New figures from the Association of British Insurers (ABI) show that nearly £36 million was paid in insurance claims to small businesses in 2015 equalling 25% of the total claims for the whole year. These claims were due to customer insolvency or late payments and with the growing economic[...]
In March 2016, liquidations of UK companies who were not suffering financially hit a record breaking high.More than 2,000 companies went into voluntary liquidation according to data from Companies House, just before changes to the UK tax rules were brought to fruition in April.
According to a new study from trade credit insurer Euler Hermes, UK-based companies in sectors which are highly dependent on the European market including the chemical, automotive, machinery and equipment sectors will be hardest hit by an EU exit, if new Free Trades Areas (FTA) are not created.
According to market analysis by the Centre for Retail Research, there have been 26 major retail failures in the period since the recession, incorporating 11,220 stores and 138,134 employees. The retail businesses vary widely, from Blacks Leisure in 2008, to Brantano and BHS in 2016, with the[...]
This article is from 2016. Follow the link for more recent information on finance options.
This article is from 2016. Follow the link for more recent information on late payments.
Article from June 2016. Follow the link for more recent information on how to assess your credit risk.
Follow the link for a more recent article late payments.
Update: For a more recent article on the construction sector, click here: Construction sector review 2019
This article from 2016 has been updated. See Insolvency statistics highlight the challenges in managing trade credit risk at a time of uncertainty
