Credit, Collections & Insolvency News
Administration notices have been issued and advertised in the London Gazette for the following companies: 4MEDIA LTD 63000HOMES LTD A & S TASKER INTERNATIONAL LTD ADB ALARMS LTD ALBERT MEDICAL DEVICES LTD ALEXANDER COMLEY LTD ALPHACRAFT (HIRE SERVICES) LTD ALTEC ENGINEERING LTD ALTEC HYDRAULICS LTD AMS VEHICLES LTD AMS VEHICLES LTD AMTEK ALUMINIUM CASTINGS (WITHAM) LTD…
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New research from Hitachi Capital Business Finance has revealed that three in ten SMEs (29%) did not believe that the new Government will do anything in the near future to help their businesses grow. The poll asked owners and directors of over 1,200 SMEs nationwide what actions they had faith that the new Government would…
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Ten years on from the onset of the global credit crunch, millions of people are still enduring financial pain. New research from GoCompare has found that nearly half (46%) of the UK’s population feel worse off now than they did in 2007, with one in four concerned that they would be in serious financial trouble…
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According to a new study from protection specialist LV=, renters among the late-Millennial generation (25-34 years old) are one of the least financially resilient groups in the UK. Based on research conducted with over 9,000 people, the first instalment of LV=’s ‘Income Roulette’ research found that more than half (55%) of 25-34-year-olds fall short of the…
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New research from Begbies Traynor shows that 329,834 UK companies were experiencing “Significant” financial distress at the end of Q2 2017, a 25% increase from Q2 2016 (263,517 companies), representing the largest annual increase since Q2 2014 and the largest number of corporates experiencing significant distress in at least 5 years*. The Red Flag Alert…
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19% of estate agents in the UK currently exhibit warning signs that indicate they are at risk of going insolvent according to the latest research by Moore Stephens. The research shows that 4,928 estate agents out of a total 25,560 are showing signs of financial distress. Online estate agencies such as PurpleBricks, House Simple and…
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FRP Advisory has strengthened its north of England operation with the merger into the partnership of BWC, the Yorkshire and Teesside-based, independent, corporate recovery and insolvency specialists, bringing into the group all of its 16 staff including three partners and four directors. Led by founding partners Gary Blackburn and Paul Whitwam, David Willis, Martyn Pullin…
Read moreMoody’s Corporation has announced today that it has received clearance under the EU Merger Regulation from the European Commission to acquire Bureau van Dijk, a global provider of business intelligence and company information. Moody’s announced that it had agreed to acquire Bureau van Dijk on May 15, 2017. In accordance with the terms of the transaction, Moody’s expects the…
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Business information specialist, Creditsafe, has announced the addition of 16 countries across the Middle East and North Africa to its global platform. Businesses will now be able to gain instant online access to credit reports for companies in countries including: Bahrain, Benin, Burkina Faso, Congo Kinshasa, Egypt, Jordan, Kuwait, Lebanon, Oman, Palestine (West Bank and…
Read moreThe latest results Insolvency statistics from The Insolvency Service for Quarter 2 (April to June 2017 (Q2 2017) reveal that total company insolvencies increased in Q2 2017, primarily caused by 1,131 connected personal service companies entering liquidation on the same date following changes to claimable expenses rules. The estimated underlying number of company insolvencies fell…
Read moreThe latest results Insolvency statistics from The Insolvency Service for Quarter 2 (April to June 2017 (Q2 2017) reveal that total individual insolvencies decreased in Q2 2017, driven primarily by a decrease in individual voluntary arrangements, which decreased from a record high back to the level seen in 2016. Commenting on the statistics Joanna Elson…
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The Federation of Small Businesses (FSB) is to partner with leading law firm Ascent in order to provide a new dedicated debt recovery service for its members. Ascent will offer the FSB’s 170,000 strong membership a range of debt recovery services aimed at helping them tackle the issue of late payments, including free solicitors, demand…
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Equita has announced that it has appointed Bev Osborne to Equita in a new position as Senior Client Services Manager. Osborne has held leadership roles in a Utility, Capital One and Nottingham City Council (latterly Nottingham Revenues & Benefits Ltd) as the Business Manager for Revenues. Osborne has a track record of consistently delivering against and…
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