Credit, Collections & Insolvency News
Insolvency accountancy firm Thomas Westcott has appointed Jon Mitchell as a new Partner. Mitchell was recruited in 2015 as a director to launch and head our business recovery and insolvency service. Thomas Westcott’s chairman, Richard Thomas, said “Jon has performed superbly since he joined us, launching and growing our business recovery and insolvency service and…
Read moreNew annual figures, published by UK Finance – for the first time since it took over most of the activities of the Asset Based Finance Association – show a steady increase in invoice finance and asset-based lending in 2017. UK Finance members provided IFABL to 42,000 businesses at the end of 2017, worth a total…
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Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies: (E) EXCLUSIVE LTD 100% VEGAN LTD 191 CIVIL ENGINEERING LTD 1EASYCALL LTD 1ST 4 CONSTRUCTION LTD 1ST CITY MOVE LTD 1ST DRYWALL SOLUTIONS LTD 21 SPICES LTD 3 NATIONAL SECURITY LTD 3E PEOPLE PERFORMANCE LTD 3J WHOLESALE…
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Winding up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: 09247906 LTD 10294997 LTD 123 RENTALS LTD 360 LOCATIONS LTD 4 PROPERTIES LTD A. GULEC CONTRACTORS LTD A.P.L.E. (OXFORD) LTD A&O CONSULTANCY LTD ABBA NORTH EAST LTD ACA A LTD ACCESSORY TRADING LTD ACCIDENT LAWYERS LTD ACCRUED EQUITIES…
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Administration notices have been issued and advertised in the London Gazette for the following companies: A TEAM DISTRIBUTION LTD AAA LINEN SUPPLIES LTD AB ABRASIVES LTD ABRASIVE BLADES LTD ACORN FIT OUT LTD AGE CONCERN NEWCASTLE UPON TYNE ALMAREN HOMES (ANGLIAN) LLP ALMAREN HOMES (CAMBRIDGE) LTD ALMAREN HOMES LTD ALMAREN LTD ALPHA BUILDING SERVICES (SOUTH) LTD…
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Half of businesses have faced issues with late payments in the last year, a new survey of 787 company directors reveals. The poll by the Institute of Directors shows that 3 in 10 business leaders see ‘excessively bureaucratic payments system’ as the main reason for late payment and just over a fifth said it was…
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Almost one year on since the introduction of the Apprenticeship Levy, only 14% of business leaders who pay it think it is fit for purpose, a new poll by the Institute of Directors reveals today. As it stands, fewer than one in five will use Levy contributions to take on more apprentices than otherwise. The…
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Corporate recovery and business advisory firm Quantuma has announced that it has acquired south coast insolvency practice.Ashtons Business Recovery. The teams will continue to operate through its Ringwood and Weymouth offices, with all of its existing team of seven, as part of Quantuma. David Meany was one of the founder partners of the original practice…
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The Government is to launch a call for evidence following concerns that a minority of bailiffs are still acting aggressively when collecting money from debtors –, particularly from vulnerable people. The call for evidence, which will be launched shortly, will look to those directly involved to share their experiences to help stop this in its…
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Trade credit insurer, Atradius, has made two new appointments within its UK team at its Cardiff HQ and Midlands Regional Hub. Tom Danson, has been appointed as Head of Commercial for Atradius’ Midlands Regional Hub. Danson joined the Atradius London team from Aviva AXA in March 2014 as a Senior Sales Development Manager. Well regarded…
Read moreNew Financial Conduct Authority (FCA) proposals which would give more SMEs the opportunity to refer disputes related to financial services firms to the Financial Ombudsman Service (FOS) have been backed by experts from a debt services provider. The FCA recently launched a consultation on the issue of SME access to the Financial Ombudsman Service (FOS)…
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The Bank of England has published its latest monthly Money and Credit report showing a slight jump in growth in consumer credit of 9.4 percent in the year to February 2018, up from 9.3 percent in January. Outstanding balances for consumer credit now stand at over £209.4 billion. Joanna Elson OBE, chief executive of the…
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Following the launch of the Water Industry Registration Scheme – Accredited Entity (WIRSAE) in January 2018, Lloyd’s Register has awarded the scheme’s first accreditation to Engage Services.The accreditation means that Engage Services, specialist field visit agency, can now carry out temporary disconnections and reconnections for water meters up to 40mm in the non-domestic water sector direct…
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