Credit, Collections & Insolvency News
Chief Finance Officers (CFOs) are intensifying their focus on cost control, with 58% saying it is a strong priority for the next 12 months, according to Deloitte’s latest CFO Survey. This is the highest level for ten years. Almost two-thirds of CFOs (65%) say their business faces high or very high levels of external financial…
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Two in five small business owners (40%) say they are taking legal action against customers not paying them on time and many bosses are foregoing their own salary in order to ensure their employees get paid on time – according to new research from Hitachi Capital Business Finance One in five business owners (20%) are even…
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Over three quarters (76%) of freelancers have experienced mental health issues as a result of late paying clients in the last 12 months, according to new research. In its latest report Late Payments: The Cost to Business and Our Health, Hitachi Capital has investigated the mental health impact of late payments on the UK’s SMEs…
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One third (33%) of UK businesses are concerned about the potential impact Brexit will have on their suppliers and customers, according to new research from R3, the insolvency and restructuring body. The research, a survey of 1,200 senior business financial decision-makers, carried out for R3 by BVA BDRC, found that 11% of businesses have reviewed…
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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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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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Debenhams has won a legal challenge against its Company Voluntary Arrangement (CVA). The department store was taken to court by Combined Property Control Group (CPC) – the landlord of six Debenhams stores in England – over the argument that its CVA was “designed to create a situation in which the company’s general body of unsecured…
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