Credit, Collections & Insolvency News
A specialist financial services advisory team has advised on a landmark legal case in which the director and insolvency practitioner of a major insolvency practitioner business was found to have acted negligently in his capacity as director, and dishonestly in his capacity as office holder appointed in respect of IVAs administered by the business. Following…
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Irish accountancy firm Smith & Williamson has announced its merger with Dublin-based firm LHM Casey McGrath, creating a total workforce of 135 people based in its two Republic of Ireland offices. The merger positions Smith & Williamson in the top tier of accountancy and financial services businesses in Ireland. It also achieves a key strategic…
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Arum has secured a place on the newly launched Digital Outcomes and Specialists 3 Framework (DOS3), run by Crown Commercial Services (CCS). This framework enables central government and wider public sector to select pre-approved suppliers to tender for projects specifically in the digital space. It is expected to be worth around £1billion over the next…
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Darlington Building Society has announced the appointment of Andrew Craddock as its new Chief Executive Officer (CEO). Craddock will join the Society, subject to regulatory approval, on December 1st Craddock has over 30 years of experience in the industry and joins directly from Buckinghamshire Building Society, where he has been the Chief Executive for the…
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Buckinghamshire Building Society has announced that subject to regulatory approval, Gerard O’Keeffe will become its new Chief Executive Officer (CEO). O’Keeffe will begin the role on 19th November. Current Chief Executive Andrew Craddock will leave to join Darlington Building Society. Robin Bailey, Chairman of the Buckinghamshire Building Society said “We are delighted to have Gerard O’Keeffe joining…
Read moreStepchange has published its new four-year strategy that sets out its ambition to double the number of people it can help by 2022 and also plans to launch early intervention services. Independent analysis suggests that the number of people requiring debt advice will soar to two million by 2022. Stepchange says this stands in stark contrast…
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Collections specialist Debt Managers (Services), business growth has resulted in a £1million office refurbishment and the creation of 70 job opportunities for local people over the next six months. Debt Managers (Services), was acquired by Secure Trust Bank in 2013. Since then the credit management company has grown rapidly, leading to a significant recruitment drive…
Read moreEnforcement specialist JBW have announced have acquired Phoenix Commercial. The agreement will create the UK’s second largest enforcement company. The deal follows an acquisition of the shares in Phoenix by JBW, with funding provided by OUTSOURCING Inc OUTSOURCING Inc. is a Japanese listed company with headquarters in Tokyo and has expanded its operations internationally in Asia,…
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Energy services group, Engie has signed its first energy white-label contract with a local authority to supply householders across the north-west of England. In the new offer launching today, residents in the Cheshire West and Chester region will benefit from a new local energy platform called Qwest Energy. The new proposition sees Engie become the…
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UK payments fintech specialist, Modulr, has opened a new office in Edinburgh and says it aims to take advantage of the city’s burgeoning fintech scene and grow its software engineering, customer support, risk and compliance, and finance teams. Modulr recently completed its latest funding round, led by the UK’s leading digital venture builder, Blenheim Chalcot which…
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The FSCS (Financial Services Compensation Scheme) has named six firms that defaulted in August. The FSCS is the UK’s statutory compensation scheme that protects customers of regulated financial services firms. The six firms are: Cain Lambert Limited formerly known PAR Capital Mortgages Limited, 44 St. Edmunds Road, London, N9 7PT MML Administration Limited, 9 Portland Square, Bristol,…
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Omnichannel contact centre technology specialist Noble Systems has announced that it has opened a new London office alongside confirmation of a number of new appointments. Noble welcomed James Riley, VP Sales & Marketing EMEA & India, who joined at the end of last year, bringing with him extensive experience in company growth and expansion. In addition,…
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The Information Commissioner’s Office (ICO) has issued credit reference agency Equifax with a £500,000 fine for failing to protect the personal information of up to 15 million UK citizens during a cyber attack in 2017. The incident, which happened between 13 May and 30 July 2017 in the US, affected 146 million customers globally. The…
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