Businesses are set up by entrepreneurs who, by definition, are willing to take risks. As those businesses move forward and become more successful, business owners look to manage those risks, either by internal process, external insurance, or a combination of both.
Corporate insolvencies soar in Q1 2022 Corporate insolvencies in England and Wales jumped to 4,896 during the first quarter of 2022 to reach the highest level recorded since 2012 according to figures released at the end of April by the UK Government’s Insolvency service. This figure is a 6%[...]
UK corporate insolvencies are set to increase in 2022 and are forecast to be 33% higher than in pre-pandemic 2019 according to the specialist credit insurance company, Atradius1. At the same time, research conducted by Specialist Risk Insurance Solutions highlights that the risk of economic[...]
The UK Government insolvency statistics for Q4 2021 were released on 28th January 2022 and show an increase in corporate insolvencies across most industries in 2021 relative to 2020. Compared to Q3 2021, the number of corporate insolvencies increased by 19% and they were 51% higher compared to Q4[...]
The UK Government insolvency statistics for Q2 2021 were released on 29th October and show the long expected increase in company insolvencies. The figures for England and Wales showed a 17% increase in insolvencies compared to Q2 2021 and a 43% increase compared to Q3 2020. This rise was[...]
Many businesses will welcome the likely unlocking of Covid restrictions from 21 July. There have been some signs of recovery already. In May the OECD was predicting the UK economy will grow 7.2% in 2021.
Retailers have written to the Government asking that its Trade Credit Reinsurance scheme, due to close on 30 June, is extended.
As we reported recently, the Government’s £10bn Trade Credit Reinsurance Scheme will close on June 30, 2021 – and this has now been confirmed by the Government and the Association of British Insurers (ABI).
It has undoubtedly been a turbulent time for the majority businesses, and we’re not out of the woods yet. But The Channel Partnership is seeing clear signs that the credit insurance market is recovering confidence.
The construction sector contributes around 7% of the UK’s GDP – more than £110bn – and supports more than 2.4m UK jobs. Back in October the sector signalled some positivity, especially in the residential sector, where the UK stamp duty cut was contributing to an increase in new orders at the[...]