Armstrong Watson has announced that Partner, Mike Kienlen, has been appointed Chair. Kienlen is a Partner in the Restructuring, Recovery and Insolvency service line and has worked for the firm for 13 years, based at their Leeds office. As Chairman, Kienlen will support Chief Executive Officer, Paul Dickson, with the leadership and strategic positioning of…
Read moreNew data research by onefourzero and GK analysing the credit market has found that consumers now use debt to maintain their spend power. The report analysed demand data for credit cards and overdrafts, and found that reliance on consumer credit has become the new normal; British consumers are borrowing more now than ever before. What was…
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A new report published by Euler Hermes shows that western Europe is leading the way with debt collections procedures. The report titled “Collection Complexity Score and Rating” aims to measure the level of complexity relating to international debt collection procedures within 50 countries. Three main factors were analysed: local payment practices, local court proceedings and…
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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…
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