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Company insolvency improvements mean fewer insurance claims

Company insolvency improvements mean fewer insurance claims

While the total trade credit insurance market has grown in value, improvements to the company insolvency rate mean fewer claims have been made in recent months, according to the Association of British Insurers. The ABI reports that nearly 10,600 trade credit insurance...

City Link employees given administration advice

The high-profile collapse of the delivery firm City Link has led to employees of the company being given administration advice – specifically on how to claim money owed to them by their former employer. An announcement from the Insolvency Service on December...

Economic ‘recovery’ raises need for administration advice

The apparent ‘recovery’ of the UK economy is having knock-on effects that could drive many companies into needing administration advice. Figures from R3 – the Association of Debt Recovery Professionals show that 154,000 UK firms are now so-called...

Comet administration advice raises regulatory questions

The importance of good administration advice has been highlighted once again, with the news that the collapse of electricals retailer Comet is to be investigated by the Institute of Chartered Accountants in England and Wales. During the failure of the company, certain...

Administration advice ‘must be transparent’ for SMEs and customers

Administration advice for companies on the brink of insolvency must not come at the expense of the firm’s creditors, business minister Jenny Willott has warned. Her comments follow the publication of a review by Teresa Graham CBE launched last summer, which has...