Credit, Collections & Insolvency News
Entrepreneur and small business champion Martin McTague has been appointed National Chair of the Federation of Small Businesses (FSB). McTague takes over from outgoing National Chair, Mike Cherry, who has held the office for six years. Tina McKenzie, one of the best-known business figures in Northern Ireland, has been appointed FSB Chair, Policy and Advocacy.…
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Amigo Loans has been given a seal of approval from the Financial Conduct Authority (FCA) for a customer compensation claims scheme, Shares in Amigo tumbled by 55% last May after the High Court stated that it was ‘not satisfied that the court should sanction the scheme’pushing back against Amigo’s original proposal to cap customer compensation claims.…
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Company Directors of a sign company are to face a ban after they failed to pay a £70,00 tax bill but also failed to maintain and preserve adequate accounting records for the company. Husband and wife, Robert Headspeath and Mandy Headspeath both of Galashiels, Scotland, have been disqualified as directors for six years each. The…
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The End Fuel Poverty Coalition (EFPC) has issued a warning that the energy crisis could leave 8.5 million households unable to heat and power their homes. The group, which represents almost 50 organisations, claims that cold homes cost lives and that more frail and older people could die next winter without further action from the…
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Three in five (58 per cent) small or medium enterprises (SMEs) across the UK are currently waiting on late payments from customers, according to research from Barclays surveying 500 small business owners. For medium sized enterprises with 50 to 249 staff, those waiting on late payments rises to more than nine in ten (94 per…
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Five high profile companies Diageo Scotland, Diageo Global Supply IBC, Diageo Northern Ireland, Diageo Great Britain and Unilever UK have been formally removed from the Prompt Payment Code (PPC) after failing to honour their commitments. The voluntary code requires companies to pay 95% of invoices within 30 days to their small suppliers and pay 95%…
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The Covid pandemic has had a very distinct impact on the progress of people seeking debt advice, according to research by StepChange. The debt charity measured the impact of debt advice on clients – primarily on progress on resolving debt, but also wider measures such as wellbeing – through surveys undertaken at three months, nine…
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In February the following administration notices have been issued and advertised in the London Gazette for the following companies: 1 CHIL (F1) LTD 146 TR LTD 152A LR LTD 152S LR LTD 154A LR LTD 154B LR LTD 154S LR LTD 16 CTR LTD 17 CTR LTD 20 – 24 LR (CH) LTD 20-24 LR…
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Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in February: 0 DAYS OFF LTD 100 HANDS LTD 10729736 LTD 11 ENTERTAINMENT LTD 123 TRAVEL LTD FORMERLY KNOWN AS HOLIDAY WITH US (SPALDING) LTD 1ST BUSINESS ENERGY LTD 21ST CENTURY SIGNS AND DESIGNS LTD 365…
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In February Winding Up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: 15:17 LTD 4PROPERTYUK LTD ACE RETAIL LTD AERPART HOLDINGS LTD AFC GLOBAL LTD AKT ASSET HOLDING LTD ALEXANDRA ASSOCIATES (U.K.) LTD AMTC LTD ANCHOR PROPERTY DEVELOPMENTS LTD ARABELLA BESPOKE INTERIORS LTD ARTIC COOL LTD ASHER HOLDINGS…
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The largest student loan reform since 2012 will reduce the cost of loans for high-earning borrowers but increase it for lower earners with graduates face paying extra £28,000 towards their loan over their lifetime according to new analysis by the Institute of Fiscal Studies (IFS) Starting with the 2023 university entry cohort, graduates will pay…
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Catherine Brown, the former Chief Executive of the Food Standards Agency and current Chair of environmental charity Hubbub, has been announced as the first Chair of the Enforcement Conduct Board. The Board is a new independent oversight body for the civil enforcement sector and will act to drive up standards, improve the effectiveness of enforcement…
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Subprime lender, Morses Club, says its Home Collected Credit (HCC) division traded well in the 52-weeks to 26 February 2022, despite an increase in complaints submitted by claims management companies. In its latest trading update, the business said its pre-tax profits will be up to 30% lower than expected. The company stated that its Home…
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