Credit, Collections & Insolvency News
Hampshire Trust Bank has announced that Alex Upton is to join the bank at the beginning of July as Sales Director, Specialist Mortgages. Upton will be working closely with Matthew Wyles, the Bank’s recently appointed Chief Executive in shaping the bank’s push into specialist lending. Matthew Wyles said: “I’ve worked with Alex since 2013 and…
Read moreMarketInvoice has announced that it has appointed Rija Javed as its Chief Technology Officer (CTO). Javed joins from Wealthfront, a leading Silicon Valley based start-up. Javed becomes one of the first female CTOs at a fintech in the UK, breaking another glass ceiling for women in finance. In the role, she will be responsible for…
Read moreA five-year study by the Chartered Institute of Credit Management (CICM) of the use and application of credit in driving the UK economy suggests credit managers are more confident today than in previous years, despite ongoing uncertainties over the economy and Brexit. The Changing Fortunes of credit and the UK Economy 2011-2016 report shows the Credit…
Read more
New figures released by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) grew by 7% in April, compared with the same month in 2017. New business in the plant and machinery finance and business equipment finance sectors was up by 13% and 18% respectively, while commercial…
Read more
New figures released by the Finance & Leasing Association (FLA) show that consumer finance new business in April grew by 22%, compared with the same month last year. Credit card and personal loan new business together grew by 21% compared with April 2017, while retail store and online credit new business increased by 11%. Second…
Read more
Accountancy firm MHA Monahans has announced that it has appointed Insolvency Practitioner Dan James as a senior manager in its specialist business recovery and insolvency team. James has more than 15 years’ experience helping companies and individuals in financial difficulty, joins the firm after 10 years at rival Begbies Traynor’s Bath office. He has also worked…
Read more
The Credit Services Association (CSA), the voice of the UK debt collection and debt purchase sectors, has confirmed the full programme for this year’s UK Credit and Collections Conference (UKCCC), including a keynote address by Romana Pearson, Head of Consumer Credit at the Financial Conduct Authority (FCA). The conference is divided into morning and afternoon…
Read moreNew research by the Federation of Small Business (FSB) has found that many firms are unprepared for the disruption risks that they face from internal and external threats. The data, part of wider forthcoming research into how the UK can better use supply chains, shows that 65% of small businesses and the self-employed do not…
Read more
Following the recent increase in company voluntary agreements (CVAs), the British Property Federation (BPF) has called on the government to conduct an urgent review. The BPF believes the process is now being misused, saying that this risks undermining the UK’s global reputation and deterring much-needed investment into town and city centres, at a time when it…
Read more
BNP Paribas Asset Management announced that its SME (Small & Medium-sized Enterprise) Alternative Financing platform has completed its first transaction, a six-year senior unsecured amortising loan. The loan will enable a specialist recruitment services company based in the West of England to support its business growth. SME Alternative Financing offers BNPP AM’s client base differentiated and…
Read moreThe Federation of Small Businesses (FSB) has called on small firms hit by TSB disruption to be compensated. Responding to the announcement that the Financial Conduct Authority and Prudential Regulation Authority are investigating recent IT disruption at TSB Bank, Federation of Small Businesses (FSB) National Chairman Mike Cherry, said “It’s vital that small business owners affected…
Read more
The total value of UK business judgments rose sharply by 25 percent during the first quarter of the year, according to figures released by TrustOnline.The figures also show that the total number of judgments against businesses was up 8 percent on the same quarter in 2017. Over the same period the number of online searches…
Read more
Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies: 01662739 LTD 04103549 LTD 06846400 LTD 10 CASTLE STREET LTD 123 MOTORS LTD 24K CONSULTANCY LTD 36 ST. JOHN’S WOOD ROAD LTD 4 PRINT FINISHERS LTD 5I DIGITALS LTD 7 S BUDAK LTD A & E AUTOMOTIVE…
Read more