Nearly a third of Scotland’s professional services firms are considered to be at higher than normal risk of insolvency, according to research by insolvency and restructuring trade body R3. The research shows that 30.7% of businesses in the sector are considered to be at higher than normal risk of entering insolvency in the next year,…
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More than 550,000 small businesses in the UK have been forced to halt trading due to a disruption in the last two years, according to new research by small business insurer Direct Line for Business. Destroyed stock and delivery vehicles breaking down are just a couple of incidents that have been known to cause a halt…
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KSA Group, has appointed Stephen Jones as Regional Manager. Jones qualified in 1986 and has extensive experience in SME and owner-run businesses, including the turnaround of loss-making companies. Managing Director of KSA Group, Keith Steven, said “Stephen joining ‘plugs a gap’. We now have very experienced regional managers in every main business area delivering innovative turnaround…
Read moreJ&P Credit Solutions, the specialist Debt Recovery division of solicitors practice Judge & Priestley LLP, has strengthened its senior management team by appointing Mark Bailey to the newly created role of Director of Collections. Bailey will be responsible for enhancing and growing J&P Credit Solutions’ pre-litigation offering. He will also work to integrate pre-legal collections activity…
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The Insolvency Practitioners Association (IPA) has appointed Lloyd Hinton as its next Deputy Vice-President Hinton has been a member since 2001 and an IPA licence holder since 2007, is a fellow of the Association, Chairman of the Examinations & Training Committee, member of the IPA Council and has been progressively active in the Association’s activities…
Read moreConfidence in the UK’s economy has fallen again, being driven primarily by a steady decline in manufacturing, according to preliminary results from the Chartered Institute of Credit Management’s (CICM) latest quarterly barometer. Early indications from Q3 of the Credit Managers’ Index (CMI) show a third consecutive quarterly fall in the index’s headline figure, representing a worrying trend. The…
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Lendinvest has appointed Willem Wellinghoff as VP of Compliance. Wellinghoff is responsible for leading the compliance function, setting and maintaining LendInvest’s compliance and risk management strategy. He also serves as a member of the LendInvest’s Governance Committee for Compliance and Risk. Wellinghoff boasts extensive compliance experience having spent a decade at Cabot Credit Management, a leading credit services…
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New figures released by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) grew by 18% in August, compared with the same month last year. New business reported by the commercial vehicle finance and business equipment finance sectors grew in August by 28% and 24% respectively, while…
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Sidley Austin LLP has announced that Jifree Cader is joining the firm as a partner in its Corporate Restructuring and Bankruptcy practice. Cader, brings a wealth of experience in advising clients on all facets of European insolvency and restructuring. James Conlan Chairman of Sidley Austin said “Jifree has considerable experience in restructuring work, particularly on…
Read moreSharon Walker has joined North West law firm Napthens as debt recovery manager. Walker, a Chartered Legal Executive, will be based in the firm’s Preston office. She joins following almost ten years’ experience in the recovery of debt from individuals and businesses, working for companies including Marsh Finance Ltd, Bolton-based Keoghs LLP and Ralli Solicitors in…
Read moreAverage starting salaries for professional roles have grown by a composite rate of 3.68% in the past three years, according to the recruitment specialist Robert Half. Salaries for professional roles in finance and accounting, financial services, technology and administration are predicted to grow by a further 2.1% in 2017. Starting salaries for accountancy and finance roles…
Read moreSixty two per cent of a cross section of the UK’s insolvency industry believes that Brexit will lead to an increase in the number of business failures over the next 12 months, according to a survey conducted by international law firm Pinsent Masons. Over 400 insolvency practitioners attended th Restructuring and Insolvency conference, hosted by Pinsent…
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Brian Morgan has been appointed as Operations Director for the Rimilia Rimilia Commercial Director Steve Richardson said; “We are delighted to welcome Brian to our executive team. He is well known as a leading innovator in the Credit World and brings a host of experience to the Rimilia management team. Brian will help develop our strategy,…
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