Credit, Collections & Insolvency News
Latest statistics from the Insolvency Service have shown that Northern Irish personal and business insolvencies decreased in December in the latest monthly figures. In December 2021 there were 81 individual insolvencies in Northern Ireland, 48% lower than in December 2020, and 42% lower than December 2019. This consisted of 63 IVAs, 11 DROs and seven…
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Andy Smithson has been appointed to the new role of Head of Internal Control, Compliance and Legal at Startline Motor Finance. He will be responsible for ensuring a robust and effective control environment with strong ongoing legal, regulatory and operational compliance, as well as managing the interlock with the company’s legal panel and leading the…
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Average UK rents increased for the fifth consecutive quarter during Q4 2021 as pressure on the supply of rental properties during the pandemic continues, according to analysis by The Deposit Protection Service (The DPS) The research found that average rents reached £834 during the final three months of 2021, an increase of £16 (1.96%) on…
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The official shortlist of nominees at the Chartered Institute of Credit Management’s British Credit Awards has been revealed. The CICM’s says that the 2022 awards have received a record-breaking number of entries, meaning the judges task of shortlisting entries was made that little bit more challenging. The shortlist includes 104 entrants and potential winners from…
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Together Energy has become the first supplier of 2022 to cease trading following weeks of speculation about the company’s future. The energy company, which was founded in 2016, included subsidiary and former council-owned supplier Bristol Energy. It served 176,000 domestic customers and one non-domestic customer Under Ofgem’s safety net, customers’ energy supply will continue and…
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Arum has been named as a supplier on Crown Commercial Service’s (CCS) Debt Resolution Services (DRS) framework to provide to provide Fraud, Error and Debt (FED) Advisory services to Central Government and the wider public sector. CCS supports the public sector to achieve maximum commercial value when procuring common goods and services. In 2020/21, CCS…
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The amount of Christmas shopping put on buy-now, pay-later (BNPL) rose by £1billion in 2021 according to new analysis by Credit Karma. The research found that as Banks and retailers continue to jump on the increasing popularity of the BNPL payment method, with its high approval rates, 52% of consumers view BNPL as ‘easy credit.’…
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Intelligent decisioning technology provider LendingMetrics has announced a number of new appointments and several promotions within its fast-growing workforce. Donna Airey has been appointed as the company’s Head of Finance, bringing a wealth of experience in finance management to the department. Chelsea Clark is the company’s new Talent Acquisition Specialist and will be leading the…
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Single adults on low incomes could spend more than half their income on bills if the energy price cap rises in April, according to a report by the Joseph Rowntree Foundation (JRF). The analysis found that households on low incomes will be spending on average 18% of their income after housing costs on energy bills…
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The Payment Systems Regulator (PSR) has announced that it has imposed fines against Mastercard, allpay, Advanced Payment Solutions (APS), Prepaid Financial Services (PFS) and Sulion after concluding that the five parties infringed competition law by agreeing not to compete or poach each other’s customers in the prepaid cards market in the UK. The pre-paid cards…
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Marston Holdings has announced its acquisition of Vortex IoT, a supplier of environmental sensors, networks and data solutions that support improved air quality and decarbonisation initiatives. Marston supports government, utilities and private sector clients through the delivery of market leading integrated technology-enabled solutions from design through to implementation, management and recovery. Marston’s clients include local…
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Manolete Partners has announced that Alexandra Withers has moved into an Associate Director position within the company. Withers studied law at Northumbria University and has worked in practice in Newcastle for the last decade, predominantly acting for insolvency practitioners in claims against former company directors and others, but also working on behalf of directors defending…
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The number of County Court Judgments (CCJs) issued against consumers in England and Wales in 2021 rose by more than one third compared to 2020, according to figures released by Registry Trust. CCJs are issued to consumers in England & Wales who have not repaid a monetary debt and the creditor has taken court action.…
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