Credit, Collections & Insolvency News
Marston Chief Executive, Gareth Hughes, has won the Transformational Leader prize at the London & South EY Entrepreneur Of The Year awards in London. The EY Entrepreneur Of The Year programme, now in its 31st year globally and 19th in the UK, celebrates men and women that are building and leading successful, growing and dynamic…
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The number of debt decrees registered against Scottish businesses reached a record low during the first six months of the year, according to figures released by the Registry Trust. There were 1,198 debt decrees registered against Scottish businesses in the first half of 2017, down a third on the previous year and the lowest on…
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Late payments are an even bigger challenge for those medium-sized companies, with 94% of businesses employing over 50 people reporting that the issue is causing cashflow problems for them according to new figures from Ultimate Finance. In partnership with BDRC Continental, Ultimate Finance conducted research into the impact of late payments on the SME sector.…
Read moreThe Irish Small & Medium Enterprises Association (ISME) Credit Watch latest survey shows that late payment has deteriorated from 59 days to 61 days in Q2. Dublin and Ulster businesses are waiting the longest to be paid. Commenting on the results ISME, CEO Neil McDonnell said “Todays’ results are disappointing. Late payments are a big issue for SMEs;…
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Winding up Petitions have been issued and advertised in the London Gazette for the following companies: 34W LTD 360PRECISION LTD 365 (2012) LTD A 2 DELICIOUS LTD A&J WATER TREATMENT LTD AAA DRIVEWISE CONTRACTS LTD AALBORG PLACE LLP AB RESTAURANTS LTD ABEL OF HERTFORD LETTINGS LTD ACORN DEVELOPMENTS (KENDAL) LTD ADASTRA PUB COMPANY LTD ADVANCE EMPLOYABILITY…
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New research from Begbies Traynor shows that 329,834 UK companies were experiencing “Significant” financial distress at the end of Q2 2017, a 25% increase from Q2 2016 (263,517 companies), representing the largest annual increase since Q2 2014 and the largest number of corporates experiencing significant distress in at least 5 years*. The Red Flag Alert…
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The Federation of Small Businesses (FSB) is to partner with leading law firm Ascent in order to provide a new dedicated debt recovery service for its members. Ascent will offer the FSB’s 170,000 strong membership a range of debt recovery services aimed at helping them tackle the issue of late payments, including free solicitors, demand…
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Equita has announced that it has appointed Bev Osborne to Equita in a new position as Senior Client Services Manager. Osborne has held leadership roles in a Utility, Capital One and Nottingham City Council (latterly Nottingham Revenues & Benefits Ltd) as the Business Manager for Revenues. Osborne has a track record of consistently delivering against and…
Read moreInsolvency action may arise as an unintended consequence of the introduction of the new Pre-Action Protocol for Debt Claims on 1st October according to law firm Clarke Willmott. Karen Chapman from Clarke Willmott LLP. Chapman says the Ministry of Justice’s protocol will potentially make it a longer and more onerous process to recover debts from sole traders or…
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New research from Moore Stephens indicates that 26% of construction companies currently exhibit warning signs that indicate they are at risk of failure. Companies building commercial properties are most at risk, with 32% facing an increased chance of entering into insolvency by 2020. This compares to 23% for those building residential properties. The research reflects…
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Winding up Petitions have been issued and advertised in the London Gazette for the following companies: 07715030 LTD 8POINT3 LTD A & D ELECTRICAL LTD A.N.A. MOT EXPRESS LTD ACORN DEVELOPMENTS (KENDAL) LTD ADJUST PERSONNEL LTD ALEXANDER DU’BEL WISH FOUNDATION ALL PEOPLE RECRUITMENT LTD ALTEC ENGINEERING LTD ALUFAB LTD AMBER SOLAR LTD ANGLESEA HOME IMPROVEMENTS LTD…
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Winding up Petitions have been issued and advertised in the London Gazette for the following companies: 3NT CONSULTING LTD 784 LTD A & S PUBS LTD A.C.H.G. PROPERTIES A.P. LOOK BUILDING AND MAINTENANCE LTD AAA DRIVEWISE CONTRACTS LTD ABELARDUS LTD ABERSWIFT DE LEADING SPECIALISTS LTD ABH CONTRACTS (UK) LTD ACE GARAGE LTD ACQUIRO LTD ACQUISITION 395448999…
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Andrew Wilson & Co have promoted Joe Hanlon to company Director. Hanlon, who started his career within the industry 11 years ago is also in the final stages of qualifying as a High Court Enforcement Officer (HCEO). Aged 29 Hanlon will be one of the youngest authorised officers in the country. He is now fulfilling…
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