Credit, Collections & Insolvency News
Billions of pounds in EU funding dedicated to supporting small firms must be replaced to avoid the risk of an economic slowdown post-Brexit, according to the latest Federation of Small Businesses (FSB) report. FSB is calling on the new Government to seize the opportunity presented by Brexit to radically reform England’s business support landscape. Its…
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The Centre for the Study of Financial Innovation (CSFI) has published a new report examining the growth of Peer to Peer and how it is been used by small businesses and investors. In the report, Andy Davis looks at the explosive growth of new sources of finance for small businesses over the past five years represents…
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The Board of Market Operator Service Limited (MOSL) has announced the appointment of Chris Scoggins as Chief Executive following a competitive recruitment process. The appointment follows an announcement in March this year that MOSL’s current Chief Executive, Ben Jeffs, would be stepping down. Scoggins is an experienced business leader who has worked at board level…
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The smallest businesses should not be excluded from plans to cap ‘rip off’ energy bills, according to the Federation of Small Businesses (FSB). A price cap for the 17 million households on variable standard tariffs would deal a double blow to microbusinesses – these firms are the most vulnerable and so deserve protection. Under today’s…
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The latest research from Plentific.com, an online home service marketplace, has found that financial help from the Bank of Mum and Dad isn’t just limited to purchasing a property; it also extends to improving the home. A fifth of homeowners (18%) say they rely on the Bank of Mum and Dad to help finance home…
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The Institute For Fiscal Studies (IFS) has released a new briefing note as part of its pre-election analysis, provides key information on incomes and inequality. It analyses net household incomes (after taxes and benefits) since the recession, and looks ahead to what we might expect over the next parliament if official economic forecasts turn out…
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Software financial specialist Rimilia has announced the appointment of Stephen Halliday as Head of Development. Rimilia Managing Director Chris McGibbon said; “It’s great to have Stephen on board at a very exciting time as Rimilia solutions continue to develop at a rapid pace. Stephen’s experience and drive will enable us to continue to deliver innovative…
Read moreInsight from MoneySuperMarket has revealed that the introduction of an energy price cap, widely rumoured to feature in the Conservative Party general election manifesto, could mean the end of cheap fixed rate tariffs, risking a situation where UK households miss out on additional savings of £200. Last year alone the cheapest deals offered by MoneySuperMarket…
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Close Brothers has announced the acquisition of Novitas Loans. Novitas is a leading provider of loans to the legal sector and will become part of Close Brothers Invoice Finance and Rentals, led by David Thomson. Novitas specialises in providing working capital for law firms and also loans to their clients purchasing specific legal services, from divorce…
Read moreAdministration notices have been issued and advertised in the London Gazette for the following companies: ARIK AIR INTERNATIONAL LTD B.W. MANUFACTURING (PLASTICS) LTD BARTON MOSS FARM PRODUCE LTD BCBG MAX AZRIA UK LTD BOSTOCK METALWORKS LTD C.J. LEE & SONS (DAMERHAM) LTD CFO LENDING LTD CGNB LTD CLEAR SPACE CONSTRUCTION LTD COE-CRETE CHESTERFIELD LTD CONTACT TRANSPORT…
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Liquidation notices have been issued and advertised in the London Gazette for the following companies: 1066 IT SOLUTIONS LTD 108 VAUXHALL LLP 4D MEP CAD LTD A C PRODUCE (IMPORTS) LTD A L BENEFIT SOLUTIONS LTD AA INDUSTRIES LTD AAHP LTD ABE HEALTH CARE LTD ABLE DIGITAL CONSULTING LTD. ABSOLUTE PROPERTY SERVICES GROUP LTD ACCIDENT CLAIM…
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Winding up Petitions have been issued and advertised in the London Gazette for the following companies: A.G. LAMB LTD ACQUISITION 395446180 LTD ACQUISITION 395448370 LTD ACS FACILITIES LTD ADC TRADING (UK) LTD ADRIAN V LTD AESTHETICS OF LONDON LTD AIREDALE ENVIRONMENTAL SVS LTD ALBY DISTRIBUTION GROUP LTD ALEGRO ADVISORS LTD AMB ROOFING SERVICES LTD ARCRO HOLDINGS…
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The Insolvency Service has handed out 573 director disqualifications lasting more than five years in 2016/17, the highest figure since 2010/11. In 2015/16, it handed out 532 bans. Data from the regulator showed that, in total, there were 1,214 director disqualifications in 2016/17, compared with 1,210 one year earlier. The regulator said the average period of…
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