UK businesses sitting on £600 billion in excess working capital

Business
UK businesses sitting on £600 billion in excess working capital. 20/06/2019. New research by Lloyds Bank has revealed that businesses could be sitting on £593bn in excess working capital, which could hamper growth and leave them exposed to economic uncertainty.
Read more

Government announces proposed new powers to tackle late payments.

Business
Government announces proposed new powers to tackle late payments. James Salmon, 20/06/2019. The Government has again made noises about trying to tackle late payments and break the cycle of the late payment culture in the UK with a range of
Read more

CVAs have led to 1,000 store closures

Business
CVAs have led to 1,000 store closures 19th June 2019. A new study suggests the use of company voluntary agreements (CVAs) has led to the closure of almost 1,000 stores over the last two years. The research from global property
Read more

Arcadia avoids collapse as landlords back rescue plan

Business
Arcadia avoids collapse as landlords back rescue plan. 13/6/2019. Sir Philip Green’s fashion empire lives to fight another day after it secured backing for its restructuring plan. Arcadia managed to convince more than three-quarters of its unsecured creditors – made
Read more

Update on retail CVAs

Business
Update on retail CVAs 12th June 2019. Today we have seen updates on 3 of the recent retail CVAs. Intu deals blow to Arcadia hopes Shopping centre owner Intu is planning to vote against Sir Philip Green’s revised proposals to
Read more

Ready to speak to an advisor?

For help or advice on credit management, entirely without obligation.
Call us today

0330 053 9263