| This Week's News - 21 March 2014 |  EU recommends new approach to rescue businesses and give honest entrepreneurs a second chance
The European Commission has today set out a series of common principles for national insolvency procedures for businesses in financial difficulties. The objective is to shift the focus away from liquidation towards encouraging viable businesses to restructure at an early stage so as to prevent insolvency. With around 200,000 businesses across the EU facing insolvency and 1.7 million people losing their jobs each year as a result, the Commission wants to give viable enterprises the opportunity to restructure and stay in business... Read more here... |
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♦ Detailed reaction to the Budget 2014
This was a budget that offers some help to all levels of business, with perhaps a slight focus on the mid size energy intensive and manufacturing businesses, rather than the very small ones. However, it does help... |  |
♦ Failure to account leads to eight-year directorship ban
Mr Edward Tully has been disqualified for eight years from being a company director following a trial at Peterborough County Court, for failing to surrender the books and records of his company as he... |  |
♦ SLC 'In The Dark' On Debts And Debtors (CCR-PS pg9; APP)
The Student Loans Company is "in the dark" about a large number of graduates who should be making repayments, but have "slipped out of contact", a group of MPs has warned... |  |
♦ Director gets longer disqualification and de facto director duo are discovered and disqualified
Nathan David Paul O’Callaghan, a director of Steelmen Security Ltd, has been disqualified for 11 years for acting as a director of a limited... |  |
♦ US Bankruptcy Filings Increase (CCRW pg8; APP)
Total bankruptcy filings in the USA decreased 13% in January from the same period last year, according to research. Bankruptcy filings totalled 68,153 in January 2014, down from the January 2013 total of... |  |
♦ China sees highest level of corporate overdue payments since 2010
The deterioration of payments in China serves as an alert. Traditionally speaking, smaller companies in China do not necessarily have access to enough credit facilities from the regular banking system and this... |  |
♦ Nearly 30% of consumers have cleared their debts in the last 12 months
The latest research reveals that nearly 30% of people have no debt on store cards, credit cards, payday loans or other credit agreements payable over 12 months or less. In addition, over 40% of consumers... |  |
| ♦ Parking Not A Cash Cow (CCR-PS pg9; APP) |
| ♦ Is the government planning to make it easier to evict tenants? |
| ♦ Government to make it easier to check that you’ve got the right bank deal |
| ♦ CML News: What's in the pipeline? See our first data on loan completion times |
| ♦ Credit Card Lending Up (CCR World pg8; APP) |
| ♦ Five ways to become the ‘Best Workplace’ |
| ♦ Darwin's theory of evolution could hold key to avoiding economic meltdowns |
| ♦ Plymouth Issues 18,000 Summons (CCR-PS pg8; FREE APP) |
| ♦ BRC welcomes Chancellor’s focus on putting more money in people’s pockets |
| ♦ Gross mortgage lending up 43% on last year |
| ♦ 2,000 Further Job Cuts Expected In Wolverhampton (CCR-PS pg8; FREE APP) |
| ♦ Budget good news but more action needed to help SMEs |
| ♦ Budget: Chancellor provides a boost for UK SMEs |
| ♦ Chartered accountant banned from directorships for five years for failing to pay tax |
| ♦ Strong motor finance market sets foundations for record-breaking plate change |
| ♦ Support for the Chancellor's export drive |
| ♦ BTL arrears continue to outperform market |
| ♦ This budget reeks of the stuck-up complacency of the well-heeled elite |
| ♦ Budget good news for brokers |
| ♦ A budget for savers...about time! |
| ♦ Forum of Private Business responds to Budget 2014 |
| ♦ Borro comment on the Budget 2014 |
| ♦ Planning reforms will boost SME expansion |
| ♦ Increasing the annual investment allowance provides welcomed support for SMEs |
| ♦ Waste management firm becomes environmentally friendly with bank support |
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| This Week's Appointments And Updates |
| ♦ Cabot Credit Management announces results for the year ending December 2013 |
| ♦ Creditsafe hosts international knockout charity fundraiser |
| ♦ Noble Systems announces Noble® for Sales Cloud on business apps marketplace |
| ♦ Terry Baxter joins Target Group as Risk and Compliance Director |
| ♦ CHL Mortgages reveals 2013 complaint figures |
| ♦ Santander selects Experian to support customer acquisition and business growth |
| ♦ OnGuard signs ICM Corporate Partnership |
| ♦ Enghouse Systems Acquires IT Sonix AG |
| ♦ Cabot Credit Management announces £175m senior secured notes offering |
| ♦ More than 10,000 social housing tenants in Solihull could receive boost to their credit scores |
| ♦ Wedding shop falls victim to online competition |
| ♦ Commentary on the Budget from Graydon UK - Exports and SMEs |
| ♦ Lloyds Bank boosts Corporate Asset Finance team with new Director |
| ♦ Chester firm nourishes British farms after securing new contracts |
| ♦ Whatever your business, ignoring fire safety rules can prove a costly mistake |
| ♦ JLP’s Sir Charlie Mayfield to take up chair of BRC in September |
| ♦ Parseq extends Consumer Credit Licence as regulation moves to the FCA |
| ♦ ASTL launches annual conference |
| ♦ allpay reveals housing procurement trends at NHF Housing Finance 2014 |
| ♦ £2 billion in two months: Pepper UK boards two more books |
| ♦ Skrill appoints George Goodyer to lead IT solutions delivery |
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