Credit, Collections & Insolvency News
The Financial Conduct Authority (FCA) has announced a number new appointments. Laura Dawes will take up one of two new Director of Authorisations roles. Dawes is currently interim Director of Strategy, Policy, International and Intelligence in the FCA’s Enforcement and Market Oversight Division. Working alongside Dawes as fellow Director of Authorisations will be Dominic Cashman.…
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An independent financial adviser who had debt over £300,000 has been issued with a nine-year bankruptcy order after failing to provide services to customers Marc Jones, from Cardiff, was self-employed as an independent financial advisor from January 2012 until October 2018. From 2018 to 2019 he worked on behalf of a financial institution selling various…
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Jaja Finance has announced that it has closed the strategic transaction announced in November 2021, resulting in a consortium led by KKR and TDR Capital LLP becoming the majority shareholders of Jaja. Jaja says that the initial investment of up to £120 million marks the beginning of a long-term strategic partnership with its majority shareholders…
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Interpath Advisory has announced the arrival of experienced restructuring advisor and insolvency practitioner Ryan Grant as Managing Director. Grant s arrival comes as the firm also announces the appointment of five new directors and a total of 51 further promotions across the business, as it continues to invest in its growing suite of advisory services.…
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New research has found that 81% of borrowers are unaware that Buy Now, Pay Later’ (BNPL) schemes are unregulated, placing them at major risk of falling into debt. The research by Creditspring found that more than half of UK adults (53%) don’t know that BNPL schemes can lead to debt if scheduled payments are missed…
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In March the following administration notices have been issued and advertised in the London Gazette for the following companies: 157 US LTD 2 FR LTD 20 – 24 (FB) LTD 28 FL LTD 28FSM LTD ACM ACOUSTIC ENGINEERING LTD ADAPTIVE MODULES LTD ANGLO CHINESE PROPERTY CORPORATION LTD ANIL ESTATES LTD ARIA DEVELOPMENTS LTD ARNAOUTI PITTA…
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Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in March: 108 (DARLINGTON) LTD 1701 ENTERPRISE LTD 1776 GROUP LTD 1821 HOLDINGS LTD 1ST CHOICE ROLLER SHUTTER SERVICES LTD 2 DEGREE C LTD 2 PHYSIQUE’D LTD 2017 EASY EATING LTD 2TEMPTU TRAVEL LTD 3D DIGITAL…
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In March Winding Up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: 05638092 LTD 4PROPERTYUK LTD A & L GENERAL BUILDING LTD A1 RESTORATIONS LTD ACS MAX LTD AIRLINE MAINTENANCE TRAINING LTD ALBION FABRICATIONS LTD ALLIANCE BRICKWORK LTD AMANAH BB CENTRE LTD ANCHOR HOUSE CONSTRUCTION LTD ARCADIA ALIVE…
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PwC’s Consumer Sentiment Index for March 2022 has seen a considerable drop off in sentiment reflecting the cost of living crisis. The Index found that consumer sentiment is currently tracking at -20, after peaking at +10 in June 2021. A 30 point decline in nine months is the biggest sustained fall in the survey since…
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New research by GoCompare has revealed that the UK’s young people may be the generation are most likely to need to work more and take on additional jobs, in order to cover rising bills and the cost of living. The survey of 2,149 people in the UK found that more than 1 in 5 people…
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Hodge Bank has revealed that, between 2019 and 2021, there was a 30% increase in the number of mortgage customers (aged over 50) who spent their loan funds giving financial family gifts. Customers using the mortgage for debt consolidation has also increased by 15% during the same period. In fact, between 2020 and 2021, 27%…
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Covid-19 restrictions hit people hard but cuts in spending but have enabled many planning to buy their first home to save more and realise their dream of climbing onto the property ladder sooner according to new research from the Nottingham Building Society (The Nottingham). The study found that, of those surveyed, one in five (19%)…
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Over half of private tenants relying on Universal Credit to pay their rent have a shortfall between the amount they receive and what they pay for their housing. It comes a year after the Government froze housing benefit rates. Official data suggests that 56 per cent of private renters relying on Universal Credit have an…
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