Credit, Collections & Insolvency News
New data has revealed that the majority of credit card users are planning to use Buy Now, Pay Later (BNPL) services this year. The survey, by Splitit, investigated credit card holders’ attitudes towards spending, specifically around BNPL. The data shows that over half of respondents (54%) are planning on using BNPL services in 2022, with…
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Prices for restaurant meals and hotel stays are set to rise, with UK Hospitality saying firms are being forced to pass on surging costs. A survey by the industry body suggests prices across the sector are set to increase 11% on average this year as firms see steep increases in the cost of energy, labour,…
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In January the following administration notices have been issued and advertised in the London Gazette for the following companies: 10X PSYCHOLOGY LTD A/P RECOVERY UK LTD ACCUMULATE CAPITAL LTD ACCUMULATE COMMERCIAL LTD ACCUMULATE LONDON SW LTD ACCUMULATE RESIDENCES LTD ALL FLINTSHIRE CREDIT UNION LTD BEAUMONT MORGAN DEVELOPMENTS LTD BIG HOME SHOP LTD BIOSURE (UK) LTD…
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In January Winding Up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: 09546590 LTD A.C.O.R.D (AGENCY FOR CO-OPERATION AND RESEARCH IN DEVELOPMENT) A3 MEDICAL LTD ADVANCED THERMAL SOLUTIONS LTD ALEXANDER JAMES COX LTD ALL FIVE HOLDINGS LTD ALPHA CONSTRUCTION MANAGEMENT LTD ANDY BOLTON GROUP LTD ARMITECH LTD ASCESIS…
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Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in January: 11:11 ESTATES LTD 3PHASE GAS, WATER, OIL LTD 4 DESIGN & BUILD LTD 45 WEST BAR LTD 53 BO’ GROVE LTD 8080 SOLUTIONS LTD A & M ULTIMATE FASHION LTD A C C AIR…
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The Bank of England (BoE) has increased interest rates to 0.5% from 0.25% as it looks to restrain a surge in the cost of living. With inflation soaring, the Bank opted to increase rates at successive policy meetings for the first time since 2004. Forecasts suggest inflation, as measured by the consumer prices index, is…
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Households will face a record energy bill increase of 54% from April after regulator after Ofgem lifted the cap on default tariffs to £1,971. With energy market prices increasing fourfold over the last year, Ofgem upped the maximum rate that suppliers can charge for an average dual-fuel energy tariff by £693. Once the increase comes…
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Research by KIS Finance has revealed that as a direct result of the rising cost of living, 57% of people are either already struggling financially, or expect to do so in the very near future. With inflation jumping to 5.4%, its highest level in almost 30 years, increasing numbers are finding it challenging to make…
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PKF GM has announced the appointment of Stratford Hamilton as a Director in the London team specialising in contentious insolvency. Hamilton is a licensed Insolvency Practitioner a member of the Association of Business Recovery Professionals (R3) and the Fraud Advisory Panel He has spent over two decades undertaking personal and corporate insolvency appointments mainly associated…
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Small business owners are feeling confident about taking on larger amounts of finance to support their growth ambitions in 2022, according to iwoca’s quarterly SME Expert Index. The index reveals that close to half (43%) of brokers saw financing for growth as the most common purpose for a loan among SMEs. This is the second…
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The Open Banking Implementation Entity (OBIE) has announced the appointment of Henk Van Hulle as the organisation’s first Chief Executive Officer. The creation of this new position was recognised in the CMA’s recently published updated governance arrangements for the OBIE, as part of a package of changes that deliver a strong and effective governance and…
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Rents rose to hit a three month high in January, as the lack of stock and high tenant demand continue to fuel demand for properties across England according to new research by Goodlord. The average cost of rent across England rose during January, with averages hitting £993 per property. This is up from an average…
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MotoNovo has announced changes to its Senior Leadership team led by Managing Director Karl Werner. The changes will see Debbie McKay, promoted to the new role as Commercial Director of Motor Sales, Chris Rowthorn, promoted to a new role as Director of Motor Sales Operations. The leadership team will also include Donna Slater, Head of…
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