Dragon’s Den “Dragon” Peter Jones reminds us why not taking out a credit insurance policy was one of the worst business decisions he ever made.
Recent figures reveal a 6% rise in new trade credit insurance claims for Q1 2019 from Q4 2018. This is now the highest quarterly level since Q2 2009 totalling 5,114 new claims.
Recent Red Flag Alert research from Begbies Traynor reveals that the number of businesses in ’significant’ financial distress at the end of Q1 2019 reached 484,000.
Up to date information outside of the public domain can help businesses focus their credit and sales resources on the right customers.
Atradius warn that corporate insolvencies in advanced markets are set to rise by 1% in 2019 which is the first increase since 2009.
Credit Insurance helps UK firms survive unpaid debts which are now at their highest level since 2009
Trade credit insurance claim payouts reach £5 million a week as the number of claims increased by 60% in the last year.
The total value of fraud in the UK reached a 15 year high in 2017, but has now more than halved from £2.1bn in 2017 to £746.3m in 2018, according to research carried out by BDO LLP.
Or does it? In April last year we looked at the impact of the collapse of Carillion after 90 days, but how has the situation changed after another 9 months?
With effect from 14th January, the Acumen team previously based in Sale will now be based at 40 Spring Gardens in Manchester City Centre. Find new phone numbers here.
December is the most lucrative month for retailers with Christmas shoppers taking to the streets in their hoards to look for the perfect present for their loved ones.