A latest study by Coface has shown that, despite the solid position of the German economy and the decline in the number of corporate insolvencies, delays in payments are still commonplace. However, they have become less frequent when compared to the results in 2016. By international comparison, these delays are generally shorter in Germany. As…

Administration notices have been issued and advertised in the London Gazette for the following companies: AIR EXPRESS TRAVEL & TOURS (UK) LTD ALMOND SOLICITORS LTD BCUK TRADING LTD BIOEDEN LTD BOREHAMWOOD SUPPLIES LTD BRITANNIA FORK TRUCKS LTD C G WRIGHT ENGINEERING LTD C. I. REALISATIONS LTD CHESTER BUILDING SERVICES LTD CLAYS FARM GOLF CENTRE LTD. CLEARTRACK…

Winding up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: 10141715 LTD 2028 X LTD 53 CAPITAL TRADE LTD A F REPROGRAPHICS LTD A-B-A-C-U-S FRANCHISING COMPANY LTD A1 SOUTH LTD ACE SCAFFOLDING SERVICES LTD ACH GROUP MANAGEMENT LTD ACORNFORD ESTATES (NORTHERN) LTD ACQUISITION 395445642 LTD ACTONVILLE CONSULTANTS LTD…

SMEs in the UK are missing out on over £250 billion of cash flow every year due to late payments to SMEs through invoices and associated costs according to a new report by Siemens Financial Services. The report emphasised how integral SMEs are to the UK economy. SME’s growth is being unfairly stunted by large numbers…

Latest government data has revealed that an average of six shops a day has been lost in England and Wales over the past seven years. Between 2010 and 2017, 15,856 shops were either demolished or converted into homes as retailers struggled to cope with the popularity of online commerce. There has been little reprieve under the…

Debenhams Ottaway has launched a new recovery product, DebtFast. The launch includes a dedicated website which contains a wealth of information for creditors and aims to demystify the debt recovery process for businesses. Inspired by the theme of predictable and fixed costs advocated by Lord Justice Jackson, DebtFast not only fixes costs of undisputed debt claims…

The percentage of Scottish companies which report that they are benefiting from at least one sign of growth may have taken a tumble in recent months, according to new research by insolvency and restructuring trade body R3. The indicative research, part of a long-running survey of business distress by R3 and BDRC, estimates that the…

Less than 1% of hotels are now deemed to be at significant risk of going insolvent as the weakened pound as a result of Brexit has helped attract high volumes of tourists to the UK. Data from the Insolvency Service show that there has been an 18% fall in the number of hotel insolvencies in…

Businesses in the construction sector are continuing to suffer from steadily increasing delays for their invoices to be paid, according to online business supermarket Funding Options. Funding Options says that its analysis of 13,213, UK construction businesses shows that they now face an average wait of 69 days for their invoices to be paid in…

Research reveals internal processes and a lack of automation are top causes of late payments to suppliers, above cash flow constraints. Slow internal processes and a lack of automation are among the biggest challenges for businesses when it comes to paying their suppliers on time, according to new research by Tungsten Network and the Institute of…

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