Credit, Collections & Insolvency News
Alternative 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…
Read moreInsolvency and restructuring firm CVR Global has opened a new office in Bristol and made three appointments. Steve Ramsbottom has been appointed as Partner. Ramsbottom has more than 28 years of restructuring and insolvency experience, including spells with Moore Stephens, Deloitte and KPMG. Jess Jennings has also joined CVR Global’s Bristol office as Associate Director,…
Read moreBusiness Energy specialist, PCMG has seen UK companies spending up to seven-figure sums on TNUoS charges, which have gone up by around 160% since 2010. Transmission Network Use of System charges cover the cost of transporting electricity long distances from power stations to regional networks. They make up approximately 6% of the total energy bill…
Read moreThe number of debt decrees registered against businesses in Scotland fell during the third quarter of the year, according to figures released today by Registry Trust. There were 561 decrees against all businesses in the third quarter 2017, down 43 percent compared with the same quarter a year ago. The total value of all business…
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New figures released by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) fell by 6% in September, compared with the same month last year. In Q3 2017, new business fell by 2% compared with the same quarter in 2016. While new finance for business equipment grew…
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