The report from the Association of British Insurers (ABI) released earlier this month focuses on 2018 Q1 figures. The data clearly reflects the tough times being felt by many UK businesses, with the number of trade credit insurance claims received up 50% to 3,966, the highest number of new claims since Q3 2009. The value…
ARGENTINA RETURNS TO THE IMF TABLE IN A BID TO STRENGTHEN PROGRAM OF GROWTH
The overall economic position for the first quarter 2018 highlights the significant impact of debt owed to UK companies with an incredible increase of 367.9% a rise of £580m on Q4 2017.
This weekend will mark the 90 day anniversary of the collapse of Carillion and while we have seen some insolvencies the predicted catastrophic wave of insolvencies hasn’t materialised yet.
CHINA: HOLDS UP GDP GROWTH TARGETS THROUGH TIGHT CONTROL AND SUBSTANTIAL INTERNATIONAL RESERVES
At the moment it seems like every time you turn on the TV or listen to the news there is another well known company announcing it is going in to a CVA. Prezzo, New Look and Carpet Right to name a few have all used or are using CVA’s to restructure their businesses in a…
The Times article ‘Increased strain on supply chain highlighted by insurance payouts’ (16th March 2018) focuses on payments made by Credit Insurers in 2017, equating to £4.3 million per week. Figures supplied by the Association of British Insurers (ABI) for 2017, demonstrated a 7% increase on 2016 and the highest since 2009. Last year saw…
In recent weeks, several high street restaurants have either undergone or are in the process of restructuring to manage their growing debts to creditors.
A ROCKY TIME AHEAD FOR CONSTRUCTION WITH INSOLVENCIES EXPECTED TO RISE 4-5% IN 2018
Businesses advised to consider credit insurance as part of their bad debt strategy due to an increasingly uncertain trading environment.