Credit, Collections & Insolvency News
Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in May: 100% INSPECTION LTD 4ZERO LTD A BLAIR LTD A NINETEEN PUB COMPANY LTD A.L.P.H.A. HOME IMPROVEMENTS PS LTD ABBEY MECHANICAL & ELECTRICAL SERVICES LTD ABSOLUTELY FLOORSOME LTD AC CASTLE STREET LTD ACCUMULATION LTD ACE…
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In May, Winding Up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: BIG MARTHA LTD BLACK SWAN VENTURE CAPITAL LTD BOROUGH RESIDENTIAL DEVELOPMENTS LTD CHIC BUILDING LTD CLAYBORN CONSTRUCTION LTD. CREATIVE GLASS (NW) LTD CXL 2020 LTD DESAI & CO ACCOUNTANTS LTD ESPRIT LAND LTD GILB CONSTRUCTION LTD…
Read moreCredit Connect Media will host the latest edition of its Connected News digital free live webinar series on Wednesday 14th July. The webinar titled “Delivering responsible vulnerable communications” will be the latest in the series of webinars looking at the latest thematic innovations enhancing collections strategy. Speakers from Lowell and the Lending Standards Board will…
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Latest Bank of England (BoE) figures show that consumers continued making net repayments of consumer credit in April 2021. The figures show that households collectively made a £377 million net repayment in consumer credit, the repayment figures included credit cards, personal loans and overdrafts. Analysis shows that while people have been making significant net consumer…
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More than half (51%) of people who sought debt advice from a Citizens Advice Bureau wish they had done so sooner according to new data published by Citizens Advice Scotland (CAS). CAS is publishing the data as it launches its ‘Money Advice Matters’ campaign, encouraging people to not delay and seek advice about financial worries,…
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Businesses are increasingly taking a broader view of their purpose so that they serve the interests of all their stakeholders, rather than a sole focus on maximising shareholder value. This has led to a number of major UK employers committing to defining a social purpose, according to research by the Institute of Directors (IOD). In…
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A company claiming to recover debts has been wound-up after making unsolicited approaches to creditors contrary to insolvency law. Global Investigations and Recoveries Limited was wound up in the public interest in the High Court on 17th May 2021 before DDJ Watkin. The Official Receiver has been appointed liquidator of the company. During the proceedings,…
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End-of-life admin service Settld has closed its initial seed funding round with £500,000 of new investment. The investment comes as the death-sector disrupter aims to create waves in the bereavement and death-tech space – automating bereavement notifications and reducing end of life admin stress for grieving families and professionals who support them. Online startup Settld says that it removes…
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The annual Football Distress Survey, conducted by business recovery specialist Begbies Traynor since 2012, has revealed a deceptively rosy picture of football club health, skewed by a number of Covid-related factors that cloak an undercurrent of rising debt and financial issues, pushed onto next season and beyond. None of the clubs in the English Football…
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Applications for mortgages in May 2021 are up 8% on 2019 levels, a pre-pandemic year, with just one month to go until the stamp duty holiday extension is phased from 30 June according to new industry data released by Experian. Applications from those under 30 have seen the biggest growth (+11%), and now represent a…
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The Joseph Rowntree Foundation (JRF) has warned that the country risks a two-tier recovery from the pandemic as new research highlights the disproportionate risks facing people who rent their homes. The temporary ban on bailiff-enforced evictions introduced in March 2020 and extended several times since, has provided much-needed security to renters at a time of…
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Sub-prime lender, Amigo has warned that it faces potential collapse after confirming that it will not appeal against a High Court decision that blocked a scheme to cap customer compensation. The firm said it would ‘consider all options’ noting that it is looking at an alternative scheme to manage the costs of customer compensation claims.…
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Together Financial Services has announced that it has appointed data-led integrated agency, Jaywing, to transform its onboarding processes and review all aspects of its acquisition journey following a competitive tender process. Together offers a portfolio of secured lending products, often working with ‘hard to mortgage’ properties or with individuals and companies who might struggle with…
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