Credit, Collections & Insolvency News
The Spectre of a no-deal Brexit is holding back consumer spending according to the latest figures from the British Retail Consortium. The figures show that in September, UK retail sales decreased by 1.7% on a Like-for-like basis from September 2018, when they had decreased 0.2% from the preceding year. This is worse than both the…
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Rising costs are the greatest challenge facing small businesses around the world, according to the latest Global Business Monitor study from global SME partner, Bibby Financial Services (BFS) and global leader in trade credit insurance Euler Hermes. Findings of the research, based on a survey of more than 2,300 SMEs in 13 countries across Asia,…
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Global insolvencies are rising for the first time in a decade with the greatest uptick seen in the UK, reports leading economists at trade credit insurer Atradius. The Insolvency Outlook report by Atradius forecasts business failure rates in developed markets will increase by 2.8% this year – the first rise since the global financial crisis.…
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Small firms are calling on the Government to secure a Brexit deal and come forward with radical policy interventions to arrest a dogged lack of confidence among business owners as new FSB research shows rising costs and uncertainty increasingly taking their toll.Its SBI confidence measure stands at -8.1 in Q3 2019, down more than six…
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The second Commercial Credit & Collection conference has been confirmed as Thursday 23rd January by the organiser Credit Connect Media. The event will once again be hosted in partnership with CVR Global and Aon. The conference will tackle issues across the full life-cycle of business credit and collections. The conference series also aims to provide…
Read moreThe latest Purchasing Managers’ Index data for the service sector highlights the rising risk of a recession in the UK. The drop from 50.6 points to 49.5 points in September, means the service sector is the latest to fall below the neutral 50-points line that divides expansion from contraction. This is only the fifth time…
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In September, Winding Up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: 1 LOVE COMMUNITY C.I.C. 4 SEASONS WINDOWS DOORS & CONSERVATORIES LTD AAM FAST FOODS LTD ABSOLUTE VINTAGE LTD ACTIVESALE LTD ADBASE LTD AFFINITY ELECTRICAL SOLUTIONS LTD ALL STAR LEISURE (GROUP) LTD AMERICAN SWEET WORLD LTD AMIR…
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In September, the following administration notices have been issued and advertised in the London Gazette for the following companies: 06610732 LTD 4MATIC DESIGN & MANUFACTURE LTD ABBEY VIEW HOMES LTD AFAN VALLEY LTD AFX MARKETS LTD ALL STAR LEISURE (GROUP) LTD and other companies ALTON TRANSPORT SERVICE LTD ALTUS SERVICES LTD AMDALE LTD ANDARO LTD…
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Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in September: 101 RETAIL LTD 123 ELECTRIC LTD 19 STATION ROAD LTD 1ST CALL HOMECARE LTD 24 SPICE LTD 316 PIPE SERVICES LTD 3D WINES LTD 3LILIES LTD 9JA UK LTD A & B HOTEL CLEANING…
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In August Winding Up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: 120 HOLLAND ROAD LTD 121 RENTAL LTD 365 GROUP HOLDINGS LTD 3D ACCESS SOLUTIONS LTD A & R GLOBAL SOLUTIONS LTD A C ENGINEERING (SCOTLAND) LTD A&T COMPLETE JOINERY LTD ACOUSTIC FIRE SEAL LTD ACTDRIVE TECHNOLOGY…
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New figures from UK Finance show bank scam victims lost £207.5m in the first six months of this year to authorised push payment fraud – more than £1.1m a day. A total of 57,549 cases were recorded by banks – a 69% rise compared with the same period in 2018. Over the same period, £408…
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More consultation is needed before the Government progresses plans to change how planes are used in airline insolvencies, R3, the insolvency and restructuring trade body, has warned. On Wednesday (25th September) during a ministerial statement on Thomas Cook, the Secretary of State for Transport, the Rt Hon Grant Shapps, said: “Firms need to be able…
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Research from alternative finance provider, Nucleus Commercial Finance has revealed that more than half (52%) of UK SME owners have business ambitions they feel they are unable to fund. According to the latest research, it’s business owners in the capital who are struggling the most to match their ambitions, with over over three-fifths (61%) of…
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