The UK Small Business Commissioner, Paul Uppal is to recommend a traffic light warning system, which will allow small businesses to easily identify large businesses that pay late. New public data analysed for the first time by Lloyds Bank Commercial Banking in partnership with the Small Business Commissioner, analysed official payment reporting returns based on…
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Bridging lender Hope Capital has appointed its first Managing Director. Gary Bailey, formerly Sales Director of Together. He joins Hope Capital today, 7th January, to help expand and grow the company. Hope Capital has grown rapidly, having doubled its lending in the past year, increased its staff numbers by 40% and expanded into much larger…
Read moreWinding up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: 4SQUARE CLOTHING LTD 60-61 EVERSFIELD PLACE LLP A-Z ACCESSORIES LTD A.M.I.SYSTEMS LTD A1 PLASTICS WINDOWS AND DOORS LTD ABBEY GATE ELECTRICAL LTD ACCALAIDE LTD ACE-BEV LTD ACTIVE LIFE GROUP LTD ACTIVE STORAGE TYSELEY LTD AGE GRACEFULLY LTD AH…
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Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies: 0XDEADFA11 LTD 1ST CHOICE IMPROVEMENTS LTD 20/20 CMT LTD 33 LEISURE LTD 360 STUDIOS, LTD 3B LOGISTICS LTD 404 ENTERPRISES LTD 42ND STREET GRILL LTD 777 SOLUTIONS LTD 777 STORES (WEST EALING) LTD 777 STORES LTD A…
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Administration notices have been issued and advertised in the London Gazette for the following companies: 06132417 LTD ACADEMY CLASS LTD ACCURATE LASER CUTTING (LEEDS) LTD ADVENTURES IN FURNITURE LTD AIR AND CARGO SERVICES LTD ALCHEMY FACILITIES LTD ALMTONE LTD AMICUS FINANCE PLC ANOTHERDATE LTD ATLANTIS ENTERPRISES LTD AVIDEAN LTD BADDOW HOSPITAL COMPANY LTD BARNSDALE HILLS LTD…
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Amicus Finance has announced on its website that it has entered administration. A site statement said ” On December 20th, 2018, Mark Robert Fry, Jamie Taylor and Kirstie Jane Provan were appointed Joint Administrators of Amicus Finance plc (In Administration),(the Company). The Joint Administrators act as agent of the Company and without liability. The news…
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Data from the latest report from the Bank of England data shows that the annual growth rate of consumer credit slowed in November 2018, but credit card lending was still 7.9% higher than a year earlier, with other consumer credit lending up by 6.6%. Commenting on the latest figures, StepChange Debt Charity CEO Phil Andrew…
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RSM has announced the appointment of Mike Gahir as a director in its Birmingham office. Gahir will be tasked with building RSM’s debt advisory practice across the Midlands. He will also have a specific responsibility for business development through building relationships with corporates and intermediaries across the region. Gahir joins RSM from Santander UK Corporate…
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Over one in ten (11%) UK companies is just paying the interest on its debts, rather than repaying the debt itself, according to new research from insolvency and restructuring trade body R3. Only being able to pay the interest, not the original debt itself, is one potential sign of a so-called ‘zombie business’ – a…
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UK Finance has published its latest Household Finance Update for November 2018 which has revealed that overall lending to non-financial UK companies remained subdued, with a 1.7 per cent contraction over the last twelve months. However, some sectors continue to show growth, with manufacturers growing by seven per cent over the year. Deposits held by…
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D&D Leasing has announced it will rebrand to DND Finance. The aim of the rebrand is to reflect its growing range of services. Rev. Dr. K. Bill Dost said “We realised the name no longer fitted; we were so much more than just a leasing company, we had evolved into a finance house. The timing…
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Insolvency specialist, Begbies Traynor, expects corporate failures to continue rising next year, as continuing Brexit uncertainty and the tough high street climate take their toll. Begbies Traynor’s made the prediction as part of their latest results announcement which indicates that profits and revenues were up in the six months to October on the back of…
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Top ten accountancy and business advisory firms BDO and Moore Stephens have exchanged contracts confirming a merger that will create the largest UK accountant and business adviser focused on entrepreneurially-spirited, fast-growing businesses and high-net-worth individuals. The exchange of contracts, confirms a deal that will cement BDO’s position as the UK’s leading AIM-market auditor and will enhance the combined…
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