Asset finance continues to grow

6th October 2017 Commercial Credit Management |

New figures released by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) grew by 3% in August, compared with the same month last year. The plant and machinery finance sector reported new business up in August by 4% compared with the same month in 2016, while…

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Prime Minister reinforces energy price cap plans

5th October 2017 Consumer Collections |

The Prime Minister’s has announced plans for a cap on energy bills at the Conservative Party Conference. Citizens Advice has welcomed the Prime Minister’s announcement of legislation to tackle high energy bills, saying it could provide a solution to runaway energy costs. The national charity has also called for the government to look at protecting low-income…

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Bank of Mum & Dad borrowing creates family guilt

5th October 2017 Consumer Collections |

The concept of the ‘Bank of Mum and Dad’ is growing in importance but more than half of potential first-time buyers expecting to receive financial help from family to complete their purchase would feel guilty about doing so, new research reveals. The latest First-Time Buyers Report by Yorkshire Building Society shows 66% of UK adults aged 18-40…

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Metro Bank appoints Commercial Business Director

5th October 2017 Commercial Credit Management |

Metro Bank has announced the appointment of Roger Fenwick as Director of Specialist Sectors for its commercial business, responsible for the expansion and development of the bank’s dedicated sector teams. Reporting directly to Mark Stokes, Managing Director Commercial Banking, Fenwick will oversee the bank’s healthcare, hospitality and leisure, insurance and financial services, and property teams.…

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Shire Leasing wins Hybrid Funder award

5th October 2017 Commercial Credit Management |

Shire Leasing has announced it has Top Hybrid Funder of the Year at the 2017 Leasing World Awards. The award recognises Shire Leasing as the leading company that has most successfully increased their Own Book funding portfolio and has now surpassed the 50% barrier of own-book to brokered deals, a great achievement for a truly…

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Baldwins makes two acquistions

4th October 2017 Mergers and Acquisitions |

Advisory specialist Baldwins, who last year joined CogitalGroup to form part of their international business service group, has announced its largest acquisition to date. The firm is expanding into Scotland with two acquisitions which will see its revenue grow to £89 million. Campbell Dallas, which has offices in Glasgow, Perth, Kilmarnock, Stirling and Aberdeen, employs 260 staff…

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Businesses fear insolvency as a result of GDPR penalties

4th October 2017 Regulation and Compliance |

55% of UK small businesses are still not familiar with the General Data Protection Regulation (GDPR) despite its introduction being now less than a year away, according to a new business research by Collyer Bristow. The survey further reveals that the knowledge of GDPR is higher in larger businesses. However, 30% of executives at companies…

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LIQUIDATION NOTICES: Meeting of Creditors – September 2017

3rd October 2017 Commercial Credit Management |

Liquidation notices have been issued and advertised in the London Gazette for the following companies: 07715030 LTD 1ST CALL AUTO SOLUTIONS LTD 2 AM CREATIVE LTD 21 TOMBLAND LTD 2EON LTD A M COURIERS (NW) LTD A R A (2014) LTD A RUSHTON JOINERY LTD A.E.CROSS LTD ABOARD LTD ACE MOULDING SERVICES LTD ACTIVE PROPERTY SOLUTIONS…

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INSOLVENCY NOTICES: Winding Up Petitions – September 2017

3rd October 2017 Commercial Credit Management |

Winding up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: 12 PROPERTY RENTALS LTD 19 RM LTD 19/9 194F LTD 1ST BASE PROPERTIES LTD 20/20 BEEF LTD A & I CHILDCARE LTD A & M LONDON DEVELOPMENTS LTD A J CONTRACTS (WHITSTABLE) CONSTRUCTION LTD A STAR DRIVERS LTD…

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INSOLVENCY NOTICES: Appointment of Administrators – September 2017

3rd October 2017 Commercial Credit Management |

Administration notices have been issued and advertised in the London Gazette for the following companies: 3RD GERMINATION LTD ACQUISITION 395445574 LTD ALNO (UNITED KINGDOM) LTD AMIGO TRAVEL LTD AQUAMAT LTD ASTROSOCCER 4 U LTD AXIS MEDIA LTD B&H VINCENT LLP BAKERS PANTRY LTD BARPOINT LTD BASLER (UK) LTD BELL POTTINGER LLP BETTERCLEAN (SERVICES) LTD BLUECHIPWORLD SALES…

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CCUA Conference announces keynote speaker

29th September 2017 Consumer Collections |

The CCUA has announced that Shannon Salter, Chair of the Civil Resolution Tribunal of Canada as will be the keynote speaker at this year’s annual conference. This year’s CCUA Conference will be held on Tuesday 17th October at The Birmingham Council House in central Birmingham. THe CCUA said ”  We are delighted to welcome Shannon Salter,…

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Small businesses still lack alternative sources of finance

29th September 2017 Commercial Credit Management |

The British Business Bank, the UK’s national economic development bank, has published The Benefits of Diverse Finance Markets for Smaller Businesses, a report that provides a fresh analysis of the need for greater choice for the UK’s smaller businesses looking for finance to grow. The report explains why and how the Bank works to help increase…

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UK should avoid changes to IFRS post-Brexit

28th September 2017 Commercial Credit Management |

In its latest report Brexit: implications for financial reporting, ICAEW’s Financial Reporting Faculty suggests that UK plc should continue to apply internationally-accepted accounting standards if the UK wishes to retain its status as a major global financial centre. However, learning from the experience of the EU and other IFRS (International Financial Reporting Standards) jurisdictions, it…

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