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Monthly Archives: January 2012
Government urged to re-think decision not to offer creditors more legal protection from ‘phoenix’ companies
Jan 27 2012
The Forum of Private Business is responding with dismay to a government announcement that legislation to improve the pre-pack insolvency sales process, designed to clamp down on ‘phoenix’ companies starting again while leaving their creditors unpaid, will now not go ahead as planned.
In a statement, the Employment Minister Edward Davey said that, having [...]
Posted in Blog
One in three prospective students ‘not worried about debt’
Jan 27 2012
Money education charity Credit Action has warned that student life is normalising the debt culture, after a new survey revealed that 36% of young people see being in debt as a ‘normal’ part of university life. The charity is concerned that a lack of understanding about debt and personal finance is enveloping the [...]
Posted in Blog
2011 saw business insolvencies in the UK increase by a small margin
Jan 25 2012
The Insolvency Index from Experian®, the global information services company, today revealed that the insolvency rate[1] for 2011 rose only slightly compared to 2010.
21,070 UK businesses, 1.1 per cent of the total business population, failed in 2011. This represented a marginal increase on the 1.03 per cent (19,818 failures) recorded in 2010. In [...]
Posted in Blog
Nearly one in five will retire in debt this year
Jan 25 2012
Nearly one in five (18 per cent) of those planning to retire this year will do so with outstanding debts, according to new figures released today by Prudential. The Class of 2012 research looks at the finances and expectations of those planning to retire this year, and found that the average amount owed [...]
Posted in Blog
CCDR Branches out into the US.
Once again it’s been a while since we have updated the blog, mainly due to the fact we have been so busy with new product/service development and the fact that after a lot of effort we have finally managed to break into the US market. This has resulted in instructions of over £1 million, [...]
Posted in Blog, Company News, Uncategorized
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UK firms improve payment performance in Q4 2011