By Mr Bankruptcy
11th October 2021
This October is James Rosa Associates’ 11th Anniversary. During that time a lot has changed in the world. In 2010, David Cameron became Prime Minister in coalition with the Lib Dems and an ash cloud from the unpronounceable Icelandic volcano Eyjafjallajokull grounded every passenger flight in the country. Yet debt was as much a burden then as it is for many today.
Debt levels 11 years ago
Having been through a long recession, 2010 saw the country starting to recover, although the situation remained precarious and growth was slow. The pressure of a recession had taken its toll, leaving many people and businesses managing debts:
And 11 years later?
Over the past 11 years the UK has experienced periods of financial growth but for the past 18 months, with the onset of a global pandemic, the financial situation has been turned on its head; as we come to the end of 2021 we see that:
The figures above suggest some improvements in the personal debts of the UK, and many have seen their day to day routine change, which may reduce their spending. But we shouldn’t forget that over the past 18 months we’ve seen a pause on some debt recovery measures, masking bigger problems lying beneath the surface, both for businesses and for individuals.
The past 11 years have continued to show that the world around us is a force for change. With rising utility bills, the end of furlough, increasing redundancies and an increase in prices, there continues to be a lot of financial uncertainty and insecurity.
To the best of our ability, we can try to manage our financial circumstances but, at times, we may need to weather unforeseen financial storms. Be assured that when the burden become too much, James Rosa Associates continues to be there to advise, support and guide people back to calmer seas.
In fact, we’ve received quite a lot of recognition to date, including: Finalist of the Turnaround Restructuring & Insolvency (TRI) Awards in 2020 and Highly Commended Finalist in the 2019 TRI Awards; winner of the SME News Finance Awards 2019; selected finalist in the Debt Advice Provider of the Year category for the 2019 Collections and Customer Service Award.
We like to think that these awards acknowledge the quality of service we strive to deliver for our clients every day, which also ties in with our mission for James Rosa Associates: “To be recognised as the most trusted source of debt advice and support in the UK with a reputation for excellence and integrity”.
This will continue to be the foundations of the path we take over the next 11 years and beyond.
James Rosa Associates
James Rosa Associates is a firm of debt advisors and debt adjustors. With a supportive and friendly approach, we offer a full range of advice and professional services to individuals and business owners/directors who face unmanageable debt or who are involved in civil or commercial disputes. Our services include:
We are authorised and regulated by the Financial Conduct Authority (FRN665061) to work with clients to produce bespoke solutions to fit their specific circumstances.
Find out if you qualify for a free consultation
If you need to deal with an unmanageable debt, or want to bring a dispute to a swift and cost-effective resolution, contact James Rosa Associates, ring 0845 6807217 or email email@example.com to find out whether you qualify for a free consultation.
Please be advised that all views expressed in these posts are those of the author and not of James Rosa Associates ltd.