Credit, Collections & Insolvency News
Nearly half (44%) of SMEs have never checked their company’s credit score, according to research from RateSetter Business Finance. Credit scores are used by lenders to determine whether businesses have a good track record of repaying debt, and are therefore one of the key factors affecting an SME’s ability to get a loan. Credit reference…
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Construction specialist, Aggregate Industries, has secured a Aecus Automation Award for a robotic process automation project with Rimilia. The Awards were presented by Paul Morrison, Managing Director from Aecus at the Hackett Group’s Best Practice Conference on in London. Robotic process automation, or RPA, is Robotic Process Automation (RPA) is the application of technology that…
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New Government figures show that less than half of eligible English councils have begun allocating their share of the £300 million business rates hardship fund launched six months ago. Sixteen English councils have not implemented any of the three business rates relief measures announced by the Chancellor at the Spring Budget. The area worst affected…
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Debt owed to suppliers across key UK business sectors has risen by 95.4% to £962 million between July and September 2017, eclipsing the 1.5% rise seen at the end of Q2. Bad debt owed to companies also increased by 12.2% to £247million, up 55.6% since the start of the year. This signals a worrying trend…
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Winding up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: 12 PROPERTY RENTALS LTD 19 RM LTD 19/9 194F LTD 1ST BASE PROPERTIES LTD 20/20 BEEF LTD A & I CHILDCARE LTD A & M LONDON DEVELOPMENTS LTD A J CONTRACTS (WHITSTABLE) CONSTRUCTION LTD A STAR DRIVERS LTD…
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New research has found that 65% of businesses embrace fintech. Business finance company MarketInvoice surveyed UK businesses on their awareness and adoption of fintech (financial technology) products and services. 77% of UK businesses are aware of fintech products and services and two-thirds (65%) have adopted at least one fintech application, with a fifth (19%) taking…
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Businesses trading in the Americas have been warned about potential payment delays in a new report by trade credit insurer Atradius. The Atradius Payment Practices Barometer is an annual research report into the payment behaviours of global businesses and was prepared ahead of the recent natural disasters that have severely impacted parts of the region.…
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Bottomline Technologies has become a Corporate Partner of the Chartered Institute of Credit Management (CICM). Bottomline Technologies help businesses pay and get paid. The technology and software company has a strong focus on business payments, Direct Debit and cash management, and document automation. Philip King, CICM Chief Executive, is happy to welcome the company as…
Read moreMoore Stephens has announced that has become a Corporate Partner of the Chartered Institute of Credit Management (CICM). The company has a network of offices throughout the UK. Its clients range from individuals and entrepreneurs, through to large organisations and complex international businesses. Brendan Clarkson, Head of the National Creditor Services team at Moore Stephens…
Read moreWinding up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: 4WORLD DESIGNS LTD A & D TRANSPORT LTD ACCOUNT CONTRACTORS LTD ACKROYD STREET WORKING MENS CLUB AGM DEVELOPMENTS (CARLIOL) LTD AGRA LTD AKA CONSTRUCTION LTD ALAN EDWARDS LLP ALLAN LORD ELECTRICAL LTD ALLECO LTD ANZ GENERAL SERVICES LTD…
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Late payments remain a persistent issue globally nearly a decade past the 2008 crisis, but the long-term outlook is optimistic. A 3% improvement in the cash-to-cash cycle of UK companies has released £8.8bn previously tied up in working capital, according to Grant Thornton’s latest UK Working Capital Survey. Individual businesses, not just the economy benefit…
Read moreCreditsafe has published a Credit Worthiness Premier League table. The research has revealed that Chelsea is set to be relegated from the 2017 Premier League – if the final standings were based on company credit ratings. Despite having a turnover of over £335million, the football club finds itself with the third worst credit score in…
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Marston Chief Executive, Gareth Hughes, has won the Transformational Leader prize at the London & South EY Entrepreneur Of The Year awards in London. The EY Entrepreneur Of The Year programme, now in its 31st year globally and 19th in the UK, celebrates men and women that are building and leading successful, growing and dynamic…
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