Credit, Collections & Insolvency News
FinTech company IE Hub is callung for change in a battle to support consumer needs. The firm has reached out to experts from energy, water, customer vulnerability, and technology in a drive to build a robust ‘Thought Leadership Group’. The Group chaired by Ian Parry, aims to build a vibrant community through which the sectors…
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New data from Intuit QuickBooks has highlighted the burden of late payments on already financially stretched small and medium-sized businesses (SMBs) with the average amount figure owed being £21,373. The figure represents more than two thirds (67%) of typical SMB monthly turnover. The company’s Late Payments Bulletin provides a snapshot of the late payments issues…
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Specialist recoveries management agency, Phillips & Cohen Associates has announced that it has to have achieved the BSI 18477:2010 accreditation for its handling of vulnerable UK consumers. BSI 18477:2010 is the acknowledged international standard for businesses, recognizing the provision of inclusive services, equally accessible to all consumers regardless of their personal circumstances. PCA, which has…
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Businesses were supported through the pandemic with nearly £80 billion of emergency government-backed loans, final figures published by HM Treasury have revealed. Over 1.67 million loans have been provided, protecting millions of jobs and livelihoods across the UK at a time of unprecedented uncertainty and crisis. Government-backed loan schemes have supported businesses of all sizes…
Read moreDespite bearing much of the negative economic impact of the pandemic, Gen Z and Millennials are becoming less concerned about the long-term impact of Covid-19 on their household finances, according to recent research from global information and insights provider TransUnion. In the company’s Consumer Pulse study, which has been tracking the financial impact of the…
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The Melton Building Society has appointed Andy Lumby as Chief Financial Officer. Lumby brings over 17 years of experience in financial services having held a number of senior finance positions, including Head of Finance at Nottingham Building Society and most recently Finance Director at Tipton & Coseley Building Society. A chartered accountant, Lumby started his…
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In June the following administration notices have been issued and advertised in the London Gazette for the following companies: ADRIAN POOLE & SONS INTERNATIONAL LTD AF BIOMASS LTD ALEXANDERS DISCOUNT LTD ARDLEIGH COMMERCIAL PROPERTIES LTD ARTISAN H (KINGS WATERFRONT) LTD BETINDEX LTD BH PRECISION LTD BIRMINGHAM CROSSWAYS HOUSE CENTRE LTD BULSATCOM INVESTMENT LTD BULSATCOM UK…
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Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in June: 3LION VENTURES LTD A & A RESTAURANTS (LS11) LTD A S FASHION (LEIC) LTD A.S CAPITAL INVESTMENTS LTD A.S.F. SUNDRIES LTD AA PLUMBING AND DRAINAGE SERVICES LTD ACDC+ ELECTRICALS LTD ACES HOLDINGS LTD ACG…
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In June, Winding Up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: 1ST E LTD AEQUITAS PACKING (UK) LTD AJ&L LTD ANCESTORS OF DOVER LTD ATPLEDGE LTD BOLBEC HALL LTD BOROUGH RESIDENTIAL DEVELOPMENTS LTD CAMCO ESTATES LTD CHERHIL LTD CHICKEN EXPRESS LTD CRESCERE INVESTMENTS LTD CRYPTOWARE SOLUTIONS LTD…
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Online income and expenditure portal, IE Hub has announced that it has partnered with the Vulnerability Registration Service (VRS) . The company’s say that the partnership will mean that those people who have found themselves in vulnerable circumstances will actively be made aware at key touchpoints of the ongoing free support they can access. At…
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Order-to-Cash platform Sidetrade has announced it has signed a global digital transformation deal with Veolia Group., as their exclusive global supplier for digital dunning and payment dispute resolution. Veolia Group, which aims to be the benchmark company for ecological transformation, has made digitalisation a core element of their strategic plan, Impact 2023. Cashflow generation, which…
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Young adults well protected from increased hardship through the pandemic but a risk that many will bear scars of the recession for years to come according to new research by the Institute for Fiscal Studies, funded by the Joseph Rowntree Foundation. The report says that the careers of young adults have been heavily disrupted by…
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New figures released by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) grew by 106% in May 2021 compared with the same month in 2020. In the first five months of 2021, new business was 26% higher than in the same period in 2020. The…
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