The UK Receivables sector is showing low levels of fraud and business failures according to new research by EQ Riskfactor which has highlighted the impact of Covid-19 on fraud across Europe and the USA. The report surveyed senior decision-makers from the receivables finance industry across the UK, US, Germany, France and the Netherlands on the impact…

New research by outsourced finance solution specialist, Addition, has found that nearly a third of UK businesses are concerned about surviving the next 12 months. The national survey highlighted the main concerns for small business owners over the next 12 months., showed that surviving without government support is the biggest concern for businesses in the…

New figures released by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) grew by 39% in June 2021 compared with the same month in 2020. In the first half of 2021, new business was 28% higher than in the same period in 2020. The plant…

Latest quarterly figures from the Insolvency Service have indicated that business insolvency numbers across England & Wales were 31% higher than in Q1 2021 and 4% higher than in Q2 2020. There were 3,116 seasonally adjusted corporate insolvencies in Q2 2021, an increase of 31.4% compared to Q1 2021’s figures of 2,371 and a rise…

One in seven shops is lying empty, with the number rising over the last three months even as the economy reopened, new figures from the British Retail Consortium (BRC) and Local Data Company. show. In the second quarter of 2021, the overall GB vacancy rate increased to 14.5%, from 14.1% in Q1. It was 2.1…

New research from Paragon Bank revealed that 54% of UK SMEs have already either met or exceeded pre-pandemic turnover levels, with more than nine in ten feeling positive about their post-pandemic recovery. One in five SMEs (22%) have now exceeded pre-Covid turnover levels, while 31% are now matching pre-pandemic figures. Of those still working towards…

The latest Red Flag Alert research for Q2 2021 has recorded 650,000 businesses in ‘significant financial distress’ – the second-highest distress level ever recorded by this research. However, this number has fallen 10% since the highest recorded number of significantly distressed businesses in Q1 2021 (723,000) by the Red Flag Alert, as the economy has…

County Court Judgments (CCJs) registered against businesses England and Wales fell by 24 percent in the second half of 2021 (H1 2021), compared to the same period in 2020, according to figures released by Registry Trust. The number of CCJs against businesses fell from 46,117 in H1 2020 to 35,228 in H1 2021. The total…

Latest figures from the Registry Trust has shown that the number of decrees against Scottish businesses rose by 36 per cent from 268 to 365 in the second quarter of 2021 (Q1 2021). The total value actually fell by nearly one-third from just under £2 million to £1.4 million. As a result, the average value…

The number of debt judgments registered against Northern Ireland businesses fell by more, down 24 per cent from 353 in H1 2020 to 269 in H1 2021. The total value of business judgments fell by a similar degree, 21 per cent, from £1.2 million to £976,602. As a result, the average value of business judgments…

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