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: 00510285 REALISATIONS LTD (FORMERLY GISSING & LONSDALE LTD) 07836 LTD 1 STOP SCHOOL SHOP LTD 10 XL (EUROPE) LTD 100 MODE CONSULTING LTD 100ANDEIGHT LTD 119 TSG LTD 17MEDIA LTD 1CA LTD 2 CLICKS…
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In August Winding Up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: 122 LR LTD 1ST MAINTENANCE LTD 3 G TRADE AND SERVICES LTD A.B.G. ELECTRICAL & MECHANICAL SERVICES LTD. ABACUS FINANCIALS LTD ABC ENGINEERING LTD ABP (LONDON) INVESTMENT LTD ABSTRACT LONDON LTD ACCIDENT & INJURY HELPLINE LTD…
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Lowell Group has announced that it has appointed Clodagh Gunnigle as Non-Executive Director (NED) to the company’s UK board. As part of her role at Lowell, Gunnigle will become Chair of the UK Audit and Risk Committee. Gunnigle brings with her a wealth of experience and knowledge in global financial services and consumer credit, having…
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Over 12 million households (42%) across the UK face fuel poverty this winter, according to a forecast by the End Fuel Poverty Coalition. The estimates take into account support announced by the Government so far and are historically reflective of the definitions of fuel poverty used in official statistics. From the price cap rise on 1st…
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Phillips & Cohen Associates (PCA) has announced that it has appointed Janneen Jackson to lead the latest of PCA’s technology launches, The Debt Settlement Registry (powered by SettleNOW). PCA’s proprietary platform, The Debt Settlement Registry (DSR) provides creditors and debt settlement agencies (DSA’s) access to streamlined and strategic oversight of consistently growing debt settlement portfolios.…
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Britain’s manufacturers are calling on the Government to bring forward a package of policy measures on the scale of those seen during the worst points of the pandemic to prevent a permanent scarring of the economy and help avert a severe recession, potentially substantial insolvencies and job losses. The call comes on the back of…
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The Money and Pensions Service (MaPS) has announced a call for evidence on debt advice clients with deficit budgets. MaPS says that the purpose of this call for evidence is to understand what help can, or could, be offered where a client presents with a deficit budget, as well as what MaPS can do to enable…
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New Government figures have shown that around 90% of eligible households have received the government’s £150 council tax rebate to help with the cost of living. Figures published today show 16.6 million households in England, 86% of those eligible, were handed payments by the end of July – meaning the actual number of those who have…
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Water regulator Ofwat has proposed to replace the current regional retail price caps for small, disengaged business customers with a single national cap across the whole of England. The water regulator has opened a six-week consultation on proposed changes to the retail price caps that apply to smaller business customers (consuming less than 0.5Ml per…
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The Institute of Directors (IoD) is calling on the Government urgently to adjust its tax policies to take account of the extraordinary energy cost pressures businesses currently face. The IoD says this should include using tax incentives to support the business transition to a low carbon economy, with less dependency on expensive fossil fuels. Specifically,…
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The British Chambers of Commerce (BCC) says that it expects the UK economy to plunge into recession before the end of 2022, with inflation spiking to 14% and lingering weakness in growth expected to continue into 2024. In the short term, the BCC is now forecasting a recession for the UK economy with three consecutive…
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Seven in ten (70%) young drivers between the ages of 17-24 say they have relied on financial support from their parents towards their motoring costs in the past 12 months – receiving an average of £781 – according to new research from Comparethemarket. The research highlights just how dependent young drivers are on their parents…
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Real household disposable incomes are on course to fall by 10 per cent over this year and next – the deepest living standards squeeze in a century, while the number of people living in absolute poverty is set to rise by three million. The report incorporates the Bank of England’s latest economic forecasts, as well…
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