Credit, Collections & Insolvency News
Peer-to-Peer (P2P) business lending platform ArchOver has become a member of UK Finance, the newly created trade body for financial organisations in the UK. Following its acceptance into the Asset-Based Finance Association (ABFA) last month, ArchOver will represent the interests of peer-to-peer lenders in the new group. The membership reinforces ArchOver’s ability to help midmarket businesses…
Read moreAtradius has published its latest Western Europe report which reveals a trading snapshot of 12 main European markets. The publication reports on key economic indicators analyses the performance forecast of key industries as well as reviewing the insolvency environment and economic stability within each country. Countries featured within the latest report include France, Ireland, The…
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Mortgage sales for the UK decreased by £200 million in June, down 1.2% on the previous month, according to Equifax Touchstone analysis of the intermediary marketplace. Buy-to-let figures bucked the general trend, rising by 3.2% (£80 million) to £2.6 billion, while residential sales contracted by 2.0% (£280 million) to £13.9 billion. Overall, mortgage sales for…
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In a new country report on Greece, Atradius forecasts growth across selected sectors including tourism, packaging and international transportation following an expected rebound this year. Exports of agricultural goods such as olive oil, vegetables and fruit, as well as petroleum, pharmaceuticals and aluminum products are also expected to increase, benefiting from higher external demand and…
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A study released by Dun & Bradstreet has revealed data that uncovers the changing role finance leaders play in stewarding their organisation’s customer experience, a mandate traditionally viewed as one of the chief marketing officer. Because positive business results are often fuelled by great customer experiences, chief financial officers are increasingly using data and analytics to…
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The Institute of Chartered Accountants in England and WalesChartered Accountants in England and Wales’ (ICAEW has appointed Tyrone Courtman as Chair of its insolvency and restructuring special interest group. Courtman is a Partner at PKF Cooper Parry has more than 25 years’ experience, leads PKF Cooper Parry’s business restructuring, recovery and insolvency services team across the…
Read moreSecretary of State for the Department for International Trade, Liam Fox, has today announced that UK Export Finance (UKEF) will partner with five of the UK’s biggest banks to deliver government-backed financial support to exporters more quickly and efficiently. Partnering with Barclays, HSBC, Lloyds Banking Group, RBS/NatWest and Santander, UKEF will also be able to extend its support…
Read moreThe UK’s smaller businesses are facing a total bill of £2.16 billion to chase overdue payments, according to Bacs Payment Schemes Limited (Bacs). That’s in spite of a dramatic drop in the overall late payment debt, with new figures showing that UK small to medium size enterprises (SMEs) are owed £14.2 billion in contrast with…
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Callcredit Information Group and company information provider DueDil, have partnered to launch KYC for Business – an enhanced KYC (know your customer) service. The new KYC for Business service will offer clients the combination of two services via one single enquiry, helping to streamline any business customer checks they need to perform whilst ensuring they are…
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SME Lender iwoca and Italy’s Intesa Sanpaolo, are partnering to provide Intesa’s SME clients with innovative credit products to bridge the funding gap and support growth in this key section of the economy. The partnership will leverage iwoca’s market leading SME lending platform and Intesa’s expertise in building banking operations across Italy, Central Europe, Eastern Europe,…
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Business finance provider, Henry Howard Finance, has appointed a new regional director for the South West to its Asset Finance division. With a career in finance spanning more than three decades, including 10 years as a director of asset finance at Lombard, Richard Arnold, joins the firm as South West regional director. Mark Crook, Group CEO…
Read moreThe Federation of Small Businesses (FSB) is calling for improved lending standards and an enhanced British Business Bank (BBB) in support of new recommendations from the Banking Futures initiative. FSB is urging all banks to sign-up to the Lending Standards Board (LSB)’s standards of practice for business customers, as set out in the ‘Banking Small…
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Latest figures released by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) grew in May by 16% compared with the same month last year. The plant and machinery finance and business equipment finance sectors reported new business up in May by 28% and 31% respectively, compared…
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