CCR Magazine

CCRi banner ad
You are here  :Home arrow News arrow Reaction to Q4 2015 UK insolvency drop
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines


Commercial Credit News


Reaction to Q4 2015 UK insolvency drop PDF Print E-mail
Monday, 01 February 2016

Marine Bochot, director of Risk, Information and Claims, at Euler Hermes, the world’s leading trade credit insurer, said: “Today’s data reveals a concerning trend of increased financial stress and volatility for unsecured creditors in sectors such as construction, manufacturing (metal and furniture come first), textiles and services hidden amongst the headline downward trend in corporate insolvencies.

“We are receiving an increase in overdue payments reports from our clients along the supply chain in these key sectors, which may be an early indicator of more volatility and fundamental shifts in the wider economy which could pile pressure on businesses this year.

“Our forecasts suggest UK GDP growth will drop in 2016 for the first time in three years, and there will be a with a five per cent hike in corporate insolvencies. A hike in business failures would be a natural consequence of the boom in start-up ventures since 2013. However, a UK economic slowdown, Brexit fears, emerging markets madness and the revelation this week that a major supermarket chain knowingly delayed payments to suppliers highlights the challenges faced by many UK businesses from late payments and unpaid debts.

“No one wants one of their clients or suppliers to be the insolvency statistic that lands them with overdue or bad debts which squeezes cash flow, credit ratings or stalls growth plans. In the current more volatile climate, businesses should take extra care to understand their customers and suppliers ability to pay on time when signing new contracts.”
3 October - Guoman Tower Hotel, Central London 

CCRInteractive, in association with Marston Holdings , is the largest and leading one-day conference from the publishers of CCRMagazine – a truly national and international event for the credit industry.

This landmark event allows delegates to: Learn best practice of how to increase profitable sales in today’s economy. Understand the key compliance issues and how they will impact upon you. Discuss the legislative and regulatory framework and how it will effect you. Consider the potential effects of Brexit on your business. Discover the latest innovations in the market to improve your collections. Motivate your staff to achieve ever improved results.

To book to attend in 2017, contact Stephen Kiely  or Alison Lucas. To find out more about being part of this landmark event, please contact Gary Lucas

 Forums International Ltd

Forums International Ltd

 Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.

Find out more here.

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online

The Credit Excellence Awards


Tuesday 3 October - Guoman Tower Hotel, Central London

Do not miss your chance to meet and network with the Winners and Finalists at the Credit Excellence Awards, in association with Hoist Finance.

To book your place to attend, please contact Alison Lucas.


CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road

Registered in England No: 05483197