New research by Coface has predicted that the number of insolvencies is expected to rise across Europe in the second half of 2020, and in 2021. Germany, the least affected country, is still on track for a 12% increase in insolvencies between end-2019 and end-2021. France (21%) and Spain (22%) will be more affected by…

Payment delays in Asia have increased, according to new economic research by leading trade credit insurer Atradius. The company’s Payment Practices Barometer measures the changing pattern of payment behaviour in B2B trade. In a survey conducted in March this year, Atradius found that businesses in Asia reported more than half (52%) of B2B invoice payments…

Latest figures from the Registry Trust indicate that the number and total value of judgments registered against Irish businesses more than doubled in Q1 (January-March)  2020 compared to the same quarter last year, The figures show that Irish businesses owed €3,826,317 in Q1 2020, a rise of 134% compared to the same period of 2019.…

The number of unpaid UK business invoices has increased by 23% according to new tracker by AI platform provider, Sidetrade. Sidetrade’s tracker is based on a statistical analysis of 26 million invoices, representing €54bn of business to business transactions with the payment behaviour of over 3.7 million businesses is tracked week by week. The company…

Dun & Bradstreet has published its country insight report into the United Kingdom, which looks at the adverse effects of the coronavirus on the country’s business environment. The report has downgraded the UK’s country risk rating by two quartiles to DB3b (a new all-time low) as the coronavirus pandemic continues to adversely impact opportunities for…

Order-to-cash solution specialist Onguard has been acquired by Visma Group. Onguard joins the family of well-known Dutch brands in the Visma Group, including Visma Connect, Visma Raet, ProActive, Visma Idella, PinkWeb, HR2day, Dotweb, VerzuimSignaal, PlusPort, Circle Software, and Visma Roxit. Based in Amsterdam, Netherlands, Onguard is a European market leader in cloud-based order-to-cash solutions, providing…

Over two-thirds of UK SMEs (69%) have reported significant pressures on their cash levels according to latest insights from business lender MarketFinance. This is in large part down to businesses paying for supplies earlier than anticipated because of coronavirus-related stockpiling and fears of deeper disruptions to transport (road, air and rail) linkages. Additionally, on orders…

International debt collection specialist Atradius Collections has appointed a new Country Director for the UK and Ireland. Yvette Gray has taken the helm at Atradius Collections – a business she helped bring to the UK 13 years ago. With industry experience built up over nearly three decades,  Gray has been trade credit insurer Atradius since…

Overseas businesses who bought goods and services from UK companies in 2019 paid more invoices late and took longer to settle their bills. The latest MarketFinance Business Insights1 examined over 11,000 invoices to these businesses to understand the trading relationship between UK businesses and the UK’s top ten trading partner countries2 (United States, Germany, Netherlands,…

A new insight report by trade credit insurer Atradius has highlighted the risk in the North American markets,. The country report focuses on the United States, Mexico and Canada (USMCA) region, detailing the political and economic landscape alongside an insolvency forecast and performance outlook into key industries. Within the report, Atradius highlights the slowdown in…

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