Missing cheques cost SMEs £550 million a year

6th September 2016 Commercial Credit Management |

Research by Barclays Business has found that up to £550 million is lost every year by SMEs forgetting to pay in or losing cheques written to their business. Of those that have lost or forgotten to deposit a cheque, two in five (38%) admit to doing it only on one occasion, however one in five…

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United Trust Bank appoints new Chair

6th September 2016 Commercial Credit Management |

United Trust Bank has appointed Richard Murley as its new Chairman  

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IGF appoints two new Directors

25th August 2016 Commercial Credit Management |

IGF has appointed Richard Spielbichler as ABL Director for the North West whilst Jeff Greenfield joins as ABL Director for North London and the Home Counties.

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Billions written off by UK businesses each year

23rd August 2016 Commercial Credit Management |

http://www.cityam.com/248074/small-businesses-lost-6bn-last-year-not-chasing-bad-debts

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Late Payment and business failure responsible for one in five Insolvencies

22nd August 2016 Commercial Credit Management |

A R3 report has found that at least one fifth of UK corporate insolvencies in the past year were caused by late payment or the insolvency of another company. The survey of the insolvency profession reveals that late payment for goods or services was a primary or major cause of 23% of insolvencies in the last…

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Business confident falls in manufacturing: Credit Managers’ Index

18th August 2016 Commercial Credit Management |

A report by the Chartered Institute of Credit Management (CICM)  has shown that business confidence continues to fall within the manufacturing sector following Brexit, according to the latest Credit Managers’ Index. The quarter index however, showed that confidence within the Services sector has slightly improved and rallied after a poor first quarter, arresting the decline of the index…

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Moore Stephens appoint new Partner

18th August 2016 Commercial Credit Management |

Accountancy firm Moore Stephens has appointed Lee Causer as partner working in its restructuring and insolvency team.  

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SME loan grading system launched

18th August 2016 Commercial Credit Management |

Peer to peer lender ThinCats has launched a new two-tiered grading system for all loans on the platform’s primary market. The new system will allow investors to quickly determine two key factors that determine the quality of a loan: credit quality and security quality. Credit quality, the ability of a company to service its loan obligations, will…

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Platform Black appoints new Sales Director

11th August 2016 Commercial Credit Management |

Richard Whitehouse has been appointed Sales Director at Platform Black. Commenting on his new appointment, Richard Whitehouse said “The fintech market is exploding and this opportunity to join a business in the sector, with such strong lending principles and access to large funding pools, was impossible to ignore. Platform Black’s track record and investment from our parent,…

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HH Cashflow Finance appoint new Head of Sales

2nd August 2016 Commercial Credit Management |

HH Cashflow has appointed Robin Goddard as it’s new Head of Sales.

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1.4 million SMEs write-off debt each year

2nd August 2016 Commercial Credit Management |

Research released by Bibby Financial Services suggests that 1.4 million SMEs are forced to write-off debt each year. Findings from Bibby Financial Services’ SME Confidence Tracker report for Quarter 2, undertaken before the EU referendum, show that 27 per cent of SMEs have written-off money in the past year. Across the business population, findings equate to…

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Company Insolvencies decrease: The Insolvency Service

29th July 2016 Commercial Credit Management |

The latest results Insolvency statistics from The Insolvency Service for Quarter 2 (April to June 2016) reveal that Company Insolvency numbers have gone down. The main findings of the report were: Total company insolvencies were lower than the previous quarter and also decreased on the year This decrease was mainly driven by a decrease in compulsory…

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Two credit insurance specialists set to merge

28th July 2016 Mergers and Acquisitions |

UK Credit Insurance and The John Reynolds Group Ltd will merge in August. Following the merger the new company will be called Acumen Credit Insurance Brokers Ltd. A new website will follow in September: www.credit-insure.co.uk.

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