Credit, Collections & Insolvency News
Hardly a day passes without there being a new report on shrinking manufacturing output, increasing costs to business and fears of an emerging global recession. UK manufacturing activity is at its lowest level since July 2012; sales to the EU have dipped as European purchasing managers look closer to home in Brexit uncertainty; and US…
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One third (33%) of UK businesses are concerned about the potential impact Brexit will have on their suppliers and customers, according to new research from R3, the insolvency and restructuring body. The research, a survey of 1,200 senior business financial decision-makers, carried out for R3 by BVA BDRC, found that 11% of businesses have reviewed…
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The Spectre of a no-deal Brexit is holding back consumer spending according to the latest figures from the British Retail Consortium. The figures show that in September, UK retail sales decreased by 1.7% on a Like-for-like basis from September 2018, when they had decreased 0.2% from the preceding year. This is worse than both the…
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Mental Health UK and Lloyds Banking Group have announced an extension to their charity partnership for another two years. The partnership aim is to raise £4 million by the end of 2021 to expand ‘Bloom’ which supports the mental health of young people. The funds raised through the extension of the partnership will enable Mental Health…
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Rising costs are the greatest challenge facing small businesses around the world, according to the latest Global Business Monitor study from global SME partner, Bibby Financial Services (BFS) and global leader in trade credit insurance Euler Hermes. Findings of the research, based on a survey of more than 2,300 SMEs in 13 countries across Asia,…
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New research from Zopa shows that consumers are becoming increasingly confused when picking the best car finance option to fund their purchase. Nearly half (47%) of those who have recently bought a car with finance can’t identify what type of car finance deal they actually signed up for. Zopa’s research estimates that the average car…
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