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Top story: Scottish law firm in administration

A total of 42 jobs have been lost at one of Scotland’s oldest law firms, while 80 have been saved, after the business entered administration. Read full story

News stories

Cabot eyes further acquisitions, as EBITDA hits £91m

Debt purchaser Cabot Credit Management has posted an adjusted EBITDA figure of £91.1m for the six months to June 30 – and revealed that it’s eyeing more corporate acquisitions. Read full story

Invoice finance firm IGF backs CT awards

Invoice finance provider IGF has signed up as the latest sponsor for 2016’s Credit Today Awards. Read full story

Portuguese activity behind H1 revenue surge for Arrow

Arrow Global has reported significant growth for the six months to 30 June 2015, with revenue up 48.6 percent to £76.7m, EBITDA up 33.9 percent to £65.7m, and profit before tax up 21.1 percent to £16.4m. Read full story

Lowell Group to create in-house law firm

Debt purchaser Lowell Group has secured approval to create an in-house law firm, according to a results update that also shows it made £60m of portfolio purchases between April and June. Read full story

OFWAT: DCAs don’t need FCA approval to work for water firms

Water industry regulator OFWAT is to remove its requirement that debt collection agencies (DCAs) should have Financial Conduct Authority (FCA) permissions to recover debt for water companies. Read full story

 
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No win no fee: Supreme Court judgment grants breathing space to IPs

Frances Coulson, head of litigation and insolvency at Moon Beever Solicitors, looks at the implications of Coventry v Lawrence

How rental could change the game in car finance

James McGee, managing director of Northridge, explains the potential for a boom in personal contract hire

5 things you didn’t know about Jersey

Nigel Sanders, partner at Ogier Jersey, takes creditors and insolvency practitioners through the island’s laws

The best of both worlds

David Webber, managing director at Intelligent Environments, asks how car finance providers will use digital channels to blend innovation with tradition

Challenger banks: a hard look at the numbers

Warren Mead, head of challenger banking and alternative finance at KPMG, takes a look at the statistics behind the hype in his sector

Managing editor's blog: a little less conversation

Fred Crawley, Credit Today's managing director, explains how CT is working with Hoist Finance and Santander to set up a working party on collections conduct

A “wake up call” for free debt advice providers

Nick Pearson, chief executive of The Debt Counsellors Charitable Trust, explains why the FCA’s review of debt advice is a serious jolt for free debt advice providers

Clarity on staff consultation during an insolvency

A European judgment has made staff consultation rules, which apply when a business goes bust, a little clearer. But there remain tricky, practical elements, as Moon Beever’s Sarah Rushton explains

Think you're exempt from the FCA? Think again

Ian Benson, director of the financial services practice group at Maclay Murray, points out a common pitfall around credit broking regulation

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