Through a strategic alliance and the acquisition of a 10% stake in Caple, BNP Paribas Asset Management is providing an innovative platform to offer alternative credit to European small and medium-sized enterprises (‘SMEs’). Caple facilitates access to alternative credit for SMEs, working with international institutional investors to address gaps in the funding landscape by offering…

Small European businesses based in the UK pay their invoices more than two days faster than their British counterpart according to research by Opal Transfer. The research shows EU businesses based in the UK, are 9% quicker to pay invoices than British owned business. EU firms based in the UK take 18.4 days on average…

The UK government needs to kick-start its stalled corporate insolvency reforms in the wake of the UK insolvency framework falling from 13th to 14th in the World Bank’s rankings according to insolvency and restructuring trade body, R3. R3 is warning that with other countries’ insolvency and restructuring frameworks improving, and with Brexit potentially creating barriers…

Credit insurer, Atradius latest report has indicated that nine out of ten suppliers surveyed in Asia Pacific experienced late payment of invoices from their B2B customers over the past year. To protect their businesses from late payments, 33.3% of the suppliers surveyed reported having taken specific measures to correct cash flow. Despite the ongoing deceleration…

Online business lender Spotcap has issued more than €120 million in credit lines to small and medium-sized enterprises (SMEs). Jens Woloszczak, Spotcap Founder and CEO: “We’ve experienced significant growth over the past three years, which is a testament to the fundamental need SMEs have for flexible and accessible financing. With close to 60 percent of…

The next two years will bring significant challenges to UK businesses, many of which may succumb to insolvency as a result. ICAEW conducted a survey of those working with the insolvency and business restructuring sectors* and asked what they felt would be the three greatest threats to British businesses over the next two years, the…

The latest edition of Coface’s annual survey has analysed the payment behaviour of 256 companies in different sectors of activity. The sample of participants covered is 23% larger than for the 2016 edition and includes more export companies. In 2016 payment delays showed an improvement, but in 2017 they are once again on the increase…

In its latest report Brexit: implications for financial reporting, ICAEW’s Financial Reporting Faculty suggests that UK plc should continue to apply internationally-accepted accounting standards if the UK wishes to retain its status as a major global financial centre. However, learning from the experience of the EU and other IFRS (International Financial Reporting Standards) jurisdictions, it…

Businesses trading in the Americas have been warned about potential payment delays in a new report by trade credit insurer Atradius. The Atradius Payment Practices Barometer is an annual research report into the payment behaviours of global businesses and was prepared ahead of the recent natural disasters that have severely impacted parts of the region.…