Credit, Collections & Insolvency News
Winding up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: 09753626 LTD 1ST NATION LTD 365 ENERGY LTD A G M (RIVERSIDE) LTD A&G DESIGN & BUILD LTD ABBOTT & SON ELECTRICALS LTD ABSOLUTE EVENT SOLUTIONS LTD ACQUISITION 395445593 LTD ADAM MOTORS LTD AEJIS LTD AGRO FOOD LTD…
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Administration notices have been issued and advertised in the London Gazette for the following companies: 24HR QUALITY CARE LTD AIR PARTS LTD ANIMAL SEARCH UK LTD APPLE APPOINTMENTS (SOUTH WEST) LTD ARIADNE CAPITAL LTD ASA RESOURCE GROUP PLC ASTWOOD JOINERY CONTRACTS LTD ATTERCOPIA DIGITAL MARKETING LTD B C TRANSPORT (BOLLINGTON) 1991 LTD BEESTON CORPORATE LTD BIOGAS…
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Figures released from UK Finance have revealed that the balance of pure Invoice Finance has grown from £18.6 billion at the end of Q2 2017 to £18.9 billion at the end of Q3 2017. This marks record lending levels from UK businesses amid sustained annual growth with the total balance of Invoice Finance rising from…
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The HMRC has announced that taxpayers will no longer be able to pay their tax bills by credit card. A letter sent out to taxpayers last month confirmed that HMRC would “no longer accept payment by personal credit card”. Coming into force from 13th January, the ban leaves those completing their annual tax returns just eighteen…
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Tackling the late payment culture that devastates thousands of small businesses each year must be at the top of the Government’s domestic agenda for 2018. In his New Year message, Mike Cherry, National Chairman of the Federation of Small Businesses (FSB) called on the Government and its new Small Business Commissioner to make 2018 the year…
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The same external and internal political, economic and market challenges remain for businesses for this year as they did for 2017 according to the new research by ICAEW. Despite improved global conditions, uncertainty about the UK’s relationship with the EU continues to be the biggest concern for business. Key headline findings from the report include:…
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Nearly 45,000 retailers are in financial trouble this Christmas as rising inflation and the squeeze on household budgets are having an impact on high street spending. There has been a 22 percent increase in retailers facing ” significant financial distress”, according to a survey by the advisory company, Begbies Traynor. The furniture chain Multiyork collapsed…
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The Peer-to-peer lending industry was given a boost of confidence as the government began legislating to clarify that no business borrowing through a peer-to-peer platform needs to be regulated as a ‘deposit taker’ (often referred to as a ‘banking licence’) unless that is their core business. The legislation will ensure that the industry can continue…
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A new corporate supply chain finance platform has launched, which aims to improve credit management and provide additional transparency, security and flexibility for banks and their corporate customers. The new platform is called Monimove, and aims to enable banks to create new revenues and be able to track approved funds, optimising their liquidity management in…
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As 2018 fast approaches, new data from MoneySuperMarket reveals that the average Brit will see in the New Year with over two thousand pounds (£2,172) of debt hanging over their heads. Despite 55 percent of Brits feeling confident that they will stay within budget this Christmas, the leading price comparison website reveals that eight in 10 would…
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The government has annnounced that it has launched a complaint handling service of the Small Business Commissioner to ensure fair payment practices for small businesses. This follows the appointment of Paul Uppal to the role of Small Business Commissioner. Regulations made by Small Business Minister Margot James mean the Commissioner can now handle complaints from small…
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One in three consumers shopped ‘blindly’ this Christmas – by not checking their bank balance before, during or after hitting stores and retail websites according to latest research by Asda Money Despite 77 percent setting a typical budget of £539 the study of 2,000 adults found overall one fifth spent more than they intended to.…
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Latest data released by UK Finance has shown that the invoice finance and asset-based lending sector is providing more finance to UK businesses than ever before. Advances (the amount of funding being provided to clients at the close of the most recent quarter) are up 13 per cent year on year and stand at just over…
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