Credit, Collections & Insolvency News
Snap Finance has announced that it has made three senior appointments to its business development team. Dave Fletcher joins as Head of Business Development from HSBC, where he spent almost three years as Head of Retail Merchant Relationships covering UK point-of-sale (POS) credit. He brings more than 20 years’ experience in the consumer finance sector,…
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More than half (55.8%) of failed payment transactions among UK SMEs are never recovered, according to new research by Access PaySuite. The survey of 250 UK SME finance and payments decision-makers found that 3.4% of transactions fail on average. Nearly 50% of SMEs experience checkout abandonment, with an average rate of 7.8%. Whilst almost one…
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A criminal from London has been sentenced at Southwark Crown Court to four years and five months in prison after defrauding customers of potentially up to £500,000 over 19 months. The sentencing follows investigation and arrest by a specialist banking industry-sponsored police unit, the Dedicated Card and Payment Crime Unit (DCPCU). Between October 2022 and…
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Increasing numbers of businesses are seeking protection against bad debt as they navigate tough trading conditions, according to SME funder, Bibby Financial Services (BFS). BFS’s latest SME Confidence Tracker reveals that the average amount SMEs are owed in unpaid invoices is £66,770 – a 10 per cent increase year-on-year – and 30 per cent have…
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Credit Connect has announced the shortlist of companies and partnerships for this year’s third annual Credit & Collections Industry Awards. The finalists for this year’s awards consist of 108 entrants (whittled down from nearly 115 entries) from nearly 80 companies within the shortlist. There are over 20 partnership entries in the running to win across…
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In March 2026, the following administration notices were issued and advertised in the London Gazette for the following companies: 12 TREVOR PLACE LIMITED 17 BERKELEY STREET (FLAT 8) LIMITED 17 CRESSWELL GARDENS LIMITED 17 HERTFORD STREET LIMITED 172 OAKWOOD CT LIMITED 23 QG PLACE (THE PENTHOUSE) LIMITED 24 MOUNT ROW (FLAT 1) LIMITED 2C SERVICES…
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In March 2026, Winding Up Petitions (Companies) were issued and advertised in the London Gazette for the following companies: 1ST CARS LIMITED 1ST ECO GEN LTD 1ST PAY LIMITED 2 BY 2 DEVELOPMENTS LTD 327GB LTD 59 CHARLOTTE STREET LIMITED A.L.RINSTALLATIONSERVICES LTD A.M. ENFORCEMENT LTD A&B HOME CARE LTD ABREY CONSTRUCTION LIMITED ABU ZAR LIMITED…
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The ICAEW’s Business Confidence Monitor shows sentiment has fallen for a fifth consecutive quarter, reversing earlier signs of recovery. Before the conflict, businesses had reported improving domestic sales and easing inflation, but rising geopolitical tensions have sharply dented optimism. Labour costs and energy price volatility remain the biggest pressures on firms. Business confidence in the…
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Two thirds (64%) of couples claim higher living costs is making money a bigger issue in their relationship according to new research from Hymans Robertson Personal Wealth. Despite this, less than half (46%) say they know how much their partner earns and only 14% of couples say they regularly discuss their finances together, suggesting many…
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New Barclays research shows that a long‑standing reluctance to talk about money continues to affect how confidently adults manage their household finances. While many avoid financial conversations – often reflecting attitudes shaped in childhood – there is growing recognition that being more open can make a real difference. With six in ten adults (59 per…
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Some of the UK’s leading lenders have expressed their frustrations with UK banking regulation in a new report from the Association for Financial Markets in Europe (AFME). AFME welcomes the FPC’s move to lower its benchmark for Tier 1 capital requirements, which reflects both the effectiveness of postcrisis reforms and improvements in risk measurement. However, AFME cautions that a reduction…
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Mortgage rates have risen significantly since the start of the war in Iran, leaving homeowners facing steep increases in monthly payments – at a time when living costs are already rising across the board, warns Sprive. According to Moneyfacts, the lowest available 2-year fixed deal before the start of the conflict in the Middle East…
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Families in the bottom decile of the income distribution will be at the sharp end of the latest development in the cost of living crisis, and changes to energy and fuel prices alone could mean they experience a rate of inflation almost a percentage point higher than households in the top income decile by the…
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