Monthly Archives: June 2011

Corporate Credit Debt Recovery (CCDR) News Release

It’s been a while since we have posted an update in relation to the most recent business we have procured. Needless to say, the last few months have been very encouraging, both in terms of company growth and our capture of market share. Looking back over the last 6 months I am truly in awe of [...]
Posted in Blog, Company News, Press Releases |

Debt Recovery News – Experian’s latest Insolvency Index released

The health of the UK’s micro and small business community marginally improved in April, according to Experian, the global information services company and credit reference agency. Experian’s latest Insolvency Index, published at the end of May, revealed that some 1,800 UK companies, accounting for ‘a tenth of one percent’ of the active business community, became insolvent [...]
Posted in Blog, Industry News |

Credit Action releases its debt statistics for June

The money education charity Credit Action has released its debt statistics for June. The monthly release which includes amongst other info: details of the level personal and Government debt in the UK, employment data, amounts of debt written off by the banks and house repossessions; is seen as a collective indicator of the state of [...]
Posted in Blog, Industry News |

Debt Recovery News – Consumer court debt down £90m

The quarterly value of debt judgments against consumers in England and Wales has fallen some £90m (16.7%) year on year according to statistics released last month (May 24) by Registry Trust Ltd. The figures show a drop from £538.8m value of debt judgments against consumers in Q1 2010 to £448.8m in Q1 2011. The latest reduction consists [...]
Posted in Blog, Industry News |

Debt Recovery News – Increase in Civil Proceedings fees

A practitioner within the Debt Recovery industry from a firm based in Leeds has said this week that the latest increase in Civil Proceedings fees, implemented in April, will effectively encourage people to run up debts as the cost of recovering monies owed rises. The Leeds based commercial debt recovery solicitors stated via their own website [...]
Posted in Blog, Industry News |

Office of Fair Trading v rogue Debt Management firms

The Office of Fair Trading this week announced a series of measures relating to the marketing and charging practices employed by credit brokers and debt management companies in response to ongoing concerns over the impact of such practices on vulnerable consumers. The OFT is also asking the Government to consider whether new legislation is required to [...]
Posted in Blog, Industry News |

Debt Industry News – Double dip for construction sector. Insolvencies up

The number of businesses going bankrupt in the UK construction sector has jumped by 19% in Q1 2011 which is up from a total of 796 bankruptcies in the previous quarter (Q4 2010). The figures, complied by Wilkins Kennedy a Top 30 UK accountancy firm show that for the first time in two years the quarter [...]
Posted in Blog, Industry News |