Platform Black appoints new Sales Director

11th August 2016 Commercial Credit Management |

Richard Whitehouse has been appointed Sales Director at Platform Black. Commenting on his new appointment, Richard Whitehouse said “The fintech market is exploding and this opportunity to join a business in the sector, with such strong lending principles and access to large funding pools, was impossible to ignore. Platform Black’s track record and investment from our parent,…

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HH Cashflow Finance appoint new Head of Sales

2nd August 2016 Commercial Credit Management |

HH Cashflow has appointed Robin Goddard as it’s new Head of Sales.

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1.4 million SMEs write-off debt each year

2nd August 2016 Commercial Credit Management |

Research released by Bibby Financial Services suggests that 1.4 million SMEs are forced to write-off debt each year. Findings from Bibby Financial Services’ SME Confidence Tracker report for Quarter 2, undertaken before the EU referendum, show that 27 per cent of SMEs have written-off money in the past year. Across the business population, findings equate to…

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Company Insolvencies decrease: The Insolvency Service

29th July 2016 Commercial Credit Management |

The latest results Insolvency statistics from The Insolvency Service for Quarter 2 (April to June 2016) reveal that Company Insolvency numbers have gone down. The main findings of the report were: Total company insolvencies were lower than the previous quarter and also decreased on the year This decrease was mainly driven by a decrease in compulsory…

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Two credit insurance specialists set to merge

28th July 2016 Mergers and Acquisitions |

UK Credit Insurance and The John Reynolds Group Ltd will merge in August. Following the merger the new company will be called Acumen Credit Insurance Brokers Ltd. A new website will follow in September: www.credit-insure.co.uk.

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STA International appoint new Managing Director

28th July 2016 Commercial Credit Management |

STA International has announced the appointment of Mark O’Neil as Managing Director. Former Managing Director Colin Thomas will become Chairman. A list of the latest appointments in the credit industry can be found here.

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Hitachi Capital Invoice Finance adds to its Senior team

20th July 2016 Commercial Credit Management |

Andrew Ward has joined Hitachi Capital Invoice Finance as Senior Business Development Manager.  

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Accountant in Bankruptcy adds two members to its board

20th July 2016 Commercial Credit Management |

Accountant in Bankruptcy (AiB) has appointed Bryan Jackson and Laurie Manson to join AiB as non-executive board members. Both will offer independent professional expertise to the Executive Agency of the Scottish Government. AiB is Scotland’s insolvency service and is responsible for administering the process of personal bankruptcy, the Debt Arrangement Scheme (DAS) and recording corporate…

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Strategic Banking Corporation of Ireland and Bibby Financial Services launch invoice financing fund

18th July 2016 Commercial Credit Management |

The Strategic Banking Corporation of Ireland (SBCI) and Bibby Financial Services Ireland (BFSI) have announced a €45million lower-cost invoice financing fund for Irish SMEs. An extension of SBCI’s on-going efforts to drive competition and choice in the Irish lending market, the announcement sees €45 million in funding being made available to Irish businesses. The agreement enables…

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New Chief Executive Officer joins JBW Group

18th July 2016 Commercial Credit Management |

  Nick Tubbs has joined JBW Group as their Chief Executive Officer. 

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Hopes for BHS rescue fade as administrators prepare to shut 20 stores

14th July 2016 Commercial Credit Management |

https://www.theguardian.com/business/2016/jul/15/hopes-for-bhs-rescue-fade-as-administrators-prepare-to-shut-20-stores

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Lowcosttravelgroup collapses blaming Brexit vote

14th July 2016 Commercial Credit Management |

http://news.sky.com/story/travel-firm-collapses-blaming-brexit-vote-10502946

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New leadership roles as Close Brothers unifies north & south divisions

14th July 2016 Commercial Credit Management |

As part of the changes Ian Steward has been appointed Managing Director of Close Brother Invoice Finance. Steward was previously Managing Director of Close Brothers Invoice Finance North. George May and Fiona Parkinson will now become Commercial Directors for the north and south.

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