Credit, Collections & Insolvency News
Dublin-based credit technology specialist, Vision Blue has announced that it is opening a new office in Nottingham as it expands into the personal insolvency and personal money management markets in conjunction with further investment plans. Industry expert Martin Prigent has been appointed as Director to lead a twelve-strong team based in Nottingham’s Castle Marina. Prigent…
Read moreHanley Economic Building Society has restructured and bolstered its senior leadership team in a bid to drive positive change through its customer propositions. The Society has appointed Lynsey Carter as Head of Operations and Will Jones as Head of Technology. These high-level additions to the senior leadership team follow the recent appointment of Larne Payne…
Read moreNon Standard Finance (NSF) posted a pre-tax loss of £22.8 million in the six months to the end of June. The decline was driven by a £12.7m charge related to its attempt to buy rival subprime lender Provident Financial. Profits were down 790% compared to the previous year, reported pre-tax losses dropped from the £2.5…
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The debt advice sector has developed a first of its kind apprenticeship qualification. The qualification Standard and End Point Assessment have now been submitted to the approval board of the Institute of Apprenticeships. It is expected that the apprenticeship will launch within the next six months. The apprenticeship is a cross-sector qualification developed in collaboration…
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Arrears management and legal services specialist Ascent which is part of the Irwin Mitchell Group, has its latest financial results for 2018/19, indicating that revenue has riseb to £9.7 million. The company says the first quarter of 2019/20 has also been particularly strong for the business, with revenue 12% ahead of target thanks to increased…
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Mortgage servicer, Computershare Loan Services has confirmed it has again been reappointed as standby administrator by Belmont Green for its Tower Bridge Funding No 4 plc securitisation. The company will also act as delegate mortgage administrator for the loans. Andrew Jones, Chief Executive Officer at Computershare Loan Services, said “We’ve developed a great working relationship…
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TransUnion has appointed Sam Welch to its UK executive team, as he joins the business as part of its global strategy and planning function. Taking up his role as strategy and planning director for TransUnion in the UK, Welch will be responsible for driving its growth agenda, aligned to client needs and market trends. Welch…
Read moreParagon’s Motor finance has launched e-signature technology Flexi-sign to help intermediaries meet recommendations made by the Financial Conduct Authority (FCA). Flexi-sign is a new advanced electronic signature solution that enables faster pay- outs along with providing dealers and brokers with more choice and a standardised process when completing documents and verifying ID with consumers. It…
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Debt purchase and credit services specialist Cabot Credit Management has announced its latest company results which saw its earnings before interest, tax, depreciation and amortisation (EBITDA) margin improved to 66% Commenting on the results Ken Stannard, Chief Executive Officer, Cabot Credit Management, said “Cabot has delivered another strong set of results for the period to…
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Debt purchase and management specialist, Arrow Global, has reported a more than 200% increase in half-year profits. Pre-tax profits for the six months to June 30, were £32.5m, compared with £10.7m last year. Total income of £177.7m was up from £166.9m, while core collections of £202.1m showed a 13.5% increase from £178m. During the six…
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Admiral Insurance has announced that it has expanded its strategic partnership with Equifax, to power its affordability assessment for instalment payments. The Equifax solution helps insurers and brokers make informed, accurate customer affordability assessments in real time. By providing access to CATO (current account turnover) data, customers’ aggregated monthly income and outgoings can now be…
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TriLine GRC and 1st Stop Group have announced a new partnership. Investment in TriLine’s fully integrated GRC and SMCR solution forms part of 1st Stop Group’s commitment to further enhance governance culture, systems and controls in preparation for the FCA’s new accountability regime. The TriLine solution will future-proof 1st Stop’s approach, using technology to move…
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Credit eligibility and comparison specialist TotallyMoney has announced it has moved office. The move was spearheaded by TotallyMoney’s HR Manager, Felicity Winkley who said: “Moving in to a brand-new development meant we had a blank canvas to play with, and Thirdway (our fit-out agency) did an amazing job to help us realise the potential of…
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