Quarter Two Insolvency Statistics 2016
The Insolvency Service has released the insolvency statistics for Quarter 2 – April to June 2016.
Quarter Three Insolvency Statistics 2016
The Insolvency Service has today released updated insolvency statistics for Quarter 3 – July to September 2016.
Modernised Insolvency Rules Published
The Insolvency Service has recently released modernised and consolidated insolvency rules which have been put before Parliament and which will come into force in April 2017. The new rules will replace the Insolvency Rules 1986 and their 28 subsequent amendments, and seek to better represent modern[...]
Businesses stockpiling cash as buffer for ‘Brexit’, could consider credit insurance as an alternative
According to research by Hampshire Trust Bank, almost 45% of businesses now have plans to increase the amount of cash in their business and savings accounts, in a bid to create a ‘cash buffer’ against uncertainty. This represents a 6% increase in businesses worried about uncertainty, with 38% the[...]
The calm before the storm in the UK economy
According to a new report from Euler Hermes, the UK economy is set for prolonged uncertainty which is expected to trigger bouts of nervousness in H1 2017. The resilience of the UK economy following the EU referendum is masking longer term issues that are set to hinder GDP growth, corporate[...]
Global growth remaining too slow to prevent corporate insolvencies
Global growth is too slow to prevent insolvencies from increasing. Insolvencies are expected to rise in most emerging countries in 2016 and in the USA, while decreasing in Western Europe. Worldwide, insolvencies are expected to increase for the first time since the 2009 global financial crisis. Big[...]
Shipping industry facing rough seas
The global shipping industry has been struggling for years according to the world’s largest credit insurer Euler Hermes, and is not likely to change soon, as evidenced by recent examples in the container segment. From January 2016 through to May 2016, insolvencies in the sector rose by more than[...]
UK trade activity for August 2016
The Office for National Statistics has released the UK trade activity for August 2016.
Building firm, The Dunne Group collapses
Scottish building firm, The Dunne Group has ceased trading following severe cash flow issues. More than 500 people have lost their jobs after the firm’s collapse which is based in Bathgate. The closure will affect 200 people in Scotland; however 16 will be retained to help with the closure. A[...]
Swansea and Southampton FC top of premier league payments
New research shows that Swansea City and Southampton are the best Premier League teams when it comes to paying their invoices on time, giving both a good credit rating with suppliers. The research by fin-tech company, Ormsby Street was conducted as many football clubs count hundreds of small[...]