Trade credit insurer Atradius has published a new economic research report analysing the impact of a potential trade war on the economies of Southeast Asia. With a trade war seemingly escalating between China and the US, Atradius reports that trade across Southeast Asia has already been moderately impacted, with increased risk aversion in international financial markets. However,…
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Insolvency litigation financing specialist, Manolete Partners has began trading on AIM from today (14th December 2018). AIM is the London Stock Exchange’s international market for smaller growing companies. The IPO raises over £16.25m for the company and £13.1m for selling shareholders, and values the newly-listed company at approximately £76.25m. Manolete Partners was established by Steven Cooklin in 2009…
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New research by Moore Stephens suggests that signs of a downturn in the UK housing market is causing distress in the sectors that rely on “a buoyant housing market”. The report says that this could be the start the trigger that increases corporate insolvencies. Lee Causer, Partner at Moore Stephens, said “It seems the impact…
Read moreAfter ten years of growth (2008-2018), it has been suggested that we may have reached the peak in the global construction growth cycle: 2018 will be the turning point according to Euler Hermes’ unique proprietary data on millions of companies across 70 countries. Growth in this industry should gradually cool down to +3.0% in 2019,…
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Business lender, Iwoca, has announced it has connected to Barclays and HSBC banks under Open Banking, expanding the the number of Open Banking connections offered by Iwoca to three, including Lloyds Bank, enabling more than 60 percent of the lender’s customers to take advantage of the Open Banking service. Open Banking is the new regulation which…
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New data released by Creditsafe, examining the rate of company failures across 12 UK business sectors, reveals 0.33% of companies in the Hospitality sector failed in Q3 2018. Across the Hospitality industry – inclusive of hotels, restaurants and bars – there were 591 company failures, compared to 330 in the same time period in 2017.…
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The Consumer Council for Water (CCWater) received 1,110 complaints from non-household customers between 1 July and 30 September this year, making it the worst quarter since the market opened in April 2017. The increase has undermined the improvement witnessed by the consumer body during the first three months of 2018/19 when complaints fell for the…
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The UK’s smallest businesses are facing a bill of £6.7 billion, up from £2.6 billion in 2017 – just to collect money they’re already owed, according to research by Bacs Payment Schemes (Bacs), part of leading UK retail payments authority Pay.UK. This latest research, from the people behind Direct Debit and Bacs Direct Credit, shows…
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One Select, an energy supplier with about 36,000 domestic customers, has ceased to trade. Under Ofgem’s safety net, the energy supply of One Select’s customers will continue as normal. The outstanding credit balances of domestic customers will be protected. Ofgem will choose a new supplier to take on One Select’s customers as quickly as possible.…
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UK Finance has published its latest SME Update on SME loan approval (for Q3 2018) which show that rates remain consistently high. The figures show that there were 69,980 new loans and overdrafts approved for a value of £7.0bn with banks approving eight out of ten applications for SME Finance. The figures also showed that cash…
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Employers are finally getting to grips with the Apprenticeship Levy, a new survey from the IoD has revealed, with over half of employers who use the system now saying they understand it ‘perfectly’, a 42% increase since March (from 36% in March to 51% in November). However, the poll of business leaders revealed that awareness…
Read moreCharity, Action for Children has warned that the UK risks ‘Dickensian’ levels of poverty as a new analysis of official government data¹ shows a million children under 10 years old face a desperate Christmas this year. The Charity says that ss other young children spend December writing their Christmas wish-list to Santa, a million under-10s from low-income…
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Administration notices have been issued and advertised in the London Gazette for the following companies: ACKRILL NEWSPAPERS LTD ADD PRECISION LTD AIR TRAMPOLINE (CARDIFF) LTD AIR TRAMPOLINE (SWANSEA) LTD AJ WAY LTD ALFA ENGINEERING GROUP LTD ANGLIA NEWSPAPERS LTD ASPIRE CRAFTS LTD ATKINSON PRECISION LTD ATLAS BUSINESS INTERIORS LTD AUTILLA LTD BANDERA LTD BENITA FOOD LTD…
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