Credit, Collections & Insolvency News
Morses Club has seen pre-tax profits hit due to the coronavirus pandemic, saying a decline in customer numbers during the six months to August 29 had been considerably steeper than expected. Restrictions on lending to new customers in place from March until mid-July meant it saw 25,000 fewer new customers. The company has also seen…
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Webio has announced that it ranked number 2 in the 2020 Deloitte Technology Fast 50, a ranking of the 50 fastest growing technology companies in Ireland. The Technology Fast 50 award program recognises the fastest-growing technology companies in Ireland and is based on the percentage of operational revenue growth over a four-year period. With revenue…
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Admiral Financial Services has announced that it has selected challenger credit reference agency Credit Kudos to provide Open Banking data to initially help with income verification in a bid to support consumers across its personal loan products. This partnership will provide Admiral with access to additional, more up-to-date information than was previously available through traditional…
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Leeds Building Society is working with leading financial services technology provider, Paylink Solutions, to help mortgage customers who may be facing financial difficulties. The building society has adopted Paylink Solutions’ flagship product Embark to obtain a clear and accurate picture of a borrower’s financial situation quickly and digitally. Jaedon Green, Chief Customer Officer at Leeds…
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Specialist lender Together has made a £10,000 donation to Stockport County FC’s charity campaign to provide meals for youngsters over the festive period. Marc Goldberg, CEO at Together has contributed on behalf of the company to the football club’s Food for Christmas appeal. The campaign aims to raise £220,000 to provide food vouchers for children…
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The name Robinson Way, one of the oldest in the UK Collections industry, is to disappear eight years after the business was acquired by Hoist Finance. The company will become Hoist Finance UK. The move follows a strategy to unify and harmonize the company’s operating model across the 12 countries in which it operates as…
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Alphera Financial Services has announced the appointment of Preston Rogers as the company’s new Director for Financial Services. Rogers will replace Spencer Halil who will join Alphabet (GB) as their new Chief Commercial Officer. Both appointments are effective from February 2021 and subject to approval from the Financial Conduct Authority (FCA). Rogers, currently General Manager…
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UK anti-money laundering (AML) firm SmartSearch has expanded its senior team with three new appointments in November. The roles of Vice President of Customer success, Head of Sales and Enterprise Development Manager have been created in response to the increasing demand for the award-winning solution. SmartSearch’s anti-money-laundering verification platform conducts individual and business searches, both…
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Specialist home credit provider Morses Club, says its revenue increased by 14.3% to £133.7 million (FY19: £117 million) in its preliminary results for the 53 weeks ended 29 February 2020. The listed business also reports a statutory pre-tax profit of £11.5 million (FY19: £20.2 million). Total credit issued to Home Collected Credit (HCC) customers was…
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The Money Advice Trust, the charity that runs National Debtline and Business Debtline, has announced Baroness Tyler of Enfield as its new President. Baroness Tyler takes over the role from Baroness Coussins who will remain involved with the charity as an Ambassador. Otto Thoresen, author of the ‘Thoresen Review’ into financial advice that led to…
Read moreDebt charity, StepChange has announced that it has launched a new Covid payment plan which means that people who have experienced a temporary reduced income due to the pandemic can enter into the new arrangement. The plan will enable them to make reduced payments on their borrowing for up to a year, providing time for…
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Debt recovery specialist Flexys and lender, Bamboo have announced that they have agreed multi-year partnership. Flexys CEO, Jon Hickman, said ”Flexys is proud to have been selected by Bamboo as its specialist partner. We look forward to working with Edward Lunn and his team, and to building a mutually rewarding relationship that will deliver a…
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Accord Mortgages has appointed Jeremy Duncombe as its new Managing Director from 1st January 2021. In his new position will also see Duncombe lead mortgage distribution at Yorkshire Building Society. As well as fulfilling the role of Accord director intermediary distribution currently, Duncombe is the deputy chair of the Intermediary Mortgage Lenders Association. This comes…
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