Credit, Collections & Insolvency News
New figures released by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes grew in September 2025 by 5% compared with the same month in 2024. The corresponding value of new business was 9% higher over the same period. In the nine months to September 2025, new business volumes grew…
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In October, the following administration notices were issued and advertised in the London Gazette for the following companies: 10 MARKET PLACE LIMITED ACRE INVEST (LUTON) LIMITED ACTION 365 LTD AGILITAS IT SOLUTIONS LIMITED AH DEVELOPMENT HEALTHCARE LIMITED ALLEN GLENOLD LIMITED ALTITUDE ANGEL LTD AMBIENT SUPPORT LIMITED APEXBROOK LIMITED AXMINSTER TOOL CENTRE LTD B I HALDER…
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In October, Winding Up Petitions (Companies) were issued and advertised in the London Gazette for the following companies: 07752078 LIMITED 3 CHEFS DERBY LIMITED 4 ATL 404 LTD 786 TWENTY 4/7 SERVICES LTD A & S CONSTRUCTION & LABOUR LIMITED A J BROWNE PRIVATE OFFICE LIMITED A J WHEELER LIMITED A M SKIP HIRE LIMITED…
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Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in October: 10463817 LIMITED 123 ELECTRICIANS LIMITED 1N DEVELOPMENTS LTD 1NH LTD 1ST CHOICE PLANT AND TOOL HIRE LIMITED 1ST CHOICE PROPERTY MAINTENANCE LIMITED 1ST STOP BATHROOM LTD 2 KARDES FAST FOOD LIMITED 2 SMART PAINT…
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New research from Capital Economics, commissioned by SME lender iwoca, has found that SMEs receiving a loan can increase their monthly revenues by an average of 19%. The analysis is based on data from current accounts of thousands of iwoca customers, finds that taking a loan is associated with an increase in revenues of nearly a fifth (19%) within…
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A cross-party committee of MPs has launched an enquiry into the pre-pension income gap ahead of the impending State Pension age increase to 67. The enquiry found that 60-64 year-olds are the joint poorest age group among working-age adults aged 25 and over, as some people leave work early to care for partners or on…
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More than one in eight people (13%) believe they would personally need more than £100,000 each year for a good standard of living in retirement, according to new research from Royal London. The figure is significantly higher than the £43,900 industry body Pensions UK’s Retirement Living Standards estimates that a comfortable standard of living will…
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PKF Smith Cooper has announced that it has appointed Lucinda Matkin as its new Business Recovery and Restructuring Director. Matkin joins the firm with over 25 years of experience in the industry, including time at a Big Four firm, and is the founder and owner of Midlands-based LM Insolvency. Since establishing in 2012, Lucinda has…
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Specialist lender, Afin Bank has appointed Rob Lankey as Director of Credit. Lankey has been in the industry for over 35 years, including executive roles at Norwich and Peterborough Building Society, Shawbrook Bank and GB Bank. He was also a founder and start-up team member of Aldermore and has served as Chief Executive Officer of…
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New Financial Conduct Authority (FCA) research has warned that people should review and avoid using certain credit builder products. The review looked into credit builder products and the harm that they can cause to consumers, particularly if they are struggling with debt. Credit builder products claim to help people build a record of making payments,…
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Retail footfall has declined for the sixth consecutive month, according to the British Retail Consortium (BRC). Total activity fell by 0.7% in October, led by drops in shopping centre and retail park footfall. Helen Dickinson, Chief Executive of the British Retail Consortium, said “While overall footfall fell for the sixth consecutive month, there was some…
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Almost half of parents (46%) say they’ll prioritise their children’s Christmas experience over every other area of household spending this year, according to new research from Thinkmoney. After another year of rising prices and stretched budgets, many families are determined to keep the festive magic alive, even if that means cutting back elsewhere. Nearly a…
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Hodge Bank has announced that it has appointed Scott Hill as its new Chief Technology Officer (CTO). Bringing with him a wealth of experience from some of the world’s leading technology and financial services organisations, Hill will lead Hodge’s technology strategy and digital transformation as the bank continues to invest in innovation and customer experience.…
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