Enforcement agency Bristow & Sutor (B&S) has announced the formation of a new Independent Advisory Panel, to be chaired by Anthony Sharp of Anthony Sharp Associates. The industry-wide consultancy has been launched to discuss all matters relating to credit and debt collection. The new Panel consists of experienced individuals drawn from the debt advice, regulatory and creditor sectors…
Read morePeer-to-peer lender Assetz Capital has bolstered its team in the Midlands with the appointment of Luke Carter as a Senior Relationship Manager. Carter joins from RBS, where he spent 10 years within the Commercial Banking team, and most recently as a Senior Relationship Manager in the Midlands region. In this role, he managed a portfolio…
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The creditworthiness Assessment Bill bill has been delayed at the House of Commons. The creditworthiness bill is designed to ensure that people’s record of paying rent is taken into account when they seek loans or mortgages – at the moment she argues the system essentially discriminates against tenants and in favour of property owners. Rhona Parry,…
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The introduction of Universal Credit is causing unacceptable hardship and difficulties for many of the claimants it was designed to help according to a report by the Government’s public accounts committee. The report says that while the Department is responsive to feedback on its digital systems from staff, it has persistently dismissed evidence that Universal…
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The Treasury Committee has published a Report on SME Finance with a recommendation to appoint a Financial Services Tribunal to help SMEs resolve disputes with lenders. The report says the Financial Services Tribunal is needed to handle complex SME disputes and expanding the Ombudsman’s remit to handle SME cases should not be rushed through. The…
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Suppliers are at risk of having insufficient trade credit insurance as some British firms, such as retailers and manufacturers, stockpile goods amid mounting concerns of a no-deal Brexit, according to Marsh, an insurance broking and risk management solutions specialist Traditionally, buyers purchase goods on credit terms, sell these goods on to the consumer, and use…
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Responding to the latest apprenticeship figures, showing starts flat over the last few months, but with a year on year drop of 25% for the 2017/18 academic year to July, Jamie Kerr, Head of External Affairs at the Institute of Directors, said “Today’s figures show that apprenticeship starts have still not recovered since the introduction…
Read moreAccountant in Bankruptcy (AiB) has released official statistics reporting corporate insolvencies Scotland for the second quarter (July to September 2018) of 2018-19. The number of corporate insolvencies in Scotland fell by 5% in Q2 2018-19 (July-September 2018) compared with Q1 2018-19 (April-June 2018), but rose by 4% compared with Q2 2017-18 (July-September 2017). Commenting on the…
Read moreUK Finance has published its Business finance update for September 2018 which reveals that Lending to manufacturers grew by 4.9 percent over the last twelve months. While there is annual growth in borrowing demand from manufacturers, agriculture and accommodation, those sectors are in marked contrast to a wider 2.0 percent contraction in UK business borrowing overall. Deposits…
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Fewer large Scottish businesses are failing as more adapt to tough trading conditions, according to newly-released data by KPMG. The number of large companies collapsing in Scotland fell by almost a third (29%) in the last quarter (July-September) compared to same period in 2017 (17 down from 24). Total administrations in 2018 have fallen by…
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Buy-to-let and specialist lender, Fleet Mortgages, has announced the promotion of Graham Le Bas to the role of National Sales Manager. Le Bas has previously been BDM in the South West for Fleet for the past two years and will now be working with the lender’s team of BDMs who cover the breadth of England and…
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With many headlines sounding the death knell for cash, its popularity and use continues to endure robustly, according to the October 2018 Money Statistics, produced by The Money Charity. Despite reports that the tipping point has been reached, with the UK’s preferred payment methods now being digital, LINK cash machines were used on average 93 times…
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A new report has revealed the extent to which consumers are fooled by false economies. Seven in 10 (70 per cent) consumers in the UK experience false economies with a fifth (20 per cent) falling victim at least once a month. With false economies being so prevalent in the British consumer experience, the report says…
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