Credit, Collections & Insolvency News
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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Small businesses are in urgent need of more government support to overcome a worrying lack of preparedness for a no-deal Brexit on 31st October, according to new research from the Federation of Small Businesses (FSB). In the first UK-wide small business assessment of no-deal preparedness ahead of 31 October, FSB’s research shows that among those…
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CCI Credit Management (CCICM) has won the UK Credit Services Association (CSA) Collector Accreditation Initiative (CAI) Award making its the sixth award this year. The latest win was announced at the CSA gala dinner ceremony in Newcastle. The CSA, which represents over 90% of British credit management companies, recognised that all of CCICM’s registered debt…
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Businesses in Eastern Europe are conducting significantly more sales on credit to boost their competitiveness in overseas markets, according to a new report by trade credit insurer Atradius. The Atradius Payment Practices Barometer reveals Eastern European businesses transacted an average of 67% of the total value of their sales to domestic and overseas B2B customers…
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Irish SMEs drew down €1.4 billion in loans from Irish banks over Q2 2019, an increase of €147 million on the same period of 2018. SMEs in the property sector accounted for the largest share of new drawdowns at 36 per cent, followed by SMEs in the wholesale/retail trade and agricultural sectors; accounting for 12…
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Euler Hermes has published its third edition of its Enabling Digitalization Index (EDI), which analyses a country’s ability to provide an environment where companies can digitally transform successfully. The score is based on 5 components: regulation, knowledge, connectivity, infrastructure and size. The United States (U.S.) topped the list with a score of 87 out of…
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Across nine UK regions, more than one in five small business owners (22%) are looking to expand into new markets overseas in order to achieve business growth. The latest findings from the quarterly Business Barometer research by Hitachi Capital Business Finance comes at a time when the country is gearing up for the Brexit deadline. Set against…
Read moreCorporate insolvencies are on the rise globally due to the more challenging economic environment and high policy uncertainty according to a new report by Atradius. The report says business failures in developed markets are forecast to increase 2.8% in 2019 – the first annual increase in a decade – followed by another 1.2% increase in 2020.…
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Dun & Bradstreet’s latest UK Industry report has revealed that retailers continued to face a challenging business environment throughout the first half of the year. Between falling year-on-year sales, as reported by both the BRC and ONS, and a growing number of vacant stores, retailers are feeling the brunt of consumer uncertainty, particularly surrounding the…
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A new report by Credit Benchmark has highlighted the pressure of Brexit on Restaurant and Bar businesses. The report says that the UK industry has been suffering under the ‘Brexit Effect’ for some time now, with a downturn observed across both large and smaller businesses around the country. One of the hardest hit industries has…
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Financial relationship management solution specialist, Rimilia has announced the opening of a new regional technical hub in Toronto, Canada. This is the second office that Rimilia has opened in the last six months as a result of continued high growth. The Toronto office will focus on Tech Services, Customer Support and AI Development to support…
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