Credit, Collections & Insolvency News
Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in September: 10 FLORA LDN LTD 100 PER SCENT LTD 100 WASP LDN LTD 110 HERO HELIPAD LDN LTD 11ING LTD 189 SCHOOLHOUSE LDN LTD 26RR FITNESS LTD 2PLUS2 CREATIVE LTD 3H ROOSTER LTD 3HREE 65…
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One in five (20%) key workers say that they have had to reduce their spending during the Covid-19 outbreak, according to a new TUC poll. The polling, carried out for the TUC by BritainThinks, revealed a fifth of key workers said they cut back their spending at the end of the week or month because…
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A third of small businesses are worried they will not be able to repay Covid loans, according to a poll by EY. The research found that 81% of UK SMEs said they were detrimentally impacted by the COVID-19 pandemic with 61% stating that their supply chain was compromised. Over half of companies (58%) reported a decline…
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Professional services firm Alvarez & Marsal (A&M) has announced that it has expanded its regional restructuring practice in Manchester with the appointment of a Managing Director. Michael Magnay joins the company’s Manchester team, which has grown rapidly since establishing an office in the city in 2018. It now comprises 19 people, two of whom are…
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Software solution specialist company, Aryza has announced that it is to open offices in Australia. The announcement comes off the back of the acquisition of Australian-based Insol 6, with teams now working in Perth and Sydney. Following a number of significant acquisitions in the first half of 2021, the Aryza suite of products incorporates technology…
Read moreThe Online Lending Technology Think Tank has confirmed its agenda and speaker line-up ahead of the second event next Tuesday (12th October). The Online Lending Technology Think Tank is an online event platform so that lending and creditor professionals can specifically discuss the role of the technology as we potentially emerge from the pandemic, adjusting…
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Ofgem has appointed E.ON Next to take on supplying Enstroga, Igloo Energy and Symbio Energy’s combined total of approximately 233,000 domestic customers. This follows a competitive process run by Ofgem to get the best deal possible for customers. Funds that current and former domestic customers of Enstroga, Igloo Energy and Symbio Energy have paid into their accounts will be protected, where they are in…
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A new ‘fintech’ app, called Sprive, has launched which claims that it can make it easier for people to become mortgage-free faster, saving thousands of pounds in the process. Sprive is the first independent mortgage overpayment app in the UK and is free of charge, making it easier than ever before for the millions of…
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More than fifty charities and not-for-profit organisations have written to the Chancellor of the Exchequer, Rt Hon Rishi Sunak MP, calling on him to use his autumn Spending Review to pump the extra resources into social care. The charities say that the vast bulk of the money from the Government’s National Insurance rise will be…
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The Chair of the Open Banking Implementation Entity (OBIE), the body set up to deliver open banking in the UK, has resigned as an investigation found that the agency allowed’“a culture of bullying and intimidation to prevail.” The Competition and Markets Authority (CMA) says Imran Gulamhuseinwala tendered his resignation as trustee and chair as part…
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The Bank of Gran and Grandad gifted £437.3 million towards buying homes for younger relatives over the last 15 months, during the stamp duty holiday, according to equity specialist company Key. The relief from the tax ended on 30th September but during that time over-55s have given almost £1 million a day to younger family…
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Optimum Finance has announced that it has recruited the former Interim Small Business Commissioner (SBC) as a Non-Executive Director. Philip King, who was also the former Chief Executive of the Chartered Institute of Credit Management (CICM), is joining Optimum. King has worked in the credit industry for more than 40 years and is an acknowledged…
Read moreBanking and specialised financing software specialist company, Sopra Banking Software has announced that it has acquired Dublin-based Luminosity. Sopra Banking Software has acquired 100% of the share capital of Luminosity’s digital inventory auditing and ‘self-audit’ solution SOAR supports a broad range of lender and leasing organisations in the risk management of assets subject to finance. …
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