Credit, Collections & Insolvency News
The Treasury Committee has launched a new inquiry into household finances. The Committee will take a broad look at the state of UK household balance sheets, including whether households are saving adequately in the current economic environment. It will scrutinise problematic indebtedness, inter-generational issues, lifetime financial planning, and the effectiveness of the market in financing solutions…
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A new report by the Office of Tax Simplification (OTS) has made a number of recommendation to improve and simplify VAT. The OTS’s core recommendations includes: that the government should examine the current approach to the level and design of the VAT registration threshold, with a view to setting out a future direction of travel for the threshold, including…
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Small European businesses based in the UK pay their invoices more than two days faster than their British counterpart according to research by Opal Transfer. The research shows EU businesses based in the UK, are 9% quicker to pay invoices than British owned business. EU firms based in the UK take 18.4 days on average…
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While UK companies are is struggling to find confidence, there are some reasons to be cheerful, according to the latest ICAEW Business Confidence Monitor. Companies have seen improvements in profit growth, capital investment and sales volumes and are expecting continuing growth in 2018. Key findings for Q4 2017 in the report suggest: Although the Business Confidence…
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Credit information specialist Cocredo has announced it is celebrating its 15th anniversary. The business was established as part of Wyse Leasing and became a stand-alone Private Limited Company in 2005. Managing Director, Dan Hanocks has been with CoCredo from the start and took over complete ownership of the business in 2015. He has seen the company…
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Liquidation notices have been issued and advertised in the London Gazette for the following companies: A & N PENNINGTON (MANCHESTER) LTD A.JÆS AUTO SERVICES LTD ABB TRADING LTD ACCESSDATA CORPORATION LTD ACE ARC LTD ADVANCED CLIMATE CONTROL LTD ADVICE 4 BUSINESS (UK) LTD ALEXANDER LUCEY LTD ALLSURE LTD T/A CHASE ALEXANDER ALLWOOD INTERIORS LTD AMAVI LTD…
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Winding up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: 12 PROPERTY RENTALS LTD 15 GREENWOOD PARK LTD 2028 X LTD A & D TRANSPORT LTD A C MORRIS BUILDERS LTD A STAR DRIVERS LTD ACORNFORD ESTATES (NORTHERN) LTD ACURATE SECURITY SERVICES LTD ADD A ROOM LOFTS LTD…
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Administration notices have been issued and advertised in the London Gazette for the following companies: 01662739 LTD AAJ LOCKSMITHS (YORKSHIRE) LTD ABS CASES LTD ACQUASCIENCE LTD ADBRAIN LTD ADEN MORGAN SUMMERS LTD ADVANCED CLIMATE CONTROL LTD ALL EVENT STAFF LTD ANNE CLARKE ASSOCIATES LTD ASTBURY ESTATES LLP AVRO AVIATION LTD AVRO LTD B.M.J. (MANUFACTURING) LTD BAY…
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Responding to the announcement of a 0.25% increase in the Bank Rate to 0.5%, Mike Cherry, Federation of Small Businesses (FSB) National Chairman, said: “Today’s rate rise will mean yet more cost pressures for small firms as they battle spiralling prices and flagging consumer demand. An increase was inevitable at some stage so many businesses…
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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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