In Reference Appointments & Updates
Marston Holdings has announced that Gordon Hurst has joined the business as group chairman. He is also chairman of Featurespace and a special adviser to HgCapital. He said: “Marston Holdings is highly professional, with a clear focus on ethics and compliance. It
has a well-defined vision that is centred on the evolving needs of its clients, and I am delighted to have joined the team.” Chief executive Gareth Hughes added: “Gordon’s background and experience will be invaluable
as we extend the range of services we provide to our central government, local government and business clients.”
Richard Reynolds, head of regional
brokered sales, said: “Despite the challenges, payment delays are not expected to increase for the time being and insolvencies are not expected to show a major increase.”
Young, often single, parents are the most likely to become insolvent, according to analysis by Experian. The research found that ‘new parents in need’ continues to be the group most likely to experience serious financial difficulties in the country, with 10 insolvencies in every 10,000 households in the third quarter (July to October) of 2016. They are typically bringing up young
children in social housing and facing considerable disadvantage. This group of ‘just about managing’ families is barely scraping by financially and has the greatest difficulty accessing and managing credit, often relying on high-cost borrowing and unofficial doorstep lenders. They tend to be based in parts of major English cities such as Nottingham, Sheffield, Manchester, Liverpool and in the Teesside area. Experian’s Jonathan Westley said: “It is
encouraging that the overall rate of personal insolvencies is falling across the UK. However, our analysis shows that young parents in particular are finding their finances are being stretched to the point they need to file for insolvency.”
Nearly half a million young people are struggling to cope with the cost of running their mobile phone, according to research from National Debtline, run by the Money Advice Trust. Findings from the charity’s Borrowed Years
research, based on a survey of 2,042 18 to 24 year olds conducted online by YouGov, revealed a significant minority of young people are struggling to meet mobile phone bills, with some missing payments and turning to borrowing to cover the cost. Chief executive Joanna Elson said: “A
mobile phone is often one of the first financial commitments that young people take on in their lives, and the vast majority will do so without any problems whatsoever. However, for nearly half a million 18 to 24 year olds, keeping up with the cost of running a mobile phone is a real challenge.”
Tinubu Square has appointed Alain Danan as group marketing director. CEO Jerome Pezé said: “It is a real
bonus for the company that we were able to attract someone with the calibre of Alain Danan. His insight and proven ability to conceive and implement a strategic, international marketing programme is essential to the next stage in our growth. Alain understands that we must make our presence felt in new territories and markets
Gordon Hurst
and to do that we must strengthen and create relationships with industry partners and influencers. He will be in control of that moving forward.”
Shoosmiths has appointed David Farnell to the firm’s new office in Leeds as a partner in the firms recoveries services group. Roger Potgieter, a partner in the asset
finance team, said: “We are pleased to welcome David into the asset finance team in Leeds as part of the strategic development of the team nationally. David brings a wealth of experience and knowledge in asset finance and banking litigation that will serve to grow key relationships nationally and in the Leeds market as well as supporting the asset finance team’s ambitions in the North of England.”
Flender has launched a crowdfunding campaign for a new platform that enables users to borrow and lend money in both the traditional peer-to-peer market but also with their own social networks. The campaign, launching on the Seedrs
platform, is aiming to raise £500,000 in exchange for 10% equity in Flender. Kristjan Koik, managing director, said:
“The social-lending market among friends, family and business connections has never been formalised, which is crazy.”
The council of FECMA has elected their new board at the council meeting held in Moscow, Russia. Josef Busuttil of the Malta Association of Credit Management becomes president, Ludo
Theunissen of the Belgian Institute of Credit Management and Philip King of the Chartered Institute of Credit Management have become vice presidents, and Jan Schneider-Maessen of the German Association of Credit Management has been appointed as treasurer. Mr Busuttil said: “One of the main concerns of people managing businesses in Europe is late
Josef Busuttil
payment, despite several initiatives of the European Commission in this regard. It is my intention, as FECMA president, to promote best practices in credit management and to lobby for a better credit environment in Europe. Educating and setting high standards in the field of credit management should result in better cashflow and long-term profit for the European business community.”
January 2017
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