A new European Payment Report 2019, from European credit management services company Intrum, has indicated that an increase in bad debt losses following on from several years of decline means marking that the turning point from a recession may have already passed. Almost one-fifth of those surveyed (18 per cent) believe their country is already…

Access to financing for European small to medium-sized enterprises (SMEs) has been steadily improving as a result of the very accommodative monetary policy of the European Central Bank (ECB), which has improved credit availability and reduced interest rates. This improving access to finance has, however, made European SMEs heavily reliant on banks as an external…

Dun & Bradstreet’s 2019 Global Bankruptcy report has revealed that business failures have declined globally, despite increased economic challenges. However, with global economic challenges on the rise, most regions are forecasted to grow more slowly than in 2018, with the number of business failures forecast to increase in the coming months. Forty-nine percent (49%) of…

In the Asia Pacific region, the number of businesses taking a more strategic approach to credit management is increasing according to new research by Atradius. While global GDP growth is forecast to slow from 3.2% in 2018 to 2.7% this year, global insolvencies are expected to rise 2%.  As an integral part of the global…

North Wales debt recovery agency specialist CCI Credit Management (CCICM) has announced that it has earnt its first prestigious Chwarae Teg FairPlay Employer Award for workforce inclusivity and gender equality. CCICM was awarded top-level ‘Leading’ status by Chwarae Teg – the foremost equality charity in Wales – for diversity best practice in 10 areas of…

A report detailing the major economic and political updates of North American markets has been published by global trade credit insurer Atradius. The Atradius North American Country Report is a free publication for any business that is trading, or seeking to trade, within the region. Richard Reynolds, head of Strategic Accounts for Atradius UK, said…

Credit Insurance specialist Euler Hermes has issued its annual review and forecast of global average Days Sales Outstanding (DSO), based on a sample of 25,000 listed companies across 20 sectors and 36 countries. Days Sales Outstanding (DSO) is a measure of how long it takes companies to collect cash from customers. Euler Hermes’ study shows…

A new report published by Oxford Economics has found that a decade after the financial crisis, bank lending to small businesses has failed to recover significantly. The “Big Business of Small Business” report, launched in partnership with Funding Circle, finds that small business lending makes up a tiny proportion of banks’ overall balance sheets. In the UK,…

The Central Bank of Ireland has published its first SME Market quarterly market report for 2019. The SME Market Report monitors developments in the provision of credit to Irish Small and Medium Enterprises (SMEs) by financial intermediaries. The SME Market Report for 2019 found that: Gross new lending to SMEs declined 1.7 per cent in…

A sharp increase in the number and cost of cyber attacks is the key finding in a study of more than 5,400 organisations across seven countries, commissioned by insurer Hiscox. More than three out of five firms (61%) report one or more attacks in the past year, yet the proportion achieving top scores for their…

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