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Shergroup celebrates collection
milestone
 Enforcement
expert Shergroup is celebrating a major milestone after passing the £10 million
mark for offshore collections through its Sherforce brand of High Court
enforcement.
Alarming results highlight serious risks of UK recession
The latest
British Chambers of Commerce Quarterly Economic Survey shows a serious risk of recession, with some results
hitting historically low levels in the manufacturing and service sectors.
More brokers turn to debt management
Leading debt
management provider, EuroDebt Financial Services, has now signed up more than
650 intermediaries and brokers to its Introducer Scheme.
Haulier fails as soaring fuel prices hit home
Leeds-based
Macfarlane Transport, one of Britain's biggest road hauliers, has entered
administration.
General Motors suffers as consumers cut back
General Motors
shares have fallen to their lowest level in over 50 years amid concerns about
the company's future.
Bridging loan sector continues to show potential
Current market
conditions have seen an increase in the number of opportunities for property
investors who have the cash available for immediate purchases.
ICC arms sales forces with credit information
Business information provider ICC has announced a solution to the problem of
deals that are jeopardised at the last minute.
SMEs suffer as big business delays payment
The SME sector is being squeezed by big businesses with some suppliers waiting
more than three months to get paid.
Credit crunch yet to bite, says consumer debt sector
Recent research
indicates that the credit crunch has not yet had a major impact on the consumer
debt management industry.
OFT takes revokes credit licence
The OFT has
revoked the consumer credit licence of Matthew St John Crossley,
trading as the Debt Advisory Company.
Creditsafe launches new Belgian
operation
Creditsafe has
announced the launch of its new operation in Belgium, continuing the company’s
aggressive expansion in Europe.
Corporate fraud booms as credit crunch bites
Reported fraud
cost businesses over £705 million in the last six months alone.
Coface extends its factoring services to five new countries
Factoring has
become the main source of growth for Coface, with a double digit
potential growth anticipated over the next five years.
Bad debt protection key for businesses during the credit crunch
More than half
of UK accountants believe that having bad debt protection in place is important
for business in the current economic climate.
SMEs government inaction over rising costs
Small business
owners claim that the government is making it more difficult for them to handle
rapidly rising costs.
Creditsafe UK announces launch of bulk data service
Credit
information experts Creditsafe have announced the launch of its bulk business
data solution.
Dramatic rise in number of IVAs
There has been a
dramatic increase in the number and percentage of IVAs taken out by homeowners.
Coface launches receivables finance service in Ireland
Coface has added
to its credit management services in Ireland.
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