Credit, Collections & Insolvency News
Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in August: (ITO) INNOVATION TECHNOLOGY OFFICE LIMITED 12 CELLARS LTD 16 STANWICK ROAD MANAGEMENT COMPANY LIMITED 1ECOM GROUP LIMITED 1ST CHOICE BOUNCY CASTLE HIRE LIMITED 2-DTECH LIMITED 21 TWENTY LTD 21ST TRADING LIMITED 2471 CONSULTANCY LIMITED…
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Two-thirds of businesses believe Artificial Intelligence (AI) will be a key driver in UK economic growth, according to research by Lloyds’ Financial Institutions Sentiment Survey (FISS). The research has found that the sector is entering a new phase of AI maturity, with firms reporting tangible business benefits and increased investment in the technology over the…
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Working parents’ confidence in the future UK economy and their future and current household finances has plummeted ahead of the start of the new school year according to Which?’s latest consumer insight tracker. In the month to 13th August, working age parents’ confidence in the future UK economy fell dramatically by 25 points from a…
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Nine in ten businesses (89 %) are looking to solve business problems with AI (Artificial Intelligence) over the next two years, with improving data analysis, forecasting or business intelligence, enhancing customer experience and reducing operational costs cited as the main opportunities according to new research by Barclays. Over the past year, businesses have already invested, on…
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New research from AllClear has revealed that over half of parents (56%) have received financial help from grandparents for family holidays, while 54% say they’ve even footed the entire bill. With the rising cost of living in the UK, grandparents appear to be playing a bigger role than ever before, with many stepping in to…
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The Financial Policy Committee (FPC) has announced two new appointments. The Chancellor of the Exchequer, Rachel Reeves, has announced the appointment of Professor Stephen Blyth as an external member of the Financial Policy Committee. Professor Blyth is a British mathematician and academic who has served as Principal of Lady Margaret Hall, Oxford, since October 2022.…
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New data from Moneyfacts has shown that despite softening house price growth, the burden of mortgage payments is impacting household finances. The data shows that an average earner is able to put down the required deposit and commit to a mortgage in the past couple of years, but will have found their monthly mortgage payment…
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The UK government may be celebrating favourable tariffs with the USA and new trade deals with countries outside the EU, but the vast majority of UK small businesses are now focused on the domestic British market to secure growth over the next 12-months, according to new research from Novuna Business Finance. The nationally representative survey…
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The UK economy is expected to grow by 1.3% in 2025, revised up from the previous forecast of 1.1% according to the British Chambers of Commerce (BCC). The BCC says that the upgrade reflects better-than-expected economic performance in Q1, supported by public spending. However, GDP is expected to slow slightly in 2026 to 1.2%, before…
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Unity Trust Bank has announced the appointment of Martin Barrett as its Chief Operating Officer (COO). Barrett previously worked at Lloyds Banking Group for 24 years, and brings a wealth of experience in commercial banking, payments, financial crime, and operational and change management. During this time, he held a variety of senior roles within the…
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Bluestone Credit Management has announced that it has promoted Gareth Willey-Ransford to the new role of New Business Executive. Head of Business Development, Simon Frost said “We continue to find that the hands-on expertise within Bluestone is highly valued by clients and prospective clients alike. Our understanding of the credit journey and empathy with clients’…
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Azets has announced that it has acquired Ensors with the deal bringing together the two accounting and business advisory firms. Established more than 130 years ago, Ensors has grown into a regional leader with over 300 colleagues across six offices in Bury St Edmunds, Cambridge, Huntingdon, Ipswich, Norwich and Saxmundham. The firm provides a full…
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Purbeck Insurance Services has reported a significant rise in the number and value of personal guarantee backed loans secured by young businesses. In Q2 2025, 16% of small business loans supported through Purbeck’s Personal Guarantee Insurance (PGI) were for businesses under two years old. This marks a sharp increase from 9% in Q1 2025 and just 6% in Q2 2024,…
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