Credit, Collections & Insolvency News
The impact of prolonged Brexit negotiations is taking its toll upon the UK automotive sector, warns trade credit insurer Atradius. A new economic report by Atradius highlights that economic uncertainty has led to a 6% drop in new car registrations in the first half the year and a significant decline in investment; from £1.7bn in 2016…
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Independent financial services provider, Bibby Financial Services (BFS), has announced the expansion of its global headquarters in Banbury, North Oxfordshire, in line with its strategic growth plan. First moving to Banbury Business Park in 2016, BFS has now relocated its Construction Finance, Trade Finance and Export Finance divisions from Packington House, Horse Fair, to the…
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The winners of the second annual 2018 Credit & Collections Technology Awards have been revealed. There were sixteen winners from the eighteen Awards categories which are covered by four main headings of Credit, Collections, Credit & Collections services and Innovation. The awards ceremony was held at Credit Services Association’s (CSA) annual Gala dinner at the…
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The potential impact of a ‘no deal’ Brexit on cross-border insolvency cases, as set out by the Government in a just-published technical note, is deeply concerning, says insolvency and restructuring trade body R3. Stuart Frith, R3 president, said “We would be deeply concerned about the impact of a ‘no deal’ on the UK’s insolvency and restructuring…
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Responding to last week news that there was a drop in apprenticeship starts, Federation of Small Businesses (FSB) National Chairman, Mike Cherry, said: “Today’s 28% year on year drop is yet another clear signal that the levy system isn’t working to its full potential. “Big businesses are still struggling to come to terms with the levy…
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The winners of the second annual Credit & Collections Technology Awards were announced last night at the Credit Services Associations’s annual Gala dinner at the Crown Plaza in Stratford-upon-Avon. Eighteen winners from the Awards categories which are covered by four main headings of Credit, Collections, Credit & Collections services and Innovation were revealed. Stay tuned…
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SME funder Ultimate Finance has appointed three senior sales professionals to further strengthen support for SMEs in London and the South East. The new senior recruits are made up of Nick Haggitt, Head of Sales, Matthew Taylor, Senior Regional Director and Chris Mitcham, Regional Director. Between them, they bring more than 50 years’ experience in…
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Small businesses are calling on the Government to immediately publish the Call for Evidence into poor payment practices announced in this year’s Spring Statement six months ago. The call comes after the release of the latest Duty to Report data highlights that just over half (52%) of invoices were paid within 30 days. The data…
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Lending criteria sourcing provide, Knowledge Bank has announced that is now offering brokers the ability to perform criteria searches within two lending types: Bridging and Commercial. The addition of the new sectors has added over 9,000 individual criteria to the Knowledge Bank system taking the total criteria held by the system to over 70,000. This…
Read moreThe Government has announced new measures to boost funding for small businesses. The new laws aim to help small businesses against unfair contracts that stop them raising money from unpaid invoices were put to parliament yesterday. Small Business Minister Kelly Tolhurst put forward new laws to arm small businesses against unfair contracts that stop them raising…
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The Ministry of Justice (MOJ) has announced it has had to suspend its Transforming Compliance and Enforcement Programme (TCEP) enforcing court orders and collecting historic criminal debt will continue unchanged after further upgrades to the service, including systems and technology, were put on hold. The plans are no longer affordable within the Ministry of Justice’s…
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Introducing ‘Open Banking’ style measures to the energy market would make it easier for small businesses to switch providers and access cheaper tariffs, according to new proposals by the Federation of Small Businesses (FSB). Open Energy: Using data to create a smarter, cheaper and fairer energy market, commissioned by FSB and produced by Fingleton Associates,…
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New data released by Dun & Bradstreet has revealed that year-on-year, the number of companies liquidated in the three months to June rose to 4,148 from 3,372 of the same period the previous year, an increase of 23%. Dun & Bradstreet’s UK Q2 Industry Report, which looks at data from April to June, found Retail…
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