Credit, Collections & Insolvency News
The formal launch of the new Republic of Ireland Branch of the Chartered Institute of Credit Management (CICM) will take place at Croke Park on 17th September. The day will commence with a best practice conference featuring topics such how the CICM will support credit managers in the country, the role of Artificial Intelligence and…
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Administration notices have been issued and advertised in the London Gazette for the following companies: 1313 BATH LTD 25 W2 LTD 4FIBS LLP ACCIDENT ADVICE SOLICITORS LTD ACTON COACHWORKS(SPORTS CARS) LTD ALCHEMY COATINGS LTD ANACO SYSTEMS LTD ANGUS CEREALS LTD APS DEVELOPMENTS LTD ARMOUR CONTRACTS LTD ASCOT LAWYERS LTD AURELIA (RESTAURANT) LTD AWH UTILITY SERVICES LTD…
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Winding up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: 101 ARTISTS LTD 1ST CHOICE BUSINESS SOLUTIONS LTD 36 SCARBOROUGH AVENUE LTD 36415201 LTD 4FIBS LLP A & W ROOFING SERVICES LTD A LEECH LTD A S BURNS LTD A-CLASS ASPHALTING LTD A.C.T DAMP & RENOVATIONS LTD ACQUISITION…
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Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies: 10 DIGITAL MEDIA LTD 1ST CHOICE BUSINESS SOLUTIONS LTD 360 DEGREE BUILDING SERVICES LTD 365 SUPPLY LTD 3A DISTRIBUTION LTD 3G ASSET MANAGEMENT LTD 5 STAR INTERNATIONAL FOODS LTD 6P ELECTRICAL DESIGN LTD 7HILLSCCTV LTD A &…
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The total council tax owed in England has risen by 6.6% in the past year. The Ministry of Housing, Communities & Local Government figures show that in 2017-18 local authorities collected a total of £28.0 billion in council tax, irrespective of the year to which it related. This was an increase of £1.4 billion, or…
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The number of debt decrees registered against Scottish businesses rose sharply during the first half of 2018, according to the latest figures released by the Registry Trust. There were 1,573 decrees issued against all businesses in Scotland during Q1 and Q2 2018, 31 percent more than during the same period of the previous year. A massive 64…
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The total number of defaults and small claims judgments issued in Northern Ireland during the first half of the year rose to the highest levels since 2012, according to figures released today by Registry Trust. However, the percentage of judgments marked as satisfied was just a fifth of the percentage satisfied in England and Wales…
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The number of business debt judgments registered in the Republic of Ireland has decreased, according to the latest figures released by Registry Trust. A decrease in the volume of business judgments, coupled with a 16 percent drop in the average judgment’s value led to a 39 percent fall in the total value of business judgments. The…
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Barclays has announced that it is partnering with fintech business MarketInvoice, a specialist online invoice financing platform. The bank says it has committed to a significant minority stake in the firm to give Barclays’ SME clients seamless access to innovative forms of finance. Founded in 2011, MarketInvoice has funded invoices worth more than £2.7 billion, boosting…
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A positive global trend to strengthen corporate balance sheets and reduce gearing is masking a rise in leverage in vulnerable sectors and regions, creating hotspots of increased risk for cross-border trade, according to the world’s leading trade credit insurer Euler Hermes. The findings come as Euler Hermes publishes its latest research on global corporate debt,…
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The number of debt judgments marked as satisfied in Jersey almost halved during the first half of 2018, according to figures released today by Registry Trust. In Q1 and Q2 2018, a total of 895 debt judgments were made, four percent fewer than during the same period last year. Despite falling in number, the total…
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The Bank of England (BoE) Monetary Policy Committee (MPC) has today voted to increase interest rates to 0.75 percent, its highest level since 2009. Commenting on today’s decision by the Bank of England’s Monetary Policy Committee to raise interest rates by a quarter of a percentage point, StepChange Debt Charity urges policymakers to keep a…
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Small firms are finding it increasingly costly to raise new finance, according to the latest research from the Federation of Small Businesses (FSB). The findings were announced ahead of a Bank of England (BoE) decision to raise interest rates to 0.75% Four in ten (42%) small firms describe new credit as ‘unaffordable’ in Q3 2018,…
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