Credit, Collections & Insolvency News
Phoenix Commercial has launched a new High Court Enforcement service. Paul Caddy, Managing Director and Authorised High Court Enforcement Officer (AHCEO) has brought together an experienced High Court team, headed up by Nicola Harrington-Carter as Director of High Court Services. Harrington-Carter a former Director at The Sheriffs Office, brings with her Melissa Church as Marketing…
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Companywatch has appointed Jo Kettner (née Roberts) as its new Chief Executive Officer (CEO). Kettner takes over the firm’s leading executive role from co-founder and former CEO Denis Baker who will remain with the firm as a board director and full-time member of staff. Since 2003, Kettner has held a number of roles at Company Watch. Initially…
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New research from Gocompare.com finds that young people’s financial reliance on their parents could be putting families under pressure. The Bank of Mum and Dad picks up bills for food, mobile phones, clothing, cosmetics and transport – as well as treats. The research, commissioned by Gocompare.com Money, looked at the financial help parents of 17…
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A study, by the International Longevity Centre-UK (ILC-UK), supported by the Building Societies Association (BSA) has found that borrowing into older age is likely to move from niche to mainstream within the next decade. The amount of mortgage debt held by over 65s is set to increase by more than £19 billion by 2030 (from…
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An online building products supplier has been fined £55,000 by the Information Commissioner’s Office (ICO) after the firm failed to protect its customers’ personal information. Construction Materials Online Ltd (CMO) was unaware its website contained a coding error which left it vulnerable to attack. On 6 May 2014 an attacker used a common hacking technique…
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Legal & General and Cebr have published a new report into the role the Bank of Mum and Dad plays in helping their children get on, or move up the property ladder. The research shows the Bank of Mum and Dad will lend over £6.5 billion in 2017, up from £5bn in 2016, providing deposits for…
Read morePeer to Peer lender Kulfink has received full FCA regulation. The accreditation marks a milestone seal of approval for the Kuflink Group, validating the company’s founding premise of customer-centric transparency, financial security and premium industry service as a paramount objective. Kuflink is part of the Kuflink Group, which is also compromised Kuflink Bridging. Launched in December 2011, the company is a lender in the…
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The British Bankers Association (BBA) has released March 2017 figures for the high street banks. Eric Leenders, BBA Managing Director for Retail Banking said: “In March, annual growth in consumer borrowing from the main high street banks* slowed, perhaps mirroring the dip seen in retail sales volumes as price rises appear to have started biting…
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The latest results Insolvency statistics from The Insolvency Service for Quarter 1 (January to March 2017) reveal that Company Insolvency numbers have gone down. The main findings of the report were: Total company insolvencies in Q1 2017 decreased compared with the unusually high level in the previous quarter, when a large number of connected personal service…
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A new briefing note released by the Institute for Fiscal Studies (IFS) has analysed the impact of tax and benefit changes since May 2015 on the incomes of different kinds of households. One of the key findings in the reports suggests that the one million families with children and nobody in paid work would be…
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The Peer-to-Peer Finance Association (P2PFA) has published lending volume figures for its nine-member platforms for the first three months of 2017. The associations says ” the figures underscore the continued development of the sector with the maintenance of impressive expansion in lending volumes and investor participation.” With cumulative levels of lending at almost £8.5 billion,…
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Accountant in Bankruptcy (AIB) has published Scotland’s latest Insolvency figures. The number of Scottish registered companies becoming insolvent or entering receivership decreased in the fourth quarter of 2016-17, with 155 companies becoming insolvent compared with 230 in 2015-16 Q4. The number of members’ voluntary liquidations (solvent liquidations) decreased from 358 to 119 over the same period.…
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The Civil Enforcement Association (CIVEA), which represents all the major civil enforcement agencies along with a number of independents, is to host a major conference this September 20th at One Great George Street in Westminster. The one-day event will include a conference and exhibition and will be free to delegates drawn primarily from local authorities. …
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