Credit, Collections & Insolvency News
Almost 115,000 businesses waited an average of 57 days for payment in 2018 with more than 1,000 of these subsequently entering insolvency as a result, according to new data from insolvency specialist Begbies Traynor. The data, which was gathered from more than 1 million debtor day reports since 2011, also revealed that of those 1,000…
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Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies: 06606420 LTD 08141019 LTD 09874619 LTD 209V LTD 21CE INSTALLATIONS LTD 4THOUGHT PRODUCTIONS LTD 5 STAR COMMERCIAL CLEANING SERVICES LTD 8 X 4 MEDIA LTD A & J AUTO SALES LTD A CONVENIENCE STORES LTD A D…
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Winding up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: 06606420 LTD 119 MARYLEBONE ROAD TENANT LTD 3A’S CONSULTANCY LTD 56 EP LTD A & D MAINTENANCE CO. LTD A HERITAGE WINDOW CO. LTD A M PROPERTY MANAGEMENT SERVICES LTD A W CLEAVER HAULAGE LTD ABS SCAFFOLDING LTD…
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Administration notices have been issued and advertised in the London Gazette for the following companies: A. & J. FABTECH LTD ABILISOFT LTD ACCESSIBLE TRANSPORT GROUP CONTRACT SERVICES LTD ACCESSIBLE TRANSPORT GROUP LTD AKTIS STRATEGY LTD ALLERFORD HOLDING LTD ALLERFORD INTERMEDIATE NEWCO LTD ALTIMA LIGHTING LTD AMBITEMP (M&E) LTD ARCH HALL LTD ARCH HALL SOUTH LTD ASHFIELD…
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Firms across the UK are bracing for a week of new cost increases and reporting requirements, with the Federation of Small Businesses (FSB) calling on government to support those impacted and rule out the introduction of fresh burdens. From today, HMRC is forcing VAT-registered businesses to comply with its making tax digital (MTD) initiative. The…
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A new economic research report from Atradius forecasts that global insolvencies are set to grow for the first time in 10 years. The Insolvency Forecast reports an expected rise in insolvencies of 7% in the UK in 2019, the highest increase of all advanced markets. The insolvency outlook has deteriorated following a sharp loss of…
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Just over half (55%) of SMEs have had to turn away growth opportunities because of a bad financial situation, according to new research released today by Nucleus Commercial Finance. The data also indicates that 29% of UK SMEs currently want to grow, but aren’t able to, a clear picture is emerging of businesses being held…
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The number of business insolvencies across the UK has risen by a fifth over the past three years, according to the latest figures from the Insolvency Service. 17,439 businesses entered into insolvency procedures last year — up approximately 100 from 2017 and an increase of 2,851 insolvencies from the figure in 2015. The number of…
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Dun & Bradstreet has been confirmed as a designated Credit Reference Agency (CRA) by HM Treasury and is one of four CRAs able to receive credit data from the designated banks. The commercial credit data sharing scheme was launched as part of the UK Government’s commitment to support SME growth and requires nine leading banks…
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The inaugural Commercial Credit & Collections conference has confirmed its agenda for its forthcoming event at the Leadenhall Building on Friday 5th April. CVR Global and Aon’s Commercial Credit & Collections conference agenda includes speakers from Chartered Institute of Credit Managers (CICM) and Eversheds Sutherland. With Brexit on the horizon, the event will open with…
Read moreCompanies are increasingly cautious over taking risks in their supply chain, with fears over their level of dependence on suppliers and sourcing from high-risk countries dominating their thinking, data in a new report shows. The Q4 2018 Global Supply Chain Risk Report, published today by Cranfield School of Management and Dun & Bradstreet, investigates the…
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Eighty percent of business owners admit they worry their work-life balance is negatively impacting relationships with family and friends, research has revealed. To compound the issue, more than a third (36%) of UK SME leaders feel that they struggle to spend enough time with their children, with 46 percent having missed a special occasion and…
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Outsourcing specialist Interserve has entered into administration after the company’s shareholders voted against a rescue plan Shareholders voted 59.38% against the plan, which would have seen their stake reduced to just 5%, with lenders being handed the largest share of the business. Last month it outlined a plan to reduce its net debt to £275m…
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