A new trade credit report focused on South Africa by Atradius has highlighted a rise in business insolvencies with an increase of 30% year-on-year to March 2019. With a subdued performance in manufacturing and mining alongside a struggling consumer sector, linked to weaker household spending, it is expected insolvencies will increase further. The report analyses…

Chief Finance Officers (CFOs) are intensifying their focus on cost control, with 58% saying it is a strong priority for the next 12 months, according to Deloitte’s latest CFO Survey. This is the highest level for ten years. Almost two-thirds of CFOs (65%) say their business faces high or very high levels of external financial…

SMEs are least likely to invest in their businesses during the remainder of 2019 according to the latest Global Business Monitor from Bibby Financial Services (BFS) and trade credit insurer, Euler Hermes. The report offers insight into the opportunities and threats faced by SMEs worldwide, based on a survey of businesses across 13 regions, with…

One third (33%) of UK businesses are concerned about the potential impact Brexit will have on their suppliers and customers, according to new research from R3, the insolvency and restructuring body. The research, a survey of 1,200 senior business financial decision-makers, carried out for R3 by BVA BDRC, found that 11% of businesses have reviewed…

Rising costs are the greatest challenge facing small businesses around the world, according to the latest Global Business Monitor study from global SME partner, Bibby Financial Services (BFS) and global leader in trade credit insurance Euler Hermes. Findings of the research, based on a survey of more than 2,300 SMEs in 13 countries across Asia,…

Global insolvencies are rising for the first time in a decade with the greatest uptick seen in the UK, reports leading economists at trade credit insurer Atradius. The Insolvency Outlook report by Atradius forecasts business failure rates in developed markets will increase by 2.8% this year – the first rise since the global financial crisis.…

Small firms are calling on the Government to secure a Brexit deal and come forward with radical policy interventions to arrest a dogged lack of confidence among business owners as new FSB research shows rising costs and uncertainty increasingly taking their toll.Its SBI confidence measure stands at -8.1 in Q3 2019, down more than six…

Small businesses are in urgent need of more government support to overcome a worrying lack of preparedness for a no-deal Brexit on 31st October, according to new research from the Federation of Small Businesses (FSB). In the first UK-wide small business assessment of no-deal preparedness ahead of 31 October, FSB’s research shows that among those…

CCI Credit Management (CCICM) has won the UK Credit Services Association (CSA) Collector Accreditation Initiative (CAI) Award making its the sixth award this year. The latest win was announced at the CSA gala dinner ceremony in Newcastle. The CSA, which represents over 90% of British credit management companies, recognised that all of CCICM’s registered debt…

Businesses in Eastern Europe are conducting significantly more sales on credit to boost their competitiveness in overseas markets, according to a new report by trade credit insurer Atradius. The Atradius Payment Practices Barometer reveals Eastern European businesses transacted an average of 67% of the total value of their sales to domestic and overseas B2B customers…

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