Credit, Collections & Insolvency News
Fears over Brexit appear to be increasing businesses’ perception of the risks in their supply chain, despite evidence suggesting many have taken steps to ready themselves for a post-Brexit environment, a new report has found. The Q2 2018 Global Supply Chain Risk Report, published by Cranfield School of Management and Dun & Bradstreet, investigated the…
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More than three in five small businesses (63%) are dealing with late payment issues – and the smallest businesses are those most at risk of dealing with non-payment – according to new research from Hitachi Capital Business Finance. With reports that 50,000 SMEs a year close their doors as a result of late payment –…
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A new study from Dun & Bradstreet has revealed that while finance leaders remain tasked with business profitability, their remit has expanded to include the sharing of data across the organisation and management of risk. The Risk Revolution report found the top challenge for finance leaders today is monitoring risks within a business’ customer, supplier, or partner…
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The finalists for Credit Connect’s second annual Credit & Collections Technology Awards 2018, the UK’s celebration of tech innovators in credit and collections, have been revealed. The Credit & Collections Technology Awards, organised by Credit Connect, brings together credit and collections technology executives to honour the industry’s leading players across 18 categories. The Technology focused-Awards scheme seeks…
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Winding up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: 101 ARTISTS LTD 1ST CHOICE BUSINESS SOLUTIONS LTD 36 SCARBOROUGH AVENUE LTD 36415201 LTD 4FIBS LLP A & W ROOFING SERVICES LTD A LEECH LTD A S BURNS LTD A-CLASS ASPHALTING LTD A.C.T DAMP & RENOVATIONS LTD ACQUISITION…
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Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies: 10 DIGITAL MEDIA LTD 1ST CHOICE BUSINESS SOLUTIONS LTD 360 DEGREE BUILDING SERVICES LTD 365 SUPPLY LTD 3A DISTRIBUTION LTD 3G ASSET MANAGEMENT LTD 5 STAR INTERNATIONAL FOODS LTD 6P ELECTRICAL DESIGN LTD 7HILLSCCTV LTD A &…
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The number of business debt judgments registered in the Republic of Ireland has decreased, according to the latest figures released by Registry Trust. A decrease in the volume of business judgments, coupled with a 16 percent drop in the average judgment’s value led to a 39 percent fall in the total value of business judgments. The…
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A positive global trend to strengthen corporate balance sheets and reduce gearing is masking a rise in leverage in vulnerable sectors and regions, creating hotspots of increased risk for cross-border trade, according to the world’s leading trade credit insurer Euler Hermes. The findings come as Euler Hermes publishes its latest research on global corporate debt,…
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Small firms are finding it increasingly costly to raise new finance, according to the latest research from the Federation of Small Businesses (FSB). The findings were announced ahead of a Bank of England (BoE) decision to raise interest rates to 0.75% Four in ten (42%) small firms describe new credit as ‘unaffordable’ in Q3 2018,…
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Build UK, a representative organisation for the UK construction industry, has published information on the payment performance of its contractor members using data submitted under the Duty to Report on Payment Practices and Performance. Identified as a specific action within the recently published Construction Sector Deal, Build UK members have collectively agreed for Build UK to benchmark…
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The Insolvency has published the latest business insolvency figures for England and Wales which indicate that total the underlying number of insolvencies decreased in Q2 2018 but was higher than the same quarter in 2017. The Insolvency Service says this was driven by falls in compulsory liquidations, administrations and underlying creditors’ voluntary liquidations. Corporate insolvencies…
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Recovery firm Andrew Wilson & Co has announced that it will increase the High Court Enforcement Officers (HCEO) team from two to five. Kelly Cookson, 34, Eric Roe, 25 and Joe Hanlon are on course to become three of the youngest High Court Enforcement Officers (HCEO) in the country. High Court Enforcement Officers are authorised by…
Read moreAccountant in Bankruptcy (AiB) has released its latest official statistics reporting company insolvencies in Scotland for the first quarter (Q1) of 2018-19 and final statistics for the 2017-18 financial year. The results show that the number of corporate insolvencies in Scotland fell by 5% in Q1 2018-19 (April-June 2018) compared with Q4 2017-18 (January-March 2018),…
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