by Hannah Lyon-Wall | Dec 8, 2020 | FinCred IS
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.
by Hannah Lyon-Wall | Oct 28, 2020 | FinCred IS
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...
by Hannah Lyon-Wall | Apr 20, 2020 | FinCred IS
Insurers have recognised these trading challenges and to assist insureds during this time many insurers have relaxed the policy terms around reporting overdue customers to allow policyholders greater flexibility to manage these payment delays.
by Hannah Lyon-Wall | Jun 10, 2019 | FinCred IS
Trade credit insurance is a burgeoning industry – and with good reason. The highly publicised fallouts from the insolvencies of multinational construction services provider Carillion, wholesaler Palmer and Harvey and retail giant House of Fraser all sent...
