APPOINTMENTS & UPDATES CCR APPOINTMENTS & UPDATES
Trade credit insurer Equinox Global has announced the appointment of Nick King as head of UK and Ireland. He will be based in London and he will report to Mike Holley, chief executive. Mr Holley said: “Nick’s appointment represents an important step change in
the scale, pace and service quality of our UK business. Nick will bring invaluable experience, particularly of the construction and distribution industries, and his service on the boards of our industry’s trade bodies will bring an important additional dimension to our growing business.” Mr King added: “Equinox is a dynamic and growing business with an absolute
commitment to its clients. I am very pleased to be joining such an entrepreneurial organisation and helping to drive it further forward in the UK market.”
Straetus has signed a master franchise agreement with United Franchise Group (UFG). Straetus is already active in Europe, Russia, the Middle East and, with this step, within the USA and Australia as well. “Straetus considers the USA and
Australia as emerging markets, because of the payment culture of domestic companies. They are becoming increasingly uncertain and, in the absence of a harmonised framework on late payments, payment terms remain a mere contractual issue and the average DSO tends to be high,” said Emile Spruijt, CEO of Straetus International.
YnR Recruit has launched, offering over 40 years’ experience within the consumer credit marketplace including lending and debt recovery. The company will provide key
services in three business-critical areas: recruitment, consultancy, and training. Yasmin Leia, managing director, YnR
Recruit, said: “We understand the difficulties of working with recruitment agencies that really do not understand your business and consequently are unable to select the right candidates, with the right skills and, just as important, with the right personalities to make your investment worthwhile.”
Callcredit Information Group has launched DeviceRisk, which will be immediately available via its fraud and ID solution, CallValidate. Powered by DeviceRisk, the risk
solution from anti-fraud company iovation, John Cannon, fraud and ID director, said: “The increased importance placed on digital identity trust has been the core focus of our strategy; we enable consumers to carry out the types of instant secure interactions that are driving the digital economy.”
Target Group has signed a deal to supply its Bluechip system to Bridging Finance Solutions. Paddy Byrne, CEO at Target Group,
said: “We are delighted to be working with Bridging Finance Solutions. Our system will allow our client to manage its business more efficiently and easily, whilst the customisations we have designed will deliver greater automation and more granular reporting. The flexibility and scalability of our solution will also meet the company’s growth needs as it continues to expand in the years ahead.”
Lowell Group has announced that it has increased the committed accordion on its existing revolving credit facility from £83m to £215m, the accordion being
Nick King, head of UK and Ireland, Equinox Global
subject to balance sheet conditions in keeping with the growth ambitions of the company. Colin Storrar, Lowell Group’s CFO,
said: “We value the continued support of our existing lending partners and are naturally delighted that we have attracted additional funding from our new supporters – HSBC and DNB.”
More businesses are taking matters into their own hands when it comes to tackling late payment, rather than waiting for government intervention, according to new analysis by Lovetts. Confidence to take a stand against
poor paying customers seems to be growing as Lovetts has seen a gradual rise in the number of businesses using the late payment legislation to claim compensation and interest from their customers for overdue invoices. In 2005 just 1% of Lovetts clients
were claiming compensation, now the proportion has risen to 24%. The need for payment appears to be overcoming the fear of damaging client relationships.
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www.geniusppt.com July 2015
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