Short-cuts in learning and development ultimately hold employees back, and there is no substitute for hard work and classroom interaction, according to new research from the Chartered Institute of Credit Management (CICM). The research suggests that while distance learning has its place, face-to-face education, in a real or virtual classroom, delivers three-times better results. Debbie…
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Following on from the Bank of England Monetary Policy Committee news that is has voted to increase interest rates by 0.25% to 0.5% – the first rate rise since 2007. The credit and collections industry has responded to the rate change. Joanna Elson OBE, Chief Executive of the Money Advice Trust, the charity that runs…
Read moreThe Credit Services Association (CSA) has urged members to start preparing for the government’s decision to ban additional charges for certain future card payments. From 13 January next year, businesses, including CSA Members, will no longer be able to charge surcharges for certain card transactions, but will still face the costs for processing card payments.…
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MarketInvoice has expanded its mission in the business finance space by launching business loans today. This will complement their suite of invoice finance solutions, allowing them to better service the working capital needs of UK businesses. The launch announcement comes as MarketInvoice rebrands, representing its evolution into a business finance company. Businesses will now be…
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The UK government needs to kick-start its stalled corporate insolvency reforms in the wake of the UK insolvency framework falling from 13th to 14th in the World Bank’s rankings according to insolvency and restructuring trade body, R3. R3 is warning that with other countries’ insolvency and restructuring frameworks improving, and with Brexit potentially creating barriers…
Read more20% of restaurant businesses in the UK currently exhibit warning signs that they are at risk of going insolvent according to new research by Moore Stephens. The research shows that 14,800 restaurants are faced with the threat of going under as Brexit and rising labour costs put a strain on the industry. Since the Brexit…
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The latest results Insolvency statistics from The Insolvency Service for Quarter July to September 2017 (Q3 2017) indicate that total individual insolvencies increased, driven primarily by an increase in individual voluntary arrangements, (IVAs) which reached a record high. Personal insolvencies rose 11% from Q2 to Q3 2017 and are 8% higher than this time last…
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The latest results Insolvency statistics from The Insolvency Service for Quarter July to September 2017 (Quarter 3 2017) indicate that total company insolvencies decreased compared with the unusually high level in the previous quarter when a large number of connected personal service companies entered liquidation. When the statistics are compared with last quarter’s underlying numbers,…
Read moreRetailers operating in the new water market are working closely with the Consumer Council for Water (CCWater) to tackle the root causes of a rise in complaints from businesses to the watchdog. CCWater received 559 complaints from non-household customers during the second quarter of the year – around three times as many as the same…
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Ashley Finance have appointed Dawn Trustam as its new Sales Director. Trustram had previously worked at Funding 365 as a Business Development Manager for just under two years, where she was responsible for managing the whole of England and Wales. She has also worked as a Business Executive, supporting four external BDM’s and specialising in all aspects of…
Read moreUK Finance has published its latest update on lending figures. The figures showed that Economic growth was subdued in the first half of 2017, and estimates of growth in the three months to September are only expected to be slightly higher, at around 0.4%. This compares with 0.3% growth in the first and second quarter…
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As speculation grows that the Bank of England Policy Committee (MPC) will increase interest rates at its next meeting in November, the ICAEW is advising businesses to be prepared following over 8 years of historically low rates of 0.5% and, since the Brexit vote, 0.25%. Matthew Rideout, ICAEW Director of Business, said: “Many businesses have…
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The number of Scottish business facing liquation has declined by 23% over the three months leading up to September, according to new research from KPMG. In the year leading up to September 2017, there were 802 insolvency appointments, a drop from 1040 in the previous year. Between June 2016 and June 2017, there was also…
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