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British Steel collapses into insolvency
British Steel collapses into insolvency

It was announced yesterday that yet another substantial, seemingly unshakeable company has collapsed into liquidation. The compulsory liquidation puts 5,000 jobs at risk, as well as endangering 20,000 more in the supply chain, according to the BBC. The Independent adds that insolvency experts are labelling British Steel’s demise as the “first heavyweight casualty of Brexit”, and...

Protect Against Insolvency Issues with Trade Credit Insurance
Protect Against Insolvency Issues with Trade Credit Insurance
Between the collapse of construction giant, Carillion, and the downfall of children’s toy company, Toys R Us, recent big-name bankruptcies are emphasising the need for protection against rising insolvencies. Indeed, 26 per cent of UK companies suffered a financial blow due to the solvency of a customer, supplier or debtor in the last six months, according to R3, the association of business recovery...