News

Recession risk eases as service sector grows

Britain's dominant services sector grew at the fastest pace in 10 months in January and firms became much more optimistic, a survey showed on Friday, crowning a raft of upbeat economic news this week that raised hopes Britain may avoid recession.

UK Corporate Insolvencies Rise In 2011 - Experian

Corporate insolvencies rose in the U.K. in 2011, information services firm Experian PLC (EXP.LN) said Wednesday, driven by an increase in business failures in sectors including construction, property and business services

More UK firms declared insolvent in 2011

The number of businesses declared insolvent in 2011 increased from the year before, latest figures show

Credit insurer will not extend cover for UK retail sector

Europe’s biggest trade credit insurance company Euler Hermes has said it will not extend levels of cover to the UK retail sector.

Insolvency experts Begbies Traynor warn of more turmoil to come

West Midlands businesses have been warned that the economy is edging ever closer to the “bottom of the economic cycle” – with more turmoil inevitable in coming months.

Scottish construction sector 'still vulnerable'

The construction sector is still facing "deep-rooted" difficulties, four years after the start of the recession, a report has suggested.

EULER HERMES successfully completes simplification of its legal structure in Europe

On January 1, 2012, the world leader in credit insurance successfully completed the simplification of its legal structure in Europe by grouping thirteen of its former subsidiaries into one insurance company, Euler Hermes Europe, located in Brussels.

Insolvency figures suggest North-South divide

Recent research shows insolvency figures are down slightly - but then so is financial strength, which suggests more doom and gloom to come.

Government urged to do more to tackle late payments

Late payments are a persistent problem for small and medium sized businesses in the UK. More than three quarters of credit managers polled in the UK do not believe that the Government is doing enough to protect businesses from late payments and the potential damage it can do to their finances.

Wales bucks UK trend for rising insolvencies with 12% fall

THE number of companies going into insolvency in Wales bucked the UK-wide position in October with a year-on-year fall.

Further corporate collapses predicted

CORPORATE COLLAPSES are set to rise in 2012 due to poor Christmas sales, according to the UK200Group.

Falling confidence among SMEs supports evidence of L-shaped recession

Latest insolvency figures and falling confidence among SMEs suggest the UK is in an L-shaped recession, report K2 Business Rescue.

Sluggish economic recovery ‘here to stay’

Recovery from the 2008 recession is the worst by far of all the recessions of the last few decades, according to an economic expert.

Numbers of insolvent businesses up in third quarter

RSM Tenon predict corporate insolvency figures for the third quarter of 2011 to increase by 11 per cent on last year’s figure

R3 Business Distress Index shows business-led recovery still stalling in East of England

Private companies in the East of England have experienced increases in 11 of 13 key signs of business distress in the three months to October, according to insolvency trade body R3.