Credit, Collections & Insolvency News
Rising costs are reshaping Christmas traditions, with a quarter of people (24%) now believing you should be able to charge guests for Christmas dinner, an emerging trend dubbed the Pay Per Plate Christmas. Among 18 to 24 year olds, 42% say hosts should be allowed to charge, compared to 36% of 25 to 44 year…
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The former manager of a Nottingham city centre chicken shop was jailed after securing £50,000 in Covid support, despite having sold the business the previous year. Mujeebullah Khan applied for the maximum-value Bounce Back Loan on behalf of Chunky Chicken in May 2020. However, Khan and his business partner had sold the business based on Shakespeare…
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The Financial Conduct Authority (FCA) is enhancing its efforts to improve standards in the home and travel insurance markets following a super-complaint from Which? The FCA plans to review claims handling and customer service over the next year. It aims to boost consumer understanding of insurance products and ensure firms provide accurate information at the…
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Credit Connect has published its annual Credit & Collections Technology Awards review. The awards review highlights the unique transparency of the Credit & Collections Technology Awards, with data graphs showcasing the results, accompanied by judges’ comments. The award’s rigorous and transparent process enables each company that enters the awards an opportunity to receive a bespoke…
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Chetwood Bank has appointed George Gee as Managing Director of its mortgages division and member of its executive committee. Gee, who has worked in the sector for more than 20 years, joins the bank from Foundation Home Loans where he fulfilled a number of senior leadership roles including Chief Commercial Officer, Commercial Director, and Customer…
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Around one in three consumers (30%) in the UK are planning to spend more this Christmas compared with last year, according to new Deloitte research. This is higher than the rest of Europe, where less than a quarter (23%) plan to spend more. In the UK, younger consumers aged 18-34 are nearly twice as likely…
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Latest data from the Office of National Statistics(ONS) has shown that inflation fell by more than expected in November amid a slowdown in food prices. Annualised inflation came in at 3.2% in November, down from the 3.6% reported in October Commenting on the inflation figures for November, ONS Chief Economist Grant Fitzner said “Inflation fell notably in November…
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More than 3,000 smaller pubs will pay business rates for the first time after losing exemptions, despite Budget promises of hospitality support with some pub landlords face bills exceeding £10,000 Following an emergency summit of pub chiefs, the British Beer & Pub Association (BBPA) has issued an urgent call for Government to introduce a 30%…
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A new report from Standard Life has identified a marked rise in financial insecurity among people in their early 60s as the State Pension age has increased over the past 15 years. The report’s analysis highlights that there are 250,000 more people aged 60-64 in relative income poverty than in 2010 when the State Pension…
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Digital bank Monzo has announced that it will acquire digital mortgage broker Habito. Founded in 2016 Habito employs approximately 100 people. The deal comes as Monzo looks to branch out beyond its core digital banking products, becoming the first UK bank to offer end-to-end mortgage broking within its app. Kunal Malani, Chief Banking Officer at…
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Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in November: 108 BUILDERS LIMITED 195MPH LIMITED 2020 CREATIV LTD 2020 PROPERTY DEVELOPMENTS LIMITED 24 FIRE AND SECURITY LTD 24/7 FITNESS BIRMINGHAM LIMITED 2828CS LTD 2YORKSHIRECHEFS LTD 3 PIN ELECTRICAL LIMITED 361 WE LIMITED 365WINDOWS LTD…
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In November, Winding Up Petitions (Companies) were issued and advertised in the London Gazette for the following companies: 020202 LIMITED 196 WILLESDEN LANE LIMITED 69 WPR LIMITED A HIGGINS LTD A K W ENGINEERING LIMITED A SPACE CALLED HOME LTD AAA HAULAGE LTD AAGRAH CHAPEL ALLERTON LLP ABACUS ESTATES (KENSAL RISE) LIMITED ABBOTT LEGAL LIMITED…
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In November, the following administration notices were issued and advertised in the London Gazette for the following companies: 16 BISHOP LTD A.M. SEAFOODS LIMITED AB DEVELOPMENTS AND CONSTRUCTION LTD AIR KILROE LIMITED ANGLIA CROWN LIMITED ANOTECH ENERGY GLOBAL SOLUTIONS LIMITED ARTS ALLIANCE MEDIA LIMITED ASSEMBLY STUDIOS LIMITED B&M FISHING LLP BELL EDUCATIONAL SERVICES LTD BELL…
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