LIQUIDATION NOTICES: Creditors Voluntary Winding-Up – November 2018

5th December 2018 Commercial Credit Management |

Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies: 1ST DOT COM LTD 1ST VENTURE LTD 2NDS FURNITURE LTD 3RD GENERATION LTD 3RD LEG LTD 5 OAKS WINDOW CLEANING COMPANY LTD A-Z ACCESSORIES LTD A. J. MOTORS (PLYMPTON) LTD A.H.Y HOTELS LTD A.J. ELECTRICS LTD A&A…

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INSOLVENCY NOTICES: Winding Up Petitions – November 2018

5th December 2018 Commercial Credit Management |

Winding up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: 0161 LETTINGS AND MANAGEMENT LTD 1ST PLATINUM INVESTMENTS LTD 2M PRINT LTD 2W CONSTRUCTION LTD 360 BUSINESS PARTNERS LLP 3B LOGISTICS LTD 3RD LEG LTD 404 ENTERPRISES LTD 44 LONDON LTD 777 FOODS LTD 7HILLS MECHANICAL LTD A…

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Young people with property-owning parents three times likely to buy a home

5th December 2018 Consumer Collections |

Young people whose parents have property wealth are now almost three times as likely to be homeowners by the age of 30, compared to those whose parents have no property wealth, according to Resolution Foundation research. With the ‘Bank of Mum and Dad’ now considered to be a key lender for first-time buyers, House of the…

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Government report recommends 30-day late payments rule

5th December 2018 Commercial Credit Management |

The Government should introduce a tougher regime to tackle larger companies who treat small businesses ‘disgracefully’ by enforcing long payment terms or paying their suppliers late, says the Business, Energy and Industrial Strategy (BEIS) Committee in a report published today. The Small businesses and productivity report says that for a small and medium-sized enterprise (SME) to succeed…

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European financial services companies have ‘increased appetite for risk’

4th December 2018 Alternative Consumer Lending |

Financial services companies appear to have increased their appetite for risk compared to businesses in other sectors, a report has found. The Q3 2018 Global Supply Chain Risk Report, published by Cranfield School of Management and Dun & Bradstreet, investigates the level of perceived supply chain risk faced by European companies with international supplier relationships.…

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Rise in child poverty as working parents are unable to make ends meet

4th December 2018 Consumer Collections |

The Joseph Rowntree Foundation JRF) has released a new report which highlights than Britain are going into Brexit with half a million more children trapped in poverty, this following a relentless rise in the number of working families struggling to make ends meet over the last five years. It means in a typical classroom of 30 children, nine are now living in…

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BEIS publishes the impact of poor payment practices

4th December 2018 Commercial Credit Management |

The Business, Energy and Industrial Strategy (BEIS) Committee has published correspondence with a series of major companies such as WH Smiths, Boots, Thomas Cook and Holland & Barrett on their payment practices, highlighting issues such as long payment terms and late payments. Following up concerns about poor payment practices raised during the current inquiry on Small…

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NACFB and SmartSearch launch partnership

4th December 2018 Commercial Credit Management |

The NACFB has teamed up with SmartSearch to provide its members with preferential access to its award-winning anti-money laundering platform. The partnership comes in response to increased demand from NACFB Members for a simple and effective way to conduct due diligence checks on both individuals and businesses. The SmartSearch platform uses data partners Experian, Equifax, Dow Jones…

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Aldermore appoints new Mortgage Head

4th December 2018 Commercial Credit Management |

Lender, Aldermore, has appointed Jon Cooper as its new Head of Omnichannel within its retail mortgage business. Cooper will be responsible for driving sales through brokers and alternative channels as well as into the direct team. He will continue to build on the great work our intermediary and direct distribution teams have done to drive our…

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Government payment code means late payers face contract block

3rd December 2018 Commercial Credit Management |

A new prompt payment initiative to ensure all Government suppliers and subcontractors benefit from being paid on time has been announced. For the first time, failure of companies to demonstrate prompt payment to their suppliers could result in them being prevented from winning government contracts. Coming into force in Autumn 2019, this will ensure the…

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Rimilia wins Birmingham ‘Business of the Year’ Award

3rd December 2018 Commercial Credit Management |

Accounts receivable automation specialist Rimilia has won the 2018 Birmingham Awards for ‘Business of the Year’. At the event at the Edgbaston Stadium in Birmingham, Rimilia collected the award in front of business leaders from leading Birmingham based companies. The Birmingham Awards, sponsored by Birmingham City University, were founded in 2015 to celebrate the achievements…

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Banking industry to fund new alternative dispute resolution scheme

3rd December 2018 Commercial Credit Management |

Small and medium size enterprises (SMEs) with a turnover between £6.5 million and £10 million and a balance sheet up to £7.5 million will soon be able to have their banking and finance disputes reviewed and redressed through alternative dispute resolution arrangements, following the creation of a specialist ombudsman service with the expertise and powers…

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UKAR pays back £6.3bn to government

30th November 2018 Consumer Collections |

UK Asset Resolution (UKAR) the company behind Bradford and Bingley and Northern Rock Asset Management (NRAM) has paid back £6.3 billion in government loan repayments in the last six months. UKAR announced the figures as part its interim results for the six months ended 30 September 2018. Government loan repayments of £6.3bn, including the remaining…

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