Greece now a more marketable risk for export credit insurance
If you have clients in Greece, then there is some ‘official’ good news!
If you have clients in Greece, then there is some ‘official’ good news!
More trade credit insurance policies are being taken out, says Reuters, revealing that insolvencies across the UK are at their highest level in five years. Government figures indicate an increase of 12% in insolvencies in the second quarter (2019) compared to a year earlier.
While we’re seeing a real appetite for business growth along our clients, the national trend for business insolvency is up – with the UK facing the highest rate in Western Europe. This is putting pressure on supply chains – and customers that already have weak-performing businesses are[...]
Menswear giant Moss Bros Group plc was the subject of whispers recently when industry pundits suggested the company ‘announced’ that its credit insurance would be cut by insurers.
UK firms must be diligent over offering credit to Irish firms.
The end of January saw the release of the Q4 2018 insolvency statistics, published by The Insolvency Service. According to the release, the year closed with the highest number of insolvencies in 12 months since 2014. The numbers have been creeping up year on year; each year since that low point in[...]
According to analysis by market insurer Atradius, a no-deal Brexit will cause short-term uncertainty, is likely to push inflation higher and will create trade frictions.
The Insolvency Statistics from October to December 2016 found that the total number of company insolvencies were higher in 2016 than the previous year. The underlying number of company insolvencies was unchanged in 2016 compared with 2015.
The UK inflation rate fell to 2.1% in December, down from 2.3% in November, according to the Office for National Statistics.
Bristol-headquartered company, Helm Construction has ceased trading after experiencing cash difficulties. The firm which operated mainly within the South West appointed administrators, Opus Business Services on 3rd December 2018.