Ana Boata, Head of Macroeconomics Research at Euler Hermes recently presented to the trade credit insurance community on the consequences of Brexit.
The 2020 Atradius Payment Practices Barometer is an annual survey that assesses the payment behaviour of businesses worldwide. The report published in Q3 2020 analyses the results for Western Europe including the United Kingdom.
We are often asked by clients about the difference between Financial Accounts and Management Accounts and why credit insurers request this information. Here we address these differences, summarise how insurers use this information and provide an update on why up to date financial information is requested by insurers more frequently in the current environment.
On 30 December 2020 it was confirmed that the Government backed Trade Credit Reinsurance Scheme will be extended by 6 months to 30 June 2021.
In terms of trade credit the most the common type of fraud is Short Firm. This is where suppliers are defrauded through buyer impersonation or fraudulent orders. Here we offer our top tips for our clients to avoid or sport this form of fraud.
Six changes to insolvency law that may affect your business. Three temporary and three permanent changes to insolvency legislation aimed at supporting businesses during the pandemic are affecting suppliers.
Nicholas described how these factors have led to the phrase ‘Zombie’ economy with relatively few companies showing the signs of distress that would have been expected at this this point in the pandemic.
At FinCred IS is excited to announce that we have joined the global broking network, UNIBA Partners. UNIBA Partners is an owner-led, client-centric global network that provides insurance broking, risk management and employee benefits solutions to businesses. Our...
Fashion Nation (UK) Limited were a manufacturer of women’s clothing who owed our client a large debt in unpaid invoices. On 14 May 2020 our client confirmed that the debtor had announced that their office would be closed and payments suspended due to Covid-19. Our...
On 4th June 2020 the details of the Government Trade Credit Support Scheme were announced. The Government will support UK private sector B2B trade credit insurers with a £10 billion guarantee from 1st April 2020 until 31st December 2020. The Association of British...
Please Get In Touch
If you wish to speak to a broker please fill out the form on the ‘Contact Us’ page by clicking the button below.