Build UK, a representative organisation for the UK construction industry says that its members are continuing to improve their payment performance based on data submitted under the Duty to Report on Payment Practices and Performance. Build UK began publishing this information just 12 months ago, ahead of the Cabinet Office confirming its intention to take account of payment…

New research from Direct Line for Business has revealed that over the past five years high street businesses have been closing at a rate of four every day as part of the radically changing face of high streets in England and Wales, with shops increasingly being converted into restaurants or takeaways. In 2018/19 two thirds…

UK businesses trade all year round yet more than a quarter (27.4% or £548b) of their revenue is driven by seasonal peaks according to the latest research by MarketInvoice Business Insights, the survey explores their preparedness and challenges in dealing with seasonal demand. Seasonal demand refers to peaks in business activity that correspond to various factors…

The latest Lloyds Bank Business Barometer has shpown that overall business confidence was steady in July at 13%, in line with the average this year, but below the long‑term average of 24%. Trading prospects for the year ahead fell by 3 points to 19%, but economic optimism rose 1 point to 6% Employment expectations rose…

Smart infrastructure solutions company, Costain has been reinstated to the live Prompt Payment Code list. The Chartered Institute of Credit Management (CICM) has acknowledged the group’s real and fast progress to ensure its suppliers are paid in line with the requirements of the code. In a press announcment, Cosatain said “Costain was an early signatory…

New research from Begbies Traynor, the UK’s leading independent insolvency firm, reveals there are now 484,000 UK businesses in significant financial distress with the property, leisure and tourism sectors particularly badly affected. The Red Flag Alert data for Q2 2019, which monitors the financial health of UK companies, found that 14% of all UK businesses…

Latest figures have revealed that there was an increase in Northern Ireland company insolvencies according to latest Insolvency Service figures. The latest quarterly figures show that there were 88 new company insolvencies in Northern Ireland, up 22 on the previous three-month period, but a significant fall on the same quarter of 2018. Of the latest…

The finalists for the third annual Credit & Collections Technology Awards, the UK’s celebration of tech innovators in credit and collections, have been revealed. The Credit & Collections Technology Awards, organised by Credit Connect and hosted at the Credit Services Association’s UK Credit and Collections Conference, brings together credit and collections technology executives to honour the industry’s…

Latest figures from the Insolvency Service have shown that the number of company insolvencies increased in Q2 2019 compared with Q1 2019 this was driven by an increase in creditors voluntary liquidations, Compulsory liquidations, administrations and company voluntary arrangements (CVAs) decreased in Q2 2019 Company insolvencies, in Q2 2019, increased to 4,231 (2.6%) its the highest…

Nearly half (44%) of the UK’s SMEs, equating to 2.5million businesses, are struggling with cashflow as they attempt to prepare for Brexit, according to the latest SME Confidence Tracker from Bibby Financial Services. The report, which surveys one thousand business decision makers on a quarterly basis from across the UK, found that there has been a 6% rise (to 29%) in…