Credit, Collections & Insolvency News
A third (32%) of UK SMEs that do not currently trade internationally plan to do so this year, according to research from Shawbrook. While 38% of SMEs are already trading outside of the UK, a further third now plan to begin doing so within the next year. Only 28% do not currently trade internationally nor…
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Community lender Salad has announced that it has appointed Robin Maxe as Chief Operating Officer (COO). Previously Maxe has led business growth across the tech, gaming, fashion and consumer goods sectors, delivering results for a range of firms such as Trilitech, Ralph & Russo, Sony and PlayStation. A Durham University graduate with an MBA in…
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The former boss of a hotel on the Isle of Skye has been banned as a director after his company went into liquidation owing more than £400,000 in VAT. Campbell Dickson was the director of Caledonian Skye Ltd, which traded as The Portree Hotel on Somerled Square in the town. Caledonian Skye Ltd went into…
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PKF Littlejohn has announced it has appointed Mike Lee as a Director in its Advisory & Restructuring team. With more than 30 years’ experience as a corporate advisory and turnaround specialist in the North West, Lee will be responsible for providing strategic advice to clients facing creditor issues with practical measures such as cashflow analysis,…
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New research by challenger business, Allica Bank, has shown a sharp rise in broker confidence for the months ahead. Though just over 18% expressed concern for the next six months, over half (51.2%) of brokers said they had a positive outlook, a significant increase on Quarter 4, when confidence was just 24%. A further 30%…
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The Money and Mental Health Policy Institute has announced that it has awarded HSBC an ‘Advanced rating’ through its Mental Health Accessible programme for essential services firms. HSBC UK’s ‘Advanced’ rating is the second of three levels firms can achieve through the Mental Health Accessible programme (the bank reached the first level in September 2023).…
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Energy regulator, Ofgem has announced a new requirement for suppliers to offer at least one lower standing charge tariff to their customers. The regulator has published a consultation on requirements for suppliers to offer a lower standing charge tariffs.. Under the plans, these tariffs would be available to customers in every region of Great Britain…
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Credit Connect Media hosted its second Commercial Credit & Collections Conference of the year last week in Tower Hill in London, which saw over 35 trade credit and insolvency professionals from various industry sectors meet to discuss the latest industry challenges. The Commercial Credit & Collections Conference hosted three themed round tables following an economic…
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A Freedom of Information (FOI) request submitted by Royal London to the Student Loans Company (SLC) has revealed a huge spike in the number of borrowers burdened with student loan debt in excess of £100,000, which jumped by a third to more than 150,000 in the first six months of the year. The FOI revealed…
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New research by the Skipton Group has highlighted the alarming nature and scale of the housing crisis facing millions of adults trapped living with their parents. The data shows that an overwhelming majority are stuck – 98% of them are unable to afford to buy the average first-time buyer home in their area based on their…
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More than seven million households need to read their meter by the end of the month to make sure they avoid higher energy rates from 1st October, according to research by Uswitch. Homes on a standard tariff with average usage are expected to spend £140 on energy in October, compared with £63 in September. The…
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A new survey by the British Retail Consortium (BRC) suggests growing concerns about the cost of living in the year ahead. The survey of 2,000 people, conducted by Opinium, found people’s biggest concern was ‘prices rising faster than wages’, with 57% of respondents agreeing (61% among working people). This was higher than concerns around tax…
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One in seven (14%) adults have never checked their pension, despite reviewing their other financial products more frequently according to new research by Standard Life. Those who are closest to retirement are more likely to have not engaged with their pension, with 17% of over 55s admitting they’ve never checked theirs, compared to 12% of…
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