You’d have been hard pressed to ignore news that construction giant Carillion has entered liquidation, but you’d be forgiven for not monitoring its immediate impacts very closely. In fact, the story of Carillion is just the tip of the iceberg, with a further number of businesses entering insolvency[...]
It’s been hard to make sense of the UK Government’s Insolvency Statistics throughout the last year. The figures are skewed due to changes in legislation regarding claimable expense rules which have forced large numbers of companies into insolvency. The impact of these changes amounts to 1,796[...]
In a recent report released by the Office for National Statistics, it was revealed that the UK has seen the strongest two quarters of productivity growth since the financial crisis, almost ten years ago. The statistics found that output per hour rose by 0.8% in the three months to December 2017,[...]
Global credit insurer Coface has predicted that the UK will see around a 10% increase in UK insolvencies throughout 2018. During their annual conference on country and sector risks, Coface also advised that Global trade made a leap of +4.4% in 2017. It was also revealed that only 13 countries ended[...]
You’d have been hard-pressed to miss the news about Carillion, but you might easily have missed the news about its domino impact. Read more on our latest LinkedIn article.
The Bank of England recently revealed that rate rises should be expected earlier and will be larger than previously thought. The bank indicated that the pace of interest rate could accelerate if the economy remains on its current track.
Major business outsourcing company, Capita has suffered a fall in shares for the first time in 15 years following a number of profit warnings. The company manages a number of important services in the UK including London congestion charges, Jobseekers Allowance and it even collects the TV license[...]
The collapse of Carillion this January has put thousands of suppliers, sub-contractors and stakeholders at risk. Although The Federation of Small Businesses has called for payment protection to ensure suppliers are paid, the second largest construction firm in the UK still owes roughly £800m, with[...]
Many businesses have been rocked in the last four weeks, by news that the parent company of Poundland, Bensons for Beds and Harveys, among other global brands, is under criminal and tax investigation, and is being forced to resubmit its books. Read more on our latest opinion piece on LinkedIn here.
With inflation reaching a five-and-a-half year high in October 17, and Bank of England Governor Mark Carney communicating that it is expected to peak early this year, the weakened pound and resulting rising costs have put pressure on the UK high street and worked their way into consumer back[...]
