Credit, Collections & Insolvency News
Hampshire Trust Bank has announced that it has appointed of Charles McDowell as Managing Director of the Banks’s Specialist Mortgages Division with effect from 1 October 2018. McDowell has worked for Aldermore Bank since 2014, latterly as Commercial Director (Mortgages). He started his career at Deloitte. Charles will sit on HTB’s Executive Committee and will…
Read moreCODE Investing has announced that it has entered into along-termm strategic partnership with BNP Paribas Asset Management as part of the development of its Alternative Financing platform. As an origination partner to BNP, CODE Investing will provide direct lending access to unsecured SME loans of between £500,000 and £5 million. Under the leadership of Stéphane Blanchoz,…
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The FCA’s efforts to improve financial services for SMEs has been the subject of the organisations latest annual report, SMEs are contributing more than £200bn a year, but increasingly feel under-served by banks. SMEs main ask from banks is financial planning tools and business growth advice, especially money management and cash flow tools according to research…
Read moreWinding up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: (EN) 10 (GLOBAL) LTD 1PK LTD 24/7 RESCUE AND RECOVERY UK LTD 3B VISION LTD 3G TOOLING LTD A.S.T. DEVELOPMENTS LTD A1 DEMOLITION LTD A1 HARPREET CONSTRUCTION LTD ABC EVENTS (SCOTLAND) LTD ACCESS SECURE SCAFFOLDING LTD ACM FACILITIES…
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Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies: 108 ENTERPRISES LTD 1ST CHOICE FLOORING AND BLINDS LTD 1ST EQUITY LTD 2 ADVANCED IT LTD 300 TRADING LTD 312 SW3 LTD 3D’S LETCHWORTH LTD 3NINE GROUP LTD 4 SEASONS STORE LTD A & R GENERAL BUILDERS…
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Administration notices have been issued and advertised in the London Gazette for the following companies: 1ST CALL RECRUITMENT LTD A2B LOGISTICAL LTD ABBEVILLE INSTRUMENT CONTROL LTD ADAM MICHAEL SCAFFOLDING SERVICES LTD ADM PRECISION LTD AL-UMMAH HALAL POULTRY LTD ALLABOUT CLEANING SPECIALISTS LTD ANBO INTERNATIONAL LTD B & W LOGISTICS LTD BARWELL FINISHERS LTD BAXENDEN DEVELOPMENTS LTD…
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New research from Direct Line Life Insurance reveals consumers are hiding over £69bn of debt from their partners. People are completely in the dark over their loved ones’ finances, with 8.3 million (16 per cent) of consumers having debts their partner knows nothing about. The average debt hidden from a partner in the UK is £8,293,…
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The leasing sector needs to become more agile to meet the needs of an increasingly important and ‘entitled’ SME sector. This is the observation from financial software experts Copernicus’ MD Allen Jones reflecting upon a cultural and technical change that is emerging rapidly in the business community. “While there has been much written and reported about…
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Debt levels among Britain’s listed companies have hit a record high according to new research by Link Asset Services. Link Asset Services’ Debt Monitor report has revealed that listed companies’ debt has increased 69% since 2010/11, with oil companies seeing the fastest increase. The report measures the level of debt taken on by the UK’s…
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Henry Howard Finance Group has announced that it has appointed joint heads of sales support. Nicola Evans, who joined the Newport-based firm as a business analyst in May last year, has become the head of sales support. Evans shares the role with her former GE Capital colleague, Jane Brown, who has worked in asset finance…
Read moreAdvanced Collections Systems (ACS) has been examined by the Government’s National Cyber Security Centre and given a Cyber Essentials certification. Cyber Essentials certification is mandatory for central government contracts which involve handling personal information and providing certain ICT products and services. Certification demonstrates that Advanced Collection Systems (ACS), which specialises in providing debt collection services…
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New Research from Moore Stephen has indicated that 153 estate agents have gone insolvent in the last year, up from 148 the year before, as the pressure from online rivals continues to increase. More than 7,000 UK estate agents currently show signs of financial distress. Even larger estate agents look to be feeling the strain, with…
Read moreNew research of annual B2B payment practices research conducted by global credit insurer Atradius show an increasing level of deterioration in payment practices in the Americas. The report also highlights: Average payment duration increased from 61 days in 2017 to 63 days in 2018. On average, 90.3% of respondents frequently experience late payments (the average is…
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