The number of company insolvencies are soaring once again as July’s insolvency figures have just been released, continuing the trend of rising insolvencies. In England and Wales, the number of company insolvencies have rocketed 67% year on year to 1,827. What is also alarming is the fact that they are 27% higher than the number …
There’s never been a more critical time to make sure your business credit score is in the best shape possible. With costs spiralling and the value of unpaid invoices rocketing by over 20% it is vital for companies to get to grips with their credit file and ensure they can get the best possible supplier …
The Importance of Building Your Business Credit Score Read More »
Inflation in the UK has spiked to 9.1%, the highest level in more than 40 years. Figures from May 2022 have revealed the soaring costs of gas, electricity, food and transport are having a dramatic impact on business cashflow as we feel the squeeze from the worsening cost of living crisis. The recent hikes in …
UK Inflation Rockets To The Highest Level in Over 40 Years Read More »
75% of SMEs in the UK are fearful of the long-term effects of the UK’s cost of living crisis. This comes off the back of Barclays SME Barometer, a survey of business sentiment released each quarter. Inflation and spiralling costs for raw materials, goods, machinery and energy have dominated headlines this year and even with …
SMEs Are Bracing Themselves For The Impact of The Cost of Living Crisis Read More »
New research from Begbies Traynor “Red Flag Alert” has revealed stark figures, signalling a 19% year on year increase in the number of companies in critical financial stress, with 1,891 companies affected in Q1 2022. The industry most at risk is construction. The construction industry has felt the brunt of the late payment problem with …
Numbers of Businesses at Risk of Collapse Are Rocketing Read More »
The impact of rising energy prices on your business cashflow can be monumental. The cost of energy, price cap increases and the number of energy companies failing in recent months are putting immense pressure on UK businesses. With UK businesses chasing a combined £61 billion in late payments protecting your business cashflow is more critical …
The Impact of Rising Energy Prices on Your Business Cashflow Read More »
There is a dark cloud above us as the number of corporate insolvencies continue to rise in Scotland, England and Wales. With corporate insolvencies expected to increase by 33% this year, UK insolvency figures from Q4 2021 are showing that the needle is indeed moving. Corporate insolvencies in Scotland The number of Scottish corporate insolvencies …
Imagine having a crystal ball and seeing which customers are not going to pay you on time before you run into the problems late payments cause. By tuning into your customer’s behaviours, you will be able to clearly identify if there is a risk of your invoices being paid late. Understanding that invoices could be …
Spotting The Warning Signs That A Client Isn’t Going To Pay Read More »
As we wrap up the year and get planning for 2022 it is time to reflect on the previous 12 months and improve our processes, so we are in a strong position for the year ahead. Over the past 12 months we have noticed three key areas where businesses must be better equipped to avoid …
How To Protect Yourself From A Commercial Debt Nightmare Read More »
The number of corporate insolvencies is about to erupt. Global corporate insolvency numbers are expected to increase by 33% next year, returning to levels not seen since before the pandemic began. Deloitte estimate that they could be even higher than the 60% increase in corporate insolvencies experienced in 2009 during the global financial crisis. We …
Corporate Insolvencies Are Rising. What Is Causing Them To Increase? Read More »
