Credit, Collections & Insolvency News
Eight in ten (81%) project professionals working for SMEs in the UK financial services sector are expecting a rise in the number of appointed projects over the next three years, according to a survey by the Association for Project Management (APM), the chartered membership organisation for the project profession. In a positive sign for the…
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The Institute of Directors (IoD) has appointed John Browett as the new Chair of its board. Browett takes over from Patrick Macdonald, whose three-year term as Chair ended after the Institute’s AGM yesterday. His appointment comes after a robust process overseen by the Nomination Committee which consists of members of the IoD Board and IoD…
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Improving confidence among business leaders is the primary factor in growing demand from SMEs for external funding according to researchby Atom bank. The quarterly poll of commercial brokers by Atom bank found that the appetite for external funding continues to grow, with almost two thirds (63%) of brokers stating that they were seeing a growing…
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New analysisfrom Premium Credit has shown that the Construction sector borrows the most to fund insurance but the Wholesale and Retail Trade sector is the fastest-growing. Premium Credit’s Insurance Index, which monitors insurance buying and how it is financed, shows 55% of SMEs now use some form of credit to pay for insurance borrowing an…
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New analysis by Atradius has reviewed the political parties’ key business-related pledges with the Conservatives, Labour and Liberal Democrats having all made promises to tackle the late payments crisis harming businesses. Labour says it would stamp out the late payment of invoices via new legislation to force large businesses to reveal their payment practices. The…
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Top Service has announced that it has appointed Philip King FCICM as a Non-Executive Director at Top Service. King brings a wealth of experience in the credit management industry. After starting his career in the construction sector, King spent 14 years as Chief Executive of the Chartered Institute of Credit Management, and 18 months as…
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Solaris Law, part of the Azzurro Group, completed the acquisition of Shoosmiths’ business-to-business recoveries division (in England & Wales), formally merging the two teams and moving to modern new offices on the Solent Business Park, Whiteley. The announcement is the first part of a two-part transaction that will ultimately lead to Solaris Law becoming one…
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Confidence among British businesses fell from an eight-year high in June, according to analysis by Lloyds Banking Group. The research showed that business confidence fell by 9 points to 41% in June. Despite falling from last month’s highs, this latest confidence reading is consistent with levels seen during Q1 2024, before the sharp rise in…
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The Institute of Directors’ Economic Confidence Index, which measures business leader optimism in prospects for the UK economy has shown a drop in optimism -14 in June 2024 from -3 in May. The analysis showed notable drops in business leaders’ investment intentions, which fell to +19 in June from +30 in May. Furthermore, headcount expectations…
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More than half of small businesses would have to put their plans on hold if they could not secure finance according to Novuna Business Finance. The research shows that access to finance is becoming a critical issue for UK small businesses, with new research finding that more than half (53%) would have to put their…
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New research from Experian has today revealed that eight in ten (83%) british businesses acknowledge data governance should no longer be an afterthought and can give them a strategic advantage. A further 86% agreed that data governance will become more important over the next five years. With AI changing the way businesses are run and…
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New research from GBG has revealed 81% of European businesses believe cross-sector collaboration and intelligence sharing is key to stemming the rising tide of fraudulent criminal activity. The findings are part of GBG’s new Global Fraud Report 2024 which surveyed businesses in the UK, France, Germany, and Spain in financial services, fintech, crypto, banking, retail…
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New research from Premium Credit shows the cost of living crisis is increasing the tax bill pressure on SMEs with more than 430,000 firms currently struggling to pay money owed to HMRC. The study by the leading provider of finance for companies’ tax bills with SME owners and managers found nearly one in five (17%)…
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