Monday 23 May 2011

Credit Action releases May Debt Statistics

May 6 2011
Money education charity Credit Action has today released the May debt statistics, a monthly release which details the level of debt in the UK.
Key statistics from the release, which shows month-by-month trends, include:

* CAB deal with 8,004 new debt problems each working day
* 1,392 people are made redundant daily
* 847,000 people have been unemployed for more than 12 months
* £55,870 is the average household debt (including mortgages)
* £29, 843 is the average amount owed by every UK adult (including mortgages)
* £180m is the personal interest paid in UK daily
* £24.88m is the daily write-offs of loans by banks & building societies
* Every 17 minutes a property is repossessed
* £67.90 is the amount it costs to fill a car with a 50-litre tank with unleaded petrol
* £133,200,000 is the daily increase in Government national debt (PSDN)
* £1,156,000,000 is the total value of all purchases made using plastic cards today

Joanna Parsley, Associate Director at Credit Action says, "May's debt statistics show some interesting trends. Although the amount owed by every UK adult has fallen by approximately £30, in light of rising credit card interest rates- which at an average of 19.1% are now at the highest levels seen in 13 years- paying down debt has never been more sensible advice.

"With the cost of petrol rising still and with households experiencing the changes made last month to tax, national insurance and welfare benefits, 2011 looks set to be a year where household budgets are further squeezed."

The full debt statistics can be accessed from the Credit Action web site:
http://www.creditaction.org.uk/helpful-resources/debt-statistics.html

Monday 16 May 2011

Appointment of Administrators - 6 May 2011

B.D. SYSTEMS LIMITED
BENYONS SOLICITORS LIMITED
BMT MARINE & OFFSHORE SURVEYS LIMITED
CITYTEX (U.K.) LIMITED
FPA DEPOSITS 104 LIMITED t/a Falcon Care
KEYS OF STEEL LIMITED
LEEROSE INTEGRATED SYSTEMS LIMITED
SECURE OPTIONS HOLDINGS LIMITED
NU-CAM INTEGRATED SYSTEMS LIMITED
BRIGHTSTAR CONSULTANTS LIMITED
CHARLTON DOORS LIMITED
SECURE BY INTEGRITY LIMITED
MONITORED SOLUTIONS LIMITED
WATCHMAN TRAFFIC LIMITED
P.A.T. SECURITY SYSTEMS LIMITED
SECURE OPTIONS HIGH SECURITY DIVISION LIMITED
SECURE OPTIONS LIMITED
SECURE OPTIONS GROUP LIMITED
THE OMEGA GROUP (UK) LIMITED
RAMORA UK LIMITED
SEDGEMOOR ESTATES LTD

For more information email jarnold@creditman.co.uk

Thursday 5 May 2011

Winding Up Petitions - 28 April 2011

Apr 28 2011
AARDVARK ENGINEERING LIMITED
ASG VISION I P SYSTEMS LTD
BENZ INTERNATIONAL TECH DISTRIBUTION LIMITED
CASHBACKCHIEF LIMITED
CLIMATE SOLUTIONS (LEIC) LTD
DRAGON FEEDS LIMITED
EARLY DOORS PUB COMPANY LIMITED
ECOLOGICAL PARTNERSHIPS LIMITED
GOLDHART PROPERTIES LIMITED
THE GREEN MILE COMPANY LIMITED
HGS CONSULTANCY LIMITED
HOUSTON COX HOLDINGS LIMITED
HURRY CONSULTANTS LIMITED
J2HT LIMITED
LACEMARKET DEVELOPMENT LTD
LCF FRANCE LIMITED
LIGHTHOUSE IFA (NORTHAMPTONSHIRE) LIMITED
LIGHTSPACE PARTNERSHIP LIMITED
MATTY COAN & CO. LIMITED
MCCONNELL-DOUGLAS LIMITED
THE MED LOUNGE LIMITED
MINC INVESTMENT MANAGEMENT LTD
NEXUM (HOLDINGS) LIMITED
NEXUM UTILITIES LIMITED
OAKBUILD GB LIMITED
ONE AIM GROUP LIMITED
PEACOCK PRINT [NORTHAMPTON] LIMITED
REISSING LIMITED
RUSHDEN AND DIAMONDS F.C. LIMITED
TERNDEEN LEASING LIMITED
VIVID BRANDS UK LIMITED
XOU SOLUTIONS LIMITED
LOWICK ROSE LLP
WYNNES MOTOR SERVICES (NUNEATON) LIMITED

Mediocre GDP figures highlight need to nurture fragile recovery

Commenting on the GDP preliminary estimate for Q1 2011, published today by the Office of National Statistics (ONS), David Kern, Chief Economist at the British Chambers of Commerce (BCC), said:

“These figures were mixed and well below the OBR prediction that the economy would grow by 0.8% in the quarter. On the basis of these figures, we reiterate our forecast that in 2011 as a whole GDP is likely to grow by 1.4%, much lower than the OBR’s expectation of a 1.7% increase. There are some positive features in these figures, particularly the 1.1% growth in manufacturing and the 0.9% increase in services. But construction fell sharply for a second quarter in a row and the economy’s overall performance is still mediocre. Total economic activity has only just returned to the levels seen in the third quarter of 2010.

“Given the fragility of the recovery, it is vital for the Government to persevere with policies that support growth, and remove the obstacles that prevent businesses from creating jobs and exporting. For the MPC, these figures reinforce the case for postponing increases in interest rates until much later in the year. It is crucial to avoid any measures that could derail the recovery.”