The Specialist Engineering Contractors’ Group (SEC) has suggested 2019 will be blighted by more insolvencies than in the previous year, and are set to top the 3000 mark. In a report in Construction News they are urging Government to deal with "payment abuse and malpractice" and to resolve late payment issues.

The impact of late payment will see many SMEs in vertical supply chains hit most, with payment terms of 60 days not uncommon, extensions beyond this often in contract terms, and abuse of those terms prevalent. The SEC has drawn up four action points it thinks will help to…

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If you have clients in Greece, then there is some 'official' good news! For the past few years The Channel Partnership has been able to secure credit insurance cover for exporters to Greece. But the European Commission has formally announced that, from January 1st 2020, Greece will formally be placed back on the list of "marketable risk" countries for short-term export credit insurance.

It has always been our objective to review your clients and help you protect against non-payment of debts through export credit insurance – and Greece has been no exception. This announcement should increase the availability of credit…

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If you run a business, it goes without saying that you will always be looking for ways in which to promote its growth. This might be through entering into new markets, taking on new clients, or simply expanding your team.

But for many businesses, the main obstacle to growth is acquiring additional business finance. As this can often be the deciding factor for expansion, finding the most effective way to secure finance is critical. Some businesses may be struggling to secure funding from lenders, as they have high-risk clients on their books or operate in unstable markets.  

Here at…

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More trade credit insurance policies are being taken out, says Reuters, revealing that insolvencies across the UK are at their highest level in five years. Government figures indicate an increase of 12% in insolvencies in the second quarter (2019) compared to a year earlier.

Many companies are concerned about the impact of Brexit and potential collapse of supply chains, prompting a spike in the purchase of trade credit insurance; the most since the 2008 financial crisis, demonstrating that many are feeling uneasy about the current political uncertainty.

UK insolvencies are expected to “rise by 15% next year under a…

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While we’re seeing a real appetite for business growth along our clients, the national trend for business insolvency is up – with the UK facing the highest rate in Western Europe. This is putting pressure on supply chains – and customers that already have weak-performing businesses are proportionately more likely to go bust.


We’re seeing an increase in claims that reflects the rise in insolvencies of nearly 9% in the first half of this year. A number of factors have combined to exacerbate the UK’s problems, including the second extension of Article 50 that not only created trading uncertainty…

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Menswear giant Moss Bros Group plc was the subject of whispers recently when industry pundits suggested the company ‘announced’ that its credit insurance would be cut by insurers. 

Within hours the reports had been pulled from the websites listing the news (links to which appeared in Google’s results) which has created further speculation about how Moss Bros views credit insurance.

If Moss Bros themselves quashed the news, then it indicates the importance they place in credit insurance cover being “seen” to be in place, regardless of which suppliers were actually insured.

Insurers play a vital…

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UK firms must be diligent over offering credit to Irish firms.

Tom Rolfe says that the ‘wrong’ Brexit deal would have an impact on the Irish economy, which in turn would affect Irish companies that are financially weaker or that operate in markets highly dependent on exports to the UK.

“Some credit insurance experts have suggested all Irish companies will be affected by Brexit, but we think this is overly negative. However certain companies will be more vulnerable depending on a range of factors, such as their reliance on trade with the UK market and their financial resilience. Insurers keep a close eye on gearing, financial…

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We are absolutely delighted to have had a UK Export Finance case study developed to explain how we work together to manage the risks of exporting.

The case study details important information about exporting trade on open credit terms as well as trading with foreign markets and how to find the right credit insurance.

Read the full case study here.

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The end of January saw the release of the Q4 2018 insolvency statistics, published by The Insolvency Service. According to the release, the year closed with the highest number of insolvencies in 12 months since 2014. The numbers have been creeping up year on year; each year since that low point in 2014 has seen an increase on the previous year and all of the research from the credit insurers shows that 2019 insolvencies are expected to be up on 2018.

The sectors currently seen as the highest risk are construction, retail and food & drink though manufacturing and pharmaceuticals…

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According to analysis by market insurer Atradius, a no-deal Brexit will cause short-term uncertainty, is likely to push inflation higher and will create trade frictions. This, according to their report, will supress the UK GDP and may push businesses insolvencies in the UK up by 14% when compared with an ‘smooth transition’ exit with an agreed deal. No deal will also affect the EU27 countries who will see a fall in GDP, but it will of course be much lower than in the UK market at an estimated 0.5% higher than with a deal. The effect on EU27 is still…

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