Credit, Collections & Insolvency News
The Competition and Markets Authority’s (CMA) shake-up of the banking industry will offer overdraft users the opportunity to save an average of £180 a year, while other current account holders can save an average of £92. In its final report on the retail banking market published last year, the CMA announced a package of reforms…
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Callcredit Information Group has announced a partnership with a new to market fintech platform, Smartr365, to speed up mortgage applications and provide real-time affordability assessments. The partnership will include providing Smartr365 users with access to MOGObankconnect, an app that enables consumers to securely share online banking transaction data using their personal device, to confirm income…
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The Chartered Institute of Credit Management (CICM) and the Federation of Small Businesses (FSB) have launched a new guide to support small businesses in managing cash through Brexit. The guide is titled Managing Cash Through Brexit guide to highlight the basic principles of cashflow and credit management to help steer businesses through the current uncertainty. The guide…
Read moreAdministration notices have been issued and advertised in the London Gazette for the following companies: 3D RECYCLING LTD 3SIXTY SYSTEMS LTD ABBEY DELIGHT LTD ABC ALPHA BUSINESS CENTRES UK LTD ABC ALPHA BUSINESS CENTRES VI UK LTD ADDITIVE LTD AGRIGUARD LTD ALBERT & MICHAEL HEATH LTD ALL LEISURE HOLIDAYS LTD AMS RETAIL INTERIORS LTD ANFIELD BRECKSIDE…
Read moreWinding up Petitions have been issued and advertised in the London Gazette for the following companies: ADVANCED WATER AND WASTE LTD AGENCY MOBILE (LONDON) LTD ALBUMCARDS LTD APEX STRUCTURES LTD APPLE SERVICES LTD ARMS SECURITY LTD ART REVIEW LTD ASTRO DEVELOPMENTS LTD BARCAM FACADES LTD BENTON PLANT LTD BRIGHTFIRE CONSTRUCTION GROUP LTD BRITANNIA SECURITY & MAINTENANCE…
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Aman Sehgal has joined Keystone Law from Muckle. Sehgal has more than ten years of experience working on high-profile corporate and personal insolvency cases such as multimillion-pound bankruptcies and fraud investigations. He joined Muckle from Bond Dickinson last year and was tasked with building up the contentious work of the firm’s insolvency practice. However, he…
Read moreAndrew Bartle, co-founder of Lowell Group is to leave the company later this year to develop new ventures. Bartle has been a key figure in the industry for almost fifteen years, and a keen supporter of the Credit Services Association. James Cornell Chief Executive Officer said “Andrew and I have worked together for many, many years. As…
Read moreThe financial stresses and pressures of self-employment are taking their toll on family life, according to the latest report from Scottish Widows’ think tank, the Centre for the Modern Family. Findings of ‘Self-employment and the Family’ show that one in five relatives of a self-employed worker (20%) report increased stress levels in their household due…
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14.5 million British adults (29%) say they had no spare money to put aside as rainy day savings in any of the previous 12 months, according to new research from StepChange Debt Charity. The research also highlights how the difficulties people face in saving are acutely felt by those on low incomes and how short…
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People in some of the most deprived areas of Glasgow and Dundee are being offered a new service where an appointment with their doctor could also see them referred to money and debt advisors within the same health-centre. Shelter Scotland has received £239,692 funding to pilot its ‘Healthy Finances’ project from the UK-wide Money Advice Service…
Read moreEquifax has been appointed by new P2P lending platform Flender to support the underwriting of loans for UK SMEs. Equifax will supply real-time consumer and commercial data so that the underwriting process can be automated and optimised. The data insight, provided via the Equifax Business Insights solution, will give a holistic view of SME loan…
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UK business failures will rise by 5% in the next 12 months as the economic slowdown, rising input prices and increased late payment risks begin to take their toll, according to Euler Hermes. This is in sharp contrast with the rest of the continent, where insolvencies will fall by 4% in Western Europe and 1%…
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The Forum of Private Business (FPB) has welcomed the announcement from the Department for Business, Energy & Industrial Strategy (BEIS) that late payment of small business invoices is to be a focus of the Minister for Business. They claim that the issuance of guidance to large businesses on how to pay on time is probably…
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