New year, new approach to late payments
As we embark on a new calendar year, it is a great time to take stock on how you manage late payments – and how you can better avoid them.
11 Jan
04 Jan
UK Government reinsurance scheme extensed into 2021
Update 3 January 2021: This article was originally posted on 16 December, and the Government has since confirmed the extension until 30th June 2021.
23 Nov
Top tips to avoid slow payments
Chasing slow paying clients is a burden that all businesses share at one point or another. Out of control accounts put a huge pressure on a business’s cash flow, particularly for Small and Medium Enterprises (SMEs). The Federation of Small Businesses (FSB) has released data that shows that around[...]
16 Nov
Insolvency statistics highlight the challenges in managing trade credit risk at a time of uncertainty
The latest Insolvency Service figures released on 30 October 2020 show reductions in corporate insolvencies but mask the true state of the country’s business sector. The Q3 insolvency statistics show that there were 2,672 company insolvencies in Q3 2020, down by 9% on Q2 2020 and down by 39% on Q3[...]
10 Nov
5 ways to protect your business during times of uncertainty
Uncertainty may well prove to be the bi-word of 2020 – in our personal as well as our business lives. The pandemic and Brexit have combined to make us all wonder what we’ll be waking up to each day; what our ‘the new normal’ of the hour will be.
14 Sep
Significant spike in UK insolvencies is forecast
It will be of little surprise that the number of UK and global insolvencies is set to increase in 2020, as the effects of Covid-19 continue to bite.
11 Sep
Proof that the Government reinsurance scheme is working
The UK Government’s £10bn Trade Credit Reinsurance Scheme formally went live this week, with most (but not all) trade credit insurers signed up.
31 Jul
Which insurers will sign up to the Government’s formalised backing?
In June we updated you about the proposals for the formal backing by the UK Government of trade credit insurers. The Government has announced that terms have now been agreed with insurers, and the European Commission gave its approval to the scheme on 29 July. But it is becoming clear that not all[...]
10 Jun
Latest news on Government backing for UK credit insurance
The formal backing by the UK Government of trade credit insurance is certainly great news for clients of The Channel Partnership. We’ve been looking at the detail and while the £10 billion in Government support will relieve some of the pain brought by the COVID-19 crisis, it’s something of a bitter[...]
04 Jun
Government formally announces trade credit insurance backing
The UK Government has today announced its formal backing of trade credit insurers with £10 billion in Government guarantees. [Read our update July 2020 update on the scheme