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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...

Bad debt Britain - payouts to help UK firms survive unpaid bills now at their highest since 2009
Bad debt Britain - payouts to help UK firms survive unpaid bills now at their highest since 2009
£5 million a week is paid by trade credit insurers to help firms cope with bad debts as the number of claims soar 60% in the last year.

According to figures published by the Association of British Insurance (ABI) on 22nd March 2019, insurance pay-outs that provide a lifeline to help businesses struggling to cope with bad debts, are at their highest level since 2009; with the equivalent...

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...

Carillion’s Demise—Could You Be Held Responsible for Insolvency?
Carillion’s Demise—Could You Be Held Responsible for Insolvency?
Carillion, formerly the second-largest construction company in the United Kingdom, went into compulsory liquidation on 15 January. Unfortunately, this type of situation is not uncommon, as the number of companies that entered insolvency in 2017 rose by 4.2 per cent to 17,243, according to the Insolvency Service.

Regardless of the size of the organisation, insolvency has significant repercussions...

What is Trade Credit Insurance? Watch our Quick Two-Minute Videographic
What is Trade Credit Insurance? Watch our Quick Two-Minute Videographic

Watch our quick 2 minute videographic, which explains what the benefits of having a Credit Insurance Policy are, and why you should consider it for your business.


For more information on Trade Credit Insurance, please visit the Credit Insurance section on our website at: https://www.icbgroupuk.com/sectors-services/credit-insurance