Credit, Collections & Insolvency News
CVR Global has strengthened its partner team with the appointment of an experienced insolvency and restructuring professional. Charles Turner has joined the insolvency, restructuring, international fraud investigation and asset tracing firm and will be based out of CVR Global’s London office. Turner spent 23 years with PwC and after leaving the firm in 2010 was…
Read moreThe Council of Mortgage Lenders (CML) has estimated that gross mortgage lending reached £18.4 billion in April. This is 11% lower than March’s lending total of £20.7 billion, but is 4% higher than the £17.7 billion lent in April last year. Commenting on market conditions in this month’s market commentary, CML senior economist Mohammad Jamei…
Read moreThe British Bankers Association (BBA) latest high street banking data shows that consumer credit growth was 6.4% in April, compared with 6.1% in the previous month. Gross mortgage borrowing totalled £13.4 billion in April.* Net mortgage borrowing was 2.4% higher than a year ago. Eric Leenders, BBA Managing Director for Retail Banking said “As the…
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Creditsafe has created a Prompt Payment Premier League table. The table reveals that English Premier League Clubs have overdue invoices totalling £1.3million and 20% are late by 20 days or more beyond the agreed payment terms. Manchester United who place 19th in the Prompt Payment Premier League have 63 outstanding invoices totalling £857,183, making up…
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Business Lending Peer to Peer platform ArchOver has secured full authorisation from the Financial Conduct Authority (FCA). Angus Dent, Chief Executive Officer at ArchOver said “There is great satisfaction in gaining a stamp of approval. Our industry-leading policies and procedures will allow us to take alternative forms of lending to the next level. At a…
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Business Peer to Peer Lender Funding Circle has received full authorised by the Financial Conduct Authority. Launched in 2010, Funding Circle allows people and organisations to lend to small businesses, offering investors attractive and stable returns whilst supporting the backbone of the British economy. The news puts Funding Circle in a position to be able to…
Read moreA nationwide study of the financial wellbeing of UK workers ‘The DNA of Financial Wellbeing 2017’ report has revealed that 31% cite finance as their biggest concern. However, nearly half of HR directors think that their employees biggest concern is work life balance (48%) and career development (43%), demonstrating a mis-alignment between employee and employer. The…
Read moreIwoca, and PayU, a leading payment service provider, have launched an innovative collaboration aimed at making it easier for small and medium-sized (SME) entrepreneurs, particularly those in the eCommerce and eService industries, to obtain financing for growth. The collaboration marks the first venture of this kind in the European fintech market. The new solution enables…
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The Central Bank of Ireland has published its latest Household Credit Market Report. The report collates information from internal and external sources to give an up-to-date picture of developments in the household credit market in Ireland. The report finds that Irish households continued to reduce their debt-to-income and debt-to-asset ratios during Q4 2016 but indebtedness…
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Independent Growth Finance (IGF) has announced the appointment of three senior hires at its offices in London and Manchester with a new ABL Director and two Regional Sales Directors joining the firm. Jamie Gould will join IGF Business Credit as ABL Director for London and South East, Gould has over 35 years’ experience in the alternative finance…
Read moreThe High Court Enforcement Officers Association (HCEOA) has announced that David Asker, Authorised High Court Enforcement Officer (AHCEO) and Director of Corporate Governance at The Sheriffs Office has been elected to join the board. The HCEOA, formerly The Sheriffs Officers Association, was founded 130 years ago, with its core aim to represent its entire members and…
Read moreSancus Finance’s Managing Director, Caroline Langron has been appointed Managing Director of FundingKnight Langron will continue in her role as managing director of Sancus Finance, which she has led since 2014. The appointment comes on the back of a business restructure which saw both Sancus Finance and FundingKnight’s owner, GLI Finance bring together a select…
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Bibby Financial Services (BFS) has appointed Sharon Wiltshire as UK commercial director. First joining BFS in 2001, Wiltshire brings 30 years’ experience in commercial finance, having started her career at RBS Invoice Finance in 1987. She has held a variety of operational and commercial roles with BFS, including operations director and managing director for the…
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