Debt advice provider, Payplan has called on the Chancellor to help those struggling to get on the housing ladder with the announcement of the budget this week. Jane Clack, Money Advisor at PayPlan said “In Wednesday’s announcement, I would like to see the Chancellor think more about how the budget can help people who are already…
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Blockchains that transact with one another could replace central authorities such as banks, clearing-houses and lawyers, according to a new ICAEW’s report. Smart contracts that use blockchains could lead to widespread disruption of financial systems, according to the accountancy and finance body. With the ability to directly interact, the technology could save firms the cost…
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New research from bank Cambridge & Counties Bank reveals that just one in 10 (11%) business owners describe the strength of their firm’s working capital facilities as ‘very strong’ even though the business is doing well. Nearly half (45%) described it as ‘average’ while 12% said it was ‘weak’. Despite these findings, just 29% of respondents…
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Through a strategic alliance and the acquisition of a 10% stake in Caple, BNP Paribas Asset Management is providing an innovative platform to offer alternative credit to European small and medium-sized enterprises (‘SMEs’). Caple facilitates access to alternative credit for SMEs, working with international institutional investors to address gaps in the funding landscape by offering…
Read moreAlternative lending specialist, ThinCats has announced a senior hire to cover the East Midlands region. Mark Tunley joins ThinCats as Origination Manager, East Midlands, as ThinCats gears up for its next period of growth, and after the company announced a £200m funding programme in conjunction with its parent company, ESF Capital. Tunley oins ThinCats after 32…
Read moreFRP Advisory has announced the promotion ofArvindar Singh-Sall, who is based in the firm’s Birmingham office, to partner. Singh-Sall is a licensed insolvency practitioner and qualified accountant with 25 years of experience advising and managing business and corporate restructuring. She joined the firm as a director in 2014 and has delivered a number of assignments for…
Read moreThe Chartered Institute of Credit Management (CICM) has to announced that American Express will be Headline Sponsor of the 2018 CICM British Credit Awards. The Awards recognise best practice and outstanding individual and group achievements. The award winners will be announced at a glittering celebration in London in February. Philip King FCICM, Chief Executive of the Chartered Institute…
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The Insolvency Service is increasingly using ‘public interest’ disqualification orders to remove potentially rogue directors from their positions before they can do more wrong, says Moore Stephens. Data from the Insolvency Service show that the number of ‘public interest’ disqualifications have increased from four in 2015/16 to 28 in 16/17. This type of disqualification is…
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Credit Reference Agency, Company Watch has become a Corporate Partner of the Chartered Institute of Credit Management (CICM). Company Watch sees itself as a ‘challenger brand’ among the Credit Reference Agencies in the UK, but already hundreds of organisations around the world rely on its financial analytics to drive their credit risk processes. Jo Kettner,…
Read moreThe Chartered Institute of Credit Management (CICM) and ITN Productions have announced that they are producing a news and current affairs-style programme exploring the impact credit management has across the supply chain and the need to support the growth of businesses and the economy through healthier cashflow. The programme will be titled ‘Credit Champions’ will aim…
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The use of bailiffs to collect debts owed to local authorities in England and Wales has jumped by 14 percent in two years, according to new research by the Money Advice Trust. More than 2.3 million debts were passed to bailiffs by local authorities in 2016/17 according to the research, based on Freedom of Information…
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Employee spend management specialist Concur, has released a major report examining the UK’s late payment culture, which is putting job creation at risk. The report, entitled Invoice Utopia, includes detailed YouGov polling of 1,233 British businesses and sheds new light on the consequences of poor invoice processes. The report highlighted the consequences of late invoice payments, with…
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The number of county court judgments (CCJs) registered against businesses in England and Wales rose during the third quarter of 2017, compared with the same period a year ago, according to latest figures released by Registry Trust. During Q3 2017, there were 24,698 CCJs against businesses in England and Wales, 27 percent more than the…
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