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Commercial Credit News
CoCredo Celebrates 15 Years in Business
Friday, 03 November 2017
November 2017 marks the 15th anniversary for CoCredo, one of the country’s leading specialists in providing online company credit reports and related business information within the UK and overseas.  
'Distance' learning no substitute for 'real' interaction, CICM warns
Thursday, 02 November 2017
Short-cuts in learning and development ultimately hold employees back, and there is no substitute for hard work and classroom interaction, according to the world’s largest professional body for the credit community.  
MarketInvoice enters business loans as it rebrands
Wednesday, 01 November 2017
MarketInvoice has expanded its mission in the business finance space by launching business loans today. This will complement their suite of invoice finance solutions, allowing them to better service the working capital needs of UK businesses. The launch announcement comes as MarketInvoice rebrands, representing its evolution into a business finance company.
Tinubu Square wins prestigious business award
Tuesday, 31 October 2017
Tinubu Square, a leading provider of trade credit risk management solutions, has been awarded the 2017 “Trophées de l’International du Numérique” (’International Digital Company Award 2017’) by the IE-Club and Business France. This is the second time that the company has been rewarded for its expertise in innovation in the international digital sector.   
UK insolvency levels will continue to rise through 2018 - Euler Hermes
Friday, 27 October 2017
Katharina Utermoehl, Senior Economist for Europe at Euler Hermes, the world’s leading trade credit insurer, said:   “We expect UK insolvencies to rise by five per cent this year, and a further six per cent in 2018. British businesses face a combination of slowing consumer spending, cooling investment activity - domestic as well as foreign - plus a further depreciation of sterling, all of which will ramp up the pressure on payment terms and profit margins.  
Q3 2017 insolvency statistics – R3 comments
Friday, 27 October 2017
Commenting on the Q3 2017 England & Wales insolvency statistics (published this morning by the Insolvency Service), Adrian Hyde, president of insolvency and restructuring trade body R3, says: 
Ashley Finance appoints Dawn Trustam as sales director
Friday, 27 October 2017
Based in Kent, Dawn has joined Ashley Finance’s expanding team to provide a much-needed presence in the South. Dawn’s expertise lies in bridging finance. Although every day brings its own challenges, she loves that no two are ever the same and working collaboratively with clients to create deals that work for them. 
A third of UK SMEs are resigned to a ‘Hard Brexit’
Friday, 27 October 2017
The reality of Brexit is finally being felt by UK SMEs, although just a fifth (20%) expect Brexit to be achieved by March 2019, according to the latest SME Confidence Tracker from business funder Bibby Financial Services. 
Alternative finance provider plans £50m investment
Thursday, 26 October 2017
Growth Street, an alternative finance provider for UK SMEs, plans to inject £50 million into growing Midlands businesses over the next 12 months. 
Britain’s newest business bank is banking on Warrington
Wednesday, 25 October 2017
Redwood Bank Warrington officially launched its local office in the heart of the town this week. The new bank, which launched in August, aims to offer a real alternative for small and medium sized organisations in and around Warrington, with the new office spearheading the banks’ lending in the town and its heartland region of the North West.
Jaywing launches new commercial scoring product, Echelon
Tuesday, 24 October 2017
Risk and data science specialist Jaywing, has launched Echelon, a new risk technology product for commercial lenders that enables firms to process commercial credit risk applications faster and with greater consistency, while gathering and storing data to enable a cycle of continuous improvement.
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