Credit, Collections & Insolvency News
More than a fifth (22%) of UK business leaders now believe their business to be “extremely resilient”– suggesting organisations in the UK have learned to adapt to the long-term economic turbulence of the last decade. According to Dun & Bradstreet’s Data-Driven Resilience report – which surveyed 3,396 business leaders across 18 countries – three years of pessimistic outlooks…
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Between January 2020 and March 2023, the proportion of clients accessing debt advice who have a car finance debt has risen by 14.8%. In the same period, the average balance of a client’s car finance debt has increased by more than 20%, from £8,077 to £9,705. The charity’s research also found that clients with car finance debt tend to…
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Inflation ignorance and rate confusion is ruining financial resilience according to research by Hargreaves Lansdown (HL) and Opinium. The research found that those who understand inflation are more likely to be financially resilient than those who say they don’t. Those who say they understand inflation, but prove to be wrong, have even lower financial resilience.…
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This summer sees a two-year high for the proportion of seasonal businesses predicting growth for the quarter ahead according to tracking data from Novuna Business Finance. The research reveals that 40% of small businesses that have a seasonal business model predict growth for this summer – a 25% rise on the start of the year…
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