Credit, Collections & Insolvency News
Cifas has released a new collaborative report with LexisNexis Risk Solutions which highlights that company directors are one of the most at-risk groups for identity fraud. Nearly 19% of identity fraud victims are company directors, this is despite company directors comprising less than 9% of the UK’s population. Furthermore, the report also identifies a trend where identity fraudsters…
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John Brooks has joined alternative lender Thincats as Business Origination Manager. Brooks joins the company from Natwest and having spent 42 years working with UK businesses – 30 years of which he spent working within different areas of the SME market. The past 12 years have seen John specialising in the professional services sector in…
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Credit Insurer Euler Hermes has strengthened its UK and Ireland management team with the appointment of Melissa Dowle as Director of Customer Strategy and Mike de Bresser as Commercial Director. The Director of Customer Strategy is a newly-created role and Dowle will manage Euler Hermes’ response to the changing needs of clients and brokers. De…
Read moreNew research conducted by RateSetter Business Finance reveals how credit conditions look to be tightening again, with over 400,000 small businesses now interested in finding an alternative to the banks for a loan. When asked, 32% of SMEs that had considered raising finance said that it was now harder than six months ago. During this…
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Following the announcement of Thursday’s UK General Election the credit industry has been responding to the result. Paul Marston, Managing Director of RateSetter Commercial Finance, said “Without doubt, a hung Parliament is the worst outcome for the business community. While politicians vie for position over the next few days, a shadow of uncertainty forms, meaning…
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UK household spending has fallen for the first time since 2013. Kevin Jenkins, UK & Ireland Managing Director at Visa said “Consumer spending fell for the first time in nearly four years in May, following some marked slowdowns in growth since the beginning of the year. Our Index clearly shows that with rising prices and stalling…
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New figures released today by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) grew by 5% in April, compared with the same month last year. The plant and machinery finance sector reported new business up in April by 9%, while new finance for business cars grew…
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New figures released today by the Finance & Leasing Association (FLA) show that new business in the point of sale (POS) consumer new car finance market fell 19% by value and 28% by volume in April, compared with the same month in 2016. This mirrored a reduction in private new car sales in April which…
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One out of every 10 Irish borrowers is in some form of arrears on their mortgage. A total of 76,400 mortgages on homes were in arrears in the first three months of this year, new Central Bank of Ireland figures show. Of the total in arrears, almost 34,000 mortgage accounts are more than two years…
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Two-thirds (63 percent) of UK businesses believe that their organisation is highly protected from attempts by outsiders to gain access to their systems and data, according to a survey by Willis Towers Watson. A similar proportion of organisations (66 percent) maintain that they have the right processes in place to adequately react to privacy and…
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Liquidation notices have been issued and advertised in the London Gazette for the following companies: 483 NCR LTD 75 PIZZA PRONTO LTD A6 DEVELOPMENTS LTD ABACUS TW LTD AFLAH SHAKES LTD AJM ELECTRICAL & SECURITY SOLUTIONS LTD AJP BUILDING & ROOFING SERVICES LTD ALBION SCRAP METALS LTD ALLANS NEWCASTLE LTD ALPHA EARTHWORKS LTD ALXAS LTD AMBAR…
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Winding up Petitions have been issued and advertised in the London Gazette for the following companies: 3NT CONSULTING LTD 784 LTD A & S PUBS LTD A.C.H.G. PROPERTIES A.P. LOOK BUILDING AND MAINTENANCE LTD AAA DRIVEWISE CONTRACTS LTD ABELARDUS LTD ABERSWIFT DE LEADING SPECIALISTS LTD ABH CONTRACTS (UK) LTD ACE GARAGE LTD ACQUIRO LTD ACQUISITION 395448999…
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Administration notices have been issued and advertised in the London Gazette for the following companies: AB INTERNET LTD ADAM DALGLEISH ENGINEERING LTD ADVANCED ANALYSIS AND INTEGRATION LTD AEGIS ENVIRONMENTAL SOLUTIONS LTD AHOY DIGITAL LTD ANCOA SOFTWARE LTD BILL PLANT LTD BIO GREEN ENERGY LTD BLUE CANNON LTD C & J HEATING & PLUMBING LTD C &…
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