SME’s have been the hardest hit by ‘Significant’ financial distress with an increase of 26% in Q2 2017, the highest rise in 3 years.
Global major insolvencies rose by 68% in the first quarter of 2017, according to a recent economic outlook by Euler Hermes.
The new Debt Pre-Action Protocol comes into force on 1st October describing the conduct expected from the courts prior to proceedings.
We are delighted to welcome Abigail to the team who joined Acumen Credit Insurance Brokers in July 2017 as an Account Executive.
A recently filed report for creditors of Tangent Office Furniture has revealed that unsecured creditors of the business could lose out on almost £1m.
79,000 businesses (4%) in the UK have said that they won’t be able to repay their debts if interest rates were to rise even by a small amount.
New figures by the Association of British Insurers reveal that trade credit insurers paid UK businesses an average of £4m per week in claims in 2016.
The new UK Insolvency Rules, which will affect creditors’ rights in the majority of insolvency procedures, come into force today.
Thank you to everybody that attended our Manufacturing Seminar “Technology Trumps Brexit – the real challenges facing manufacturers”.
We welcome Donny Dunbar, Andy Geraghty and Adam Smith to the Marlow and Manchester Acumen offices .