Company news
D&B and Atradius launch B2B collection service 1 October 2011
Information provider Dun & Bradstreet (D&B UK) has launched a business to business payment and collections service for UK customers in partnership with Atradius Collections. Register or log in to read full article
Contis Group invests £2m in future technology growth 1 September 2011
Contis Group has begun a £2m investment programme to exploit future developments in payment processing, cloud computing and Smart technology. The online banking and prepaid card technology provider has spread the investments across the group’s UK and India companies in anticipation of growth in the prepaid sector, which it has forecast until at least 2017. It anticipates that the UK will gain a 25% share of the European market by then. Register or log in to read full article
Brighthouse to expand as annual profits soar to £34m 1 August 2011
Brighthouse, the UK’s biggest rent-to-own retailer, reported a 16 per cent lift in full year revenues and said the rise in unemployment increased consumer demand. Register or log in to read full article
DEBT COLLECTION UK commercial DCAs experience soaring rise in service demand 1 July 2011
The UK experienced a 12% rise in the use of commercial collections agencies in the last year as more firms outsourced their recovery work, according to credit insurer Atradius. Register or log in to read full article
News in brief 1 July 2011
Direct debit collection portal launched Register or log in to read full article
ACQUISITIONS Deal shows bank’s commitment to commercial finance sector 1 July 2011
ABN AMRO has announced an agreement on the sale of Fortis Commercial Finance to BNP Paribas Fortis. Register or log in to read full article
Santander teams up with Callcredit 1 May 2011
Santander Cards has signed a three-year deal with the credit reference agency Callcredit in an effort to improve its risk assessments of customers. Register or log in to read full article
Aldermore loans to SMEs hit £410m 1 May 2011
Aldermore Bank more than doubled its loans to small and medium-sized enterprises last year to £410.2m, while its asset finance arm grew by 206 per cent. Register or log in to read full article
Fairpoint Group prepares to launch into short-term loans 1 May 2011
Company will use own capital to test the water, backed by RBS Register or log in to read full article
Company news in brief - March 11 1 April 2011
The level of overall staff fraud remained static in 2010, according to the latest figures. Register or log in to read full article
JJB Sports outlines new CVA 1 April 2011
JJB Sports has announced details of its proposed Company Voluntary Arrangement as the troubled chain looks to restructure. Register or log in to read full article
EMI sold to its main creditor 1 April 2011
Music label EMI has been sold to Citigroup – its major creditor – which has announced an immediate recapitalisation of the company to slash debts by £2.2bn. Register or log in to read full article
BT Retail revamps debt recovery with new contract 1 April 2011
TDX secures telecoms giant as a new client after debt trial Register or log in to read full article
Company news in brief - Feb 11 1 March 2011
The Royal Bank of Scotland Group has sold a portfolio of commercial project finance debt to Mitsubishi UFJ Financial Group in a deal worth £3.3bn. Register or log in to read full article
KPMG to pay tuition fees 1 March 2011
KPMG has unveiled a programme that will see the accountancy giant pay all university tuition fees for a group of students. Register or log in to read full article
Siemens Bank to go international 1 March 2011
German engineering giant Siemens has revealed that it plans to expand its recently-launched banking division internationally. Register or log in to read full article
DCAs to face exclusion from BBC deal 1 March 2011
Broadcaster hits £200m revenue threshold for bidders on £15m licence fee contract Register or log in to read full article
Company news in brief - January 2011 1 February 2011
Marston Group recently seized an Airbus while executing a writ for the sum of £112,000 against a European airline. Register or log in to read full article
Marlin breaks into Fast Track 100 1 February 2011
Debt purchaser Marlin Financial Group has entered the Sunday Times Fast Track 100, the index of Britain’s 100 fastest growing privately-owned companies. Register or log in to read full article
ITV leads the asset financing charge with £125m contract 1 January 2011
Lloyds TSB Commercial Finance boosts station’s funding by £50m Register or log in to read full article
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