Credit, Collections & Insolvency News
In August the following administration notices have been issued and advertised in the London Gazette for the following companies: 00510285 REALISATIONS LTD (FORMERLY GISSING & LONSDALE LTD) A.M. FABRICATION (NORTHERN) LTD ABG COURIERS LTD ALL FOUNDATIONS (UK) LTD ALL-COUNTIES SUPPLIES LTD ARTHUR M.GRIFFITHS & SON LTD ASA CRUSHING & SCREENING LTD BERWICK STREET SECURITIES LLP…
Read more
Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in August: 10 FLORA LDN LTD 100 CLIFTON PLC 100 WASP LDN LTD 110 HERO HELIPAD LDN LTD 189 SCHOOLHOUSE LDN LTD 1ST ELECTRICAL & FIRE LTD 3HREE 65 SERVICES LTD 8FX LTD A & C…
Read more
In August, Winding Up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: APPLIANCE GROUP LTD ASSOCIATED STONE GROUP LTD BARDA QUCH LTD BDC AGGREGATES LTD BELIZE LTD BENCHMARK DEMOLITION LTD BILLION LENNY EVENTS LTD BLACK DIAMOND BARS LTD BLUE GERANIUM FLORIST LTD D&B KW DEVELOPMENTS LTD EMC ENGINEERING…
Read more
House purchase lending volumes in June reached the highest monthly level on record, with Q2 2021 house purchase the highest quarterly figures in 13 years according to UK Finance’s latest Household Finance Review. The Q2 Review also highlights that credit card spending and personal loan take-up have increased as the hospitality and entertainment industries reopened…
Read more
Debt advice provider, PayPlan, says that it welcomes new Government guidance which asks local authorities to improve the way they collect council tax arrears and have more consideration for residents with vulnerabilities. But the organisation also believes there should be further reform. Alistair Chisholm, Head of Advice, Sector Policy and Partnerships at PayPlan, said “We’re…
Read more
Global information and insights company TransUnion has appointed Shashant Agrawal to its UK executive team as director of strategy and planning, to identify and develop new strategies to grow its UK business. As part of TransUnion’s glbal strategy and planning function, Agrawal will collaborate with local and global leadership teams to lead the business planning…
Read more
Over two thirds (66 per cent) of small and medium sized enterprises (SMEs) have said they felt let down by their banking provider during the Coronavirus pandemic, according to a new survey. The data, collated by researchers from the Parliament Street Think Tank, indicates that the disconnect between businesses across Europe and financial services organisations…
Read more
Small business lender, iwoca has launched a cash advance product on Funding Xchange for small business online sellers. iwoca will be the first lender in the use Open Banking to offer fully automated revenue-based repayments to e-commerce businesses with a business bank account on the marketplace. Small business owners operating on platforms such as eBay…
Read more
More than a third of motorists don’t have sufficient savings to cover a major car repair bill or a warranty in place to offer protection, according to new research for the RAC Dealer Network. When asked how they would meet the cost of an unexpected £1,000-plus repair, 43% say they could pay for it comfortably…
Read more
One in ten Buy Now Pay Later (BNPL) are falling into arrears, rising to one in eight young people new research by Citizens Advice has found. Millions of consumers use Buy Now Pay Later to split or delay payments with the charity’s latest research indicating that BNPL shoppers were charged £39 million in late fees…
Read more
Oodle Car Finance has announced a ‘green’ launch sale event to commence a new long-term remarketing contract with G3 Vehicle Auctions for the disposal of vehicles through their new £12m auction centre. Oodle have significantly increased their foothold in the motor finance industry in recent months has now funded £1.4 billion to over 147,000 customers…
Read more
A new start-up fintech launched by a former credit industry professional aims to get businesses paid within seven days, in an attempt to address late payments. Debt Register has developed a purpose-built digital platform to resolve debts anything up to 10 times faster than traditional legal action, and for a fraction of the cost. Two…
Read more
The finalists for the fifth annual Credit & Collections Technology Awards, the UK’s celebration of tech innovators in credit and collections, have been revealed. The Credit & Collections Technology Awards, organised by Credit Connect Media will host the Awards ceremony as a face to face event at the Midland Hotel, Manchester on Thursday 4th November. This year’s…
Read more