Leading High Court enforcement agency Shergroup is celebrating after gaining two further awards from the British Standards Industry for the way it runs its operations. Its offshore operation, based in Delhi, which has specialist and highly qualified staff offering outsourced business services, achieved the ISO27001:2005 quality standard for the way it manages data security in its facility. Meanwhile, the companys…

Conventional bank loans, often seen as the traditional option for raising business finance, are being ignored by small and medium-sized businesses due to worries about restrictive eligibility criteria and the wide range of other finance options available, says Bibby Financial Services. Although statistics from the CBI show that bank lending to businesses increased in November 2009 for the first time since January 2009, …

Leading credit and business information provider, Equifax, is putting an even greater focus on the challenges facing the credit management industry in 2010 with a new sponsorship agreement with the Institute of Credit Management (ICM). The new agreement builds on the relationship Equifax already has as Prize Sponsors for Advanced Credit Management, within ICM Education. Under the new agreement, Equifax will support ICM region…

Geoff Bouchier, David Whitehouse and Philip Duffy, Partners at MCR have been appointed Joint Administrators of Ethel Austin Limited and Au Naturale Limited on 8th February 2010. Ethel Austin is one of Britain''s value clothing retailers with a nationwide network of nearly 300 stores extending from Scotland to the South West, and from Wales to the South East. The business was established more than 70 years ago and has gr…

Premier Invoice and Asset Based Lender, Venture Finance has provided a 50k start-up funding facility for Sussex clothing company The Logo Works. Having been refused credit from a high street bank, The Logo Works was introduced to Venture through a personal contact. Attracted to the flexibility of its Fast Track Factoring package, The Logo Works agreed a deal within just five days of the initial meeting. The Logo Works f…

Leading debt solutions provider, EuroDebt, is responding to a new report from the National Audit Office which indicates that some debt advice charities are struggling to cope with consumer demand for help. EuroDebt believes this presents a major issue for consumers struggling with their finances. The charity sector does an excellent job in supporting individuals facing financial difficulties, but the reality is that t…

Government proposals to reduce bankruptcy to an online box ticking exercise have been roundly condemned by the organisation whose Members are most likely to have to deal with the fall-out. Applying for insurance or booking a holiday online is one thing, says Philip King, Chief Executive of the Institute of Credit Management (ICM), but becoming bankrupt online leaving a trail of unpaid creditors is not. The curren…

The Consumer Credit Association (CCA) has launched a strategic partnership with Callcredit Information Group to offer its members a range of Callcredit products, SHAREReport, CallML and CallTrace. The partnership reflects the commitment and vision of the CCA in its role to promote high standards of business and consumer relations in the home credit industry by providing additional resources for members. It also aligns w…

The Joint Liquidators of Stanford International Bank Ltd in Liquidation (SIB), Nigel Hamilton-Smith and Peter Wastell of Vantis Business Recovery Services, wish to provide an update regarding the location and status of known SIB assets and their recovery. The international pursuit of SIB assets for creditors continues to be the central feature of the recovery process and, in the interests of transparency and a commitment to r…

PricewaterhouseCoopers LLP analysis of todays national corporate insolvency statistics found that 5,837 companies entered insolvency in quarter four of 2009 - this is a 5.9% decrease on the same quarter of 2008 when the UK was in the eye of the storm of the recession. The total number of companies entering insolvency in 2009 was 25,432 - a 20.6% increase on 2008 and the highest annual number of annual insolvencies for a…