Credit, Collections & Insolvency News
Small European businesses based in the UK pay their invoices more than two days faster than their British counterpart according to research by Opal Transfer. The research shows EU businesses based in the UK, are 9% quicker to pay invoices than British owned business. EU firms based in the UK take 18.4 days on average…
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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 15 GREENWOOD PARK LTD 2028 X LTD A & D TRANSPORT LTD A C MORRIS BUILDERS LTD A STAR DRIVERS LTD ACORNFORD ESTATES (NORTHERN) LTD ACURATE SECURITY SERVICES LTD ADD A ROOM LOFTS LTD…
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The Credit Services Association (CSA) has urged members to start preparing for the government’s decision to ban additional charges for certain future card payments. From 13 January next year, businesses, including CSA Members, will no longer be able to charge surcharges for certain card transactions, but will still face the costs for processing card payments.…
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The latest results Insolvency statistics from The Insolvency Service for Quarter July to September 2017 (Quarter 3 2017) indicate that total company insolvencies decreased compared with the unusually high level in the previous quarter when a large number of connected personal service companies entered liquidation. When the statistics are compared with last quarter’s underlying numbers,…
Read moreCredit management software suppliers, OnGuard and Credit Tools have they announced that they have completed their merger. The companyies have announced that the new company will be calledOnguard. In addition to a cosmetic change, the newly created company will create a software platform in which customers can resolve all issues which arise within the order to cash chain.…
Read moreNearly 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…
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