Credit, Collections & Insolvency News
Households have suffered the sharpest fall in the amount of cash they have available to spend for almost eight years, amid a worsening cost of living crisis driven by high inflation and rising energy bills. Research by Scottish Widows’ Household Finance Index found that surging living costs hit people’s pockets and led to the steepest…
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A Deloitte survey of CFOs found persistent labour shortages, the pandemic, climate change and higher inflation were seen as the leading risks to their businesses in the year ahead. However, some 37% said that increasing capital expenditure was a priority for 2022. This is the highest figure recorded by Deloitte since it first asked the…
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Losses at the country’s largest restaurant groups rose by 174% to £673m in the year to September, according to analysis by UHY Hacker Young. The lockdown and social distancing rules meant that the restaurant sector was one of the hardest hit by the pandemic. Lost sales cost the hospitality sector around £200 million a day…
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Consumer card spending increased 12.2 per cent in December compared to the same period in 2019, as Brits finished their final preparations for Christmas. However, the impact of restrictions and fears over the Omicron variant began to take effect across the retail, hospitality and leisure sectors. Data from Barclaycard, which sees nearly half of the…
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New research by Lowell has highlighted a huge age discrepancy in credit score attitudes. The research found that almost one-third (32%) of the 16–24-year-olds who know how to check their credit score, check it multiple times a month. According to the data, those aged 55 and over (15%) are most likely to check their credit…
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LiveMore Capital, the specialist lender simplifying later-life mortgages, has hired Andrew McGill as Sales Operations Manager. McGill brings over 20 years of experience within financial services, with previous roles spanning mortgage advisory and senior customer service positions at Barclays, Alliance & Leicester and Principality Building Society. He will be instrumental in developing the customer journey…
Read moreIn December the following administration notices have been issued and advertised in the London Gazette for the following companies: 19 RM LTD 316 ENGINEERING LTD. ACCUMULATE COMMERCIAL LTD ACICS LTD AIGENPULSE LTD ALPHA HOMES (LEICESTER) LTD AMTECH DEVELOPMENTS (UK) LTD ARTISAN INVESTMENT GROUP LTD BANANA KICK LTD BATES OF LONDON LTD BDL TOOL & DIE…
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Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in December: 07696043 LTD 10 COMPUTERS LTD 110 CHESTERGATE HAIR LTD 112 (SPEKE) LTD 2020 DESIGN & BUILD LTD 2105 CATERING LTD 23LSI LTD 30 PERCY STREET LTD 365 HOSPITALITY CATERING LTD 3RD DIMENSION HOUSING LTD…
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In December Winding Up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: 09192621 LTD 111 WOODBRIDGE LTD 4 LESS GROUP UK LTD 4U FASHIONS LTD A1 PLASTICS (WXM) LTD ABACI LTD ABP RAD ESCO LTD ACCUEIL NEW HOMES LTD ADCOMAT STORAGE LTD AHR HALAL POULTRY (UK) LTD AKDENIZ…
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Business advisory firm Quantuma has announced that it has appointed Tim Sloggett as its new Managing Director to further strengthen its offering in the South West and Wales region. Sloggett brings with him more than 20 years’ experience of helping businesses that are underperforming or facing a crisis, across a range of sectors and from…
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Open Banking technology specialist, Ecospend has announced that it is partnering with European Banking-as-a-Service (BaaS) provider, Contis. Contis offers a range of BaaS products to its customers across a variety of sectors, including cloud-based, real-time accounts and payments solutions. By integrating Ecospend’s ‘pay-by-bank’ technology, Contis’ customers will have the option to make account-to-account payments, as…
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Business optimism and output growth across the UK fell in December, reflecting a cooling in economic activity as firms grapple with the effects of the Omicron COVID-19 variant, according to the latest Business Trends report from accountancy and business advisory firm BDO, The BDO Optimism Index slipped by 0.46 points to 103.81, driven largely by the…
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The average price of a property in the UK increased by more than £24,500 last year to hit a new record high of £276,091, according to the Halifax. The 9.8% rise during 2021 was the fastest increase for any calendar year since a 12.5% rise in 2004. The mortgage lender said buyers sought more space…
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