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UK company insolvencies begin to rise after 2016 ‘tipping point’

UK company insolvencies are on the increase following a ‘tipping point’ in the second quarter of 2016, according to a report from trade credit insurers Euler Hermes. The nation is currently predicted to see a similar total number of company insolvencies in...

1 in 4 corporate insolvencies triggered by late payment

Nearly a quarter of corporate insolvencies in the past 12 months were caused by late payment by customers, according to figures from R3, while one in five were triggered by the failure of a key supplier or customer. The organisation, which represents the business...

BHS corporate recovery begins following final stores’ closure

The notion of ‘corporate recovery’ might seem out of the question in relation to the BHS brand, following the closure of the final high street stores in the chain on August 28th. After 88 years as a high street stalwart, the brand – formerly British...

More on Brexit and UK corporate insolvency

In our previous article, we looked at the immediate implications of the EU Referendum Leave vote – or ‘Brexit’ – for business insolvency, but it’s worth taking a broader look at how the UK corporate insolvency regime could be affected by...
Insolvency adds to £150m trade credit insurance cost

Insolvency adds to £150m trade credit insurance cost

The total cost to the insurance industry of trade credit insurance claims – where businesses are compensated for late payment or customer insolvency – was nearly £150 million last year, according to figures from the Association of British Insurers. In...
Romania expelled from Eurovision amid corporate insolvency concerns

Romania expelled from Eurovision amid corporate insolvency concerns

Romania has been banned from competing in the upcoming Eurovision Song Contest amid concerns that its national broadcaster TVR could face corporate insolvency proceedings. The broadcaster has been in debt to the European Broadcasting Union since the beginning of 2007,...