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[…]
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[…]
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
Persistent low oil prices led to 10 energy companies with a cumulative turnover of EUR8.5bn filing for bankruptcy in the US in 2015 and 6 others (cumulative EUR3.4bn) ended up in a similar situation in Canada. Chinese state support for capital intensive sectors is fading away in favour of SMEs and high-tech research and development,[…]
Our MD spoke at the Marcus Evans conference held 21-22 November 2016 at Hilton Canary Wharf, London, United Kingdom, to a group of energy sector experts on the importance of counterparty risk management in the current economic climate. Vlad shared his knowledge gained from many years with various major banks, insurers and insurance broking companies on how[…]
Major Energy Group Political And Credit Risks team experts sourced and arranged a cover for a major energy company’s portfolio of clients in several countries of its operations
