Credit, Collections & Insolvency News
IGF has announced the appointment of two new Regional Sales Directors across Yorkshire and the Midlands. IGF welcomes Danielle Hodgson as Regional Sales Director for the firm’s Invoice Finance division, covering Yorkshire & the Humber. As the main contact for IGF’s clients in the region, she is responsible for developing relationships with existing and potential SME…
Read moreThe British Business Bank should be readied to replicate the current role of the European Investment Bank (EIB) and European Investment Fund (EIF) in supporting small business finance markets once the UK has left the EU, according to the Federation of Small Businesses (FSB) Brexit in a new report. Under FSB’s new proposals, the British…
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Payment delays and insolvencies are predicted to rise in the consumer durables retail sector this year, reveals a new economic report from trade credit insurer Atradius. While payment delays and insolvencies have remained relatively stable over the last six months, the Atradius Consumer Durables Market Monitor reports a weaker picture for the six months ahead.…
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OneFamily Funeral has revealed that in the UK between 2012 and 2017 the average price of a cremation increased by a huge 33% from £2,896 to £3,894, while the price of a burial has risen by 26% to £5,446. Comparatively inflation has risen just 11.91% over the same period. The most significant costs are for…
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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…
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