Trade credit insurance specialist Euler Hermes has warned that future export market may prove to be a bad debt risk after Brexit. The findings come from Euler Hermes annual Collection Complexity Scores and Rating report, which measures the challenges of international debt collection procedures in 50 of the largest economies involved in global trade. The report…

New research by Moore Stephens has shown that restaurant insolvencies have risen by 20% in the past year. The research shows that restaurant businesses insolvency jumped 20% to 984 in the last year, up from 825 in the previous year*. The figures come on the back of one of Britain’s biggest sandwich chains, EAT, announcing this…

9% of UK clothing retailers currently exhibit early warning signs that they are at risk of going insolvent according to latest research by Moore Stephens Out of 35,078 fashion retailers analysed, 6,580 are showing early signs of financial distress, which can include a large fall in revenue and poor payment history. Falling consumer spending and increased…

It is estimated that there could be over £25 million worth of fraud being perpetuated by businesses falsely claiming Small Business Rates Relief across England, according to data analytics specialist Destin Solutions. Small Business Rates Relief (SBRR) is provided to a number of businesses across England on the basis that they either only use one property…

Business finance company MarketInvoice has announced a partnership with credit trade specialist Euler Hermes. The agreement will see Euler Hermes provide credit insurance policies to customers of MarketInvoice in safeguarding their businesses. With Euler Hermes credit insurance, MarketInvoice customers who use invoice finance solutions will have the assurance that they are protected in the event…

The Government’s focus on increasing tax through VAT is creating cash flow problems for businessesaccording to new research from Funding Options. Businesses are normally required to pay the VAT they owe once they invoice customers, rather than after they receive payment for their services. Corporation Tax, on the other hand, is only charged once a…

Equifax has launched a new solution to support the government Commercial Credit Data Sharing (CCDS) initiative seeking to stimulate competition and encourage new entrants in SME lending, thereby addressing the shortfall in access to finance. The new Equifax solution gives lenders a comprehensive picture of a businesses’ financial health to facilitate faster and more informed…

Winding up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: 09232408 LIMITED 1FILM UNIT LIMITED A & A TRANSPORT (CANNOCK) LIMITED A HAPPY CHEF LIMITED A LA CARTE MANAGEMENT LTD A S SITE PREPARATION LTD A.I.M.S SUPPORT SERVICES LIMITED AAC AIR CONDITIONING AND REFRIGERATION LTD ACCELERATE DIRECT LTD…

Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies: 05655331 LTD 07763245 LIMITED A & L ELECTRICAL LTD A M W NORTH EAST LTD A MELIA TRANSPORT LIMITED A. W. BYRNE (CONTRACTORS) LIMITED A.I.M.S SUPPORT SERVICES LIMITED ABC PRODUCTION SERVICES LIMITED ACCELERATE DIRECT LIMITED ACTIVE START…

The Government’s BEIS Select Committee has launched an inquiry into SME Finance supply chain bullying and small business productivity. Commenting on the launch, Stephen Pegge, Managing Director of Commercial Finance at UK Finance, said “SMEs play a key role in driving innovation, productivity, employment and economic growth across the UK which the finance sector is…

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