Credit, Collections & Insolvency News
Bupa Insurance Services poor payment practices have been exposed in a new report by The Office of the Small Business Commissioner. The reports names Bupa for failing to pay adequate compensation to a small business in a case of late payment of invoices, following an investigation into a complaint. The small business commissioner found that…
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Dun & Bradstreet’s latest UK Industry report has revealed that retailers continued to face a challenging business environment throughout the first half of the year. Between falling year-on-year sales, as reported by both the BRC and ONS, and a growing number of vacant stores, retailers are feeling the brunt of consumer uncertainty, particularly surrounding the…
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Credit checking specialist, Creditsafe, has added fifty new members to its specialist group support team in Cardiff Bay, across IT, security, development and product. The appointments are helping to expand the companies offering in these areas to meet the ever increasing demand in specialist credit data. Amongst the appointments includes Wouter Morkel, has joined the…
Read moreA new report by Credit Benchmark has highlighted the pressure of Brexit on Restaurant and Bar businesses. The report says that the UK industry has been suffering under the ‘Brexit Effect’ for some time now, with a downturn observed across both large and smaller businesses around the country. One of the hardest hit industries has…
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Dun & Bradstreet and the Chartered Institute of Credit Management (CICM) have announced the findings of a multi-national study on how respondent finance and credit leaders are adopting automation in their departments and the challenges they face in implementing automation. The informal study found that while 87% of respondents believe automation will improve their respective function’s…
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West Kent and Ashford College (WKAC) is set to enter education administration under the insolvency regime created by the Technical and Further Education Act 2017. WKAC bosses have filed a request to also be placed into education administration after the FE Commissioner recently recommended East Kent College Group should take on its provision and facilities…
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In July, the following administration notices have been issued and advertised in the London Gazette for the following companies: 39-45 GRANSDEN AVENUE LTD ALBION BLADES LTD AMG CHATHAM LTD ASPIN GROUP LTD ATLANTIC CARBON GROUP PLC BATHSTORE.COM LTD BAYLIS AUTOMOTIVE (SMETHWICK) LTD BILLY FOUNDER LTD BOURTON SPA LTD BROADREACH HOUSE BUXTON POWER LTD C.G.P.M. LTD…
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Winding Up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: 06718888 LTD 1-2-1 CLAIMS LTD 120 HOLLAND ROAD LTD 123 AP LTD 17 CLARGES STREET RTM COMPANY LTD 3 AD 3 LTD 30 JAMES STREET LTD 360 BUSINESS PARTNERS LLP 4 WESTERN ROAD (POOLE) LTD A & S…
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Latest statistics from the British Retail Consortium show that one in four high street shops are now vacant. The national town centre vacancy rate was 10.3% in July, a slight increase on the previous quarters rate of 10.2% and the highest since January 2015. High Street footfall declined by 2.7%. Following from the increase of…
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UK plc borrowing rose for the eighth consecutive year in 2018/19, according to the latest Link Group UK plc Debt Monitor. Net debt (total borrowings less cash), jumped 5.8% to a new record of £443.2bn, even allowing for higher cash balances. Net debt has now risen by three quarters since the low point reached in…
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Build UK, a representative organisation for the UK construction industry says that its members are continuing to improve their payment performance based on data submitted under the Duty to Report on Payment Practices and Performance. Build UK began publishing this information just 12 months ago, ahead of the Cabinet Office confirming its intention to take account of payment…
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New research from Direct Line for Business has revealed that over the past five years high street businesses have been closing at a rate of four every day as part of the radically changing face of high streets in England and Wales, with shops increasingly being converted into restaurants or takeaways. In 2018/19 two thirds…
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UK businesses trade all year round yet more than a quarter (27.4% or £548b) of their revenue is driven by seasonal peaks according to the latest research by MarketInvoice Business Insights, the survey explores their preparedness and challenges in dealing with seasonal demand. Seasonal demand refers to peaks in business activity that correspond to various factors…
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