Credit, Collections & Insolvency News
Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in June: 1903 HOOTON PAGNELL LTD 1950`S BOUTIQUE LTD 1ST FACILITY MANAGEMENT LIMITED 1ST RAPID MAINTENANCE LTD 2048 ORACLE CENTRE READING (LEASECO) LIMITED 2MW HEWORTH LTD 2XSTREAM LIMITED 3DM LEISURE LIMITED 3XPOINT LTD. 4 WALLS DEVELOPMENTS…
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In June, Winding Up Petitions (Companies) were issued and advertised in the London Gazette for the following companies: 3 AUK (LONDON) LTD 3011MAPLESIGN LTD 31STOREYS LIMITED 4 GREEN ARCHITECTURE LIMITED 66 HAYMARKET LIMITED 737 LTD A A PROPERTY INVESTMENT (LUTON) LIMITED A K BUILDING & DECORATING LTD A K K SERVICES LTD A WILLIAMS CONTRACT…
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Seven in ten people are set to holiday, though 75% of those are finding ways to cut travel costs compared to their last trip, according to new KPMG research. The number of people feeling financially secure has risen this quarter by three percentage points to 58%, whilst confidence that the UK economy is improving has…
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Total like-for-like retail sales in discretionary categories (fashion, homewares and lifestyle) remained below inflation in June, compared to a positive base of +3.2% in June 2024, according to the latest High Street Sales Tracker from accountancy and business advisory firm BDO. The disappointing performance was driven largely by low sales growth in stores, at just +0.6% compared…
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Fair Finance and Vanquis have announced the launch of a first-of-its-kind decline referral scheme that aims to support over 100,000 financially underserved people across the UK over the next two years. The scheme will direct Vanquis customers who are not yet eligible for its products to a community development finance institution (CDFI), Fair Finance, where…
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UK Finance has backed calls that the Financial Ombudsman Service (FOS) should be stopped from acting as a quasi-regulator”and insists on a timetable of reform for the body. The move comes in the banking body’s submission to the government ahead of the Chancellor Rachel Reeves’ Mansion House speech later this month and the Treasury’s Financial…
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New data from Fair4AllFinance has found that one in four people (24%) in financially vulnerable circumstances in the UK hold no savings at all. The data showed that 10 million people across the UK have stopped saving entirely, or are saving less than they did a year ago. The 10 million figure represents more than…
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Credit Connect has published the annual 2025 Credit & Collections Industry Awards Review. The annual review highlights why the judges decided the winners at this year’s Industry Awards, which were announced in May in York. The review provides background and context for the awards results, recognising companies for the progression of industry standards and excellence.…
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Lenders said they lifted the availability of household secured credit in the three months to the end of May and expect to do so again over the coming quarter, according to a latest Bank of England survey. The survey found that lenders reported that the availability of both secured and unsecured credit to households increased…
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Confidence among British businesses has significantly declined due to Labour’s tax policies, according to a survey by the British Chambers of Commerce (BCC), revealing that 56% of firms are worried about their tax burden. While price rise expectations have eased back from near historic highs in Quarter 1, tax remains the biggest concern cited by…
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StepChange Debt Charity has appointed three new trustees – Ramon Kaur, Sean Lynskey and Lisa Mellor. The appointments come at a transformative moment for StepChange. The charity recently launched a bold new five-year strategy focused on delivering even better outcomes for people in problem debt, driving meaningful change through policy and research, and securing long-term…
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New research from Compare the Market reveals that more than half (52%) of people would be willing to switch credit cards if they found one offering better rewards aligned to their personal needs, even if it came with a higher interest rate. Nearly half of respondents (46%) value cashback as the most important credit card…
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Insurance finance specialist, Premium Credit, has announced that it has appointed Alan Scott as Director of Partner Relationships. Scott will lead the Broker Account Management teams across the commercial insurance market in the UK, reporting into Owen Thomas, Chief Sales Officer. He joins Premium Credit having held senior positions at AXA UK and RSA. Owen…
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