In Reference Appointments & Updates
project between Welcom Digital and the Express Gifts’ in-house team. Express Gifts configured and customised new loan products, introducing a loan lifecycle with integrated workflows, taking advantage of Financier’s service-orientated architecture and API set to automate, extend, and integrate with other systems. Express Gifts is working to introduce
further credit products, providing increased flexibility and choice for its 1.7 million active customers.
More than a third of UK shoppers say they will be able to spend less on their Christmas shopping this year compared to 2016, the latest Christmas Barometer, from Ferratum UK, has revealed. The research also revealed that 41% of shoppers will use their savings to finance their Christmas shopping this year. Antony Gundersen, UK country manager,
said: “These figures show that millions of UK consumers will be taking a more sensible approach to Christmas spending this year, with many taking advantage of online deals and discounts to save money.”
SFP has completed the sale of the business and assets of QFSL Cleaning UK, saving all 150 employees’ positions in the process. QFSL entered into a company voluntary
arrangement (CVA) in 2015, following previous financial difficulties as a result of its cashflow. Despite the company complying with the CVA for over two years, cashflow difficulties eventually meant that it struggled to meet its commitments and defaulted on its terms, which resulted in it being warned about the prospect of being issued with a winding-up petition. After consideration, the director sought the
appointment of administrators. SFP’s Simon Plant and Daniel Plant were appointed as joint administrators in October 2017.
Linedata has launched a transformation strategy and a new brand platform. In response to the very many disruptions
brought about by new technologies and behaviours, Linedata is accelerating the digital transformation of its product and service offerings, as well as its corporate governance and practices.
January 2018
Quint Group has announced the appointment of Anuj Bhatnagar as chief financial officer. He will be responsible for delivering Quint’s financial strategy and oversight across the group’s global operations. His appointment is effective immediately. Founder and CEO, Greg Cox, said: “I am very excited to
welcome Anuj to the company. Given our global expansion plans and current growth profile, I believe Anuj’s unique experience and expertise will add further significant value to the group, continuing to allow us to execute on our strategy and fulfil our potential.”
Anvaraly Jiva, founder and CEO, said:
“Linedata is turning 20. It is a major milestone in the life of our company. Our new visual identity reflects who we have become, and raises our ambition.”
Henry Howard Finance has increased the size and scope of its internal IT team with a series of appointments. Expansion of the division has been led by
Gavin Dowding, head of IT. He is supported by head of infrastructure, James Taylor. Earlier in 2017, the group recruited three business analysts: Rhydian Thomas, Nicola Evans, and Clare Montgomery. Anne Williams, chief operating officer,
said: “We appreciate the increasing importance of technology, and the role it will continue to play in the growth journey of the business – particularly as we prepare to implement GDPR best practices.”
Anuj Bhatnagar
More than two-in-five small-business owners (43%) say that their specific expansion plans for 2018 would have to be put on hold if they were not able to secure funding, according to new research by Hitachi Capital Business Finance. Managing director, Gavin Wraith-Carter,
said: “The principle of high-street lenders doing more to support the small-business sector has been widely debated, but we are now at a critical time. “For the last year, our data has shown
the SME sector to be more likely to see growth opportunities from the uncertainty of Brexit, and also to have crafted plans for 2018. “For many, these plans will only come
to fruition if small firms secure funding, something most strongly voiced by those ventures that foresee significant business expansion in the months ahead.”
Book Review: Credit Management for Property Professionals – The Fine Art of Not Losing Money A great deal is written about problems between landlords and individual tenants, especially by the media. But, in this concise, well set-out book, with clear chapter headings, Duncan Grubb focuses on effective credit management where businesses let property to other firms, and how this should be approached if payment problems are to be avoided. In doing so, he differentiates between credit management and the recovery of monies due, emphasising that, if a landlord gets the management side right, the problems involved in pursuing debts need not arise. In its 125 pages, the Table of Contents lists 23 headings, ranging from tenancy agreements, break clauses, when to agree and not to agree, assignments, and things to watch out for, with the final chapter entitled ‘The Enemy Within’. The book contains practical advice, written in a robust and lively style, which, once into its introduction, many readers will wish to read what is coming next. Although the author indicates that “this is not intended to be a text book”, much of the information it contains seems well suited to being quoted in more formal publications. While not everyone will agree with all its advice and proposals, both those who nod in approval and those who shake their head, would find it hard to deny that it offers a ‘good deal of thought’, however defined. Arthur Kaufman, independent writer and speaker
www.CCRMagazine.co.uk 49
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