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Debt Services (Commercial & Consumer) Market Update 2014 Product Image

Debt Services (Commercial & Consumer) Market Update 2014

  • ID: 2754509
  • January 2014
  • Region: United Kingdom
  • 111 Pages
  • Key Note Publications Ltd

FEATURED COMPANIES

  • Bcw Group Ltd
  • Churchwood Financial Ltd
  • Cleardebt Group Plc
  • Debt Advisory Line Ltd
  • Fairpoint Group Plc
  • Gregory Pennington Ltd
  • MORE

This Market Update examines the key aspects of the UK market for debt services. The debt services industry revolves around both the management and collection of debts and the companies set up specifically for this purpose. The Update includes details of lending to individuals — including consumer credit and loans secured on dwellings — as well as to leading corporate bodies, such as financial corporations, non-financial corporations, unincorporated businesses and non-profit-making organisations (NPOs). This builds up a picture of the indebtedness of the nation as a whole.

The debt services industry is split into two distinct sectors: debt management and debt collection. Debt management firms work for indebted companies and consumers to liaise with creditors and try to bring a resolution to debt issues; in the consumer sector, this includes using solutions such as individual voluntary arrangements (IVAs) and debt relief orders (DROs). Debt collection firms, on the other hand, work for the creditors to recover unpaid debts.

The debt services industry is in the almost exclusively unique position of being able to profit from periods of economic hardship. Unemployment READ MORE >

FEATURED COMPANIES

  • Bcw Group Ltd
  • Churchwood Financial Ltd
  • Cleardebt Group Plc
  • Debt Advisory Line Ltd
  • Fairpoint Group Plc
  • Gregory Pennington Ltd
  • MORE

Foreword

Executive Summary

Market Definition

REPORT COVERAGE

Consumer Credit Services

Commercial Credit Services

MARKET SECTORS

Lending to Individuals

Other Lending

MARKET TRENDS

Office of Fair Trading Crackdown on the Industry

Household Debt

Individual Voluntary Arrangements

Debt Consolidation Sector in Decline

Payday Lenders

Outstanding Credit Card Lending - Back on the Rise?

ECONOMIC TRENDS

MARKET POSITION

The UK

Overseas

Market Size

THE TOTAL MARKET

BY MARKET SECTOR

Lending to Individuals

Lending to Businesses

THE EFFECTS OF THE DEBT BURDEN

Strengths, Weaknesses, Opportunities and Threats

STRENGTHS

WEAKNESSES

OPPORTUNITIES

THREATS

Current Issues

CRACKDOWN ON THE INDUSTRY

The Office of Fair Trading

New Law to Cap Payday Lending Costs

Department for Business, Innovation and Skills

CHANGES TO THE REGULATION OF CONSUMER CREDIT

DEBT MANAGEMENT PLAN PROTOCOL

PRICE COMPARISON

GOVERNMENT INTERVENTION AND RECAPITALISATION: THE EFFECTS ON THE CONSUMER CREDIT MARKET

POSSESSION NOTICES

INDIVIDUAL INSOLVENCIES

COMPANY LIQUIDATIONS

Forecasts

ECONOMIC FORECASTS

TOTAL AMOUNT OF LENDING OUTSTANDING

FORECAST LENDING TO

FORECAST HOUSEHOLD BORROWING AND DEBT

MARKET GROWTH

FUTURE TRENDS

Upward Trend in IVAs

The Role of Charities and the Public Sector

The Perils of High-Cost Borrowing

Lending to Businesses

Interest Rate Rises

Company Profiles

INTRODUCTION

DEFINITIONS

Turnover (Sales)

Pre-Tax Profit

Profit Margin

Average Remuneration

Sales per Employee

FURTHER INFORMATION

ALLIED INTERNATIONAL CREDIT (UK) LTD

Previous Name(s) and Date(s) of Change

Principal Activities

SIC Code

FINANCIAL PROFILE

Sales

Profits

Employees

Balance Sheet/Ratios

BCW GROUP LTD

Previous Name(s) and Date(s) of Change

Principal Activities

SIC Code

FINANCIAL PROFILE

Sales

Profits

Employees

Balance Sheet/Ratios

CHURCHWOOD FINANCIAL LTD

Previous Name(s) and Date(s) of Change

Principal Activities

SIC Code

FINANCIAL PROFILE

Sales

Profits

Employees

Balance Sheet/Ratios

CLEARDEBT GROUP PLC

Previous Name(s) and Date(s) of Change

Principal Activities

SIC Code

FINANCIAL PROFILE

Sales

Profits

Employees

Balance Sheet/Ratios

DEBT ADVISORY LINE LTD

Previous Name(s) and Date(s) of Change

Principal Activities

SIC Code

FINANCIAL PROFILE

Sales

Profits

Employees

Balance Sheet/Ratios

FAIRPOINT GROUP PLC

Previous Name(s) and Date(s) of Change

Principal Activities

SIC Codes

FINANCIAL PROFILE

Sales

Profits

Employees

Balance Sheet/Ratios

GREGORY PENNINGTON LTD

Previous Name(s) and Date(s) of Change

Principal Activities

SIC Code

FINANCIAL PROFILE

Sales

Profits

Employees

Balance Sheet/Ratios

HARRINGTON BROOKS (ACCOUNTANTS) LTD

Previous Name(s) and Date(s) of Change

Principal Activities

SIC Code

FINANCIAL PROFILE

Sales

Profits

Employees

Balance Sheet/Ratios

INVOCAS GROUP PLC

Previous Name(s) and Date(s) of Change

Principal Activities

SIC Code

FINANCIAL PROFILE

Sales

Profits

Employees

Balance Sheet/Ratios

MARSTON GROUP LTD

Previous Name(s) and Date(s) of Change

Principal Activities

SIC Codes

FINANCIAL PROFILE

Sales

Profits

Employees

Balance Sheet/Ratios

MONEYPLUS GROUP LTD

Previous Name(s) and Date(s) of Change

Principal Activities

SIC Code

FINANCIAL PROFILE

Sales

Profits

Employees

Balance Sheet/Ratios

PAYMEX LTD

Previous Name(s) and Date(s) of Change

Principal Activities

SIC Codes

FINANCIAL PROFILE

Sales

Profits

Employees

Balance Sheet/Ratios

Further Sources

Publications

Government Publications

Other Sources

- Allied International Credit (Uk) Ltd
- Bcw Group Ltd
- Churchwood Financial Ltd
- Cleardebt Group Plc
- Debt Advisory Line Ltd
- Fairpoint Group Plc
- Gregory Pennington Ltd
- Harrington Brooks (Accountants) Ltd
- Invocas Group Plc
- Marston Group Ltd
- Moneyplus Group Ltd
- Paymex Ltd

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