Credit, Collections & Insolvency News
Qualco UK has added ISO 9001 to its catalogue of British Assessment Bureau (“BAB”) certifications. ISO 9001 is the international standard for a quality management system. The internationally recognised standard is awarded to organisations that have an effective management system, a project approach, and that it is assured in its quality. The standard demands measurable objectives,…
Read more
New figures released by the Finance & Leasing Association (FLA) show that second charge mortgage new business volumes grew by 176% in April 2021 Commenting on the latest new business figures for the second charge mortgage market, Fiona Hoyle, Director of Consumer & Mortgage Finance and Inclusion at the Finance & Leasing Association (FLA), said…
Read more
New figures released by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) grew by 80% in April 2021 compared with the same month in 2020. In the first four months of 2021, new business was 15% higher than in the same period in 2020. The…
Read more
South West Water owner, Pennon Group has announced that it has acquired Bristol Water for £425 million. The acquisition means that the Pennon Group will add around 1.2 million customers to its portfolio. Commenting on the Acquisition, Susan Davy, Group Chief Executive said ‘The acquisition of Bristol Water brings great people and a great business…
Read more
2.5 million consumers are behind on their broadband bills, with 700,000 of these falling into the red during the pandemic according to new research by Citizens Advice. The new research from the charity has also found some groups are particularly struggling. Young people and those with children under 18 are three times more likely to…
Read more
Trade credit insurer, Euler Hermes has announced that it has appointed Sarah Murrow as Chief Executive Officer (CEO) of its UK and Ireland business. Murrow moves from her role as the market management, commercial underwriting and distribution (MMCD) director for Northern Europe, and will be the first woman to head up Euler Hermes’ UK and…
Read more
New figures from the ONS have highlighted the gap between the incomes of the richest and poorest fifths of people in the UK. The figures show that In the period leading up to the pandemic, the richest (£107,800) one-fifth of people’s average household incomes before taxes and benefits was over 12 times larger than the…
Read more
Consumer watchdog Which? says banks should show how many customers are repaid money from accounts lost due to fraud. Most large banks compensate some funds to customers who are defrauded by criminals and publish information on compensation rates as a group, with only Barclays and TSB committing to doing so individually. Which? says Banks must…
Read more
The number of consumers considering personal loans has fallen by a quarter (24%), according to new research by MoneySuperMarket. Figures analysed by the price comparison website show that as pandemic restrictions near their end, the home improvement trend might have peaked. The boom in home improvements under lockdown and loan interest underlines this but between…
Read more
More than 31,500 people in Scotland sought debt help and over 11,000 went through a full debt advice process during the year of the pandemic, according to Stepchange charity’s latest ‘Scotland in the Red’ update. The research showed that average client rent arrears rose by a dramatic 43% in 2020, one of the most worrying…
Read more
Over a quarter (26%) of businesses will not be fully data-driven for another four to five years, according to findings from the latest FinTech Barometer survey of finance professionals, carried out by Visma | Onguard. The company says that the research reflects a move to becoming data-driven being a long-term agenda item for many businesses,…
Read more
More than 285,000 households could be automatically moved onto more expensive ‘default’ energy tariffs this month if they do not switch tariffs or providers when their deals come to an end according to research by comparethemarket.com In June, there are 166 fixed energy tariffs coming to an end, which could mean an average increase to…
Read more
In May the following administration notices have been issued and advertised in the London Gazette for the following companies: 51AEGON LTD AFIN TECHNOLOGIES LTD AW RETAIL LTD BSC HOLDINGS LTD COLLINS BUILDING SOLUTIONS LTD COMMERCIAL STREET HOTEL LTD CONNECT RECYCLING LTD CONSTRUCTION AND MANAGEMENT TRAINING LTD DAPATCHI PROPERTY CONCEPTS LTD DEVCO 2017 LTD ESSEX COUNTY…
Read more