UK Export Finance (UKEF) has published its results for 2018-19, revealing it provided £6.8 billion in support for UK exports, a record since 1991. Analysis shows these exports have also supported an estimated 47,000 UK jobs as demand for British goods across the globe continues to grow. Last year the department directly supported 181 companies’[…]
Latest ABI figures show that claims paid by trade credit insurers are running at over £4 million every week – their highest level since 2009. Over 200 firms every week helped by trade credit insurance. A record £340 billion of UK trade is being covered by trade credit insurers. Insurance pay outs made by trade[…]
As many of our readers will know, the construction and outsourcing services provider Carillion collapsed two weeks after the start of 2018 weighed down by the massive £2.2 billion debt and pension liabilities, which became the largest corporate bankruptcy in the UK in a decade. As it turned out, the vast majority of UK suppliers[…]
According to a recent study by Siemens Financial Services, SMEs are an integral part of the UK economy, accounting for 47% of all private sector turnover. They bear the brunt of late payments and long payment terms. Businesses (with turnover of under £1m) wait for 72 days for payment. Businesses with an annual turnover of[…]
According to recent insolvency statistics from Infolink, total unpaid/unsecured credit losses totaled over £1.9 billion for the second half of the year, up 6% on the first half of the year. 80,000 ordinary unpaid trade creditors (excluding 8,000 occurrences of HMRC as creditors) lost an average of £23,900, from 5,178 insolvencies. The average asset shortfall[…]
We are pleased to offer our select clients a solution allowing them to convert invoices from their creditworthy clients into cash on a flexible and low-cost basis and without any risk of recourse to them. LiquidityCo is your key to working capital as it’s a cost-effective mechanism of risk-free financing your short-term cashflow gaps by[…]
We are pleased to offer our clients a credit reporting service on their existing and potential counterparties as a pay-as-you-go service. Please get in touch to discuss this service in more detail.
We are happy to say that we don’t charge our clients for finding them an insurance solution. So if you are working on a transaction or with a portfolio which exposes your organisation to potential losses from credit or political risk events, please get in touch. We are happy to offer our customers a free[…]
Growing solid business and in need of financing? Consider releasing your cash reserves sitting idly as a deposit for your premises. Our dedicated service SaferLet has developed unique insurance solutions enabling clients unfreeze cash tied up in property deposits, while giving equivalent or even better security to their landlords – both commercial or residential. Please visit our[…]
In 2015, the following major Western European companies have become insolvent: Source: Euler Hermes While more than 100 US oil and gas companies declared bankruptcy since 2015: Source: Wall Street Journal
