Businesses across England and Wales are grappling with the huge business rates burden ahead of the controversial revaluation in April new research reveals. An exclusive investigation by CVS Business Rent & Rates Specialists has found nearly 200,000 businesses were hauled before a Magistrate in 2015/16 for non-payment of their business rates fuelling claims the system…
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RateSetter has collected back in £1billon in capital repayments from borrowers since the platform wrote its first loan in 2010. n total, RateSetter investors have lent almost £1.75 billion to individuals and businesses across the UK, including £668 million in 2016 alone. Alongside the £1 billion capital that has been repaid, RateSetter investors have earned £63m…
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Euler Hermes has announced the appointment of Milo Bogaerts as Chief Executive Officer for Euler Hermes UK and Ireland, effective April 1, 2017, pending regulatory approval. He succeeds Valerio Perinelli, who has resigned for personal reasons. The position is based in London and reports to Fabrice Desnos, head of region for Northern Europe. Bogaerts began…
Read moreSmall and medium-sized enterprises (SMEs) are missing out on an opportunity to fund their business more effectively because they lack information about the benefits of asset based lending, a new study from Close Brothers reveals. Its research suggests many SMEs are sticking with inflexible and often unobtainable forms of credit because they aren’t aware of…
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The advantages of the fall in the value of sterling post-Brexit may not be able to overcome the other strong headwinds the sector faces, resulting in 1,800 UK hotel companies having at least a 30% chance of going insolvent within the next three years according to Moore Stephens. While a weaker pound may encourage more…
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Oxygen Finance has tannounced the acquisition of Satago. The transaction will see the businesses working together to offer comprehensive early payment, finance and cash flow solutions for both large buying organisations and suppliers of all sizes, including SMEs. Oxygen provides the capability for large public and private sector organisations to pay suppliers ahead of contracted…
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Business failures across West Dunbartonshire have left a trail of debt. The council has written of £535,646 in unpaid business rates, the total amassed by firms across the area who have either dissolved or gone into liquidation Councillors on West Dunbartonshire Council’s corporate services committee agreed to write off the National Non Domestic Rates (NNDR),…
Read moreHampshire Trust Bank has made two senior appointment ins the past month. Chris Forsyth joins as Chief Operating Officer and Jon Maycock as Managing Director of Asset Finance. In his Executive role, Forsyth has responsibility for technology, change management, human resources and the bank’s savings business. Prior to joining, Forsyth fulfilled various roles within Investec, most…
Read moreCVR Global LLP, has strengthened its senior team with the appointment of Kevin Humphreys as Associate Director. Humphreys is a vastly experienced financial investigator and qualified HM Inspector of Taxes. He joins CVR Global from National Crime Agency (NCA) Economic Crime Command where he was Principal Officer, Financial Investigations. Humphreys will be based in London…
Read moreThe HMRC collected an additional £140 million via investigations into unpaid Capital Gains Tax (CGT) over the last year* shows data provided by HMRC to Collyer Bristow. Collyer Bristow explains that £55 million of the extra CGT related to investigations into ‘wealthy individuals’ and mid-sized businesses, whilst the remaining £85 million was obtained from everyday taxpayers and small businesses. “The statistics make clear that this area…
Read moreWhitmore Reans Credit Union has announced it has appointed liquidators. In March 2016, the Wolverhampton-based credit union stopped trading after it was unable to repay deposits to its members. The Financial Services Compensation Scheme (FSCS) stepped in to protect the 981 members of the credit union. Whitmore Reans Credit Union has now revealed that on…
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FRP Advisory has announced that it has appointed three new partners and seven business restructuring advisers to a new office in Preston David Acland, Steve Williams and Lila Thomas have joined as partners. Acland has 30 years’ experience in restructuring and turnaround and had a 25-year career with Begbies Traynor, becoming regional managing partner based…
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Dave Carter has left The Sheriffs Office. In a statement on Linkedin he confirmed his departure. High Court Enforcement Group acquired the Sheriffs Office in February 2016. Carter is the former Chief Executive Officer of The Sheriffs Office. Carter’s Linkedin statement can be found here.
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