The number of corporate insolvencies remained low throughout June, and fell by half compared to June last year, but experts believe the figures are not reflecting the severe situation many UK firms are facing
The administrators of the Oasis and Warehouse fashion chains have appointed CAPA to audit stores the businesses traded from around the UK, as another high street retailer fell victim to the effects of Covid-19
Lloyds Banking Group has granted 1.1 million payment holidays across mortgages, personal loans and credit cards, as allowances for credit losses increased by over £3bn to £7.2bn, according to its half-yearly report
The insolvency and restructuring trade body R3 has hit out at HMRC’s new creditor status, which means that from December 1, the tax authority will be paid in full before other creditors during insolvencies
Rounding off week is the Credit Week Gala Dinner. This is an opportunity to come together to network, build relationships, celebrate success and most importantly have a good time after an amazing week.
With just weeks left before a potential disorderly exit from the EU, Credit Strategy highlights why credit professionals should be aware of consumers’ inability to absorb a shock and why younger customers could be most at risk
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