An alternative investment manager has gone into voluntary liquidation. The Financial Conduct Authority has confirmed Prosper has applied to cancel its authorisation. The firm was an alternative investment fund manager and arranged deals in investments. It was also responsible for the activities of its appointed representative, Crowd2Let Capital Limited. The FCA said: “The Financial Ombudsman…
Americans are carrying more credit card debt than ever before, and financial experts say high interest rates are making it increasingly difficult for borrowers to get ahead. According to the Federal Reserve Bank of New York, Americans owe about $1.25 trillion in credit card debt, while total household debt has climbed to a record $18.8…
The Bushel and Strike in Heacham closed last month after being run by Steven Lewis and Karen Eastwood for the last three-and-a-half years. In a statement announcing the pub’s closure, they said: “Unfortunately, due to the current economic climate and recent rises in the costs placed on us, we have sadly decided to call time”.…
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The NSW Coalition has pointed to insolvency data to argue businesses are struggling under Labor, but the same figures show the number of NSW companies collapsing actually fell last year, and the state’s share of the national total has been shrinking for two years running. The NSW Opposition have claimed more than 5,300 businesses went…
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Scottish business insolvencies remain stable Credit Connect Read the original article here
Latest figures from the Insolvency Service have shown that the number of business insolvencies in England and Wales has shown that there were 1,845 business insolvencies in June 2026,. The figures were similar to in May 2026 but 10% lower than in June 2025. The business insolvencies in June 2026 consisted of 276 compulsory liquidations,…
National debt charity StepChange has won a top award for its work to tackle illegal lending and keep its clients safe from loan sharks. The charity, which has its headquarters in Leeds, has been awarded Partner Plus Accreditation by the Illegal Money Lending Team (IMLT), known as Stop Loan Sharks, in recognition of its ongoing…