Car giant Toyota has seen its profits fall for the first time in five years. The Japanese firm said that it sold more cars in the year to March 2017 than it had done in the previous 12 months, however higher costs and fluctuations in currency affected their results.
A new report from KPMG has revealed that the number of business failures in Scotland were down during the first three months of 2017. The report also found that the energy sector is stabilising. The data suggested that company insolvencies in Scotland dropped by 19 per cent, to 170, from 211 in the[...]
The creditor of high-end shoe retailer, Jones Bootmakers, is set to miss out on millions of pounds following the retailer’s rescue from administration by private firm, Endless.
Toshiba recently released its third-quarter earnings, one month after failing to meet the submission date for a second time. The company gained a one month extension following an expanding probe into its U.S. nuclear unit, Westinghouse in China. The delay in releasing the earnings caused shares in[...]
I’ve always subscribed to Mark Twain’s quote “never let the truth get in the way of a good story” so it’s always a pleasant surprise when the facts come out in support of the narrative.
An increasing number of UK companies are reviewing their credit insurance options following economic uncertainty triggered by the UK’s exit from the European Union. According to the British Insurance Broker’s Association (BIBA), the UK’s decision to leave the EU is the most immediate challenge for[...]
One of the comments that we frequently come across when introducing the idea of credit insurance to companies who currently carry their own risk regarding non-payment by trade debtors is that credit insurance only covers customers that are a ‘safe’ risk. This stems from a belief that credit[...]
According to figures from Credit Safe, the total value of bad debts issued to UK businesses in 2016 was over £920m. Despite continuing the trend of declining bad debt value in recent years, 2016 saw an increase in the number of bad debts for the first time, signifying a reduction in the value of[...]
Yesterday, Philip Hammond delivered the last official spring budget, outlining strategies and changes to help grow the economy and foster sustainability in preparation for Brexit. The Chancellor announced that £453m will be available for firms who were affected by the increases in business rates[...]
The majority of industry experts believe that the UK’s decision to leave the EU will lead to an increase in the number of corporate insolvencies within the next 12 months. According to a member study by R3, 55% of insolvency and restructuring businesses feel that their finances have taken a hit[...]
