Credit insurance is a crucial safety net for businesses, providing protection against customer non-payment and ensuring cash flow stability. However, not all claims are approved, leaving policyholders frustrated and uncertain about what went wrong. Understanding the common reasons behind claim…
In the dynamic world of recruitment, agencies face unique financial risks when extending credit to clients. With payment terms often stretching to 30, 60, or even 90 days, protecting your receivables becomes crucial for sustainable business operations. Credit insurance offers…
The UK construction industry is weathering a perfect storm of challenges that has led to a concerning surge in company insolvencies. Multiple factors including rising interest rates, increased material costs, and project delays have combined to create one of the…
The Tier 1 contractor appointed administrators EY last week. Supply Chain The last filed accounts showed a turnover of over £2bn and subcontractors have been ‘nervous’ since this time last year when rumours of late payments surfaced. With the majority…
Why going without credit insurance can risk your business In today’s economic landscape, the risk of customer default is a constant, looming threat for businesses worldwide. Whether you’re a small enterprise or a large corporation, customer default can undermine your…
In a fluctuating business world, uncertainty about customer defaults can leave many enterprises hesitant to expand their horizons. Yet growth is an imperative part of a successful business journey, and financial security is crucial in attaining this objective. That’s where…
Leicestershire based clothing and homeware group Joules, has said that it plans to appoint administrators after talks with investors to secure extra funding have failed. It has been suggested that a combination of milder weather and changing consumer spending as…
The firm, which enjoyed soaring sales during Covid lockdowns, hit problems as households cut back and has appointed PWC as the administrator. High street and online retailer Next, has bought the brand name Made.com and the Intellectual Property, and there…
Due to the continued growth and expansion in these key areas, we have launched bespoke sites for companies working in the Construction and Recruitment sectors. The sites aim to simplify the route to market, and help to explain some of…
To liken this to real estate, the credit insurance market in the UK is still very much a ‘buyer’s market’.What we mean by this is that there has never been a ‘better’ time to buy. We just want to quantify…