Credit, Collections & Insolvency News
Metro Bank, the revolution in British banking, has today announced the appointment of Alec Viney as Commercial Banking Director. Viney will be joining the bank’s specialist Large Commercial Banking team and will look after business customers in the south-east of England. Joining from HSBC, Alec has over 25 years’ experience in the industry and previously…
Read moreConsumer credit continues to climb in the latest data release from the Bank of England. Key numbers include: Total outstanding consumer credit (excluding student loans and property related debt) hit £196bn The collective credit card balance is £67.3bn Consumers borrowed an additional £1.4bn in February alone Approvals of loans secured on dwellings fell slightly in…
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The Chartered Institute of Credit Management (CICM) has been approved by the Skills Funding Agency as an Apprenticeship Assessment Organisation (AAO) for the Industry’s new Level 3 Trailblazer Apprenticeships. The CICM already acts as an AAO for the industry’s Level 2 Apprenticeships, and the announcement is an extension of the CICM’s existing approval/status. As such,…
Read moreResearch by IPPR, the progressive policy think tank, finds that Income Crisis is widespread in the UK. 946,656 households are unable to cover the cost of two or more of their essential bills, representing three per cent of all households in the UK. An Income Crisis is when a household is unable to pay two…
Read moreHM Revenue and Customs has launched a new hotline for the public to report fraud and evasion in the fight against tax fraud. This service will replace the two separate tax evasion and customs hotlines with one, streamlining HMRC’s intelligence gathering on tax fraud. Customers can report all kinds of tax fraud and evasion on the…
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New figures from the Association of British Insurers (ABI) reveals that trade credit insurers paid businesses the equivalent of over £4 million in claims every week last year. The ABI’s annual trade credit insurance statistics highlight that: Total claims paid to businesses due to non-payment in 2016 was £210 million, the equivalent of over £4…
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Three new alternative lenders have joined the recently launched Association of Alternative Business Finance (AABF) – Invoice Cycle, Merchant Money and Reward Finance Group. The AABF was launched on 1 February this year with the major ambition of championing and promoting the best standards of industry practice. The seven founding members, Capify UK, Catalyst Finance, Credit4,…
Read moreFour-fifths of the gains from tax and benefit changes coming into effect later this week (6 April) will go to the richest half of households, with the poorest third of households set to be £70 worse off on average, according to a new briefing note published by the Resolution Foundation. The analysis looks at the…
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Liquidation notices have been issued and advertised in the London Gazette for the following companies: (BE)SPOKE DERBY LTD 189 PICCADILLY LTD 1DS SOLUTIONS LTD 1GAS & POWER LTD 2GEN MOTORS LTD 3X3 SOLUTIONS LTD 4 COUNTIES FARM SERVICES LTD 434 THE PLEDWICK WELL INN LTD 52N RESOURCING SOLUTIONS LTD 63 DEGREES LTD 7074 LTD A &…
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Winding up Petitions have been issued and advertised in the London Gazette for the following companies: 4FRONT CLEANING LTD A & D HOMES LTD A & R HEATING & PLUMBING LTD A M GAS SERVICES AARON WEBSTER LTD ABSOLUTE HOME TEXTILES LTD ACTIONWAY LTD AE SYSTEMS LTD AERIAL CREATIONS LTD AGILE CONVEYANCING SEARCHES LTD AGP STEEL…
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Administration notices have been issued and advertised in the London Gazette for the following companies: 19 – 20 POLAND STREET LLP 1ST CLASS LEGAL (IS) LTD 4ENERGY LTD 99P STORES LTD A. JONES & SONS LTD ABSOLUTE HOME TEXTILES LTD ADRIAN PHILLIPS PROJECTS LTD AFC ANODISING & POWDER COATING LTD AGENT PROVOCATEUR LTD ALBURY PARK MANSION…
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Online invoice peer-to-peer specialist MarketInvoice has announced the appointment of Shaun Alexander as Head of Risk. Alexander is a highly regarded senior management level professional with over 30 years’ experience in retail and corporate banking, namely at Barclays and Santander, where he led teams focussing on asset-based lending and business finance. Alexander began his career at Barclays in…
Read moreExtra Energy has come bottom of Citizens Advice’s Energy complaints league table for small business customers for the second quarter in a row. The ranking table which was launched in January by Citizens Advice measures how effective energy suppliers are dealing with complaints from small business customers across Great Britain. Citizens Advice says good customer service from…
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