Credit, Collections & Insolvency News
A latest study by Coface has shown that, despite the solid position of the German economy and the decline in the number of corporate insolvencies, delays in payments are still commonplace. However, they have become less frequent when compared to the results in 2016. By international comparison, these delays are generally shorter in Germany. As…
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Kuflink have promoted Narinder Khattoare as their new Chief Executive. Khattore was formerly Operations Director Former Chief Executive Tarlochan Garcha has left. Kuflink has also appointed Sukhdev Dhillon and Nattalie Weekes to the board. Khattoare said “Kuflink Group has grown rapidly in 2017 and it was important that we could welcome fresh expertise and promote talent from within to…
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The pace of capital investment has fallen in 2017 and is forecast to slow even further in 2018 according to the latest ICAEW Economic Forecast. Business investment is forecast to be 2.1% this year, the second weakest since the global financial crisis. As companies continue to ‘wait and see’ what kind of post-Brexit settlement is…
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The UK Government has announced that it has completed its first sale of the English student loan book. The sale raised £1.7 billion with a face value of £3.54 billion The sale included loans issued by English Local Authorities under the previous (pre-2012) system, specifically those that entered repayment between 2002 and 2006. The loan…
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Investec Bank has acquired Amicus Commercial Finance. In a statement, John Wilde Managing Director at Amicus Commercial Finance revealed the agreement he said “I will continue to lead the team and, operationally, it will be business as usual with all of our staff and processes remaining unchanged. Our focus will continue to be to provide you and…
Read moreNearly one in seven Britons (14 percent) are worrying about money every day in the run-up to Christmas, with 37 percent putting Christmas costs on credit, according to new research from National Debtline, run by charity the Money Advice Trust. The research, based on a poll of more than 2,000 British adults conducted online by…
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A new study from Scottish Widows’ independent think tank, The Centre for the Modern Family, has found that four in ten (43%) grandparents help their families to fund the festive season, spending a collective £932 million. More than a third (36%) of them make sacrifices to compensate for the extra expenditure at Christmas.The Silver Supporters report, the…
Read moreUK households are set to spend around £20 billion celebrating Christmas. According to new research commissioned by GoCompare Money, this Christmas the average British household expects to spend £726 on presents, parties, feasting, gifts and decorations. For UK households as a whole – that equates to £20.3bn. Gifts for loved ones represent just over half of…
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Administration notices have been issued and advertised in the London Gazette for the following companies: AIR EXPRESS TRAVEL & TOURS (UK) LTD ALMOND SOLICITORS LTD BCUK TRADING LTD BIOEDEN LTD BOREHAMWOOD SUPPLIES LTD BRITANNIA FORK TRUCKS LTD C G WRIGHT ENGINEERING LTD C. I. REALISATIONS LTD CHESTER BUILDING SERVICES LTD CLAYS FARM GOLF CENTRE LTD. CLEARTRACK…
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Winding up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: 10141715 LTD 2028 X LTD 53 CAPITAL TRADE LTD A F REPROGRAPHICS LTD A-B-A-C-U-S FRANCHISING COMPANY LTD A1 SOUTH LTD ACE SCAFFOLDING SERVICES LTD ACH GROUP MANAGEMENT LTD ACORNFORD ESTATES (NORTHERN) LTD ACQUISITION 395445642 LTD ACTONVILLE CONSULTANTS LTD…
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Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies: 19 BELGRAVE MEWS LTD 1NORTH LTD 1ST COUNTY SCAFFOLDING LTD 3 BLUE WORLDWIDE LTD 53 ART LTD A S B INTERIORS LTD A TO Z BOOZE LTD A1 GROUP (UK) LTD ABA DINING LTD ABSOLUTE-DESIGNS LTD ACCOUNTABLE…
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SMEs in the UK are missing out on over £250 billion of cash flow every year due to late payments to SMEs through invoices and associated costs according to a new report by Siemens Financial Services. The report emphasised how integral SMEs are to the UK economy. SME’s growth is being unfairly stunted by large numbers…
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Latest government data has revealed that an average of six shops a day has been lost in England and Wales over the past seven years. Between 2010 and 2017, 15,856 shops were either demolished or converted into homes as retailers struggled to cope with the popularity of online commerce. There has been little reprieve under the…
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