Credit, Collections & Insolvency News
The UK Small Business Commissioner, Paul Uppal is to recommend a traffic light warning system, which will allow small businesses to easily identify large businesses that pay late. New public data analysed for the first time by Lloyds Bank Commercial Banking in partnership with the Small Business Commissioner, analysed official payment reporting returns based on…
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Winding up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: 4SQUARE CLOTHING LTD 60-61 EVERSFIELD PLACE LLP A-Z ACCESSORIES LTD A.M.I.SYSTEMS LTD A1 PLASTICS WINDOWS AND DOORS LTD ABBEY GATE ELECTRICAL LTD ACCALAIDE LTD ACE-BEV LTD ACTIVE LIFE GROUP LTD ACTIVE STORAGE TYSELEY LTD AGE GRACEFULLY LTD AH…
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Administration notices have been issued and advertised in the London Gazette for the following companies: 06132417 LTD ACADEMY CLASS LTD ACCURATE LASER CUTTING (LEEDS) LTD ADVENTURES IN FURNITURE LTD AIR AND CARGO SERVICES LTD ALCHEMY FACILITIES LTD ALMTONE LTD AMICUS FINANCE PLC ANOTHERDATE LTD ATLANTIS ENTERPRISES LTD AVIDEAN LTD BADDOW HOSPITAL COMPANY LTD BARNSDALE HILLS LTD…
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Over one in ten (11%) UK companies is just paying the interest on its debts, rather than repaying the debt itself, according to new research from insolvency and restructuring trade body R3. Only being able to pay the interest, not the original debt itself, is one potential sign of a so-called ‘zombie business’ – a…
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Insolvency specialist, Begbies Traynor, expects corporate failures to continue rising next year, as continuing Brexit uncertainty and the tough high street climate take their toll. Begbies Traynor’s made the prediction as part of their latest results announcement which indicates that profits and revenues were up in the six months to October on the back of…
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Data from the winners and finalists of the second annual Credit & Collections Technology have been collated and are now available as part of a report reviewing the 2018 event. The Awards report highlights the unique and transparent ethos of the scheme by providing graphs, statistics and judges comments which highlight the results. The Awards event,…
Read moreAccountancy firm Wylie & Bisset, has said that the reintroduction of preferred creditor status for HMRC in insolvencies is a regressive ‘stealth tax’ that will ultimately be paid for by SMEs and is simply another way of raising revenue for the government. Preferred creditor status for HMRC was withdrawn in 2003 as part of the…
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New research released by Nucleus Commercial Finance has revealed that 74% of UK SME leaders are fearful about what 2019 holds. The majority of SME leaders have concerns about the impact one or more external factors will have on their business. Brexit leads the way (27%) and is closely followed by: The sudden loss of…
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Trade credit insurer Atradius has published a new economic research report analysing the impact of a potential trade war on the economies of Southeast Asia. With a trade war seemingly escalating between China and the US, Atradius reports that trade across Southeast Asia has already been moderately impacted, with increased risk aversion in international financial markets. However,…
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After ten years of growth (2008-2018), it has been suggested that we may have reached the peak in the global construction growth cycle: 2018 will be the turning point according to Euler Hermes’ unique proprietary data on millions of companies across 70 countries. Growth in this industry should gradually cool down to +3.0% in 2019,…
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New data released by Creditsafe, examining the rate of company failures across 12 UK business sectors, reveals 0.33% of companies in the Hospitality sector failed in Q3 2018. Across the Hospitality industry – inclusive of hotels, restaurants and bars – there were 591 company failures, compared to 330 in the same time period in 2017.…
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The UK’s smallest businesses are facing a bill of £6.7 billion, up from £2.6 billion in 2017 – just to collect money they’re already owed, according to research by Bacs Payment Schemes (Bacs), part of leading UK retail payments authority Pay.UK. This latest research, from the people behind Direct Debit and Bacs Direct Credit, shows…
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Administration notices have been issued and advertised in the London Gazette for the following companies: ACKRILL NEWSPAPERS LTD ADD PRECISION LTD AIR TRAMPOLINE (CARDIFF) LTD AIR TRAMPOLINE (SWANSEA) LTD AJ WAY LTD ALFA ENGINEERING GROUP LTD ANGLIA NEWSPAPERS LTD ASPIRE CRAFTS LTD ATKINSON PRECISION LTD ATLAS BUSINESS INTERIORS LTD AUTILLA LTD BANDERA LTD BENITA FOOD LTD…
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