Credit, Collections & Insolvency News
Accountancy firm Armstrong Watson has appointed a new partner in its restructuring, recovery and insolvency team in Leeds. Robert Adamson is a specialist in business recovery and turnaround and holds in excess of 20 years’ experience. Adamson has extensive knowledge in corporate restructuring and insolvent company rescue procedures and has acted for a variety of stakeholders. Mark Ranson, head…
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Judge and Priestley LLP (J&P) has announced that it has recently gained Financial Conduct Authority (FCA) authorisation. This comes in addition to its traditional authorisation and regulation by the Solicitors Regulation Authority (SRA). The move to seek FCA authorisation came in response to increasing client demands for J&P Credit Solutions (J&P CS), the debt recovery…
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Consumers were less constrained in their leisure spending in the fourth quarter of 2017 compared to the previous year, according to the latest findings from the Leisure Consumer Q4 2017 report by Deloitte. The quarterly survey of more than 3,000 UK adults found that 2017 ended positively for the leisure sector, with consumer spending increasing in seven…
Read moreNew research by Moore Stephens has shown that restaurant insolvencies have risen by 20% in the past year. The research shows that restaurant businesses insolvency jumped 20% to 984 in the last year, up from 825 in the previous year*. The figures come on the back of one of Britain’s biggest sandwich chains, EAT, announcing this…
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Almost one in three working-age adults in Northern Ireland are out of work, according to a new Joseph Rowntree Foundation (JRF) report that shows that Northern Ireland’s employment rate is lagging behind the rest of Great Britain. The warning comes as JRF highlights the poverty rates in Northern Ireland and the challenges facing low-income families.…
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The Government is due to undertake a major review of university funding and student financing. In its unanimously-agreed Report on Student Loans, the Treasury Committee has made a series of recommendations, which the Government should address as part of its review. Interest rates Justification for high interest rates on student loans is questionable Above-inflation rate…
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Today’s young adults are much less likely to own their own home than those in their place one or two decades ago according to a new report IFS research which looks at how and why homeownership rates have changed for young adults over the past twenty years. The biggest decline in homeownership has been among…
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Lex Autolease has appointed Ashley Barnett to Head of Fleet Consultancy. Barnett has 25 years’ experience in accountancy, with a focus on vehicle funding, company car policy and salary sacrifice schemes. He has spent 19 years in the Lloyds TSB group and previously worked within the Co-operative group. Managing Director of Lex Autolease, Tim Porter,…
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Commercial debt recovery specialist Yuill & Kyle has announced that it will become part of the MacRoberts Group. MacRoberts LLP is one of Scotland’s oldest and most established independent commercial law firms. With 42 partners and over 180 staff working in offices in Glasgow, Edinburgh and Dundee, their legal specialisms include banking and finance, construction,…
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Alternative finance specialist ThinCatshas made two new appointments to its credit team. Rob Thompson to the newly-created role of regional head of credit for the North. Thompson’s role will accelerate the rate at which Thincats is able to structure and process loans, in the way that best addresses the needs of companies and investors alike.…
Read moreAldermore has announced the appointment of Caroline Luxmore as Head of Commercial Mortgages, a newly created role within the Bank’s Business Finance division. Luxmore has been at Aldermore since 2012 and previously held the role of Senior Lending Manager in the commercial mortgages team and brings over 20 years extensive commercial real estate and residential…
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Esme Loans has joined a handful of leading alternative finance firms in a partnership with a NatWest and Royal Bank of Scotland (RBS) programme designed to help businesses access alternative sources of finance. Esme Loans, a digital lending platform owned and backed by NatWest, allows small and medium-sized businesses to quickly obtain unsecured loans of…
Read moreRyan Maginess, director of Camereye Contracts, has been disqualified from acting as a director of a limited company for ten years. Maginess was the sole director of the company. The disqualification followed an investigation by the Insolvency Service and was ordered at Edinburgh Sheriff’s Court. The disqualification began on 11 January 2018. The investigation found that the company…
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