A new report from intuit QuickBooks has revealed the findings of its global research…
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In January, the following administration notices have been issued and advertised in the London Gazette for the following companies: A.R.G. (MANSFIELD) LTD AMG DEVELOPMENTS LTD ATLAS CITY GLOBAL LTD BEALE LTD BOTLEIGH GRANGE LTD BREEZE ENERGY SUPPLY LTD BROCKET HALL (UK) LTD BUTTIMER ENGINEERING UK LTD C.E.M.PRESS LTD C45 LOGISTICS LTD CARTERS HAULAGE LTD CCL35…
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Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in January: 2 X 2 LTD 32 DEGREES TANNING LTD 389LOG LTD 6 MUSTARD LTD 607 ENGINEERING LTD 786 EXPRESS LTD A & S WINDOWS LTD ABALAN LTD ABBEY GARDEN MACHINERY LTD ABBOTTS BUILDING CONTRACTORS LTD…
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In January, Winding Up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: 4500 MILES FROM DELHI LTD 4D ELECTRICAL SERVICES LTD AA STAR CLEANING LTD ABACUS ESTATES (LONDON) LTD ABBEY INNS LTD ABSOLUTE ROOFING CONTRACTORS LTD ABUELO COVENT GARDEN LTD ADMIN HELPERS LTD ADVANCED HAIR DESIGN LTD AEMCA…
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A survey of 279 SME manufacturers reported that optimism about the business situation rose at the strongest pace since April 2014 in the quarter to January. The upward swing in growth from the previous quarter was the largest improvement in optimism in a single quarter in the survey’s history (since October 1988). Optimism about export…
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Business Insolvencies can be expected to continue to rise in the UK, up 7% or higher in 2020 following Brexit’s confirmation (on Friday 31st January) according to predictions by Atradius. Atradius says, we can expect to see a rise in business failures throughout most of Europe, albeit at a more moderate rate. Insolvencies in the…
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The number of companies that entered insolvency in Northern Ireland during the run-up to Christmas is significantly up on last year. There were 114 company insolvencies in the final three months of 2019. It represents a 56.2 per cent rise in company insolvencies compared with the same quarter in 2018. Some 79 were cases of…
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Representatives of the construction industry, Build UK, have published the latest payment results submitted by its members under the ‘Duty to Report on Payment Practices and Performance’. The report’s aim is to create greater transparency across the construction sector which in turn will lead to improved payment practices. The report shows that contractor members showed…
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There was a 20 percent rise in the number of judgments recorded against consumers in the Republic of Ireland in Q4 2019, compared to the same period last year, figures released by registrar Irish Judgments show. Consumer judgment numbers rose from 516 in Q4 2018 to 618 Q4 2019, while the total value grew by…
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Judgments taken out against consumers in Northern Ireland rose 16 percent in Q4 2019 compared to the same period in 2018, according to figures released today (27th January 2020) by Registry Trust. 1,732 judgments were taken out against consumers compared to 1,494 in Q4 2018. The average value rose by 7 percent pushing up the…
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The Insolvency Service has released its annual figures on business insolvencies which show that excluding one-off ‘bulk insolvency events’, seasonally adjusted corporate insolvencies in 2019 rose 6.8% from 2018. Excluding these one-off events, there were 17,196 business insolvencies in 2019 – the highest since 2013 Underlying Creditor Voluntary Liquidations were at their highest annual level…
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The second Commercial Credit & Collections conference saw the themes of Brexit and technology within credit management discussed at an event hosted by Aon and CVR Global at last week’s (23rd January 2020) event held at the Leadenhall Building in London. Over 80 industry professionals from the commercial credit management sector attended the event. The…
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