Credit, Collections & Insolvency News
Equifax has launched a new solution to support the government Commercial Credit Data Sharing (CCDS) initiative seeking to stimulate competition and encourage new entrants in SME lending, thereby addressing the shortfall in access to finance. The new Equifax solution gives lenders a comprehensive picture of a businesses’ financial health to facilitate faster and more informed…
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Corporate recovery and business advisory firm Quantuma has recruited Maxine Reid as a partner in the Brighton office. Her remit will be to continue the growth of the practice in the south-east and along the south coast from her base in Sussex. Reid was formerly atKreston Reeves where she launched and headed up the Eastbourne…
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Administration notices have been issued and advertised in the London Gazette for the following companies: AAC AIR CONDITIONING AND REFRIGERATION LIMITED AMBRIAN PLC AYALA INTERNATIONAL LTD BALAJI HOTELS ST HELENS LIMITED BARNMEAD DEVELOPMENTS LIMITED BEDWORTH HAULAGE COMPANY LIMITED BEING TECHNOLOGIES LIMITED BM TANKERING LIMITED BURROUGHS DAY LLP CALDWELL RESTAURANTS LIMITED CLIMATE ENERGY HOMES LIMITED CONTINENTAL SHELF…
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Winding up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: 09232408 LIMITED 1FILM UNIT LIMITED A & A TRANSPORT (CANNOCK) LIMITED A HAPPY CHEF LIMITED A LA CARTE MANAGEMENT LTD A S SITE PREPARATION LTD A.I.M.S SUPPORT SERVICES LIMITED AAC AIR CONDITIONING AND REFRIGERATION LTD ACCELERATE DIRECT LTD…
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Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies: 05655331 LTD 07763245 LIMITED A & L ELECTRICAL LTD A M W NORTH EAST LTD A MELIA TRANSPORT LIMITED A. W. BYRNE (CONTRACTORS) LIMITED A.I.M.S SUPPORT SERVICES LIMITED ABC PRODUCTION SERVICES LIMITED ACCELERATE DIRECT LIMITED ACTIVE START…
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Business confidence has improved but still remains in negative territory, according to the latest ICAEW Business Confidence Monito (BCM). The Confidence Index has now been negative for 6 out of the last 7 quarters – equal in length, but not depth, to the global financial crisis. Key findings for Q1 2018: Confidence remains negative although…
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Today marks the start of a UK rule change required by the Competition and Markets Authority (CMA) as part of its Retail Banking Investigation which means that banks must now set up an alert system which will help their customers avoid unnecessary charges. During an investigation, the CMA found that banks receive around £1.2 billion a…
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A Responsible Finance Provider (RFP) is set to be wound down after Duff & Phelps was appointed as administrators. Midlands Community Finance was one of the first RFP in the East Midlands when it was set up in 2003. Midlands Community Finance was set up to make loans to financially excluded individuals and businesses that…
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The Government’s BEIS Select Committee has launched an inquiry into SME Finance supply chain bullying and small business productivity. Commenting on the launch, Stephen Pegge, Managing Director of Commercial Finance at UK Finance, said “SMEs play a key role in driving innovation, productivity, employment and economic growth across the UK which the finance sector is…
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The Bank of England has today published its latest monthly Money and Credit report showing growth in consumer credit of 9.5 percent in the year to December 2017 up from 9.3 percent in November. Outstanding balances for consumer credit now stand at over £207.1 billion .The 8.9% growth in credit card lending has pushed the…
Read moreSignificantly more UK households say they are spending more on essential products and services than they were a year ago, according to the latest Lloyds Bank Spending Power Report. The report has also found that significantly more consumers say they have increased their spending on essentials compared to 12 months ago with 70% of adults…
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Ofwat has launched a review of the market codes which set out the credit requirements for retailers in the new business retail market. At present, retailers can choose to pre-pay wholesalers for the water their customers use or they can choose to post-pay which includes providing a form of credit. This form of credit must…
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Aldermore has announced the expansion of its asset finance lending team with the appointment of Nick Dudley as Head of Business Development for Dealer Services, a newly created role within the Bank’s Business Finance division. Dudley will be responsible for partnership accounts across a variety of industry sectors, with a particular focus on transportation and…
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